Tron’s new Timeline Boost TRX to the Top Three Cryptos for Market Cap
The Tron Foundation and Justin Sun really want to see Tron becoming the crypto king or at least gaining a place in the top three cryptos for market capitalization. It’s pretty obvious that Tron still has a long way to go before it’s able to achieve such a bold target. On the other hand, their new map and timeline seem to be a great start towards achieving such goals.
The launch of Tron’s Main Net did not have a massive impact
Tron’s Main Net was launched on May 31, and its rollout didn’t trigger such a significant effect on Tron. According to CoinMarketCap, Tron is trading at $0.059212.
On the other hand, Tron enthusiasts don’t have to be disappointed because there’s excellent potential stored in Tron and there’s still time for turning this situation around as Tron has its own surprises in the bag.
Tron’s Project Genesis
For instance, Tron’s Project Genesis will be a massive part of its network development and growth. Community developers will get the chance to become a part of a reward program of up to $2 billion. According to a Medium post, Tron Accelerator already offered awards for loans for DApps made on the TRON platform.
Starting June 1st to June 24th, the normal bug bounty reward program is open to everyone with rewards that will range from $10,000 to $100,000. The reward’s value will depend on the severity of the bug.
Independence Day is just around the corner
June 25 is Tron Independence day which will mark the final departure from Ethereum’s ERC-20 token because the Tron TRC-20 coin will become the new standard for the Tron Foundation. All major exchange platforms will assist Tron holders in the process.
New major plans ahead
Q2 2018 marked the release of Tron’s Main Net with an enhanced DPos and improved performance in security and scalability.
In q3 2018, Odyssey 3.0, the Tron Virtual Machine aka TVM will be launched to offer developers the opportunity to develop smart contracts on the Tron Main Net. In Q4 2018 Great Voyage will mark the launch of the Tron P2P network and new features including sharing and multi-sig.
Tron Foundation has a lot to go through before it has the chance to stay among the top three cryptos but after analyzing its plans, we don’t believe that Justin Sun’s goal is too far-fetched.
Founder of TRON (TRX)
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.