Tron Announces 30 mln. TRX Airdrop to Ethereum Community April 21, 2018 April 21, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
NewsApril 21, 2018 by Kelly Cromley

Tron Announces 30 mln. TRX Airdrop to Ethereum Community

In a show of gratitude, Justin Sun, founder of Tron (TRX), has announced that TRON will airdrop 30M TRX to the Ethereum community. The airdrop is for the support shown to Tron during its ERC20 phase, in addition to preparing for the Super Representative Elections after mainnet launch. TRON will airdrop 30M TRX (equivalent to approx. USD$1.7M) to ~600,000 accounts that have a balance of over 0.1 ETH. Each account will receive an average of 50 TRX (a value between 10 TRX — 100 TRX will be randomly selected for each user).

Justin Sun appreciated Ethereum network for playing a vital role in its development. In appreciation of the support, Tron is conducting the airdrop event. Sun, however, pointed out that they were able to discover several issues and bottlenecks during their time on the Ethereum platform. As a person with progressive thoughts, Sun, along with his team of developers, has taken the path to resolve the issues. By providing TRX via airdrop, Tron believes the Etheeum community will have a chance to experience the higher TPS (Transactions per second) development platform and at the same time “use TRX to vote, becoming a part of the next generation decentralized network and the TRON democracy.”

Preconditions for receiving TRX cryptocurrency

1. Any account on the public blockchain that transfers or receives ETH from April 1, 2018 00:00:05 +UTC — April 20, 2018 00:00:04 +UTC (block 5,357,795 to block 5,471,198).

2. Account has an ETH balance of over 0.1 on April 20, 2018 at 00:00:04 +UTC (block 5,471,198).
Tron expects to complete data collection within one week and distribute TRX shortly after. The TRON team will handle all processes for the airdrop event. There is no action required on the part of Ethereum users.

Justin Sun and Vitalik Buterin, the creator of Ethereum, were engaged in a bitter twitter fight a week before. The issue started when Sun listed the advantage of Tron over Ethereum. Buterin, responded with a sarcastic comment about plagiarism in Tron’s white paper. The airdrop can be seen as an effort by Sun to lure Ethereum supporters.

Earlier yesterday, cryptocurrency exchange Bit-Z stated that the migration from ERC20 tokens to TRX, the cryptocurrency on Tron’s public blockchain will begin on 2018, June 21 (UTC/GMT+08:00)., the ERC20 token will no longer be tradable and Bit-Z will be supporting TRX transactions on the main net. The TRON main net will be launched on May 31st, 2018.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.

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