The Tron (TRX) project recently celebrated its 1 year anniversary during the launch of the Tron Virtual Machine on the 30th of July this year. This same date was Justin Sun’s birthday to which the crypto-verse responded by wishing him many more with blessings to take the TRON project even further.
Looking at the current value of TRX of $0.029, one is tempted to say that the digital asset is highly undervalued in the markets considering all the achievements made in a span of one year.
Successful TestNet and Mainnet launches
The Tron Mainnet has been running smoothly since the Genesis block was launched on the 25th of June. There has been no cases of serious vulnerabilities on the platform thus far. As a matter of fact, the Tron Foundation welcomes the discovery of security vulnerabilities and they have a wonderful bounty program for the veteran security experts out there.
Justin Sun and The Tron Foundation had mentioned the BitTorrent platform 8 times in the project’s whitepaper. This was some form of foreshadowing as to the intentions of the project’s CEO in acquiring BitTorrent. Sure enough, BitTorrent now is part and parcel of the Tron Project and plans are underway of integrating its over 100 Million users, into the Tron Ecosystem through Project Atlas.
1,500% in Gains for Initial Investors to Date
The Tron ICO began on the 31st of August with 1 TRX being valued at $0.0019. Using the current TRX value of approximately $0.030, this is a Return on Investment of 1,478%.
Pornhub subscriptions using TRX
TRX can now be used to pay for Pornhub subscriptions on the adult site. This means that TRX will continue leading the way in crypto-adoption. One benefit of TRX being accepted as a means of payment on Pornhub, is that the site gets an average of 81 Million unique visitors in a day. This is according to 2017 data.
Majority of the visitors – in decreasing percentage for the year 2017 – were from the countries of the United States, United Kingdom, India, Japan, Canada, France, Germany, Australia, Italy, Brazil and Mexico. These are the same users who will now have the option of using TRX to pay for their subscriptions.
1 Billion TRX Coin Burn During Independence Day and locking up of 33.25 Billion TRX
The Tron Foundation confirmed that they had done a 1 Billion TRX Coinburn immediately after the Mainnet was launched on the 25th of June. This act lowered the total TRX to 99 Billion further reducing investor fears of an over supply of TRX.
The Tron Foundation later locked up 33.25 Billion of their own TRX to further guarantee the circulating supply. The TRX is locked up in 1,000 traceable TRX addresses up until January 1st, 2020.
Summing it all up
The Tron project and TRX cryptocurrency have come a long way in just one year. The achievements of the project in this time period are enough to push it higher on the list of most valuable cryptocurrencies according to coinmarketcap.com. However, this has not happened thus making us conclude that TRX is currently seriously undervalued right now.