

Rank: # 10
Market Cap: $ 32,398,711,362
Volume (24hrs): $ 2,990,028,498
Circulating Supply: 94,724,719,120 TRX
Price in BTC: Ƀ 0.00000288
Change (1 Hr): -0.96%
Change (7 Days): 8.57%
Change (30 Days): 24.07%
All Time High: $ 0.431288
All Time High Date: December 4, 2024
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- News
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# | Source | Pair | Volume | Price | Change | Updated |
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- Corporations have acquired 1% of Ether supply: Standard CharteredCointelegraph.com News - 3 minutes agoCorporations have accumulated 1% of all Ether since June, with Standard Chartered forecasting 10% ownership as institutional appetite for ETH continues to grow. Corporations are…
- Former SEC official joins Veda as General Counsel amid DeFi expansionCointelegraph.com News - 14 minutes agoVeda protocol has appointed former SEC senior counsel TuongVy Le as general counsel, weeks after securing $18 million in venture capital funding. Decentralized finance platform…
- China’s JD.com registers ‘Jcoin’ ahead of Hong Kong stablecoin regimeCointelegraph.com News - 28 minutes agoChina’s JD.com announced plans for a Hong Kong dollar stablecoin last summer and is now expected to be among the first issuers under HKMA’s stablecoin…
- Hong Kong finalizes stablecoin rules, launches public registryCointelegraph.com News - 46 minutes agoThe HKMA completed stablecoin regulations set to take effect Aug. 1, warning no licenses have been issued and urging caution against hype and scams. The…
- Linea airdrop: 85% to users, builders as L2 seeks Ethereum alignmentCointelegraph.com News - 1 hour agoDeclan Fox, global product lead for Linea, said there is no exact date for the token generation event yet, but details will be shared a…
What is TRON?
Tronix (TRX) is a coin, initially launched on Ethereum Blockchain as an ERC-20 token. However, in June 2018 Tron foundation launched their own proprietary Blockchain that promised to have higher transaction speeds than Ethereum. The transaction speed of Tron in tests was 2000 Transactions per second (TPS) compared to Ethereum 25 TPS. The shifting from Ethereum blockchain to Tron blockchain was completed by burning 1 billion ERC-20 tokens (TRX). Tron is available on major exchanges such as Binance, OKEx, Huobi, Kucoin, Bittrex etc.
The purpose of TRX coin is to be a decentralized content distribution platform for the social media and digital entertainment industry. Some of the features of TRX includes the ability to upload, save and download images, audio, video, and characters. Tron can be considered as a next generation social media outlet where one can share the content with anyone on the internet and get paid in form of TRX coin. It empowers the user to manage, secure and distribute the content as and when required, thus enhancing the privacy.
Tron is the vision of Justin Sun, who is the founder and CEO of Tron foundation. He remained a chief representative of Ripple (XRP) in China. He is also the founder of "Peiwo" website with a registered user base of over 10 million. The live streaming app of "Peiwo" is fully integrated with Tron. Tron is headed to revolutionize the social media with its decentralization technology.
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