TRON is among the most popular coins currently
But what’s so special about it?
What is Tron?
According to its whitepaper, TRON is a project aimed to develop a truly decentralized internet. Its blockchain system is among the largest globally supporting Smart Contracts and Decentralized Applications.
The platform’s currency is Tronix (TRX) and the crypto coin is pre-mined.
History of Tron and TRX
The Tron platform was founded in September 2017 by the Tron Foundation. Tronix, the platform’s native token, can be bought from crypto exchanges with crypto assets.
After its creation the crypto coin was steadily moving around $0.002 with a market cap of over $100 million. From December 2017 to January 2018 the coin began a fast climb hitting its all-time high of $0.3 on January 5 before experiencing a rapid decrease.
In April of the same year, the price went up again slightly and rose to $0.96 before falling again. For TRX, like for other crypto coins, 2018 wasn’t the best year for prices. However, in January 2018, the coin’s price yet again experienced an increase to $0.03 after falling to $0.011.
The price of TRX grew to $0.4 regarding Bitcoin’s rise in June, but now it is dropping. To find out more about TRX’s price history, changes and innovations, just check out Tron coin news.
According to the Tron Foundation, the Tron Project was six stages of development: Exodus, Odyssey, The Great Voyage, Apollo, Star Trek and Eternity. Currently, the network is in the stage of Odyssey and the Final stage will be reached in September 2027.
- Ambitious Aim
TRON has a vision of creating a decentralized and improved entertainment industry. The TRON network removes the middle man as well as enables customers to make purchases directly. This allows creators to earn more, as opposed to paying large fees.
- Highly Decentralized
When Bitcoin firstly launched one of its main attractions was decentralization, it permanently revolutionized the way people perceived monetary transactions. Several years and thousands of crypto coins later, many cryptocurrencies refrained from this approach and became centralized.
TRON is ideal for early crypto enthusiasts since it is a strong advocate for decentralization. The platform returns ownership rights to creators and it’s making an effort to create a data free and unregulated internet.
- TRX is a TOP cryptocurrency
From an investment prospect Tronix is the 10th largest coin with a market capitalization of 2 billion. In terms of crypto-assets, it is considered a safe investment and has high liquidity in comparison to other altcoins.
All in all, TRON is a blockchain-based platform with a promising future and Tronix is a great coin with a high market cap, liquidity and volume. In order to keep track of your Tronix coins, use a crypto tracker. If you don’t know how, check out this crypto portfolio tracker guide right here.