TRON leaves Ethereum network! How this will affect prices of of both coins?

[Pamplelune]

Tenth Largest Crypto TRON to Leave Ethereum, Launches Beta Version of Own Blockchain

TRON (TRX) launched a beta version of its independent public blockchain at 12 am UTC, today May 31.
Tron is currently the tenth largest cryptocurrency by market capitalization.

The move to Tron’s MainNet – also dubbed Odyssey 2.0 – is part of a transition away from the Ethereum blockchain.
The full launch of the network’s Genesis block is set to take place on June 25, styled ‘Independence Day’ by the TRON foundation.

Token ‘migration’ will take place between June 21 and June 24, during which investors will be able to exchange their ERC-20 standard tokens on crypto exchanges for an equivalent number of TRX on the new blockchain.

How this will affect prices of TRON, ETH and Odyssey as well?

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[dimonarka]

TRON provides users with a completely free and reliable platform for the publication, storage and distribution of photos, audio, video and other data. The platform has open source code and uses the Ethereum network block.

[BQ]

TRON provides users with a completely free and reliable platform for the publication, storage and distribution of photos, audio, video and other data. The platform has open source code and uses the Ethereum network block.

What is the meaning of your post?

I don't see why TRON leaving Ethereum will do anything to the price at all.
TRON is a token which people buy with ETH, BTC or USDT - that's all, regardless of it being an ETH token or not.

EOS is leaving aswell, and will do nothing by itself -
but, due to the EOS team having lots of ETH to dump from the ICO, so that will drive the price down.

Tokens doesn't add value to the network itself apart from having to be transferred between wallets.
If all tokens were to leave for a better platform however, that's another question!

Generally you can consider the term 'priced in', when news are released people are already invested for upcoming releases, so it might just dump!  

[Pamplelune]

TRON provides users with a completely free and reliable platform for the publication, storage and distribution of photos, audio, video and other data. The platform has open source code and uses the Ethereum network block.

What is the meaning of your post?

I don't see why TRON leaving Ethereum will do anything to the price at all.
TRON is a token which people buy with ETH, BTC or USDT - that's all, regardless of it being an ETH token or not.

EOS is leaving aswell, and will do nothing by itself -
but, due to the EOS team having lots of ETH to dump from the ICO, so that will drive the price down.

Tokens doesn't add value to the network itself apart from having to be transferred between wallets.
If all tokens were to leave for a better platform however, that's another question!

Generally you can consider the term 'priced in', when news are released people are already invested for upcoming releases, so it might just dump!  

1) TRON transactions are ERC20 transactions, and you probably know that transaction fee - is ETH miners salary;

2) it's not about trading pairs on exchanges, but probably about millions of new TRX wallets which will appear on all exchanges that support TRON;

3) And of course tokens add value to the blockchain network:
- first of all with vast amount of new transactions;
- the second - trading much more actively with the blockchain pair;
just watch hundreds of ICO ERC20 tokens on exchanges, and see which pairs are more active BTC or ETH 

4) In my opinion EOS is a shady project, so let's discuss it in another thread...

[qazgroup]

I think this has nothing to do with eth so it will not effect eth, while trx price can be effected if there are bugs or any other discrepencies in tron mainnet, also do remember that like tron eos that is a huge altcoin is also moving from eth to its own blockchain, i think eth will stay strong and grow overtime.

[BQ]

TRON provides users with a completely free and reliable platform for the publication, storage and distribution of photos, audio, video and other data. The platform has open source code and uses the Ethereum network block.

What is the meaning of your post?

I don't see why TRON leaving Ethereum will do anything to the price at all.
TRON is a token which people buy with ETH, BTC or USDT - that's all, regardless of it being an ETH token or not.

EOS is leaving aswell, and will do nothing by itself -
but, due to the EOS team having lots of ETH to dump from the ICO, so that will drive the price down.

Tokens doesn't add value to the network itself apart from having to be transferred between wallets.
If all tokens were to leave for a better platform however, that's another question!

Generally you can consider the term 'priced in', when news are released people are already invested for upcoming releases, so it might just dump!  

1) TRON transactions are ERC20 transactions, and you probably know that transaction fee - is ETH miners salary;

2) it's not about trading pairs on exchanges, but probably about millions of new TRX wallets which will appear on all exchanges that support TRON;

3) And of course tokens add value to the blockchain network:
- first of all with vast amount of new transactions;
- the second - trading much more actively with the blockchain pair;
just watch hundreds of ICO ERC20 tokens on exchanges, and see which pairs are more active BTC or ETH 

4) In my opinion EOS is a shady project, so let's discuss it in another thread...

