Tron Mainnet launch, take-off today or in a month?
Coin of the day is Tron.
Getting back to Tron after its failed attempt to break Bearish pattern on 21 May.
Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system being built will use distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017.
Tron uses features of both the blockchain and peer-to-peer (P2P) network technology to bridge the gap between consumers and content creators by eliminating the middleman. Services such as Youtube make hosting a media project an extremely difficult and costly process. Tron’s technology aims to remove the middle parties such as the Apple and Amazon stores gives creators the ability to control who gets access to their content and how much to charge without the additional fees the stores charge.
Reward system is based on the ER20 cryptocurrency altcoin named Tronix (TRX). The TRX altcoin can be used by content consumers to pay for the content they want to view. The TRX altcoins earned will be deposited into the content producer’s wallet.
Latest news
31 May at 3:00 UTC – Mainnet (Odyssey 2.0) launch
Justin Sun twit: “Mainnet is awake! Our journey to independence begins. Stay tuned to Twitter for the livestream conference in less than 1 hour...”
The launch of the Odyssey 2.0 system promises faster transaction throughput, and additional features allowing third-party distributed apps.
Also, the launch was accompanied by conference, where Justin Sun announced that they are preparing for building the entire system of Super Representatives in less than a month when the elections are scheduled. So, this months will be a testing period for mainnet before the official launch of the TRON protocol- a standalone network, planned on 25 June.
Technicals
After failed attempt to take 0.00001 level TRXBTC went into correctional movement and returned to the Global Bullish Trend Line. Rebound from Global Bullish Trend Line zone would fit into started on 2018.03.20 uptrend. A breakthrough above the Global Bearish Trend Line will confirm a take-off scenario, the further target will be 0.00001 psychological resistance. Supporting levels for the uptrend scenario will be in the 0.000007 – 0.000008 zone. An alternative scenario, if bulls will decide to wait until the 25 June, is lateral movement in the 0.00008 – 0.00001 channel.
Getting back to Tron after its failed attempt to break Bearish pattern on 21 May.
Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system being built will use distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017.
Tron uses features of both the blockchain and peer-to-peer (P2P) network technology to bridge the gap between consumers and content creators by eliminating the middleman. Services such as Youtube make hosting a media project an extremely difficult and costly process. Tron’s technology aims to remove the middle parties such as the Apple and Amazon stores gives creators the ability to control who gets access to their content and how much to charge without the additional fees the stores charge.
Reward system is based on the ER20 cryptocurrency altcoin named Tronix (TRX). The TRX altcoin can be used by content consumers to pay for the content they want to view. The TRX altcoins earned will be deposited into the content producer’s wallet.
Latest news
31 May at 3:00 UTC – Mainnet (Odyssey 2.0) launch
Justin Sun twit: “Mainnet is awake! Our journey to independence begins. Stay tuned to Twitter for the livestream conference in less than 1 hour...”
The launch of the Odyssey 2.0 system promises faster transaction throughput, and additional features allowing third-party distributed apps.
Also, the launch was accompanied by conference, where Justin Sun announced that they are preparing for building the entire system of Super Representatives in less than a month when the elections are scheduled. So, this months will be a testing period for mainnet before the official launch of the TRON protocol- a standalone network, planned on 25 June.
Technicals
After failed attempt to take 0.00001 level TRXBTC went into correctional movement and returned to the Global Bullish Trend Line. Rebound from Global Bullish Trend Line zone would fit into started on 2018.03.20 uptrend. A breakthrough above the Global Bearish Trend Line will confirm a take-off scenario, the further target will be 0.00001 psychological resistance. Supporting levels for the uptrend scenario will be in the 0.000007 – 0.000008 zone. An alternative scenario, if bulls will decide to wait until the 25 June, is lateral movement in the 0.00008 – 0.00001 channel.
