TRON Launches Generous Airdrop for the Ethereum Community
Cryptovest
Published Apr 23, 2018 08:50AM ET
Updated Apr 24, 2018 04:31AM ET
TRON Launches Generous Airdrop for the Ethereum Community
The TRON project reaches out to the Ethereum community with an upcoming airdrop for all ETH holders. The airdrop of TRX tokens is aimed to introduce the project and its advantages.
“TRON will airdrop 30M TRX to the Ethereum community as a show of our gratitude towards Ethereum for their support during TRON’s ERC20 phase, in addition to preparing for the Super Representative Elections after mainnet launch. TRON will airdrop 30M TRX (equivalent to approx. USD$1.7M) to active user with a balance of over 1 ETH after January 1,2018,” wrote the team.
The TRX digital asset is soon going to migrate to its proprietary blockchain, with a plan to become a proof-of-stake coin.
https://twitter.com/search?q=TRON%20airdrop&src=typd
The TRON community performs the airdrop as a form of thanks for using the Ethereum network. However, the project’s founder, Justin Sun, is not shy about extolling the advantages of the TRON network. He believes the Ethereum blockchain has bottlenecks and limitations that TRON aims to overcome.
The airdrop comes on the tails of rivalry between Vitalik Buterin and TRON’s Justin Sun. In a recent address to the TRON community, Sun stated that TRON is better in comparison to Ethereum . Vitalik Buterin responded by pointing out the discovery that part of the TRON white paper was copy-pasted.
Allegedly, the TRON main net would be able to work through more transactions compared to Ethereum. However, the TRON network will have delegates and some form of staking, which some believe to be artificial centralization, easier and faster than proof-of-work.
The TRON team warned that the snapshot is already taken, and all actions for the airdrop would be done automatically. There is no need for users to unlock wallets, or provide private keys, and all should be aware of potential scams. The TRON airdrop will reward between 10 and 100 TRX tokens, which may later be exchanged for main net tokens.
However, the small amount of the airdrop in comparison to the 65 billion TRX outstanding will have a limited effect. And since only around 600,000 users are eligible for the airdrop, most expect the tokens would remain untouched. Owning TRX tokens gives the right to vote for various types of nodes, or delegates. However, it is unknown if the new owners would be interested in the project, and the small amount of coins may never move to exchanges.
!TRON!
The TRX market price recovers only slowly, and the news of the airdrop barely made it budge. TRX now hovers around $0.05, and some of the most bullish predictions for the end of 2018 see TRX growing as high as $1. A similar feat was achieved by the Cardano (ADA) and Stellar (XLM) projects, but the 65 billion token supply of TRX would see it displacing Ripple (XRP) in the case the price reaches $1.
This article appeared first on Cryptovest
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