1) Indeed, but TRON token transfers are only between people which in the network as a whole is of very small volume compared with the rest of stuff going on I think.

2) with the pairs I only ment that people are just buying tron just as any of the other hundres/thousands of tokens, they're not used for much other than sitting in wallets.

I think you're missing my point, what I'm saying is kinda what you are saying in 3) except that it's not a 'vast amount' of new transactions, since the network is already used for so many transactions that it doesn't make much difference, because TRON is just sitting in people's wallet, or send to trade on an exchange, it's not used in contracts etc

[lero34]

ETH is a big monster that depends only on BTC and itself (ETH own project and command), but it not depends on Tron. And Tron is still waiting. But I'm sure that it will be x2 until the autumn.

[Pamplelune]

TRON provides users with a completely free and reliable platform for the publication, storage and distribution of photos, audio, video and other data. The platform has open source code and uses the Ethereum network block.

What is the meaning of your post?

I don't see why TRON leaving Ethereum will do anything to the price at all.
TRON is a token which people buy with ETH, BTC or USDT - that's all, regardless of it being an ETH token or not.

EOS is leaving aswell, and will do nothing by itself -
but, due to the EOS team having lots of ETH to dump from the ICO, so that will drive the price down.

Tokens doesn't add value to the network itself apart from having to be transferred between wallets.
If all tokens were to leave for a better platform however, that's another question!

Generally you can consider the term 'priced in', when news are released people are already invested for upcoming releases, so it might just dump!  

1) TRON transactions are ERC20 transactions, and you probably know that transaction fee - is ETH miners salary;

2) it's not about trading pairs on exchanges, but probably about millions of new TRX wallets which will appear on all exchanges that support TRON;

3) And of course tokens add value to the blockchain network:
- first of all with vast amount of new transactions;
- the second - trading much more actively with the blockchain pair;
just watch hundreds of ICO ERC20 tokens on exchanges, and see which pairs are more active BTC or ETH 

4) In my opinion EOS is a shady project, so let's discuss it in another thread...

1) Indeed, but TRON token transfers are only between people which in the network as a whole is of very small volume compared with the rest of stuff going on I think.

2) with the pairs I only ment that people are just buying tron just as any of the other hundres/thousands of tokens, they're not used for much other than sitting in wallets.

I think you're missing my point, what I'm saying is kinda what you are saying in 3) except that it's not a 'vast amount' of new transactions, since the network is already used for so many transactions that it doesn't make much difference, because TRON is just sitting in people's wallet, or send to trade on an exchange, it's not used in contracts etc

Not sure how many TRON transactions happen daily.
Since TRON token was created 2.5M token transfers happened through its contract.
https://etherscan.io/token/0xf230b790e05390fc8295f4d3f60332c93bed42e2

[RDNX]

Well, its a good start for TRON for leaving the Ethereum network.
The price will depend on the progress of their new blockchain. If the blockchain has a lot of problems, then I think the price will go down.

[Grim149x]

I have no idea for what effect it has on TRON.

However, for ETH, I don't think it will have an effect. It's just TRX leaving the Ethereum Network.

[Token.tv]

We don't think it will affect the price of ETH in any way, but depending on its performance it will definitely affect the TRON price. We would advice you to avoid investing in it for now and wait a little bit for problems to arise and for the team to solve them. For now the best you can do is explore the market and the possible outcomes but don't make any rash decisions involving investment.

[pranazzs]

Tenth Largest Crypto TRON to Leave Ethereum, Launches Beta Version of Own Blockchain

TRON (TRX) launched a beta version of its independent public blockchain at 12 am UTC, today May 31.
Tron is currently the tenth largest cryptocurrency by market capitalization.

The move to Tron’s MainNet – also dubbed Odyssey 2.0 – is part of a transition away from the Ethereum blockchain.
The full launch of the network’s Genesis block is set to take place on June 25, styled ‘Independence Day’ by the TRON foundation.

Token ‘migration’ will take place between June 21 and June 24, during which investors will be able to exchange their ERC-20 standard tokens on crypto exchanges for an equivalent number of TRX on the new blockchain.

How this will affect prices of TRON, ETH and Odyssey as well?

Maybe TRON transaction will be more smoothly. Because it has come out of Ethereum blockchain which is often pending its transaction.
and there is no bad effect on both coins.

[dodziu]

The price of ethereum is not dependent on tron rather on bitcoin and it own blockchain and so cannot be affected if tron leaves it network. Trons might be affected because it needs to put more effort for people to believe more in it blockchain and as people and companies begin to use it, it will become more stable and efficient.

