Where humans progress from babies to children to adults, we may crudely say crypto projects go from whitepaper to test net to main net launch. The main net is big milestone and indicates that the team behind the project are making real progress. The gravitational pull of Bitcoin has meant most projects have not seen big price jumps on the back of mainnet launches. In fact crypto investors seem to value exchange listings more than real technical development when it comes to investing in crypto. ETC, a vastly inferior technical play to VET, TRON or EOS, has seen a better price boost from a Coinbase listing than any of the latter 3 did from their mainnet launch.

Price impact of main net launch

VeChain

Date of main net launch – June 30th 2018

Price on day of launch – VEN price was $2.70

Price today – There was a token swap to VeChain Thor which resulted in each VEN holder receiving 100 VET tokens per VEN held. The price of VET right now is $0.015

Commentary – The increase in supply of VET from the original VEN token distorts the picture slightly here. If we try to compare like the real change could be said to be from $2.70 to $1.50. This represents a 44% actual drop in the value of an investors holdings through this period. It is worth noting that the price of VET bottomed out at below $0.01 and has rebounded significantly to it’s current level.

TRON

Date of main net launch – May 31st 2018

Price on day of launch – $0.061

Price today – $0.021

Commentary – The price of TRX has declined massively since they launched their mainnet. It has lost two thirds of its value in this time. Long time followers of TRON will have noticed that the price tends to get pumped in anticipation of a milestone or announcement before plummeting when it actually happens! I believe the current price resembles an incredible opportunity to stock up on TRX. The mainnet itself is highly functional with a higher throughput than Ethereum.

The TRON Virtual Machine (TVM) which is currently in testing mode will go live at the end of August. We can also expect to see the first steps in Project Atlas, the integration with BitTorrent happen then. In other development news, one of the TRON super representatives has developed a TRON wallet for the Chrome browser. TRON’s continuing ability to open itself up to new users is what impresses me most about this project.

EOS

Date of main net launch – 10th June 2018

Price on day of launch – $14.11

Price today – $5.20

Commentary – Hodler’s of EOS love to say ‘you never truly own EOS you are simply minding it for the next generation’. The scale and ambition of the project allowed it to raise $4 billion in ICO which says it all really. If, and it’s always an if with crypto, EOS can deliver on its promise it could dominate the crypto space and be the platform for the next internet.

The EOS mainnet launch did not run as smoothly as TRON’s or VeChain’s. Both those products hit their milestones and the launches happened with no serious issues. EOS in contrast had a delayed mainnet launch due to the discovery of some security issues. I think the delay ultimately only amounted to a week or so. Due to the fact that EOS had raised so much money it would have been nice to see it have a close to perfect launch.

In terms of pricing EOS is trading at approx. 35% of what it was on mainnet launch day. If you believe in the project this does represent an interesting time to buy in.

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