TRON Price Set to Rise as It Exits From ERC-20 to Its Own Mainnet

by | May 15, 2018 | Cryptocurrency Events, Cryptocurrency News

TRON | TRX | TRON Price | TRON Mainnet | TRON ERC-20 Migration

With the TRON mainnet Launch just a couple of weeks away, the platform has been gearing up and has been gaining momentum. TRON, which has exited ERC-20 has not only challenged Ethereum, but has also officially come forward with several rewarding schemes to people who migrate from Ethereum to its own mainnet.

As one of the main challengers to Ethereum, TRON aims to create a more efficient, developer-friendly platform for dApps that is not encumbered by scaling and maintains high throughput as a blockchain-based operating system.

Thus, if TRX schemes, features and incentives are able to migrate all of its 100 million DApp users from ERC-20, it will boost the TRX progress when it fully launch the mainnet on May 31th.

Read more: TRON to Offer Rewards For Migrating to Its Mainnet from Ethereum

Justin Sun, TRON Founder, said there is no threat about token swap during the move from ERC20 to TRON mainnet since Tron developers are working on a seamless swap.

“…TronVM uses a VM Adapter that will enable complete compatibility with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON.”

Tron has also announced a virtual machine would launched on the 25th of this month. This virtual machine gives opportunity to all the dAPPs that were initially built on the TRON platform based on Ethereum to move their projects with hitch.

Not just this, Sun sees TRX coming in the TOP 6 cryptocurrencies as the expectations from TRX have been rising.

“Expectations for the future are even higher. Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018, during TRON’s astounding sprint out the gate. In 2018, we will reclaim and secure this title, which will mark TRX’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum,”

The plan looks very rewarding and establishes faith in the migration as with the concerned news, the pair TRX/USD is changing hands at $0.0759 with 12.48% increase in the last 24-hours while being positioned on the 10th place, according to coinmarketcap. publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

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