Yesterday marked Tron (TRX) independence from an ERC20 token to an independent blockchain. While this was a big deal in itself, the Tron team started the new journey on a high note with a 1 billion coin burn. According to Justin Sun, Tron distributed a total of 99,000,000,000 tokens, which is one billion less. This is a big deal for all Tron (TRX) holders because it means that the demand for tokens is now chasing a lower supply, which gives the TRX tokens a greater upwards momentum.
But there is more to the long-term value of Tron (TRX) than just the coin burn. The Tron (TRX) blockchain is aiming to create a decentralized internet. According to Justin Sun, when compared to platforms like Ethereum, Tron is like Microsoft, while Ethereum is like IBM. To quote him, Tron founder Justin Sun stated that,
“Ethereum is like IBM back in the day, making those big supercomputers. And I am not saying that Ethereum does not have robust technology, but I am saying that Ethereum is just like IBM. They only focus on user experience.”
Essentially, Justin means that Tron is looking to build a blockchain that is ideal for everyday use. Or rather one that creates Dapps that can be used for everyday applications. This vision looks set to come true with the kinds of partnerships that Tron is making. In the last few months, Tron has entered into partnerships with strategic platforms such as Game.com, and the Hydro protocol. These partnerships give Tron an edge both in gaming, and in the decentralized exchange space, two areas where blockchain is guaranteed to have a massive impact in the future. Gaming, as an example, is a fast growing multi-billion dollar industry, and if Tron were to dominate it, the value of the TRX token will grow exponentially in the future. Mining is also going big as cryptocurrencies take center space in technology, and Tron is set to corner this market with the purchase of bit torrent.
Clearly, when Justin Sun asserts that they are building the decentralized internet, he knows what he is talking about, and this will have a huge impact on the future value of Tron (TRX). That’s why expecting Tron (TRX) to hit $1 in 2018 is not a far-fetched idea.
Besides, the Tron (TRX) main net launch and the transition has gone on quite smoothly. Up to this point, there have been no major security issues regarding the Tron (TRX) main net launch. The Tron team was so elaborate about security that they even launched a $10 million bounty for it. Exchanges too have been very supportive up to this point, with Binance leading the way.
Now that Tron (TRX) is an independent blockchain, expect an influx of Dapps to run on this blockchain in a few months. Long-term, Tron (TRX) has the potential to hit $10. It’s only a matter of time.