Why Should You Own TRX for Long-Term Investment?
TRON is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. The price of TRX remains strong despite the massive price dip a few days ago and the constant snarky critics from the competitors. TRON is, no doubt, a unique crypto asset that is worth paying attention as it has accomplished more than its short life than any other projects in the crypto space. Other than that, there are several reasons why you should own TRX for long-term investment.
Disclaimer: This article should not be taken and viewed as investment advice, but only information and opinions. This article is for information and illustrative purposes only.
Why Should You Own TRX for Long-Term Investment?
TRON’s team is now constructing a global free content entertainment system. TRON allows users to freely publish, store and own data based on the concept that creative industries should be mainly driven by the pursuit of quality of art.
John McAfee once tweeted that “Tron is a long term Hodl. Those who are flipping it are losing out”.
Tron is a long term Hodl. Those who are flipping it are losing out.
— John McAfee (@officialmcafee) December 26, 2017
There must be strong reasons behind why TRON is backed by so many influential people. One of them is that the team behind Tron is still growing and are actually working on the project, as opposed to many other regular pump and dump scams in the crypto space.
TRON (TRX) is increasing in value owing to the team behind the project. First, let’s look at Justin Sun, he is celebrated as the founder of the Chinese largest live streaming app, PEIWO. The app has over 10 million users and it is also recognized by China’s Ministry of Science and Technology + the Ministry of Finance and State Administration of Taxation as a certified National High-Tech Enterprise in China. Not only that, Sun was mentioned in the Forbes Asia 30 Under 30.
Part of the success comes from the brilliant leadership. Sun is a fearless and a transparent leader of TRON, of which he manages to position and promote the project in the best way and communicate with TRON’s fans. Tron and Justin are active on Twitter and transmit the most up-to-date information to the community. He has been able to create the great story of the project involving the resources of investors, the attention of media and powerful partners.
The current TRON team radiates out from Beijing to Seoul, Tokyo, the United States and many other countries and regions, totalling more than 100 members. Every single one of the members are highly qualified in their field of work. One of the worth-mentioning key members is Lucien Chen. He is currently the CTO of the team and he has served in many first-tier Internet companies such as Netease (NASDAQ: NTES), Youdao, Tencent (00700.HK), Qihoo 360 (NASDAQ: QIHU) and SM search (Alibaba P8 +).
We have seen many come-and-go projects in the crypto world, but TRON is going to stay under the strong leadership and team members.
Popularity and Partnership
TRON, in our opinion, is a world-class project. We have seen a surge of support and partnership ever since the beginning of the project. The team is busy building partnerships with reputable companies in different sectors such as social media, gaming, virtual gifts, and bike sharing and creating real value for TRX token through these partnerships. Some strategic partners are listed below:-
- Hydro Protocol
These companies represent tens of millions of active users from a variety of different entertainment and consumer markets. The TRON mainnet will be hosting tens of millions of active users and over a million token holders. Looking around, there aren’t many other cryptocurrencies have similar amounts of active users.
Mainnet (Odyssey 2.0) and Independence Day
TRON’s Mainnet will mark the advent of the cryptocurrency functioning on its exclusive blockchain. Once the Tron network is detached from Ethereum, its ability to scale will be infinite. As we all know, blockchain scalability has always been a problem. For example, the on-chain transaction processing capacity of the bitcoin network is limited by the average block creation time of 10 minutes and the block size limit. That limits the transaction processing capacity between 3.3 and 7 transactions per second, of which it is a struggle to put bitcoin’s practicality in our real world.
Thanks to its PoS-based TBFT consensus mechanism, it will be able to verify over 1,000 transactions per second and leaves Ethereum in the dust. This number is significantly higher than the number of transactions that bitcoin and Ethereum can handle at the time of writing. Subsequently, the abovementioned partners will be fully integrated into the new network, more uses of TRX token, and higher trading volume in the near future. That will trigger more partnership and bring TRON into an exponential growth.
The launch will include the TRON virtual machine (TVM), which will allow smart contracts development in multiple languages, including Java, which will then be compiled into byte-code by the TRON compiler. The Tron smart contracts will also be lightweight, and very scalable, which is guaranteed to see a surge in the number of developers looking to launch their smart contracts using this platform.
Note: The TRON Protocol Odyssey 2.0 will be released on May 31, whereas Independence Day marks the day TRON become totally independent from ERC20 token, of which will happen on June 25. More information can be found on Tron Labs’ blog.
In short, once TRON goes through its independence day on June 25, all we will see is growth and more growth.
Why TRX a Long-Term Investment?
TRON is a real cryptocurrency that provides real value and is dedicated to improving the world. it will be one of the most competitive blockchain platforms.
The team also released a recruitment program known as Super Representative (SR). In other words, TRON goes even more in-depth with its plans to enhance the ecosystem of their future Mainnet. With this initiative, several organizations around the world are participating in the SR election and 27 SRs are going to be elected. These SRs will be the TRON network guardians and will actively take part in both the calculation and validation of the network.
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
The main objective of this move is to create a long-term decentralised community of developers and investors and may not have any bearing on immediate price fluctuations. The main idea behind SR is they should service the community well and provide incentives to the voters to keep supporting them.
The TRON project sets its gaze for the long-term, with a series of phases starting with Exodus in 2017 leading to Eternity in 2023. The short-term spike in price might seem like a sudden erratic bull run, but the project definitely has more than enough momentum to carry it for the next few years regardless of token price.