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Time To Say Goodbye TRON Offers 30 Million TRX Airdrop As Parting Gift To Ethereum

Time to Say Goodbye: TRON offers 30 Million TRX Airdrop as Parting Gift to Ethereum

Reading Time: 2 minutes by on April 24, 2018 Altcoins, Business, News
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TRON has announced that it will be carrying out a 30 million TRX airdrop to the Ethereum community via a blog post on the project’s Medium account on April 21, 2018. According to the announcement, the airdrop is a show of gratitude towards the Ethereum community for its support throughout the TRON project.

TRON is a decentralized blockchain network just like Ethereum that plans to support the development of numerous decentralized applications (DApps). TRX is the native currency of the TRON project.

Details of the Airdrop

The TRON airdrop is for Ethereum holders who have a balance of at least 1ETH on April 20, 2018, at midnight (UTC) which corresponds to block 5471198 and users on the Ethereum blockchain who send or receive ETH between midnight of January 1, 2018, and midnight of April 20, 2018. TRON plans to collate the data over the course of a week after which the airdrop token distribution will commence.

The 30 million TRX tokens earmarked for the airdrop are currently valued at approximately $1.7 million. Each chosen account will receive a random TRX amount between 10 and 100 TRX. Ethereum users do not have to undertake any activity to be part of the airdrop as the TRON team will handle all the logistics. TRON has also stated that it will not solicit wallet addresses from anyone and that users should report any suspicious activity related to the proposed airdrop.

No Longer an ERC20 Token

The launch of the TRON testnet signified that the project would no longer be hosted on the Ethereum network which meant that it was leaving the ERC20 platform to develop their mainnet architecture. The mainnet is expected to be fully developed before the end of May 2018. TRON was part of an ensemble cast of projects on the Ethereum Network which include EOS, ICON, and VeChain just to mention a few.

Critical of the Ethereum Network

While TRON is gifting Ethereum holders with TRX tokens, the project remains critical of the network. Despite acknowledging the role played by Ethereum during the formative period of the project, the TRON team asserted that many issues and bottlenecks are plaguing network. As a result, the project wants to move their legacy platform where it can deliver premium decentralized network service solutions.

Competing with Ethereum

Speaking during the launch of the TRON testnet, Justin Sun, the founder of TRON said that the project was going to be a direct competitor of Ethereum. Justin Sun further went on to say that:

“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. I will explain to you why we can surpass Ethereum in the future.”

There are already the makings of a rivalry brewing between TRON and Ethereum as Vitalik Buterin; the Ethereum co-founder alluded to some projects as having “no soul.”

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