TRON (TRX) Mainnet Goes Live Today, Markets Not Impressed
TRON (TRX) is presenting its mainnet today, preparing for building the entire system of Super Representatives in less than a month, when the elections are scheduled. Justin Sun started presenting the features of the new network.
The launch of the Odyssey 2.0 system promises faster transaction throughput, and additional features allowing third-party distributed apps.
Unfortunately, the long-awaited launch event did not do much for the TRX market price. The asset slid another 5% to $0.061, potentially continuing the downward trend as trading volumes were never lifted to real hype levels. TRX trades at a very slight premium against the Korean Won on Upbit, at $0.062.
The Odyssey 2.0 TRON protocol was live a few hours before the mainnet announcement, available on GitHub. And while the launch announcement itself was not seen as much, given TRON’s propensity to loudly mark milestones, many believe the full ecosystem would finally allow partnerships with Alibaba (NYSE:) or similar large partners.
At the moment, some Reddit users are even skeptical that the launch is a true feat for TRON, since the tokens are not officially swapped, and there are no elected Super Representatives to secure consensus.
“It’s just config file changed from Test to Main Net. Essentially just Testnet 2.0 which will be running and testing for 3 more weeks till Coin is Swapped and Trx20 run on its own network,” wrote Redditor owldie.
From now on, the campaign for Super Representatives may work to the benefit of TRX, as entities compete to take up the potentially rewarding role. The candidacies include God, a strange fork from the end of 2017, but also, paradoxically, representatives from the TRON team itself:
Until June 26, a process of sifting through the candidates and scoring them will go on, according to predetermined criteria published in April. TRON is attempting to unite the community and achieve one of the most complex feats of governance in the crypto space.
The only similar project with elections will be that of EOS, which needs to select 21 Block Producers – and also has a long list of candidates to sort through.
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