TRON Airdrops 30m Tokens in ‘Fond Farewell’ to Ethereum

TRON Airdrops 30m Tokens in ‘Fond Farewell’ to Ethereum

With just over a month to go before the team behind TRON launches its own mainnet, the company is airdropping 30 million of its TRX tokens to Ethereum holders.

At current market values of around $0.05 per token, the give-away equates to approximately $1.5 million.

Recipients of the airdrop will need to have been an active user of Ethereum from the start of this year and hold a balance of 1 ETH or more on April 20th. A random amount of tokens between 10-100 TRX will be sent to each account holder.

Ethereum Issues

After raising $70 million in an ICO last September, TRON has enjoyed a well-publicised rise in fortunes, since achieving a market capitalisation of just under $3.5 billion and is now ready to strike out with its own proprietary platform.

In a recent social media post Tron Labs explained that “Ethereum played a vital role in TRON’s early stage development, and we want to express our appreciation through this airdrop event.”

However, they also went on to promote their own platform with a swipe at their predecessors by mentioning “… we have also discovered many issues and bottlenecks during our time on the Ethereum platform. When we see a problem — we set out to solve it.”

The critical comments follow a Twitter spat between Vitalik Buterin and Tron founder Justin Sun earlier this month. Sun listed several reasons why he believed Tron was superior to Ethereum with Buterin countering with what appeared to be a masked accusation of plagiarism, referring to Tron’s alleged lifting of portions of the IPFS and Filecoin white-papers. 

Vitalik Tron Twitter Comment

Tron describes itself as a decentralised network for digital content which is setting out to give content creators the ability to bypass traditional middlemen such as the Apple and Google playstores. 

In its blog post, Tron Labs state that “TRON wants to provide TRX to the Ethereum community, so people have a chance …. to vote [in its] TRON democracy.”