Just four days ago, the Tron (available on Binance) Foundation launched the first part of their team’s lofty project roadmap to decentralize the internet and give the power back to the creators. Tron (available on Binance)’s ICO concluded back in September of last year and has been highly criticized for how long it has taken the team to release a Tron (available on Binance) test net. Many investors, jumped on the TRX train when the coin shot up in price in mid-December through to mid-January but they were quick to criticize and sell when the coin took a nosedive of nearly -80%, in less than two weeks. Many new crypto investors jumped on aLTCoins seeing major gains due to “FOMO”, without actually researching the project or its roadmap.
The Tron (available on Binance) test net is the very first step for the team and it has been long awaited. Last week in the ramp up to the launch, TRX jumped nearly 75% in its price reaching above $0.0514 – the highest in weeks. During the test net launch, however, TRX corrected and it seems investors took their profits from the recent spike.
In three days, the Tron (available on Binance) team launched 126 nodes in 5 different continents. The majority of which were in the United States but China is currently running 24 nodes on the Tron (available on Binance) network currently. Positive news for the test net launch. The main net for the Tron (available on Binance) Foundation was moved up and will be launched on May 31st, of this year.
Principal Jack Ma’s vision for Hupan University spans 3 centuries, even longer than the Alibaba vision—102 years. We’ve only completed 1% of the Hupan journey. As the first millennial graduate, I’m confident that #Tron (available on Binance) will be around for centuries to come. #TRX $TRX pic.twitter.com/xNBdfkeCBu
— Justin Sun (@justinsunTron (available on Binance)) April 3, 2018
Justin Sun just announced some huge news that he graduated as the first millennial graduate from Hupan University. Hupan University is founded and run by Jack Ma, the co-founder and executive chairman of Alibaba Group (NYSE:BABA). You can also view the Tron (available on Binance) Testnet Announcement Transcript via Medium, here. It is highly likely the coin could see similar price gains in the weeks leading up to the main net launch in May.
At press time, TRX is trading at $0.0349 a coin, up 0.60%, in 24 hours.