Tron (TRX) has witnessed a rise of almost 40% in the last week of April, and has already tripled in value in between April and May. This phenomenal rise is on the back of news that TRX is launching its own main net. Currently, it’s an ERC20 token, but with its own main net, it will soon have its own native blockchain.

Just like any other cryptocurrency, Tron (TRX) witnessed some hard times during early 2018! The losses faced by the cryptocurrency during this period were so devastating that over 50% of its total market capitalization was lost. After almost two months of decline, the market has made an impressive comeback. On the back of this news, Tron seems to be outperforming almost all the others!

Though Tron (TRX) is at position 10 in the cryptocurrency rankings by market cap, it great achievement in the last week of April. It’s also at the first position globally in terms of the number of commits on its GitHub!

Tron has witnessed a rise of almost 40% in the last week of April, and has already tripled in value in between April and May. This phenomenal rise is on the back of news that TRX is launching its own main net. Currently, it’s an ERC20 token, but with its own main net, it will soon have its own native blockchain.

What is Main Net?

Main Net is the main network wherein actual transactions take place on a distributed ledger (blockchain). Like TRX is currently a ETH token and all its transactions take place on ETH blockchain. After main net launch it will be a full fledged cryptocurrency with its own blockchain.

What does this mean for Tron users?

With the launch of its own main net, Tron users will have two advantages:

Low fees

Speedy transactions

Talking about speed, Justin Sun, CEO of Tron said that the upcoming Tron blockchain can process up to 1000 transactions per second! That’s pretty fast and impressive, especially in the context of Bitcoin, which manages barely 14–20 transactions a second.

What does it mean for content creators?

A major impact will be seen on the issue of net neutrality and various industries like music and advertising. Tron’s core mission is to create a web space where the content is fully controlled by content creators, and not just a few selected ones! This should help usher in a Web 4.0 — a decentralized web space controlled by everyone equally.

Coming to the impact on the advertising industry, Tron dApps can be used to make money from advertising without disturbing content quality. For example, advertisers can monetize the comments section of the videos and insert an ad in the comments. This is a neat way for advertisers to make money without annoying users. The music industry, despite its streaming revolution, is having creators suffering because of the extremely low revenue it generates for them. Tron can help artists take control over their work and monetize it the way they deem fit!

When Is It Happening?

The date announced by TRX for the launch of the main net is 31st May.
Though it will be launched on the last day of May, it should be officially ready for the users by 21st June, after migration of all the TRX units to the main net is complete.

Tron Airdrop
The Ethereum community has continued to support Tron on the launch its main net. As a sign of gratitude, Tron representatives have announced an airdrop for all the Ethereum users. The initial airdrop started at the third week of April — on 27th April — when TRX was gaining in large quantities in the market. That’s when they transferred 30 million TRX units (valued at about $1.7 million) to Ethereum community!

Due to severe congestions on the Ethereum network, the airdrop is still ongoing. Ethereum users who meet the following requirements are be eligible for airdrop:

1. Any account on the public blockchain that transfers or receives ETH from Jan-01–2018 00:00:02 AM +UTC — April 20, 2018 00:00:04 +UTC (block 4832686 to block 5471198).

2. Account has an ETH balance of over 1 on April 20, 2018 at 00:00:04 +UTC (block 5471198).

What should ETH hodlers do to receive the airdrop?

The Tron team will handle all processes for the airdrop event. It does not require any action from Ethereum hodlers.

You will automatically receive the TRX tokens in your wallet if you are eligible for it.

Just keep in mind that your ETH should have been in a wallet where you control the private keys or your wallet/exchange is supporting the TRX airdrop

Final words

It is expected that Tron can break all its previous market records with the launch of its own main net. If you haven’t purchased any Tron units yet (or wish to add more to your bags), use CoinSwitch to exchange any of your cryptocurrency holdings to Tron. With all major exchanges supported across the platform for over 450 cryptocurrencies, it’s never been easier to make moves in the crypto market. Get started here!