Blockchain and gaming startup BitGuild have dumped Ethereum by migrating its ERC-20 tokens to Tron ecosystem. PLAT, BitGuild’s utility token has been moved to the Tron network. PLAT is the lifeblood of BitGuild ecosystem and was designed initially to be the sole currency usable on the BitGuild platform.
BitGuild Completes the Cycle
It was towards the end of 2018 when BitGuild decided to move Bitizens (a flagship game) to the Tron network. The explanation was to offer the best experience to the users, and Tron was seen as the solution.
— BitGuild (@BitGuild) May 10, 2019
As things stand, for blockchain gaming startup, Tron is fast becoming a force to be reckoned with and is seen to solve several of Ethereum’s scalability challenges and moving Bitizens was just the beginning.
PLAT works as a measure of BitGuild’s success, and some portion of all BitGuild products revenue gets used to buy back as well as burn PLAT which then shortens supply and increases value.
Technically, the swap won’t be complicated as Tron has made the Ethereum-based ERC20 tokens to be ‘100%’ compatible with TRC20.
Projects Keep Flowing into Tron Network
BitGuild isn’t the first bird to rest settle on Tron tree after flying from Ethereum, and it might not be the last one. A thing worth noting is (which some think might be the reason developers keep migrating to Sun-led blockchain), Tron has issued a fund for any game developer who moves their blockchain games to the network.
It goes without a say that Steem Monsters (they have a new name now being Splinterlands), or Chibi Fighters, Hyper Snakes and CryptoDungeons have followed suit. Furthermore, everyone knows already that USDT stablecoin breathes on Tron blockchain now.
Tron Pushes Ethereum Aside Slowly
BitGuild’s move to Tron network from Ethereum is undoubtedly a hit over Ethereum, and talking from the rivalry point, Justin Sun, CEO and founder of Tron would be licking his lips.
Now, it seems like Tron is slowly succeeding in its strife to subdue Ethereum in the dApp industry at all costs – and inevitably, the Bitizens move and now PLAT marks significant progress.
Nevertheless, we have already seen a plethora of projects gaining traction as well as liquidity on Tron blockchain such as BitTorrent (BTT), with a successful token sale serving as an indicator of significant interest in crypto as well as Tron. Consequently, it would be safe to say (at least as things stand) that PLAT and BitGuild, in general, will undoubtedly see a fertile ground of thriving on the Tron ecosystem.
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