13
BB
Expand
Website
tron.network
Documentation
tokenin.cntokenin.cntokeninsight.com
Explorer
www.trxplorer.iotronscan.org
Contract
--
Audited By
--
Code & Community
Investors
Bixin Capital Blockchain Gaming Fund

About TRX

What is TRON (TRX)?

TRON (TRX) is among the top 30 digital assets by market cap as of March 2022, with TRX/USDT enjoying high trading volume and liquidity on several platforms, including KuCoin. Designed as an operating system on the blockchain, TRON is a decentralized platform where users can share and engage with content.

In addition to offering a simple solution for peer-to-peer content sharing, TRON provides a way for content creators to engage directly with their audience and earn rewards in a distributed ecosystem. Due to its high throughput, the TRON blockchain offers one of the best platforms for developing decentralized applications or dApps.

While the Bitcoin network can handle up to six transactions per second (TPS) and Ethereum can handle 25 transactions simultaneously, the TRON protocol boasts a capability of 2,000 TPS. TRON's blockchain technology is one of the first in the industry to take on centralized content-sharing platforms, applying the power of blockchain to the space.

With the entertainment industry being one of the busiest in the world for digital transformation, the TRON blockchain is somewhat of a pioneer in powering the decentralization of the concept. Removing the intermediaries makes content sharing on the TRON network more efficient and cost-effective for content consumers and potentially more rewarding for content creators.

In addition to TRX, the TRON ecosystem also supports TRC-20 tokens, contract standards that allow users to issue their own tokens within the blockchain. USDT, the world’s most popularly used stablecoin by market cap, is one of the most widely used digital assets which leverages the TRC-20 standard.

You can learn more about Tron(TRX) at our KuCoin Blog.

How Does TRON Work?

TRON is one of the first and leading blockchain networks focusing on decentralizing the web or revolutionizing the Web 3.0 sphere. In addition to its high transaction processing capabilities, the TRON blockchain is highly scalable, handling smart contracts effectively and supporting several users simultaneously.

TRON’s technology attempts to take on leading players in the content streaming space, such as Netflix and YouTube, powered by blockchain’s distributed infrastructure and operations. Like the Ethereum network, the TRON protocol utilizes its own TRON Virtual Machine (TVM), which can support smart contracts.

TRON’s blockchain employs a delegated proof-of-stake (DPoS) consensus mechanism and utilizes its native token, TRX, for staking and performing transactions within the ecosystem. TRON consists of three layers:

➢ Core Layer

The core layer consists of smart contracts, the DPoS consensus algorithm, and account management functions.

➢ Storage Layer

TRON’s storage layer is where the content or files are stored. They can include videos, music, or other files with extensive data.

➢ Application Layer

This layer of the blockchain is the one that supports the development of dApps.

TRON’s first development phase focused on building a free, decentralized content sharing and file storage platform. The next phase, Odyssey, introduced the concept of incentivizing content creators and consumers.

The third phase was called Great Voyage and focused on launching ICO capabilities within the TRON network. Content creators can use this feature to create their own personal ICOs or brand tokens for fostering engagement.

The subsequent three phases, Apollo, Star Trek, and Eternity, are focused respectively on letting content creators issue their tokens on the network, implementing decentralized gaming and forecasting within the ecosystem, and driving greater decentralization and monetization opportunities within the gaming industry.

Who Created TRON?

Justin Sun was the founder of the TRON protocol and now serves as the CEO of the TRON Foundation, a Singapore-based non-profit organization established in July 2017. The foundation raised $70 million shortly after being founded via an ICO to develop the TRON blockchain.

TRON’s testnet was launched in March 2018 with its Blockchain Explorer and very own Web Wallet. The TRON mainnet launch followed shortly, in May 2018, also called the Odyssey 2.0 release.

While its token TRX was initially an Ethereum-based ERC-20 token, the developers of TRON switched it to an independent peer-to-peer network in July 2018. This month also saw the TRON Foundation acquire BitTorrent - one of the world’s most extensive P2P file sharing services.

In its initial stages since launch, TRON’s services were focused mainly on the Asian market. This soon became global after establishing offices outside Singapore and in San Francisco.

In April 2022, TRON launched the world's first decentralized algorithmic crypto-backed stablecoin pegged to the US dollar, Decentralized USD (USDD). Justin Sun announced that the USDD stablecoin would be managed by the TRON DAO, which will support the token through the TRON DAO Reserve with over $10 billion in assets backing the stablecoin at launch.

Where to Buy TRON (TRX)

You can buy TRON from cryptocurrency exchanges and digital wallets that list the token among their offerings using your credit card, debit card, or existing cryptocurrencies. The most convenient way to buy TRON’s TRX is through a reliable cryptocurrency exchange like KuCoin.