[unusualfacts30]

Tenth Largest Crypto TRON to Leave Ethereum, Launches Beta Version of Own Blockchain

TRON (TRX) launched a beta version of its independent public blockchain at 12 am UTC, today May 31.
Tron is currently the tenth largest cryptocurrency by market capitalization.

The move to Tron’s MainNet – also dubbed Odyssey 2.0 – is part of a transition away from the Ethereum blockchain.
The full launch of the network’s Genesis block is set to take place on June 25, styled ‘Independence Day’ by the TRON foundation.

Token ‘migration’ will take place between June 21 and June 24, during which investors will be able to exchange their ERC-20 standard tokens on crypto exchanges for an equivalent number of TRX on the new blockchain.

How this will affect prices of TRON, ETH and Odyssey as well?

This may help increase the price although it shouldn't as market is not dependent on what blockchain it uses. It will not effect the price of ETH whatsoever as it won't get effected in any shape or form.

[Investforlife]

the situation is the same as with eos

[lobo13hf]

the situation is the same as with eos

And in fact nothing happened with ethereum, even ethereum has been getting more and more increase on its price. It doesn't matter because basically tron case is the same as eos.
It doesn't give any impact to the ethereum network nor the ethereum price. I should say many people in here don't even read the condition. Ether will stay as second largest platform.

[SiverSurfer]

Who else is leaving Ethereum network? We had Qtum last year, and then EOS followed by TRON.

[sash1801]

This transition is carried out, as the latest news indicates that the founder of TRON, Justin Sun, hopes to acquire BitTorrent, but this has not yet been confirmed. Nevertheless, it nevertheless seems obvious that TRON is actively planning for the future.

 TRON’s developers claim their internal tests have shown that the network is “400 times faster” than Ethereum’s.

Soon we will find out whether this is so

[cacakuswaya]

Who else is leaving Ethereum network? We had Qtum last year, and then EOS followed by TRON.

Coin TRX has a very good 2018 development and this shows the independence of TRX coins that create their own network, to compete with ethereum and other coins.

[JohnMacZeppelin]

I do not think that it can affect the price of ETH, but I think that at the price of TRX this will really be reflected, because very often when the project moves to its own blockchain it usually starts to go up.

[NaXxow]

EOS and TRX chose to have their own blockchain, and they are the top competitors of ETH. They have shown in their social media what makes them good option than ETH. As far as I know, both coins are still a whitepaper, so basically it will not yet affect the price. But incase everything that they promise will happen, I think ETH will swing at lower price, I guess.

[berrygood]

I think it will not affect ethereum's price but it will make tron's price rise since it is a good thing for tron but ethereum is not a company so being in ethereum network is not necessarily bad.

[FAT_32]

Tron is not going to change it's price because of it, and nothing is going to happen to ethereum because tron is nothing compared to ethereum to be honest.

[vasilisc555]

Most likely that does not affect in any way with such an already dull market! But in fact time will tell! The market is very tired and should not react critically

[Crypcar10290]

The mainnet launch news will make the price of Tron increase most likely but after the release it is going to be a big dump as it always happen with the main net launch or fork news, no matter what project good or not, people always sell after the launch, as people say "buy the rumors sell the news", so for Tron holders the main net will be bad for the price in the short term but in the long term is going to be good. Tron being running his own blockchain will bring good things to the project which will be reflected in the price eventually.

[BTMgoMoon]

I don't think it will have any effect. Tron's departure from Ethernet and the creation of his own blockchain is a test for Tron. If all goes well, it is a good start for Tron. For Ethereum, there are too many tokens based on ERC-20, and there are many new tokens. So I think this will not affect the price of ETH. ETH is like an adult and is highly respected. Tron EOS Qtum all left the Ethernet network, but before Ethernet, they are still too young and there is still a long way to go

[cryptodalton]

This won't affect ETH. TRX is in beta version. Hope there won't be any bug in the system. Transferring to TRX wallet is the most important issue.

[sergienkoe]

I regard this news as positive for TRON (TRX). I dont think that it will affect the price of the ethereum, but the price of the trone most likely will grow.
It's nice to see how coins develop, create their own blockchain.

[niteroy]

Many people are more positive about coins than just Ethereum tokens, so I think this is a positive change in the TRON system, which can lead to a price increase. TRON is quite a promising coin, especially since it has a very strong community and it constantly develops its coin.

[HatDen]

Of course it will, price will go up when people will interested in the project. TRON worth it to rise

[youngsblin]

The THRONE I think will show growth.The Ethereum will most likely not react to this event.All its currency needs in the end to leave the tokens ERC-20 and create their blockchain.

