Three days ago, Tron founder Justin Sun was at Huobi talk, and this interview attracted lots of attention in the crypto community. Looking back at the interview, we can take out a few things that all point to a bright future for Tron TRX.
One of the things that came out from this interview is that Tron is willing to learn from the mistakes of others, in its journey of creating the perfect platform blockchain. This is quite clear in his comparison of the EOS Mainnet launch to that of Tron. The EOS Mainnet launch has been slow due to the high voting threshold that stands at 15%. According to Justin, Tron has set a much lower threshold to ensure that voting goes on smoothly. The other problem with the EOS Mainnet launch is the voting process. The EOS Mainnet voting is done through a command line, and very few people have an idea of how to go about it. That’s why it has been quite problematic. Tron has learnt from this and is using a simpler voting process, in order to ensure that anyone can vote, and do so with ease. This is bound to increase community support for Tron (TRX), and give it a higher intrinsic value in the future.
The other important fact that came out of this interview is that Tron is committed to decentralization. According to Justin, the whole essence of the super representative elections is to push the governance of Tron to a more decentralized structure. This way, his presence, or lack of it, will have no impact on the future of Tron. This is guaranteed to make Tron (TRX) way more decentralized than bitcoin and Ethereum. Given that the most fundamental value of cryptocurrencies comes from decentralization, Tron (TRX) is way ahead of the pack with its autonomous voting system, and the same will reflect in the value of this crypto in the long-run.
From the interview, it is also clear that Justin Sun has a huge vision for Tron, one that dwarfs many other platform blockchains in the market. In the interview, Justin Sun reveals that while other platform blockchain aim to become number one in the smart contracts space, Tron aims to become the decentralized internet. That’s a huge vision, and Justin seems willing to see through it in a plan that will span 8 years. This explains the purchase of Bit torrent for a whopping $140 million. Once this plan goes through, and Justin seems focused enough to see it though, Tron (TRX) could be one of the most valuable cryptocurrencies in the market.
Another interesting thing that came out of the interview is that Tron will be doing a coin burn at some point in the future. This will push down the number of Tron (TRX) tokens in circulation, and push up its value, based on the forces of demand and supply.
When you put all these factors into consideration, it’s not hard to see that Tron (TRX) is an awesome long-term hold. In the next 10 years, Tron (TRX) could easily be worth 10s of dollars a token.