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Learn more about TRON
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TRON (TRX) price has increased today.
TRON (TRX) is priced at $0.120 today, with a 24-hour trading volume of $509,257,421.48. It is reflecting a 1.26% increase over the last 24 hours and a 5.39% increase over the past 7 days. With a circulating supply of 87.54 Billion TRX, TRON’s current market cap is at $10,479,517,706.12.
TRON (TRX)
Discover TRON (TRX), a revolutionary decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017.
Initially, TRX tokens were deployed as ERC-20-based tokens on Ethereum, but soon after, they migrated to their own independent network.
The primary purpose of TRON was to empower digital content creators by providing them with complete ownership rights. The ultimate aim is to support content creators (who often receive a minimal share of income) and incentivize them with greater rewards for their hard work.
The unique approach involves inviting content consumers to reward the creators directly, eliminating the need for intermediaries like YouTube, Facebook, or Apple.
TRON’s software is designed to facilitate smart contracts, various blockchain systems, and decentralized applications (dApps).
With a transaction model resembling Bitcoin’s UTXO, transactions occur on a transparent ledger, enabling users to track the transaction history.
The platform’s main objective is to build a decentralized Internet, offering developers a powerful tool for creating dApps as a viable alternative to Ethereum.
TRON encourages creating and sharing content without concerns about transaction fees, giving users the advantage of freely expressing themselves and receiving digital assets as compensation.
The Founder of TRON
Justin Sun, a visionary entrepreneur and the current CEO, founded TRON.
Sun studied at Peking University and the University of Pennsylvania, and his achievements landed him a spot on Forbes Asia’s prestigious 30 Under 30 list for entrepreneurs.
Additionally, Sun worked with Ripple as its chief representative for the Greater China area.
TRON’s Features
TRON stands out by directly connecting content creators and their audiences. They eliminate the need for centralized platforms such as streaming services, app stores, or music sites.
This approach aims to reduce commission losses for creators and potentially lower consumer costs.
- TRON has a competitive advantage in applying blockchain technology to the entertainment industry.
- Additionally, TRON prides itself on having a team of talented and experienced developers from major companies like Ripple Labs, located worldwide.
- Unlike some opaque blockchain projects, TRON presents a transparent roadmap, demonstrating its plans for future development.
The TRON’s Coin Supply
More than 100 billion TRON tokens exist, and about 90 billion are out in the world right now.
Back in the 2017 token sale, private investors got 15.75 billion TRX, while other participants grabbed 40 billion during the initial coin offering.
The Tron Foundation kept 34 billion tokens, and Justin Sun’s company took 10 billion.
So, the founder and the project keep 45% of all TRX, while investors have 55%.
Some people criticize this because it’s a lot. In most other crypto projects, founders usually only keep 10-25%, and the rest goes to investors or the treasury.
Securing the TRON Network
TRON implements a consensus mechanism known as delegated proof-of-stake. TRX owners can lock their tokens into smart contracts to obtain Tron Power.
This enables them to vote for “super representatives” who function as block producers.
These block producers validate transactions and are rewarded with TRX, distributed among those who voted for them.
According to TRON, this approach enhances the blockchain’s throughput capabilities.
Where to Buy TRON (TRX)
You can buy TRON on several exchanges, such as
However, Coinbase doesn’t support TRON.
Most Used
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Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
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Kucoin stands out among other crypto exchanges due to its impressive span of 1100 markets and 600 digital currencies. This, coupled with a user-friendly interface and secure investment environment, has made Kucoin an increasingly popular choice. However, US customers can not use the trading platform.
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Ability to earn interest on crypto.
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Low fees.
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Good customer service.
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Volume discounts on fees.
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Features like margin and futures trading.
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Not licensed in the U.S.
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Lack of investment programs.
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Low trading volume.
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing TRON.
TRON is a decentralized blockchain system made by the Tron Foundation. It helps digital content creators get full ownership of their work and lets people reward creators directly without needing platforms like YouTube or Facebook.
Justin Sun founded TRON. He studied at well-known universities, worked with Ripple in China, and even got on Forbes Asia’s 30 Under 30 list for entrepreneurs.
TRON connects content creators and audiences directly. This can mean fewer fees for creators and possibly lower prices for consumers because it doesn’t need centralized platforms like app stores or streaming services.
TRON has over 100 billion tokens, but interestingly, the founder and the project hold 45% of them, which is a lot compared to the usual 10-25% in other cryptocurrency projects.
TRON uses a system called delegated proof-of-stake. TRX owners can lock their tokens to get Tron Power and vote for “super representatives” who validate transactions and get rewarded with TRX.
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