How valuable is TRON (TRX)?
The TRON Foundation is trying to discourage Ethereum use and encourage TRON use. To that end, it is encouraging exchanges to list TRON (TRX) and discouraging ERC20 use.
Discouraging Ethereum use is necessary for TRON because of Ethereum’s popularity. For instance, 94 out of the top 100 blockchain platforms utilize Ethereum, CCN estimates. Furthermore, up to 250,000 developers could be using Ethereum tools, cryptocurrency researcher Kevin Rooke claims.
Therefore, to be competitive the TRON Foundation needs to destroy Ethereum. However, there is no guarantee burning ERC20 Tokens will achieve that goal.
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