Frequently Asked Questions
What Is TRON (TRX)?Read More
TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Originally TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their own network.
Initially, the project was created with the aim of providing full ownership rights to makers of digital content. The main goal is to help content creators (who receive only a small part of the income) and encourage them with more rewards for their work. How: invite content consumers to reward content makers directly (without intermediaries like YouTube, Facebook or Apple).
The TRON software supports smart contracts, various kinds of blockchain systems, and decentralized applications aka dApps. The cryptocurrency platform uses a transaction model similar to Bitcoin (BTC), namely UTXO. Transactions take place in a public ledger, where users can track the history of operations.
Therefore, the platform was built to create a decentralized Internet and serves as a tool for developers to create dApps, acting as an alternative to Ethereum. Anyone can create dApps on the TRON network, offer content, and in return receive digital assets as compensation for their efforts. The ability to create content and share it openly without hesitation regarding transaction fees is an undeniable advantage of TRON.
Who Are the Founders of TRON?Read More
TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in its 30 Under 30 series for entrepreneurs.
Born in 1990, he was also associated with Ripple in the past — serving as its chief representative in the Greater China area.
What Makes TRON Unique?Read More
TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.
The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs.
Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years.
How Many TRON (TRX) Coins Are There in Circulation?Read More
TRON has a total supply of just over 100 billion tokens — and at the time of writing, about 71.6 billion of these are in circulation.
When a token sale was held in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion.
All in all, this meant that 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Critics argue that this is a much higher ratio than what has been seen with other cryptocurrency projects.
How Is the TRON Network Secured?Read More
TRON uses a consensus mechanism that is known as delegated proof-of-stake.
TRX owners can freeze their cryptocurrency in order to get Tron Power, which means that they can vote for “super representatives” who serve as block producers.
These block producers receive TRX rewards in exchange for verifying transactions, and these rewards are then distributed among the people who voted for them.
According to TRON, this approach helps its blockchain to achieve higher levels of throughput.
Where Can You Buy TRON (TRX)?
What is the all-time high price of TRON (TRX)?Read More
The all-time high of TRX was 0.300363 USD on 2018-01-05, from which the coin is now down 53.00315970375845%. The all-time high price of TRON (TRX) is 0.300363. The current price of TRX is down 53.00315970375845% from its all-time high.
How much TRON (TRX) is there in circulation?Read More
, there is currently 87.97Bn TRX in circulation. TRX has a maximum supply of 0.
What is the market cap of TRON (TRX)?Read More
The current market cap of TRX is 12.42Bn. It is calculated by multiplying the current supply of TRX by its real-time market price of 0.141161119419.
What is the all-time low price of TRON (TRX)?Read More
The all-time low of TRX was 0.00109126
, from which the coin is now up 12835.608326063451%. The all-time low price of TRON (TRX) is 0.00109126. The current price of TRX is up 12835.608326063451% from its all-time low.
Is TRON (TRX) a good investment?Read More
TRON (TRX) has a market capitalization of $12.42Bn and is ranked #12 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze TRON (TRX) price trends and patterns to find the best time to purchase TRX.