Tronix (TRX) is the official currency of the TRON project, which aims to be a decentralized platform for sharing entertainment content using blockchain and peer-to-peer (p2p) network technologies. Founded by a non-profit foundation based in Singapore, the foundation aims to take a place in the global entertainment industry, which is currently valued at $1 trillion.
TRON 20 and TRON Power (TP) tokens
Tron 20 tokens allow content owners to create their own tokens on the platform, the principle is similar to WAVES. This token is different from Tronix, which is the medium of exchange on the platform.
The company is looking for long-term investment, so TRX tokens are locked to obtain the TP token. This will allow users to increase mobility in the ecosystem through voting rights and participant status. The longer TRX are not spent by their owner, the more TP TRON will be as a result.
TRON
TRON (TRX) is a blockchain-based decentralized protocol that aims to create a worldwide free content entertainment system through blockchain and distributed storage technologies. The protocol allows each user to freely publish, store and own data, and also solves the issue of distribution, subscription and delivery of content in a decentralized autonomous manner and enables the existence of content creators by issuing, distributing and processing digital assets, and thus forming a decentralized ecosystem with entertaining content.
- Algorithm
- TRON values
- TRONIX is the official token of TRON
- Where to buy TRON
Rate as of 08/14/2020
- Rate:
0.024583 USD - Symbol:
TRX - Rating (CMC):
15
Algorithm
With over 10 million users, Peiwo App will be the first TRON-compatible entertainment app.
The members of the TRON team are followers of Sir Tim Berners-Lee and believe that the protocol, since its invention, has been a valuable asset to humanity, and not a means of profit for small groups. Therefore, TRON founded the Singapore-based TRON Foundation, a non-profit organization that is primarily dedicated to managing the TRON network in accordance with the principles of openness, fairness and transparency, and supporting the TRON development team.
The TRON Foundation is organized with the approval of the Singapore Corporate Affairs and Accounting Authority and is subject to the Singapore Corporations Law. Its functioning is ensured by a Board of Trustees and a Board of Governors formed by authorized trustees for independent management and operation, which is also independent of the administration of the government.
Singapore is known for its stable and established laws and financial environment. As a non-profit association organized in Singapore, TRON Foundation, under the laws of Singapore, is a legal entity with no commercial interest that supports and engages in activities for the benefit of the public or for personal gain. The "profit" earned by the fund is considered surplus capital and will be retained to finance the organization and carry out other activities and events. Members of the Fund will never participate in the distribution of profits.
TRON values
Since the beginning of TRON's development, its creators have always adhered to the following core values:
- Data creators (users) will have fundamental ownership of data, and the Internet should be decentralized. This was proposed by Dr. Tim Berners-Lee when the Internet and the original intention behind its creation was born.
- Those who invest in the complex TRON system will receive proportional profits in accordance with the rules. The valuation network has the most significant advantage that allows you to digitally capitalize anything on social and media networks.
- All forms of investment must have the same quantitative value. Essentially, the time invested by participants, the excellent content created, and the attention they pay has measurable value as much as the capital provided.
- TRON's main goal is to provide services to the public. As a complex system run by a non-profit organization, TRON is designed to serve the masses who consume entertainment content around the world, rather than making a profit. All TRON participants will benefit from its prosperity.
- Content should be created with a focus on people rather than capital, which should be used to reward people rather than control them. The cultural and creative industries should largely be driven by a desire for quality art and content from content creators, artists and writers, rather than capitalists who do not consume any content.
As a decentralized content protocol, TRON has the following four basic characteristics in contrast to the centralized Internet:
- Data release: You can upload, store and distribute content, including characters, images, audio and video, on a free and uncontrolled basis.
- Enabling Content: By providing and distributing content, digital assets can be generated, which economically incentivizes the formation of a complex content system.
- Personal ICO: An individual can freely distribute digital assets in the form of an ICO, while others can enjoy the benefits and services created by the ongoing development of data compilers by purchasing digital assets.
- Infrastructure: Along with distributed digital assets, a full set of decentralized infrastructures will be provided, including distributed exchange, offline games, forecast and gaming system.
TRONIX is the official token of TRON
The official currency of TRON is TRONIX.
TRONIX is the basic unit of account in the TRON blockchain. The value of all other tokens comes from the value of TRON.
