The cryptocurrency space has grown massive in the last few years, with thousands upon thousands of coins and tokens being announced, imagined, developed, and launched. Now, most of those were launched during the hype days, or immediately after the hype days had ended. This was a period when investors were willing to invest in any project, hoping to see profits when its price surges post-launch.
While most of those thousands of projects are now dead due to being weak, scams or their developers simply giving up — there are still around 3,000 active coins and tokens at this time. One of the most popular among them — a rising star in its time — is TRON (TRX).
TRON is a coin developed on Ethereum's network by Justin Sun, a very talented young developer and entrepreneur who caught the attention of some big names in the financial industry. In the last two years alone, TRON launched its own blockchain, left Ethereum, started numerous projects, became one of the leading development platforms, used for developing dApps, smart contracts, and even new cryptos,
Its development has been progressing strongly ever since, but like all cryptocurrencies — TRON-based coins also suffer from the lack of mainstream adoption. This is something that many wish to change, and one team even started its own project dedicated to this goal. We are, of course, talking about TronATM.
TronATM is a project that aims to create the largest TRON network, one that would span around the world. The goal they plan to achieve is bringing thousands upon thousands of new users to the cryptocurrency space. In fact, the project is hoping to inspire interest in as many people as possible.
In the end, the project hopes to grow with the help of its community and create the TRON ATM network. Meanwhile, one of their biggest short-term goals is to proceed with the development of their custom TRON ATMs (Automated Teller Machines).
Once developed and launched, TRON ATMs will reward users for buying TRC20 tokens. The project plans to create around 5 billion tokens in total, which will serve to achieve different use cases. The project also wishes to be fully funded by the community, to which it will be able to give back by offering its tokens as rewards.
Furthermore, around 60% of their 5 billion tokens will be used for the project's token economy, 30% will be used for token development, and 10% will be used for marketing purposes. Of course, the project points out that these figures might change in the future, as per need. Once launched, however, TronATM tokens will bring a discount on transaction fees, provide users with the ability to vote (once the voting system is developed), and potentially more. First, however, the token sale needs to end.
As mentioned before, TronATM needs to distribute its coins in order to be able to continue its development, and they started doing so almost a year ago. Their token sale started on November 19th, 2018, and it will end in around 13 days, on October 30th. The token in question is TRC10-type token, developed on TRON's network. It is known as TATM, and it currently has around 4,443 holders, according to recent data.
The token's ICO price is 1 TRX per 1 TATM, so we can say that it is pretty much the same as whatever TRON itself is priced at any given moment.
Unfortunately, not much is known about the token sale, and details such as soft or hard cap are not revealed.
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|Start||October 1, 2019|
|End||November 30, 2019|
TronATM has no comprehensive business plan and no team that is competent enough to achieve the set goals. Besides, why would anyone want to establish a network of ATMs only for one cryptocurrency? I understand that TRON holds a lot of promise, but it is certainly not the kind of cryptocurrency that would achieve mass adoption and popularity in the next few years. People are still reluctant about using Bitcoin, so hardly anyone would be interested in using TRON ATMs.
Don Hamon November 15, 2019 Reply
My attitude towards TRON is generally positive because these guys are doing some really positive things for the gaming industry, and for the crypto space in general. But it doesn't mean that all projects associated with the Tron Foundation are equally good. Take TronATM, for instance. What's their main idea? Giving people tokens for buying tokens - that sounds a bit ridiculous to me. Besides, their team profile contains no concrete info about the founders, except for some animated pictures with Twitter links.
JoJo Thrasher October 26, 2019 Reply
Spreading the word of cryptocurrency is one of the best ways to increase crypto adoption, as too many people around the world still do not know about it. Even those who may have heard about digital currencies still hesitate to join the crypto trend due to difficulties and complexity of the process. But, projects like Tron ATM are making matters simpler, spread awareness, and raise interest, which is ultimately a good thing for the entire industry. However, we still recommend in-depth individual research to any investor who might be interested in participating in the project, as always.
$crUdge October 17, 2019 Reply