Why TRON (TRX) Succeeds Despite the FUD

in #cryptocurrency7 years ago

TRON aims to revolutionize the entertainment industry with its advanced blockchain technology, they aim to develop their Web 4.0 which essentially gives back ownership to content creators. Now TRON has seen a massive breakout in the early days of January and has also seen a massive correction from those prices. Rumors claim that TRON is just vaporware and has no actual project being made; with claims such as a copy-pasted whitepaper and overhyping, FUD is always being spread about it. Here are some reasons why I believe TRON will succeed despite the FUD

Foundations
TRON isn't being managed like a regular cryptocurrency project, they are managed like a business. It's true TRON was over hyped because they haven't even released a testnet yet (which is launched on march 31) but despite not having launched their official blockchain yet, they have accrued many partnerships that will use their platform on release. Some of which are streaming apps like Peiwo and a public utility app called Obike. TRON has also gained recognition from the Chinese government with their National High-Tech Enterprise Qualification certificate. This means that the Chinese government recognizes the project as legitimate and has great potential.

Integration
TRON has been integrated into the streaming app Peiwo successfully. With 10 million users it is a great start for a project in its early days. TRON has also launched its new app called TRON dogs which is a replica of Cryptokitties but has a mobile app which makes it easier to access by users. Obike has also committed to using the TRON blockchain upon release; Obike will use the TRON blockchain for its bike sharing platform in Singapore which is huge in an urban environment.

Conclusion
TRON isn't a project that has its own blockchain yet, it is an ERC20 Token as of writing this and is set to launch it's blockchain around Q2 of 2018. TRON has massive potential and investing in it will require patience but in the end it will be worth it as this project could be used by many Chinese companies and could have better technology for future innovation to grow their projects on, the same as Ethereum now.

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