On KuCoin, buying TRX is as simple as opening an account, funding it with cryptocurrency, and exchanging it for TRX. Here’s how it works:

➢ Get Started With an Account on KuCoin

Register for an account with KuCoin, if you are new here. Follow the steps to complete your KYC verification to unlock all features of your KuCoin account.

➢ Transfer Funds to Your KuCoin Trading Account

Fund your account with USDT via your credit card, debit card, PayPal, SEPA, or other supported payment methods. We at KuCoin support more than 70 different payment options. You can buy USDT on KuCoin via our P2P network or from trusted third-party sellers.

➢ Buy Crypto With Crypto on KuCoin

Another way to fund your account is by transferring your existing cryptocurrencies into the KuCoin account and using them for trading TRX on our platform.

➢ Trade TRX/USDT on KuCoin

Once you have added your funds, head to our Spot Trading section to find the TRX/USDT pair. Check the current TRX price, market cap, 24h volume, and news before you trade Tron. You can also perform fundamental, technical, and sentiment analysis on the TRON price graph on the page before placing your trade.

Enter the amount of USDT you wish to exchange and confirm the amount of TRX you can receive and the transaction fees before placing the order. In a short period, after the trade concludes successfully, your TRX holdings will appear within your trading account on KuCoin.

➢ Store Your TRX Coins

You can choose to hold your TRX coins on KuCoin or transfer them to an external digital wallet for secure storage.

FAQ

Is TRON (TRX) a Good Investment?

TRON is a large blockchain platform with a good goal - decentralizing content sharing and the overall web. With the rise in Web 3.0 adoption, ecosystems like TRON will gain more attention from the developer community and users. The increased awareness could positively impact the price performance of TRON.

This, in turn, can drive up the on-chain activity within the network and send the TRON price, TRX market cap, and trading volume higher in the future. With its goal to take on giant streaming platforms through decentralized technology, TRON’s value proposition in the market is relatively strong, which also works well for the cryptocurrency from an investment perspective.

In addition, the blockchain’s high throughput, scalability, and energy-efficient delegated proof of stake consensus mechanism make it an appealing platform for developing dApps. As more developers look for alternatives to Ethereum for decentralized apps, the TRX price and market cap could climb higher and make TRON even more valuable as a digital asset.

What is The Circulating Supply of TRON (TRX) Crypto?

The TRON blockchain has a fixed circulating supply of over 101 billion TRX tokens initially created at the launch. Of these, 15.75 billion TRX coins were set aside for the private token sale, while 40 billion tokens were put up for sale during the ICO.

The TRON Foundation was assigned more than 34 billion TRX, which it chose to lock up from the time of TRON’s mainnet launch in June 2018 until 1 January 2020. In addition, 10 billion TRX was allocated to Peiwo Huanle (Beijing) Technology Co, a company owned by TRON’s CEO Justin Sun.

The breakdown discussed above reveals that around 45% of the total supply of TRX went to the project and its founder, while about 55% was made available to investors. As of July 2022, the TRX circulating supply stands at above 92 billion, while there is no data about its max supply.

What Can You Do on TRON?

TRON was designed originally to bring about decentralization within the digital entertainment industry. From gaming to social media, TRON offers an attractive ecosystem for creating and sharing content on the internet, monetizing these opportunities, and making all kinds of digital entertainment far more efficient.

In addition to being a convenient way to share and store content online in a distributed environment, TRON also has smart contract functionality. This lets developers build various kinds of decentralized apps on the platform.

TRON supports dApps across DeFi, gaming, social media, and more categories. Its high TPS and other features make it a robust platform for developing decentralized apps.

What Can You Use TRX For?

TRX is the native token of the TRON blockchain ecosystem and is used primarily for staking and interacting with dApps in the network. In addition, the TRX cryptocurrency is also an attractive digital asset to invest in and trade.

The TRX crypto also serves as the virtual currency, which can be used within the dApps built on the TRON platform. Staking TRX can let you participate in the governance of the TRON blockchain. It lets you earn rewards called ‘TRON Power’ while giving you the right to participate in voting on proposals to update the ecosystem.

When the TRON price and market cap rise, it becomes an attractive store of value for an investor. On the other hand, you can also choose to sell TRX for other cryptocurrencies when you find opportunities to grow your capital. We recommend reviewing the TRON price action and top stories and performing fundamental and technical analysis before trading TRX.

The TRX coin is also a convenient way to make digital payment transfers. This is one of its key strengths, as the TRON blockchain charges zero transaction fees when sending or receiving TRX payments within the network, all at a far higher speed than some of the leading blockchain networks in the market.

