The much-awaited Tron MainNet launch has been officially launched which also marked the announcement of the Tron bug bounty program. With this launch, Tron has entered into another phase, from where the only way forward is development and growth.
With Tron MainNet launch, bug bounty program goes live
Today, Tron officially launched its much anticipated MainNet while its CEO and founder Justin Sun live streamed the entire event.
Sun announced the launch with:
“Fellow Tronix, the time has finally come – May 31st Tron Main Net launched.”
“Today with confidence I announce that the development of Tron’s main net Odyssey 2.0 is complete and all the materials are submitted to GitHub.”
With this launch, Tron has become an independence token which has migrated from Ethereum blockchain to its very own. But this is not all, in the wake of rising attacks on the various cryptocurrency networks, Tron went with a preemptive approach here.
Justin Sun announced a Tron Bug Bounty program that offers the reward of value ranging from $100 to $100,000. Anyone who finds any loopholes or bugs in the new MainNet of Tron that is now available for download on GitHub, gets to claim this reward.
The time frame set to find the bugs has been set before the launch of Genesis block on June 25 i.e. from June 1 to June 24. Whereas given the fact that a bug could be really small and ineffective or extremely detrimental to a code, the reward range has been provided.
Given the way Verge suffered from 2 attacks and right before the MainNet launch of EOS, high-risk security vulnerabilities have been found in its network along with Bitcoin Gold’s recent 51% attack, the efforts made by Tron Foundation and Justin Sun are praiseworthy.
Where exactly Tron (TRX) is heading
At the time of writing, Tron has been at $0.061 while registering the loss of about 5 percent in last 24 hours. According to Coinmarketcap, Tron sits at 10 position with a market cap of 4 billion.
On January 5, this year, TRX price was at its highest at $0.25. It has been expected with Tron MainNet launch, Tron will see a surge in its prices, but it hasn’t happened, yet!
Cryptocurrency market tends to work opposite of what one might expect to. So, it is a possibility once the MainNet settles down, we would be seeing more positive sentiments in the market. This is a huge step for Tron no doubt, that will have more developments coming up in the future.
Do you think over the time as Tron matures, it will experience increased market value? Share your thoughts with us!
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Lauren, a blockchain, and a cryptocurrency strategist has created a project of crypto price predictions for each month.