What’s TRON and why you should know about it?
TRON (TRX) is an aspiring project which aims to build the infrastructure of a truly autonomous internet. It is born as a blockchain based entertainment created to get rid of the middleman by bridging a gap between content creators and its consumers.
The TRON Protocol, which is one of the biggest blockchain-enabled platforms in the world, is known for features like scalability, high availability and high quantity support that act as the foundation of all decentralized applications of the TRON ecosystem.
The Token used by Tron is Tronix (TRX), you can purchase Tronix on platforms like Binance (follow the previous link if you want to buy TRX). In order to acquire TRON you can exchange it for other cryptocurrencies like ETH (Ethereum) or BTC (Bitcoin) on Binance, you can use FIAT currencies. TRON can be stored on any wallet that support the Ethereum blockchain (MyEtherWallet for instance). The token is used by users to pay for the content they want to obtain.
In terms of allocation of these tokens, Tron has presented a model:
• Public offering: 40% (40,000,000,000)
• TRON Foundation and the ecosystem: 35% (35,000,000,000)
• Private offering: 15% (15,000,000,000)
• Pay initial supporter-Pei Wo Huanle (Beijing) Technology Co., Ltd.: 10% (10,000,000,000)
• Total : 100 ,000,000,000
Why is TRON unique?
First of all, the Tron network content release is free and uncontrolled. With this platform, you can access a really wide range of content like characters, images, audio, and video. The provision of content uses digital assets to get through the delivery and distribution of content cost to stimulate the creation of environmental content.
One of the key features of Tron is also the fact that it uses Personal ICO. A Personal ICO is a person can freely distribute digital assets in the form of ICO, while others can enjoy the benefits and services caused by continuous data development by buying digital assets.
What makes TRONIX a unique alt coin, is that it’s run by completely decentralized infrastructures “including distributed exchange, autonomous gaming, forecast and game system,” states its website.
An ambitious Road Map
Tron’s Road Map is divided into six stages:
First Step: Allowing users to release data on a reliable and free platform. This platform will allow them to store, publish and distribute data. It works as a peer to peer platform, without the inter-mediation by a third-party.
Second Step: It is called “Odysseus, and it’s dedicated to the expansion of the right to content. This stage will be the beginning of the competitiveness of the economic system. Indeed, this will be made possible thanks “to the environmental content, empowerment, blocking technology and economic incentives” (Tron’s official website).
Third Step: It is called “Great Voyage, it’s a personal ICO set to solve major issues like dividend payments, supporter management, and income measurement.
Fourth Step: The “Apollo” stage. Based on the free movement of value. Each content producers would be able to create their own token. This is a very complicated stage that requires the creation of a decentralized trading platform.
Fifth Step: This one has the name of the iconic Sci-fi movies: Star Trek. With this, Tron will go one step further by monetizing its traffic. Justin Sun wants to create a decentralized online gaming platform.
Finally, the last step is to transform the traffic by offering a proper online gaming platform. Developers will be able to freely create their own gaming platforms through Tron and users will be able to invest in games they are interested in.
Current live value
See the evolution of TRX in real time:
Recently TRON has made some noise by launching their Testnet (every large-scale project like this needs to be tested before). The Testnet launched on April 2nd and it was very awaited by the crypto community. Indeed, it gathered 127,000 viewers on Periscope and more than 3,000 retweets. This is considered as a big success from Tron’s team.
TRON coin currently holds the 13th position in terms of market capitalisation according to CoinMarketCap; in April 2017 it oscillates between 0.3 and 0.6 USD but it saw a skyrocketing increase in its price at the beginning of the year like many of the cryto currencies. In only 5 days in January 2018, its market cap went from $3 billion (price $0.004) and to $18.9 billion (price $0.28), in an unprecedented spike. This value increase has been followed by a progressive decrease until the altcoin was stable between 0.3 and 0.6 USD. It is 0,5 dollars today.
TRON January 2018 hype could be explained by the rumors about a partnership between Tron and Alibaba – Justin Sun and Jack Ma (founder of Alibaba). Justin was hand-picked by Jack Ma himself at the age of 26 to study at the Jack Ma Hupan University for entrepreneurs. The rumors say that Alibaba could accept TRX payment in the future.
Justin Sun(@justinsuntron) is already the CEO of the largest voice live stream app in China PEIWO that has 30 million users. Tron already has functional decentralized apps already running on it, and PEIWO is one of its users. TRON’s very own App Market called Dapps already have 100 million existing users, these apps will migrate to the final version of the platform at the end of May 2018.
Justin Sun is very active on the web, early this year he started a campaign called Get $TRX Tron coin on Coinbase which only gathered 7,657 signatures.
Concluding, TRON is a big and hopeful project that could transform the way we consume games and entertainment in the next decades, but cryptocurrencies are highly volatile and their future is uncertain. If Tron manages to execute its roadmap with success, the altcoin could become the most reliable in the entertainment industry.
Leave a Reply