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Many crypto-enthusiasts know that crypto adoption begins with you and I: the user. If the community that supports a certain crypto or a project does not use the digital asset for transactions, then the coin/token and project have no purpose in this crypto-verse. It is therefore not surprising that Tron (TRX) fans and believers are the first to let the community know that TRX transactions on the new Mainnet, are one of the fastest and cheapest (outside of XRP).
In a Tweet that was retweeted by Justin Sun, Twitter user @Kev_TRX_4_Life was quick to showcase his experience with TRX withdrawals from Binance complete with transaction speeds and cost. In the tweet, he states the following.
#trx – transfer speed.
#trx from @binance to my tron wallet (after confirming my email) – about 3 1/2 mins
#trx from tron wallet back to @Binance – just under 2 mins!!!
Cost: 0.1 trx
That is uhmmm… FAST!!!!!! And CHEAP!!!
Similar sentiments were echoed by TRX fans who replied to the tweet. Some were quick to remind us of the promised transactional coin-burn.
Tron cost a tiny bit and that cost is burned
— Crypto Toshi (@rtoshiyukim) July 11, 2018
Looking back at some of the qualities of the Tron MainNet, we find out that the said coin burn will be worth 0.1 TRX when creating a new account on the platform through DApps and 0.001 TRX for each transfer of funds. This then means that the more TRX holders and fans use the digital asset, the more transactional coin- burns will occur. Doing the math, this means that with time and as the Tron platform becomes more popular to DApp developers, we will see a reduction of the circulating supply of TRX as users keep transacting on the platform. Also to note, is that the Tron Foundation has locked up 33.25 Billion TRX till January 2020, further guaranteeing the circulating supply.
It is only natural that the price of TRX will gradually rise in the coming months.
In conclusion, the above example of a TRX user expressing his excitement while transacting on the new TRON Mainnet is not only a sign of TRX adoption, but of the general progress of cryptocurrencies as accepted mediums of exchange. We have been advised that total global crypto adoption might take up-to 10 years. But this is a short time period if you believe in the crypto-verse.
Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.
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