[Collider]

How long do we have time to change our TRON ERC-20 tokens to he new coins? And where we can do that?

[Jimboqs]

I believe that from this will only the benefits. and I think that this will not affect ETH

[upyem2k]

I don't see that having any effect on both tokens. Ethereum is independent while the TRON is also a token with its own ideology behind it project. There cannot be any negative effect on both coins

[kryptqnick]

Tenth Largest Crypto TRON to Leave Ethereum, Launches Beta Version of Own Blockchain

TRON (TRX) launched a beta version of its independent public blockchain at 12 am UTC, today May 31.
Tron is currently the tenth largest cryptocurrency by market capitalization.

The move to Tron’s MainNet – also dubbed Odyssey 2.0 – is part of a transition away from the Ethereum blockchain.
The full launch of the network’s Genesis block is set to take place on June 25, styled ‘Independence Day’ by the TRON foundation.

Token ‘migration’ will take place between June 21 and June 24, during which investors will be able to exchange their ERC-20 standard tokens on crypto exchanges for an equivalent number of TRX on the new blockchain.

How this will affect prices of TRON, ETH and Odyssey as well?

I think this is like a hard fork for a coin. Some people will support the ethereum-based tron, because at least we can see it's not buggy and is pretty safe. Others will join the new network and try testing it. I suppose both tron and ethereum will have their prices decreased because of this act. And there's gonna be the hell lot of trading going on, since tron's marketcap is billions of dollars. People might panic and try selling their tokens for trx faster, thus invoking the unequivalent prices.
This might be a good move for tron, but it looks risky.

[lkcoindaddy]

TRON provides users with a completely free and reliable platform for the publication, storage and distribution of photos, audio, video and other data. The platform has open source code and uses the Ethereum network block.

[kinki32]

Tron capitalization is very overvalued because they only now try to quit from ethereum. And still not showing their github.

[TheWalkingCoin]

Tron have lanuched on Indodax market and low get positive respond from bitcoin trader, small person have take action making trade with TRON. There are many not interested of bitcoin member of Indonesia to participated at TRON trade. Not good potential price for TRON to see on highest price. Just be the same price for long time because we see many trader not interested to make TRON trade and investment with TRON. Maybe have another time to see TRON on high price.

[Pamplelune]

How long do we have time to change our TRON ERC-20 tokens to he new coins? And where we can do that?

Here is a useful article about What TRX holders need to know about the upcoming token swap.

The TRX token swap is being done through exchanges. TRON holders need to make sure their coins are being held on participating exchanges by the deadline, and they will be automatically swapped out one for one.

You can find a list of participating exchanges on the TRON website. As long as your coins are held in your account on any of those exchanges by the deadline, your tokens should be automatically swapped out.

24 June 2018: The last day for making sure your TRX is on an exchange, rather than in your own personal wallet.

[Pamplelune]

According to Ledger Twitter the company is willing to work with the TRON Foundation on TRX implementation into the Ledger wallet.

Read more: https://cryptovest.com/news/ledger-tron-support-on-its-way

[tamango]

I'm really happy with this decision by TRON community.. not be linked to Ethereum blockchain has many advantages for a big and promising coin like TRX..

[Pamplelune]

I'm really happy with this decision by TRON community.. not be linked to Ethereum blockchain has many advantages for a big and promising coin like TRX..

Final migration date is close. Let's see how it will affect both Ethereum and TRON prices.
TRON even established small airdrop, something about 1M TRX. Probably another hype movement.

[vit05]

I hope people finally realize that this is a product of a company. That they are not decentralized. That they spend more money on marketing them with the product. And that they will spend a lot of money and will fail miserably.

[miracle24]

It has no effect on the Ethereum blockchain really, and if tron blockchain is good enough, it might increase the price of the token.

[cikey]

I have no idea for what effect it has on TRON.

However, for ETH, I don't think it will have an effect. It's just TRX leaving the Ethereum Network.

Yes, I agree with him, so what do you want to expect? Maybe TRX prices will rise a bit in the short term, but not too much.

[luckyFF]

Unfortunately, I don't think there is any effect. You can refer to the nearest EOS.

[Pamplelune]

TRON markets are back on exchanges on 26th of Jun.
Just TRX volumes are low, it will take a while till they are back.

[Collinberg]

It might improve the price if TRX but I dont think it would affect the price if Ethereum at all, a king is remains a king.

[Pamplelune]

It might improve the price if TRX but I dont think it would affect the price if Ethereum at all, a king is remains a king.

Well, according to big exchanges like Binance TRX trading volumes are back.
But the crypto market is so bearish that it's hard to analyze overall progress for any coin.
We need to wait till top coins market turns green.