TRON (TRX) is just days away from launching its mainnet testing phase – so the public will be able to see what this technology can achieve. Usually when major milestones like this are impending, coin enthusiasts hope and pray that the newsworthy buzz will be a boost to their favorite coin’s price. Will that happen with TRX when the testing period of its full-blown platform begins next week?
Details of the TRON (TRX) launch
June 1st will be the big day – when the mainnet test version hits the internet. Until then, between today and May 31st, the team will be completing mainnet function testing and wallet product testing, along with blockchain explorer testing.
After that, there will be a testing period between June 1st and June 24th. On June 25th, the Genesis Block will be officially launched, and that is when the great token migration will happen – meaning that the ERC20 TRX tokens will be transferred to TRON coins.
If your TRX coins are in an exchange, you should be fine – but double check this blog post to make sure you have all your ducks in a row before you participate (if you want to).
Will TRON see a bump in its price as a result?
Probably not (TRX holders probably just gasped) – but hear me out. The market is in a gradual decline and things are not looking up. The bear market is in full force, and any standard product test version launch won’t be enough power to turn things around for this particular digital currency (it’s currently trading flat). The crypto market doesn’t work like that, as much as we’d love it to.
Here is my proof: Ontology (ONT) just had a mainnet launch this week and their price only slightly blipped higher before settling back down after a couple of days. Similarly, QTUM is tanking right now despite the launch news that just broke.
Sorry, guys – but you never know, TRON may actually soar in the coming days. I guess we’ll see.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.