TRON Completes 30 Mln TRX Airdrop Ahead of Mainnet Launch
TRON has completed their 30 million TRX token airdrop to Ethereum holders as its mainnet launch approaches. The airdrop which began on April 27 was completed on May 7 with 602,881 Ethereum addresses receiving TRX.
A total of 30 million TRX tokens were dispersed into the Ether wallets containing at least 1 ETH. The airdrop was meant to both reward the Ethereum community for supporting the ERC20 TRX token and as a way to give them a taste of what TRON will have to offer.
“From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform,” Justin Sun, the CEO of TRON, posted on his twitter handle.
— Justin Sun (@justinsuntron) May 7, 2018
Sun made a 7 point direct comparison between TRON and Ethereum which showed the formers superiority at least as far the list goes.
TRX vs ETH
- 10000TPS vs. 25TPS
- Zero fee vs. high fee
- consistent coinburn vs. no coinburn
- Java vs. Solidity
- Strong extensibility vs. no ex.
- 1 billion USD developers rewards vs. no plan
- 100 million users vs. small number
In response, Vitalik Buterin added his own as number 8 taking a stab at the rival altcoin; Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content) to which Sun tweeted his thanks to Buterin.
TRON set to be a Major Competitor to Ethereum
The Tron Mainnet launch has been scheduled for 31st May. This will see the migration of the TRX tokens which currently operates on the ethereum platform as well as all dApps and smart contracts to the public TRX blockchain.
Considering the results of the testnet, TRX migration to the mainnet could be a major breakthrough for the cryptocurrency. TRON added 2,500 nodes in 31 countries and gained support from exchanges like Bitfinex, Bittrox, Zebpay, and others.
If Sun can also manage to bring the estimated 100 million users of TRON dApps along to the new ecosystem then he will have created a serious competitor to Ethereum as he has intended in his Tweets;
“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum.”
For the time being, the developers have continued to add groundbreaking upgrades to the mainnet, with the newest update including what is being called ‘bandwidth-based mode’ with the aim of increasing security against DDoS attacks.
Join Us On Telegram