TRON mainnet activated, 1 Billion TRX coin burn to mark ‘independence day’

TRON (TRX) has finally migrated to its own independent public blockchain network, starting a new era for the popular cryptocurrency project headed by Justin Sun. In fact, TRON Foundation is heralding the day as the TRON Independence Day when TRON is finally independent of its parent network Ethereum and will transition to its own independent network. TRX will not be an ERC20 token anymore and will become a coin on its own blockchain. The upcoming period will be a test for TRON’s claims as a competitor to Ethereum and other decentralized application development platforms. There are also allegations that TRX codebase has been plagiarised from Ethereum and some other cryptocurrency projects. TRON will also be undertaking a coin burn where it is burning 1 billion TRX coins ($50 million worth). However, the TRON mainnet activation hasn’t had a positive impact on TRX prices as it fell around 2% in the last 24 hours and is hovering around $0.04 at the time of writing. Justin Sun has also announced a secret project reveal on July 30th which has lead to a lot of speculation among the TRON community. Currently, TRX trading is suspended across Indian exchanges. It will be interesting to see what the future brings for TRON and whether Justin Sun and team can live up to the hype.

Thumbnail Image Credit: https://twitter.com/justinsuntron/status/1011060171810803712

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