TRON News: Justin Sun (founder and Chief Executive Officer of Tron Foundation) tweeted a suggestion to developers to migrate their tokens from Ethereum [ETH] into Tron [TRX] on November 25. Sun provided four reasons why migrating to the bearish market is a smart decision.
According to market capital, Ethereum has lost its 2nd place to XRP. ETH’s price point is now 91% below its peak. It trades at $113 and has gained 7.35% in the last 24 hours. Sun is promoting the fall and inviting ETH developers to his platform.
Sun cites as reasons the transaction fee and migration cost will be zero. Sun also mentioned TRON’s transaction per second, and that the token price will increase with increased liquidity.
Tron founder, who was born on November 24, just one day before, tweeted:
“In today’s bloodbath, we must not forget that nothing has changed. #blockchain #bitcoin #DAPP are the future, and #TRON will decentralize Internet. We have never seen such a dramatic increase in #TRON 6 months data before. Please check the data after 2 years! #TRX $TRX
Reaction of the market
Sun’s straightforward approach has drawn mixed reactions from the markets. Some people approve of Tron’s straightforward approach, while others doubt Tron’s ability to achieve their goal successfully.
Reddit user Acidwyrm said:
“Tronix has never missed any deadlines, does 2000 TPS, zero tx fee… It outperforms ETH in every aspect from a technical standpoint. All crypto has slow adaption. His comment was not accurate. Do some research to find out for yourself.
Jkazoo, a Reddit user, stated:
Tron is a collection of ripoffs from other things. There was no other way they could have done it so quickly and met every deadline. Although it might be successful, there is nothing extraordinary about it. It seems centralized with all the super reps, rewards, price-price, money-money, money. Increased token value ….. Trying to find out what it’s good for in real life, other than gambling.
Meanwhile, this will not be the first attempt of Sun’s to invite developers on its platform, more often than not, he has had noted the troubles with Ethereum that are not present on the Tron Network.