Project Genesis boosts up the value of TRX
The headlines of TRON continued to grab attention along the news that they are planning to set up $2 Billion reward pool for their Project Development Genesis Program. Justin Sun running this organization seems to have a clear vision of what he’s about to do by enhancing his audience and maintaining a Global Entertainment Network featuring the blockchain technology along with it.
Project Genesis to have Huge Reward Pool
This Saturday the TRON’S announced that their recent Project Genesis Program to have a reward pool of $2 billion for their fellow members i.e directors and community members. And this reward is way more than earlier promised $1 billion which was announced on Mar. 31 during the launch of the Platform’s testnet.
The owner of the organization, Justin Sun also announced via Twitter that the distribution of this Reward will be through various programs such as GitHub Plan that was initiated on March and going all the way through Dev Con later this year.
The company’s testnet on the last month deployed 2500 nodes across 31 countries and they are already ahead of their schedule. The company is also looking forward to launching main-net within May 31 which makes them six months ahead.
Justin Sun also declared the date of June 26 as the date of elections for the super representatives which also indicates the date as the end of exodus phase of the company and the transition of the company into the Odyssey. This program will also invite many users to migrate to the platform of TRON for its fair rules governing the content creation, distribution, and dissemination.
The TRON platform allows a user to make applications and build executory programs directly through blockchain. This program is giving a really tough competition to the Ethereum already. Even after this, the company is gleaned by the company whitepaper (which was obliged for plagiarism) where TRON has unveiled their vision about social media, blockchain and content storage platforms. This vision is also merging and quite similar to the vision of Ethereum in the area of content development, Dara liberation etc.
Though the journey of TRON is quite sturdy this initiative of Project Genesis could actually help the platform to get active contributors and might eventually increase its capital. The company will also facilitate mobilize support with over 16,800 members on Telegram. Justin Sun also hosts a Twitter account with a follower base of around 434,000.
TRX Price Levels
The value of TRX went up to $0.042 per coin according to the recent data. It showed a steady growth of 5.1% on Monday itself. The value has already grown 23% more than the previous week and is expected to grow more. TRX which is mentioned along with the huge cryptocurrencies like Bitcoin, Ethereum was currently valued at 0.000005 BTC and 0.000082 ETH.
According to the current data, The TRX is at the 14th position as per the Market cap with a huge capital of $2.8 billion. It’s daily trade volumes equals to $354.6 million according to the CoinMarketCap. South Korea’s Upbit consists of 20% of daily exchanges through TRX and was one of the largest markers for the TRX. The OKEx also has the one-fifth of the daily trades through TRX. Other major Platforms that trades TRX are Binance, Huobi, Bithumb.