TRON Power (TP). TP is TRON locked. Users can purchase TP by locking their TRONIX. TP is essentially TRONIX with voting rights, meaning that TP holders have more privileges in the ecosystem.
TRON 20 Token Content owners (IP addresses, individuals and groups) can freely issue their digital assets through TRON 20 standards, while others can enjoy the benefits and services provided by the constant growth of data by purchasing these digital assets.
TRX Development Forecasts: Roadmap
This is a long-term project that consists of several stages that cover the period 2017–2023:
- Exodus: A free platform for user-level content distribution, storage and creation. We are currently in the Exodus stage. The project now aims to provide distributed file sharing built on top of something like IPFS. Technically, the project does not yet use blockchain technology on its current platform.
- Odyssey: Economic incentives to encourage content creation and empowerment. The system understands the possibility of markups, transactions will be carried out through one-way payment channels.
- Great Voyage: opportunities for individual ICOs,
- Apollo: the ability for content makers to issue personal tokens (TRON 20).
Steps 5 and 6 (Star Trek and Eternity) involve decentralization of the gaming industry. They allow developers the freedom to create gaming platforms and then supplement them with monetary incentives.
TRON's forecasts are very ambitious. It's going to introduce blockchain into a lot of industries, many are experimental, somewhat similar to Ethereum. The team will try to accomplish this over the next 8-10 years.
To do this, TRON will have to develop its own application platform with smart contracts.
It will be interesting to see how this project develops. There are a large number of influential people in the Chinese business community who support the TRON team. It also has a strong development team to support its efforts.
The long-term success of TRX and the TRON platform is expected by many, but be careful in some areas (more on this below).
Short-term exchange rate fluctuations are associated with the implementation of the project, the launch of new functions and the burning of coins: they can be predicted mainly by the roadmap and the CEO’s Twitter.
Tronix (TRX) Development Team
The personality of its founder, Justin Sun, is also important for understanding the prospects of the TRON project. Undoubtedly, this entrepreneur is also a media person, a lover of hype and sensations. The ICO of the project, which took place in China at the end of 2020, was already subject to the ban by the Chinese authorities on conducting ICOs in the country. It seems that Jack Ma, the owner of the Alibaba Group corporation, could not have done this without the influence. Tron team leader Justin Sun, who is only 27 years old, has already served as the head of Ripple China. The core of his team moved with him to TRON from the Chinese Ripple. Also participating in the project are Chinese businessmen such as Tan Bingsen (creator and head of Clash of Kings), Dai Wei, creator and head of OFO, Yin Mingshan, creator of LiFan.
Justin Sun. Creator of Tron (TRX)
Justin Sun, one of the few global billionaires under the age of 30, is also known for his friendship with the founder of the Chinese online sales giant Alibaba. And any support from Alibaba will be a noticeable competitive advantage. The TRON Foundation and the management company are registered in Singapore, which is a jurisdiction friendly to digital currencies. The TRON Foundation is dedicated to providing grants in the project's cryptocurrency to the best developers and the most active users.
TRX token
| ICO start | : | August 31, 2017 |
| end of ICO | : | September 2, 2017 |
| mouth guard | : | 70,000,000 USD |
| Token price | : | 0.0019 USD | 0.00000463 ETH | 0.00000038 BTC |
| Collected | : | 70,000,000 USD |
| A country | : | China |
While TRON will support all types of virtual currencies, TRX will be generic: all other currencies must be transferred through TRX.
- TRX cannot be mined.
- Emission: 100,000,000,000 TRX
- Coin burning is practiced to increase the price of the token and make the coins in circulation more scarce.
The TRON Foundation has locked up $34.2 billion of its tokens until January 2020.
Speculators predict that blocking tokens will increase their value.
Since its relatively new launch in late September 2017, TRX has experienced sharp price increases. Starting from a price of 0.002 cents, it is worth $0.45 in December on December 19, 2020, an increase of about 2150%.
Tron (TRX) Price Prediction for 2020, 2022 and 2025
Wall Street experts predict TRX will reach at least $40 by the end of 2020. If their predictions are confirmed, then every dollar invested in TRON today will return a thousand in less than a year.
TRON has enlisted the support of famous Asian businessmen such as Tan Bingsen (creator of the cult online game Clash of Kings), Dai Wei (founder of the bike rental company OFO), Yin Mingshan (CEO of the industrial giant Lifan), and others. If such serious people invest their money in TRON, it means they are confident in the prospects of the project.