13
BB
Expand
Website
tron.network
Documentation
tokenin.cntokenin.cntokeninsight.com
Explorer
www.trxplorer.iotronscan.org
Contract
--
Audited By
--
Code & Community
Investors
Bixin Capital Blockchain Gaming Fund

About TRX

What is TRON (TRX)?

TRON (TRX) is among the top 30 digital assets by market cap as of March 2022, with TRX/USDT enjoying high trading volume and liquidity on several platforms, including KuCoin. Designed as an operating system on the blockchain, TRON is a decentralized platform where users can share and engage with content.

In addition to offering a simple solution for peer-to-peer content sharing, TRON provides a way for content creators to engage directly with their audience and earn rewards in a distributed ecosystem. Due to its high throughput, the TRON blockchain offers one of the best platforms for developing decentralized applications or dApps.

While the Bitcoin network can handle up to six transactions per second (TPS) and Ethereum can handle 25 transactions simultaneously, the TRON protocol boasts a capability of 2,000 TPS. TRON's blockchain technology is one of the first in the industry to take on centralized content-sharing platforms, applying the power of blockchain to the space.

With the entertainment industry being one of the busiest in the world for digital transformation, the TRON blockchain is somewhat of a pioneer in powering the decentralization of the concept. Removing the intermediaries makes content sharing on the TRON network more efficient and cost-effective for content consumers and potentially more rewarding for content creators.

In addition to TRX, the TRON ecosystem also supports TRC-20 tokens, contract standards that allow users to issue their own tokens within the blockchain. USDT, the world’s most popularly used stablecoin by market cap, is one of the most widely used digital assets which leverages the TRC-20 standard.

You can learn more about Tron(TRX) at our KuCoin Blog.

How Does TRON Work?

TRON is one of the first and leading blockchain networks focusing on decentralizing the web or revolutionizing the Web 3.0 sphere. In addition to its high transaction processing capabilities, the TRON blockchain is highly scalable, handling smart contracts effectively and supporting several users simultaneously.

TRON’s technology attempts to take on leading players in the content streaming space, such as Netflix and YouTube, powered by blockchain’s distributed infrastructure and operations. Like the Ethereum network, the TRON protocol utilizes its own TRON Virtual Machine (TVM), which can support smart contracts.

TRON’s blockchain employs a delegated proof-of-stake (DPoS) consensus mechanism and utilizes its native token, TRX, for staking and performing transactions within the ecosystem. TRON consists of three layers:

➢ Core Layer

The core layer consists of smart contracts, the DPoS consensus algorithm, and account management functions.

➢ Storage Layer

TRON’s storage layer is where the content or files are stored. They can include videos, music, or other files with extensive data.

➢ Application Layer

This layer of the blockchain is the one that supports the development of dApps.

TRON’s first development phase focused on building a free, decentralized content sharing and file storage platform. The next phase, Odyssey, introduced the concept of incentivizing content creators and consumers.

The third phase was called Great Voyage and focused on launching ICO capabilities within the TRON network. Content creators can use this feature to create their own personal ICOs or brand tokens for fostering engagement.

The subsequent three phases, Apollo, Star Trek, and Eternity, are focused respectively on letting content creators issue their tokens on the network, implementing decentralized gaming and forecasting within the ecosystem, and driving greater decentralization and monetization opportunities within the gaming industry.

Who Created TRON?

Justin Sun was the founder of the TRON protocol and now serves as the CEO of the TRON Foundation, a Singapore-based non-profit organization established in July 2017. The foundation raised $70 million shortly after being founded via an ICO to develop the TRON blockchain.

TRON’s testnet was launched in March 2018 with its Blockchain Explorer and very own Web Wallet. The TRON mainnet launch followed shortly, in May 2018, also called the Odyssey 2.0 release.

While its token TRX was initially an Ethereum-based ERC-20 token, the developers of TRON switched it to an independent peer-to-peer network in July 2018. This month also saw the TRON Foundation acquire BitTorrent - one of the world’s most extensive P2P file sharing services.

In its initial stages since launch, TRON’s services were focused mainly on the Asian market. This soon became global after establishing offices outside Singapore and in San Francisco.

In April 2022, TRON launched the world's first decentralized algorithmic crypto-backed stablecoin pegged to the US dollar, Decentralized USD (USDD). Justin Sun announced that the USDD stablecoin would be managed by the TRON DAO, which will support the token through the TRON DAO Reserve with over $10 billion in assets backing the stablecoin at launch.

Where to Buy TRON (TRX)

You can buy TRON from cryptocurrency exchanges and digital wallets that list the token among their offerings using your credit card, debit card, or existing cryptocurrencies. The most convenient way to buy TRON’s TRX is through a reliable cryptocurrency exchange like KuCoin.

