On Thursday, May 31, Tron officially launched its much-awaited Main Net while its CEO and founder Justin Sun live streamed the whole event, which entered Tron into another phase.
Sun announced the launch saying:
“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 independent token, migrating from Ethereum Blockchain to its very own. But this is only the beginning, as in the wake of rising attacks on the various cryptocurrency networks, Tron went with a preemptive approach here.
According to Coinpage.com, Justin Sum also announced a Tron Bug Bounty Program that offers a claim of the reward of value ranging from $100 to $100,000 to anyone who finds outs any loopholes or bugs in the new Main Net (available for download on GitHub).
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. The reward range is provided in case of a tiny and harmless bug.
Given the way Verge suffered from two attacks before the launch of EOS Main Net, high-risk vulnerabilities have been found in its network along with Bitcoin Gold’s recent 51% attack, the Tron’s efforts are noteworthy.
At time press, Tron has been at $0.061, down 5% in last 24 hours. According to CoinMarketCap, Tron possesses the 10th position with a market cap of 4 billion.
On January 5, 2018, TRX price was at its highest at $0.25. It has been expected that Tron Main Net will cause a surge in its prices, but this has not happened yet.
Many times crypto markets behave the opposite from the predictable. So, it is a possibility once Main Net settles down, we would be seeing more positive sentiments in the market. Doubtlessly, this is a huge step for Tron that will bring new developments coming up soon.