TRON (TRX) Losses over 6% After MainNet Launched

The coming summer promises to be hot for cryptocurrencies: the state expects to adopt regulatory laws, actively discusses the transition of some currencies c of the Proof-of-Work algorithm to Proof-of-Stake, large projects are preparing for releases.

Most of all the sensation in the media has done recently two projects – EOS and Tron. Both companies launched their own platforms almost simultaneously. Recently, launch of Tron (TRX) mainnet which took place yesterday, it’s time TRON.

TRON is a decentralized platform for entertainment content and applications.

Start date of the ICO: August 31, 2017.

TRX rate during ICO: $0.002

Volume of tokens: 100 billion.

Hardcap (the maximum amount of fees): $70 million.

ICO Results: Hardcap successfully closed.

The TRON rate is now: $0.057155

ICO TRON

ICO TRON began on August 28, 2017 with an excitement – the server of the exchange where the tokens (Binance) were sold, could not withstand the load and periodically fell. In the same month, Chinese authorities banned ICO, but at the start of TRX sales this did not affect, or the consequences were imperceptible for an ordinary Western investor.

Today, because of the HYIP and the lack of a ready product, part of the community says about the reassessment of the project – exactly the same reproaches and EOS. However, less than a year later, on May 31, 2018, the TRON network was launched.

TRON Crypto currency: the most important thing in a nutshell

Tron is a platform for entertainment, built with the use of block technology. Developers will be able to post on it their own applications (online games, gambling products) and engage in their promotion. Ordinary users – download, buy, watch.

Thus, Tron is focused on the digital entertainment market, the estimated volume of which exceeds $1 million. In case of demand of the platform, TRON Foundation can equalize in capitalization with Alibaba, the leader in Internet commerce.

The future platform will have a number of advantages over existing services, such as AppStore and Google Play – between users and developers there is no barrier from the high cost of placement on the platform, and the proven integrity of the blockade solves the issue of trust in the gambling and gambling segment. In view of such bright prospects, TRON gained world popularity, and the founder Justin Sun has already been listed twice in the Forbes China and Asia lists.