On KuCoin, buying TRX is as simple as opening an account, funding it with cryptocurrency, and exchanging it for TRX. Here’s how it works:

➢ Get Started With an Account on KuCoin

Register for an account with KuCoin, if you are new here. Follow the steps to complete your KYC verification to unlock all features of your KuCoin account.

➢ Transfer Funds to Your KuCoin Trading Account

Fund your account with USDT via your credit card, debit card, PayPal, SEPA, or other supported payment methods. We at KuCoin support more than 70 different payment options. You can buy USDT on KuCoin via our P2P network or from trusted third-party sellers.

➢ Buy Crypto With Crypto on KuCoin

Another way to fund your account is by transferring your existing cryptocurrencies into the KuCoin account and using them for trading TRX on our platform.

➢ Trade TRX/USDT on KuCoin

Once you have added your funds, head to our Spot Trading section to find the TRX/USDT pair. Check the current TRX price, market cap, 24h volume, and news before you trade Tron. You can also perform fundamental, technical, and sentiment analysis on the TRON price graph on the page before placing your trade.

Enter the amount of USDT you wish to exchange and confirm the amount of TRX you can receive and the transaction fees before placing the order. In a short period, after the trade concludes successfully, your TRX holdings will appear within your trading account on KuCoin.

➢ Store Your TRX Coins

You can choose to hold your TRX coins on KuCoin or transfer them to an external digital wallet for secure storage.

FAQ

Is TRON (TRX) a Good Investment?

TRON is a large blockchain platform with a good goal - decentralizing content sharing and the overall web. With the rise in Web 3.0 adoption, ecosystems like TRON will gain more attention from the developer community and users. The increased awareness could positively impact the price performance of TRON.

This, in turn, can drive up the on-chain activity within the network and send the TRON price, TRX market cap, and trading volume higher in the future. With its goal to take on giant streaming platforms through decentralized technology, TRON’s value proposition in the market is relatively strong, which also works well for the cryptocurrency from an investment perspective.

In addition, the blockchain’s high throughput, scalability, and energy-efficient delegated proof of stake consensus mechanism make it an appealing platform for developing dApps. As more developers look for alternatives to Ethereum for decentralized apps, the TRX price and market cap could climb higher and make TRON even more valuable as a digital asset.

What is The Circulating Supply of TRON (TRX) Crypto?

The TRON blockchain has a fixed circulating supply of over 101 billion TRX tokens initially created at the launch. Of these, 15.75 billion TRX coins were set aside for the private token sale, while 40 billion tokens were put up for sale during the ICO.

The TRON Foundation was assigned more than 34 billion TRX, which it chose to lock up from the time of TRON’s mainnet launch in June 2018 until 1 January 2020. In addition, 10 billion TRX was allocated to Peiwo Huanle (Beijing) Technology Co, a company owned by TRON’s CEO Justin Sun.

The breakdown discussed above reveals that around 45% of the total supply of TRX went to the project and its founder, while about 55% was made available to investors. As of July 2022, the TRX circulating supply stands at above 92 billion, while there is no data about its max supply.

What Can You Do on TRON?

TRON was designed originally to bring about decentralization within the digital entertainment industry. From gaming to social media, TRON offers an attractive ecosystem for creating and sharing content on the internet, monetizing these opportunities, and making all kinds of digital entertainment far more efficient.

In addition to being a convenient way to share and store content online in a distributed environment, TRON also has smart contract functionality. This lets developers build various kinds of decentralized apps on the platform.

TRON supports dApps across DeFi, gaming, social media, and more categories. Its high TPS and other features make it a robust platform for developing decentralized apps.

What Can You Use TRX For?

TRX is the native token of the TRON blockchain ecosystem and is used primarily for staking and interacting with dApps in the network. In addition, the TRX cryptocurrency is also an attractive digital asset to invest in and trade.

The TRX crypto also serves as the virtual currency, which can be used within the dApps built on the TRON platform. Staking TRX can let you participate in the governance of the TRON blockchain. It lets you earn rewards called ‘TRON Power’ while giving you the right to participate in voting on proposals to update the ecosystem.

When the TRON price and market cap rise, it becomes an attractive store of value for an investor. On the other hand, you can also choose to sell TRX for other cryptocurrencies when you find opportunities to grow your capital. We recommend reviewing the TRON price action and top stories and performing fundamental and technical analysis before trading TRX.

The TRX coin is also a convenient way to make digital payment transfers. This is one of its key strengths, as the TRON blockchain charges zero transaction fees when sending or receiving TRX payments within the network, all at a far higher speed than some of the leading blockchain networks in the market.