At last, TRON (TRX) has entered the next stage of its rollout on the TRON main network. Today is the TRON Independence Day when TRON (TRX) is finally shifting away from the Ethereum (ETH) ERC-20 platform to turn into a real TRX token which runs on its proprietary blockchain.
To commemorate this, TRON has just successfully finished a 1 billion TRX burnout, and this is expected to boost the new TRX token’s value in the next few weeks.
“TRON’s core network launched by TRON Independence Group based on community consensus at 10:00 on 25 June 2018 (Singapore time), and has been running smoothly ever since. TRX migration from ERC-20 tokens to TRON main network tokens has started simultaneously. Exchanges supporting migration have started technical integration. Everything’s fine” reads an article release by TRON Foundation’s Medium.
The next step for TRON would now be the beginning of the Election of Superrepresentatives, a procedure that is set to proceed with enabling the selection of a fresh crew of super-representatives.
What’s The Next Step For TRON (TRX)?
As TRON (TRX) embarks on its new blockchain and the new TRX token assumes its role, we anticipate that the TRX value will commence appreciating, given that an appreciation in the token’s market capitalization is also expected.
TRON (TRX) and TRON Foundation CEO and founder, Justin Sun, aspires to see TRX grow to become the second most traded cryptocurrency in the world. While this will be labor-intensive, moving the TRX tokens away from Ethereum ERC-20 platform on TRON main network is the perfect beginning for Sun’s aspirations to become a reality.
TRON (TRX) is currently trading at $0.039, recording a decline of about 7% in the last 24 hours, at the time of writing. Analysts speculate that this downward tendency is merely the result of some uncertainty regarding TRX as the token migration progresses.