The Tron Foundation distributed $1.7 million to Ethereum holders

Free distribution of tokens (airdrops) among owners of popular digital assets is becoming the norm in the world of cryptocurrency. This helps increase the number of holders of certain tokens and stimulate their turnover. The Tron token team recently distributed 30 million TRX tokens to Ethereum holders.

2018 promises to be an interesting year for the Tron network if everything goes according to plan. A month ago, the project launched a test network to bring its technology to the masses. While this is not the same as a network for building real applications or conducting real transactions, it is still an important milestone in the development of this particular altcoin. 

In addition, there will be some changes to the TRX token itself. Once the mainnet is launched, Tron may move away from the Ethereum blockchain it currently resides on. Initially, the token was introduced as an ERC20 standard, which allowed the team to make an initial offering, but over time the team planned to withdraw the token from the Ethereum network.

To this end, the team distributed 30 million TRX tokens to Ethereum holders who had at least 1 ETH in their wallet. Tokens were distributed to 602,881 addresses, which significantly increased the number of holders. Each address received approximately 49.76 TRX, worth just under $4.00. This was not the most profitable giveaway in the cryptocurrency world, but it should not be underestimated. After switching to another network, the exchange of ERC20 tokens for new ones will happen automatically in compatible wallets, or this can be done using the MyEtherWallet online solution.

Increasing the number of token holders has always been a difficult task, a free distribution makes this task easier. Let's see whether the new owners will keep the tokens for themselves or sell them on the exchange.

According to https://themerkle.com