TRON (TRX) Prepares for SunNetwork on August 10
The SunNetwork will be a new, no-fees transaction platform to support scalable distributed apps.
TRON (TRX)is days away from launching theSunNetwork, a speedier solution for distributed apps, smart contracts and cross-chain activity. SunNetwork will also include DappChain, a sidechain system for the speedier functioning of distributed apps. The chain will use an abbreviated, simpler consensus mechanism of Witnesses, thus verifying each transaction much faster.
The official launch of the DappChain and SunNetwork is August 10. But another milestone, September 15, was immediately set for optimizations to the network.
Unfortunately, the news failed to lift the TRX market price too far, as it remained stagnant near $0.022 and traded low against Bitcoin (BTC). TRX also lost positions after co-founder Justin Sun postponed the charity lunch with Warren Buffett.
It remains to be seen if theSunNetworklaunch turns around the fortunes of TRON. As a pre-announcement, the anticipation also failed to boost the interest for TRX, as altcoins fell lower in the recent BTC rallies.
The TRON network is also busy implementing Tether (USDT) on its blockchain, while supplying a special bonus program for holding onto TRON-based USDT. Still, the rewards are relatively small as only a limited amount of TRON-based USDT is held in trader wallets.
https://twitter.com/justinsuntron/status/1158659595465703429
In the meantime, TRON was also somewhat hurt by the latest Binance IEO, WINk (WIN). The asset fell immediately and now hovers around 3 Satoshi, a rock-bottom price, with limtied trading activity. The project, supplying blockchain-based casino games, is seen as risky and potentially breaking regulatory restrictions. The project also raises doubts about its outlandishly large staking rewards.
The TRON project also builds its influence through BitTorrent Token (BTT. The asset recently saw additional pairs added on KuCoin, one of the more active exchanges of late:
https://twitter.com/Tronfoundation/status/1158593838262304768
BTT, however, is also stagnated, hovering with a price of around $0.0007, near the price at the token sale. BTT is also down against BTC, from 35 Satoshi at the start of trading, to around 6 Satoshi now, with a sliding trend.