TrinityProtocol

Trinity Protocol (TNC) was released in what was one of the biggest bull runs ever recorded in the cryptocurrency market where market sentiment was at its highest and new investors were clamouring to get in (FOMO). The euphoria was so great that exchanges were having to restrict the creation of new accounts for weeks due to the sheer backlog of requests. The bottom line was that exchanges were simply not prepared for such a sizeable uptake.

Roll on 8 months and the cryptocurrency market has gone full circle, the majority of projects have seen retraces in excess of 90% from their all-time-high valuation; a combination of market manipulation, profit taking, weak hands and just outright scams have been the route cause. Those of you who have been around long enough will realise this is part and parcel of market cycles and the cryptocurrency market was due a major correction just like it had done in previous years. There was perhaps a realisation of what was to come when the cryptocurrency market reached a $500bn market cap around December 2017 last year, Vitalik Buterin posted a Twitter update stating “but have we earned it?”

Will Trinity Protocol survive the bear market?

TL;DR version: David Li has put measures in place to ensure the long-term survival of the project; careful budget management, resource management, forward development planning.

Trinity Founder David Li has been very vocal from as early as March 2018 about a lasting bear market and many turned their noses up when he said he felt this bear market will last 12–18 months. Fast forward another 5–6 months and here we are. David isn’t a miracle predictor nor does he claim to be, it doesn’t take someone long to look at charts from 2013–2017 to see history repeating itself. David has restructured the Trinity team over the past few months cutting non-essential personnel but retaining a strong development team. Currently there is 5 full time developers working on the core protocol and about 10 peripheral developers. 2 new front-end developers were brought in recently and there are a few other personnel amongst the team.

David has always stressed the importance of spending the Trinity budget wisely and not blowing it in a bear market where no-one is listeninig and where market sentiment is at a recent low. In many Telegram channels you see some token holders say the price is down because there is not enough marketing or because the project is not listed on enough exchanges. There has been projects covered on Forbes Magazine and CNBC and projects that have covered multiple cities on a global tour, not even that has stopped the project retracing heavily in price with the rest of the market. The latest craze is once a project has been listed on Binance even that is quickly deemed insufficient by some and there is a new call for “when Coinbase?” The underlying motive behind such comments is purely price driven and there is no credible argument when you challenge these people.

None of this is lost on David, he has acknowledged the need for new exchanges and marketing when the time is right and the need to ‘ride with the wind and not against it’. Chasing exchange listings and marketing a yet to be proven or released product is a sure-fire way to burn through the Trinity cash reserves especially in the state of the current market. David has been there and got the t-shirt multiple times, he knows what he’s doing, the team are currently wrapping up a long-term phase 2 development plan (currently confidential) and the project has been carefully managed to survive the shake out.