The Tron (TRX) MainNet date is set for end of May and there is a lot flurry of activities around the coin. Investors are anticipating more just days after the successful Tron-Ethereum airdrop. Tron supporters have seen this as a generous gesture and better things to cone while critics are waiting to see how the price responds in the buildup of the launch and in future.
While the Tron MainNet scheduled for the 31st May, Tripping Point Community, a non-profit organization has already organized a charity fundraiser on Tron network to fund its poverty alleviation projects in the gulf. This is the kind of support many are anticipating by beginning of Q3.
Here are 5 things to note before Tron (TRX) MainNet Launch;
Tron (TRX) will get Support from Binance Exchange
Binance has stood by Tron (TRX) during the MainNet commissioning and TRX holders will have their funds automatically moved to the new Tron blockchain. Binance will handle all the token swap technicalities and ensure the transition period will be seamless.
After Binance made their announcement, Gate.io and Bittrex have also announced they will support the MainNet and ensure the subsequent token swap is smooth. After the Tron CEO and Founder clarified the on the platform’s roadmap, focus now shift to the TRX performance in the crypto-market.
MainNet to Increase Tron (TRX) Transaction speeds
With many coins battling with transactions speeds, Tron is taking this seriously. The developer team continues to add features in preparation for the MainNet event. The addition of Odyssey-v1.06 feature will see better features that will handle the vote freeze and vote defreeze.
Tron Odyssey-v1.06 is a performance based feature and will transform the reward system on the platform. These are some of the features that could not be added due to bandwidth limitations on the Ethereum outfit.
Tron (TRX) MainNet will Spur TRX Market Performance
Given the volatility in the digital money market, the MainNet might make or break the coin. This is an area where investors are keen on since there are indications that TRX is going to turn the heat on before and after the event. With the apparent Tron and Ethereum rivalry, a direct competition seems to becoming a reality.
There is a lot of breakout anticipation and a price surge might mean a slight movement north. However, this might be a short lived surge before the coin attains some noticeable resistance. The coin is trading at $0.080548 after gaining a marginal 0.39% in the last 24-hours but still remains in the red against major coins.
Tron (TRX) to Shift from ERC20 Bracket
The bearish market has moved Tron (TRX) to number 10 by market capitalization. This also reflects on the coin being ranked number 1 in the best digital asset category. With the current limitations imposed by the Ethereum ecosystem, the MainNet will make Tron break free making TRX its native digital asset.
Although the upgrade will be launching on the 31st May, the complete TRX realignment will run up to 21st June. This will make it fully functional will all the features ready to be utilized. With the recent airdrop pushing TRX volumes to the limit, the value of the coin has also received a boost.
Tron (TRX) MainNet Launch is a New Era
With the shift to the MainNet, the TRX investor will be the focus. With Altcoins across the cryptocurrency landscape smarting from the recent crash, performance and better user case solutions are what many are anticipating. This will only be realized after recouping the lost gains for TRX to gain traction and eventual value.
Form CoinMarketCap charts, Tron (TRX) is trading on the green and this should become sustainable once the MainNet migration is successful and all systems in place. The launch is just the boost the platform need for the price to peak and achieve and surpass the January all-time high.