Tron price sees big gains
Tron price is surging as the launch of the highly anticipated Mainnet approaches.
Tron’s founder, Justin Sun, has taken time to answer questions from the community regarding the imminent launch.
Tron’s TRX has soared in the last few days as the cryptocurrency market is recovering.
According to the Coin Thud live price charts, the Tron price is up almost 65% in the last week.
With ten days left until the scheduled Mainnet launch, many are looking forward to seeing what’s next for Tron.
TRX was also recently added to Canada’s Einstein Exchange which is undoubtedly helping the rising Tron price.
The exchange is based in Vancouver and proclaims itself as “Canada’s fastest growing digital currency exchange.”
Last week, Tron sealed its appeal in the Asian market when it was included to Indian Bitcoin exchange, WazirX.
Sun assured Tron investors assured that exchanges will always support TRX migration.
Justin Sun stated that the migration would move forward with fears of any losses, saying:
“The TRON Foundation decides that TRX only supports migration to exchanges for the sake of the safety of users’ assets and hopes that this allows ordinary users to avoid the risk of losing assets just for missing the snapshot time in the mapping snapshot mode.”
According to Sun, those who hold TRX are holding part of the resources on the whole Tron network.
After this campaign, Tron will be governed by the community as they continue to provide technical support for the Tron network.
He also cleared up questions about the TRX supply, saying:
“TRX will not make additional issues before 2021.
“The bonus TRX for package transactions before 2021 will come from the TRON Foundation.
“Afterwards, we will increase the supply of TRX at a fixed amount instead of a certain percentage.”
Another significant issue to be approached was the transaction speed when the Mainnet is up and running.
Initially, it was claimed that 10K Transactions Per Second [TPS] or more would be possible when the Mainnet is fully functional.
Sun says to achieve this, further optimization will be carried out after the launch, to improve TPS.
Speaking about the Tron Foundation’s goals for the rest of the year, Sun concluded:
“Our main goal at Q3 is to fully support third-party apps and provide third parties with stable and reliable system-level support, including high-performance pluggable smart contract virtual machines and optimized P2P network systems.
In Q4, we will focus on cross-chain communication and privacy protection.”