What is tron (TRX)?
“TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem. Peiwo App with over 10 million users will become the first TRON-compatible entertainment APP”
TRON will allow people to upload social media content in to their platform. Their technology has potentioal to rival platform provider such as google play and apple store wich are acting like a midleman between publisher and user. TRON will allow creators of digital content to cut out middlemen. It is basically a decentralised cryptocurrency version of google play or the appstore.
Tronix (TRX) is the official currency of TRON. Founded by a non-profit Singapore-based foundation, According to its whitepaper, “TRON’s team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups.” Tim Berners-Lee is the founder of the World Wide Web.
By contributing to TRON platform will earn Tronix Tokens.
TRON will serve those who enjoy global entertainment. Like facebook, youtube etc. And the content that we create will used to reward us rather than profit big corporations.
TRON will provide relevant participants with the following infrastructures :
1.High-quality content platform
2.Social network that allows a link among all people
3.Digital currency as bridge between users and content creators.
Today the digital entertainment product market is worth $1 trillion. TRON is the first smart contract blockchain protocol with 10 million wallet users. It’s a first share economy in the entertainment industry. That provides payment, development, storage, and credit sharing, features to enhance the global entertainment industry.
So users can produce and store their digital content on the blockchain, Keep it secure, They can share it with anyone, And they also earning from their content.
So TRON will break barriers between entertainment apps. It will provide a platform to store, securely share users information within the entertainment industry. And the TRONIX token can track users behavior.
Core Values of Tron
1.Date creators (users) will have the fundamental ownership of data, and the internet should be decentralized. This was proposed by doctor Tim Berners-Lee at the time when the internet was born and the original intention for creation of the internet.
2.Those who make a contribution to ecological TRON will be entitled to proportional profits according to rules. A value network has the greatest advantage that may digitally capitalize anything in social and media networks.
3.All forms of contribution should be of equal quantitative value. Substantially, the time invested by participants, excellent contents created and attention are of the measure value as equal as the furnished capitals.
4.The fundamental objective of TRON is to provide services for the public. As an ecology operated by a non-profit foundation, TRON is designed to serve the masses who enjoy content entertainment throughout the world, rather than for the purpose of gaining profits. All TRON participants will benefit from its prosperity.
5.Contents should derive from people rather than capitals which should be used to reward people rather than to control people. Cultural and creative industries should be mainly driven by the pursuit of the quality of art and contents by content creators, artists and scriptwriters rather than the capitalists who consume no contents.
Key Characteristics of TRON
TRON’s aim is to “Heal the Internet” through the following Characteristics
1. Data Liberation: on a free and uncontrolled basis, the contents including characters, pictures, audios and videos may be unloaded, stored and spread.
2. Content enabling: digital assets are obtained through provision and spread of contents, thus economically stimulating the enabling of content ecology.
3. Personal ICO: an individual may freely distribute digital assets in the form of ICO, while others may enjoy the benefits and services brought due to the continuous development of data contributors by purchasing digital assets.
4. Infrastructure: with distributed digital assets will be equipped with a complete set of decentralized infrastructures, including distributed exchange, autonomous gaming, forecast and game system.
TRON Power (TP) and TRON 20 Token
TRON’s official currency is TRONIX. TRONIX is the basic unit of accounts in TRON’s blockchain. The value of all other tokens are derived from the value of TRON.
TRON Power (TP) TP is locked TRON. Users can acquire TP by locking their TRONIX. TP, in nature, is TRONIX with voting right, which means TP holders have more privileges in the ecosystem.
TRON 20 TOKEN Content owners (IPs, individuals, and groups) can issue their digital assets freely through TRON 20 standards, while others can enjoy the benefits and services brought by the constant growth of data contributor by buying these digital assets.
How TRON Works
TRON is huge and long term project Having different phases from Exodus in 2017 to Eternity in 2025.
In this phase on the basis of the distributed storage technology, TRON will provide users with a completely free and reliable platform for data publication, storage and dissemination.
Content Empowerment :Economic incentives, empowerment, content ecology and block chain technology will create a fully competitive economic mechanism with fair returns for content creation, distribution and dissemination. Therefore, individuals can be encouraged and contents can be empowered, thus constantly expanding the boundary of the system.
Personal ICO :Based on the advantage of block chain, TRON solves three major issues: income measurement, dividend payment and management of supporters, and achieves significant transformation from the “fan economy” to the “fan finance”.
Free Movement of Value—De-centralized Token Trading Exclusively for Individuals
To reach the goal that each content producer in the TRON system can issue their own tokens, the system must have a complete solution for de-centralized tradings. Through the establishment of the de-centralized trading platform, the value, property rights and risks of the system can be freely traded and exchanged, thus increasing the economic vitality of the whole system in geometric multiples.
Traffic Monetizing—Gaming of De-centralization and Market Forecast
The size of the global gaming market in 2014 exceeded $450 billion. Traffic brought by the TRON content platform makes it possible to build an online gaming platform for de-centralization. Developers can freely build online gaming platforms through TRON, providing fully autonomous gamings and predicting market functions.
Traffic Conversion—De-centralized Game
In 2016, the global video game market amounted to $ 9.66 billion, of which the scale of the phone game market was $ 4.61 billion, accounting for 42%. TRON provides the possibility for establishing an on-line game platform. Developers can freely set up game platforms through TRON, achieve crowd-funding for game development, and make it possible for common investors to invest in games.
August 3-2017 to August 24-2017 was the TRON ICO Date.
Justin Sun is the founder and CEO of TRON. He also Founded Peiwo App(Voice live streaming app) China’s equivalent of Snapchat. And Peiwo App is the first TRON compatible app.He is also Known as “the next jack ma”, the founder of Alibaba.
27 Years old Justin Sun is.
- Graduate of the University of Pennsylvania
- 2015 Forbes China 30 under 30
- 2017 Forbes Asia 30 under 30
- founder of Peiwo APP (China’s Snapchat)
- attendee of Hupan University founded by Jack Ma
- former chief representative of Ripple China.
TRON (TRX) Market
TRX is not a minable coin. The current circulating supply was 65,748,192,475 TRX with a total supply of 100,000,000,000 TRX.
How to Buy or Trade TRX.
You can buy and trade TRX on Binance For BTC, ETH or BNB. Binance is a very popular cryptocurrency trading platform. Due to its very low fees. You can buy BTC or ETH From Coinbase, Coinmama, UNOCOIN, KONIX Or here is our guide to buy BTC and To Buy ETH.
Secure Your TRX Tokens.
Please Note that this is not a financial advise. Please do your own research before Investing in any coin. The Cryptocurrency market is so volatile. Invest only what you are willing to loose.