Since June 26, the TRON (TRX) elections have started slowly, but the effects are already recorded - two of the 26 Super Representatives have been elected, and are producing blocks. The Skypeople and Cryptodiva groups have already taken in hundreds of blocks. The elections are continuing, but with a slow pace.
https://twitter.com/justinsuntron/status/1011908335036084225
Most TRX tokens may still be locked on exchanges, or unclaimed, and the voting is hampered. Additionally, the tronscan.org service shows that in an hour, TRON saw just about 48 transactions, an extremely slow pace.
The positive thing is, the network is stable and for now there have been no freezes to compare it to the EOS launch. But in the days to come, the community will be watching the vote, to see where the candidates get their support.
For TRON, the enthusiasm has lessened, despite the news of the token being accepted, along with Verge (XVG), on the largest adult site on the Internet. Still, this is a piece of the puzzle in the longer term, as TRX aims to position itself as the currency for online entertainment.
The market price for TRX remains stagnant at $0.038. TRX is down more than 22% in the past seven days, and volumes have dwindled to $87 million, as both trading and transactions freeze during the transition period. The share of Tether (USDT) trading is around 28%. For now Binance returning online has done little for TRX, as Upbit and Bithumb took over the volumes, with OKEx adding to the activity.
!TRON!
What is extremely interesting about the TRON network is that it also runs nodes. There are currently 201 nodes, with more than 120 nodes located in the USA, against just 59 nodes for China. Strangely, other locations are almost missing from the map, showing the popularity of TRON on various markets.
The TRON project is one of the most prominent and talked about on social media - but sometimes, this is not reflected in the coin’s trading profile, which depends on Korea for support. TRON has expanded to several exchanges, but the biggest trading hype was in the past.
This article appeared first on Cryptovest