Let's look for more raw numbers and forecasts for the TRX currency. Below you will find our opinion on the future of the TRX token.
#1. TRX forecast from WalletInvestor for 2020-2025
According to WalletInvestor, the outlook for Tron (TRX) is rather bearish. The price could fall from 0.0127 USD to 0.00166 USD , or -86.921%. Next year the price of TRX could be $0.02032 . In 2025, the Tron rate could reach $0.1016 .
#2. TRON Price Prediction from TradingBeasts for 2020, 2022
In 2020, the price of TRON will not change much, it will only increase to $0.0241727 . In 2022, the TRON rate could be $0.0349044 .
#3. DigitalCoinPrice Forecast for Tron for 2020 and 2025
According to this source, Tron is profitable for investment. In 2020, the price of the TRX token may rise to $0.03145031 . Over the next 6 years, the price may also change and reach $0.05732635 .
#4. BitcoinTalk users' opinions
Just look at the chart and you will see that MACD, MA, EMA, OB, RSI - all indicators are showing a prolonged downtrend (bearish sign) and the price may fall to 0.001 USD, or the all-time low value, so I suggest all HODLers to sell with a buyback, so that in the event of an uptrend you do not lose your investment.
—DashingAgent
It is absolutely possible and I believe she can achieve much more, Justin is truly doing his best to attract investors to the TRON community and I am confident that there will be an immediate positive effect on the price of TRON if Justin's previously planned meeting with another businessman, but which he was forced to cancel due to kidney problems.
see also
Golem (GNT) price forecast for 2020
Amy December 19, 2019 6 minutes
But I know that once he recovers, he will continue his strategic moves, which I hope will truly help TRON achieve serious growth. If I'm right, he was one of the people who founded a casino site recently, and I think this isn't his only new product built with TRON that will attract top talent to his community.
—DashingAgent
Where can I buy
You can buy TRON on the following exchanges:
| Name | Couples |
| ABCC | ETH, BTC, USDT |
| Bgogo | ETH, BTC, USDT |
| Bibox | ETH, BTC, USDT |
| Binance | ETH, BTC, USDT, BNB, BUSD, USDC, PAX, TUSD, XRP |
| BitMart | ETH, BTC, USDT |
| BitTrex | ETH, BTC, USDT, USD, EUR |
| BitZ | ETH, BTC, USDT |
| Bitfinex | ETH, BTC, USD, EUR, JPY, GBP |
| Catex | ETH, BTC, USDT |
| CoinEx | ETH, BTC, USDT, BCH |
| CoinTiger | ETH, BTC |
| DDEX | ETH |
| DigiFinex | ETH, BTC, USDT |
| EXRATES | ETH, BTC, USD |
| EtherDelta | ETH |
| Ethermium | ETH |
| FCoin | ETH, BTC, USDT |
| Gatecoin | ETH, BTC |
| Gateio | ETH, USDT |
| HitBTC | ETH, BTC, USDT, BCH, EOS |
| HuobiPro | ETH, BTC, USDT |
| IDAX | ETH, BTC, USDT |
| IDEX | ETH |
| Kraken | ETH, BTC, USD, EUR |
| Kucoin | ETH, BTC, USDT |
| LAToken | ETH |
| LBank | ETH, USDT |
| Liqui | ETH, BTC, USDT |
| Liquid | ETH, BTC |
| LiveCoin | ETH, BTC, USD |
| OKCoin | ETH, BTC, USD |
| OKEX | ETH, BTC, USDT, USDC, USDK, OKB |
| P2PB2B | ETH, BTC, USD |
| Qryptos | ETH, BTC |
| RightBTC | ETH, BTC, USDT |
| StocksExchange | ETH, BTC |
| Tidex | ETH, BTC |
| TokenStore | ETH |
| Tokenomy | ETH, BTC |
| TradeSatoshi | ETH, BTC, USDT |
| Upbit | ETH, BTC, USDT, KRW |
| Yobit | ETH, BTC, USD, WAVES, YO, RUR |
| aax | ETH, BTC, USDT |
| bequant | ETH, BTC, USDT, EOS |
| bhex | ETH, BTC, USDT |
| bitcoincom | ETH, BTC, USD, BCH |
| bitmax | ETH, BTC, USDT |
| bkex | ETH, BTC, USDT |
| bw | ETH, BTC, USDT, QC |
| chaoex | ETH, BTC |
| coineal | ETH, BTC |
| coinsuper | ETH, BTC, USD |
| coss | ETH, BTC, USDT, USD |
| crex24 | ETH, BTC |
| fatbtc | ETH, USDT |
| huobikorea | ETH, BTC, USDT, KRW |
| oex | ETH, USDT |
