As Tron (TRX) prepares to go live with its MainNet launch that’s scheduled for May 31st, CEO, and founder of Tron, Justin Sun is building coverage and interest by rewarding the TRX society with what he calls ‘TRX candies.’ The TRX airdrops or candies are received by individuals who invite friends to the Tron Telegram Channel. With the TRX airdrop giveaway currently ongoing, what you need to do to become a beneficiary of this giveaway is follow the link allocated and enter your appropriate ETH wallet details.
Insignificant Payout, Significant Marketing Gains
Everyone undoubtedly welcomed the airdrop giveaway as a generous gesture meant to appreciate Ethereum for providing the essential assistance for the ERC20 complaint before the inauguration of the upcoming MainNet. However, it’s the message, and attention the ‘TRX candies’ giveaway draws, the marketing advantage Tron currently enjoys ahead of the crucial launch of MainNet.
At the time of writing, TRX is trading at $0.063 with a total market capitalization of approximately $5.5 billion. A decrease of 1.63% in just 24 hours. This puts the total worth of the airdrop to an estimate of $2.5 million. The popularity of the coin and investor confidence is set to get a boost following South Korea’s decision to make ICOs legal.
However, it’s evident that young people who are getting into the market are standing on the sideline of virtual currency, waiting for the hype to die down. The older generation investors are the ones consuming the Wall Street advice; they have limited understanding of how cryptocurrency works.
Tron’s Hype Machine
With every other Altcoin in the cryptocurrency ecosystem competing against Ethereum (ETH), any positive price change on ETH creates a lot of anxiety and talk among investors. This is because its one of the strongest and stable coin in the market at the moment, and as its normal for critics, they choose to look more at the flaws rather than the gains.
Following the completion of Tron’s airdrop to Ethereum user base, cryptocurrency enthusiasts are anxiously waiting to see whether Ethereum’s worth and prices are maintained or the recent appreciation was attributed to the airdrop. Tron has been and is still gaining impetus, and a bull run looks to be in the offing.
It’s never easy distinguishing fact from fiction when it comes to Tron. Tron’s blockchain has many people excited about the future of online content creation and distribution. However, an infringed whitepaper and rumors that Justin Sun had sold more than 5 billion TRX coins have made some investors uncomfortable with the blockchain.
2 TRX giveaway? You guys are crazy to spend that much for a giveaway! pic.twitter.com/epv59orW58
— Wahid Fayad (@wahidsvlogs) May 23, 2018
The investors voiced their displeasure over Tron’s marketing strategies and controversies. They argued that the blockchain should allow its platform to speak for itself and avoid marketing gimmicks like the recent TRX giveaway as empty, propaganda-based marketing that takes away more than it contributes towards the MainNet launch. Even so, what the protestors fail to consider is that there is nothing like bad publicity.
Tron continues to generate commendable recognition for its growing acquisitions and strategic partnerships with barely a month, and just recently, Tron announcing they would be partnering with vSport in creating a prediction platform for this years FIFA World Cup. Right on the money!
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pxhere.com
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