Startups Flock to TRON DApp Ecosystem Ahead of Mainnet Launch
The TRON (TRX) DApp ecosystem has been quickly gaining significant traction ahead of its mainnet launch which is scheduled to be released on May 31. The hype doesn’t come solely from PR firms or TRON investors, but instead through growing adoption and buzz-creation by startups building on the network.
In a recent article by TRON Labs, which focuses on TRON’s popularity on YouTube internationally, the project reports that there are over 20 startup teams currently developing on TRON. With such popularity, many now speculate that it is just a matter of time until TRON decentralizes the web and TRX gathers more momentum in the market.
TRON CEO Justin Sun previously announced that TronVM v.0.1 is going to be released on May 25, emphasizing the excitement he and his team share for the major milestone. The new virtual machine will allow the old TRON DApps initially built for Ethereum to function on the new MainNet. In an effort to make the transition smooth and hassle-free, a reward program was also announced for developers who move from the Ethereum network to TRON.
Backed by a young, professional, adaptable team, $TRX is officially in #crypto top 10, aiming for top 6. Stay tuned for 5/25 TronVM 2.0, 5/31 Mainnet, 6/26 SR Election, and more. 2018 is just the beginning. Watch us take the world by storm. #TRON https://t.co/1X0PNGKnEH pic.twitter.com/D1wqeMlmqy
— Justin Sun (@justinsuntron) May 9, 2018
Market enthusiasts and investors are looking forward to the prompt launch in the hopes that it will trigger a bullish run for the cryptocurrency. Recently, certain exchanges such as Bitfinex, Bit-Z and Bitrex have decided to freeze TRON holdings for the time being, in order to support the upgrade. Bitpie Wallet also announced their readiness to support TRX’s mainnet launch and upgrade.
More About TRON
TRON (TRX) is a cryptocurrency-based localized platform founded by the Tron Foundation, a Singapore-based non-profit organization headed by Justin Sun. TRX was originally developed as an ERC20 token on the Ethereum network but plans to launch a mainnet this June. The virtual currency seeks to build a free, content entertainment network that will use localized distributed storage networks to reduce the cost of sharing digital content.