Time To Grab Some Cheap Tron (TRX) as Deposits and Withdrawals Resume On 6 Exchanges
Unbeknownst to many outside the Tron (TRX) community, TRX withdrawals and deposits have not fully resumed in the many cryptocurrency exchanges that are supporting the token migration. One is tempted to assume that the process of migration is as easy as turning on a light switch, but the process must involve a lot of software coding, integration through the various Tron Virtual Machines as well as auditing what is being converted to the new blockchain. We are not software gurus, hence why we let the exchanges deal with the migration.
Many TRX HODLers have expressed some dissatisfaction with exchanges such as Binance that are yet to resume TRX withdrawals. Some HODLers have not had a chance to vote for the Super Representatives. However, the dissatisfaction has not reached the levels of anger. No. It seems the Tron believers are comfortable being patient with the process for they know on thing that will happen once deposits and withdrawals resume.
The feel and mood of most TRX believers is that once withdrawals and deposits resume fully, is that TRX will have no other option than to Moon. The reasons for TRX to moon are plenty but let us highlight 3.
Firstly, the Tron Foundation locked up 33.25 Billion of its own TRX in 1,000 traceable and soon to be viewable accounts. This means that a TRX hodler need only query an address to know if the TRX is still there. What this lockup does, is guarantee that the circulating supply of TRX will remain at 65.75 Billion at least till January 1st, 2020. Therefore, investors can do their calculations and project the value of TRX by then and buy in en masse.
Secondly, the MainNet is currently running smoothly. There has been no reports of any glitches from the Super Representative candidates currently running nodes on the network. This is unlike what happened with EOS as soon as it was released. EOS had a bunch of bugs. It has a constitutional problem right now. But TRON, is cruising through this first days of its live MainNet like a warm knife on butter.
Thirdly, is the Pornhub issue. Let us throw our morals out the window for a while and ask ourselves why the adult industry is interested in TRX. Porn has had a track record of identifying emerging technologies before anyone else in the other industries. Take for example the VCR, the DVD, WebCams, Virtual Reality and now TRX. They know accepting TRX payments is wooing Porn related DApps on the TRON network. We shall not be surprised if one is released withing the next 6 months. Besides, TRON was initially intended to be an entertainment network.
Speculation aside and let us count the exchanges that have resumed withdrawals and deposits. They are currently only 6 according to the Tron Foundation. These are:
The initial list of exchanges supporting the token migration was 52. This means we have 46 that are yet to resume withdrawals and deposits. Therefore, there is still some time to grab some cheap TRX.
Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. The author is not a financial adviser. Please carry out your own research before investing in any of the numerous cryptocurrencies available.