| sistemkoin | ETH, BTC, USDT, TRY |
| ExtStock | ETH, BTC, USD |
| Abucoins | BTC |
| BTCAlpha | BTC, USD |
| BigONE | BTC, USDT |
| BitFlip | BTC, USD, UAH, RUB, EUR |
| Bitforex | BTC, USDT |
| Braziliex | BTC |
| CEX.IO | BTC, USDT, USD, EUR |
| Codex | BTC, USDT |
| CoinBene | BTC, USDT |
| CoinDeal | BTC |
| CoinFalcon | BTC |
| CryptoBulls | BTC |
| Cryptopia | BTC |
| Exmo | BTC, USD, UAH, RUB, EUR |
| Neraex | BTC |
| OpenLedger | BTC |
| Poloniex | BTC, USDT, USDC, USDJ |
| ZB | BTC, USDT, QC |
| Zecoex | BTC, USDT |
| biki | BTC, USDT |
| cobinhood | BTC |
| coinall | BTC, USDT |
| darbfinance | BTC |
| decoin | BTC |
| probit | BTC, USDT, KRW |
| tokensnet | BTC, USDT |
| EXX | USDT |
| ZBG | USDT |
| bitasset | USDT, TWD |
| coinfield | USDT, USD, XRP |
| dcoin | USDT |
| e55com | USDT |
| ftx | USDT, USD |
| tokok | USDT |
| trxmarket | USDT |
| bcbitcoin | EUR, GBP |
| Bithumb | KRW |
| Coinone | KRW |
| Korbit | KRW |
| coinzest | KRW |
| indodax | IDR |
| paribu | TRY |
The token has almost 90 markets.
Scandals with TRON cryptocurrency
The cryptocurrency is under suspicion due to the White Paper, which, as numerous sources indicated, was copied from other projects.
At least nine pages from the English TRON whitepaper were taken from the FileCoin and IPFS documents, ranging from probable copies of text to verbatim copying:
Wow! Absurd! TRON's “paper” is mostly copied from other projects, or is super basic p2p passed off as original. Zero references.
Archived that PDF in IPFS, in case they take it down: https://t.co/jv7EuSYenL pic.twitter.com/GbiL7MUrnc
— Juan Benet (@juanbenet) January 7, 2018
Additionally, the paper outlines key ideas without citing research, including the BitSwap IPFS concept. To make matters worse, the TRON team didn't just take ideas or verbal explanations, they also stole competitors' code.
Creator's response:
Our original version of the document is in Chinese and we have a link to the latest Chinese version. English, Korean, Japanese and Spanish translation was provided by volunteers.
Prospects for Tron (TRX)
It is clear that it will not be possible to see the finished product in the near future - testing of the platform’s capabilities by developers will take place at least until 2020. Many already consider the project another way to quickly make money on the trust and expectations of investors. However, there is no Google Play or Apple Store behind the Golden Shield (Chinese Firewall).
According to the developers, TRON is going to replace them at least in China, competing on a global scale. Tron cryptocurrency is one of the excellent tools for forming the right cryptocurrency investment portfolio. The project was and remains controversial, interesting, controversial, subject to both ups and downs. We will closely monitor the development of the TRON project.
Airdrop
TRON will send 30 million TRX to the Ethereum community as a show of gratitude for their support during the ERC20 phase. The coin will be distributed to active users with a balance of more than 1 ETH after January 2018. Each account will receive a random amount of TRX from 10 to 100.
Ethereum users who meet the following requirements will be eligible to participate in the airdrop:
1. Any account on the public blockchain that transfers or receives ETH from 01/01/2018 00:00:02 + UTC to April 20, 2018 00:00:04 + UTC (block 4832686 to block 5471198).
2. Has a balance of over 1 ETH as of April 20, 2020 at 00:00:04 + UTC (block 5471198).
The command does not require any action from Ethereum users. TRON will not ask for addresses or tokens as collateral. If you encounter suspicious activity like this, it is a scam.
