What is Tron (TRX)? Where and How Can I Buy Tron?
Tron is a blockchain network that aims to be a platform for creative people. With Tron, artists, writers, illustrators, film-makers, and musicians can release their work without having to publish on large centralised platforms such Amazon, YouTube, Apple, Facebook, and more.
This new cryptocurrency was created to challenge the world’s leading platform for global entertainment, and it has been thriving since its first deployment in 2017.
Here’s everything you need to know about Tron, the network and its native cryptocurrency.
New to blockchain and cryptocurrencies? Read first about what a cryptocurrency is.
What is the Tron Network?
Tron is a blockchain platform for global digital content entertainment and was founded by Justin Sun through the Tron Foundation, a Singapore-based non-profit organisation.
The project offers security, scalability, and privacy. Furthermore, it aims to be a platform on which users can share digital content easily and inexpensively.
It also allows users to create their own personalised tokens on the platform, and allows initial coin offerings (ICOs) in order for the token issuer to raise funds, create collectibles, or set up a personal payment system.
Learn more: What are ICOs? Initial Coin Offerings Explained.
What is Tronix (TRX) and how does it work?
Tron’s native currency is Tronix (TRX), and it is a token that carries value, is tradable, and powers the token economy of the Tron Network. Its most simple use case is a payment system in which audiences pay with TRX for the content that they want. The creator(s) of that content will also receive TRX from the audience.
What is the goal of Tron?
The goal behind the Tron (TRX) platform is to remove the middlemen of the content distribution industry, such as social media platforms and giant publishers. An increasingly apparent problem is that these companies have an unfair advantage over the audiences, content creators, and advertisers.
Audiences have to agree to share some of their data in order to use the platform. This data is then sold to advertisers; a small portion of the ad revenue generated is rewarded to content creators. On some platforms, audiences are still plagued by relentless advertising even if content creators have not attempted to monetize their content.
The Tron Network wants to return the freedom to its users so that audiences have more control over their data sharing policy, and content creators can enjoy a more proportionate share in ad revenue while keeping the ads to a minimum.
Tron allows anyone to share content with the world and be rewarded for it. Nobody apart from you will benefit from your contribution to the network. Content published on the Tron Network is also censor-resistant, which means no government bodies can shut down access.
Should you invest in Tron (TRX)?
There are several reasons why Tron (or rather, Tronix the cryptocurrency) is worth investing into:
- The Tron Network raises a futuristic vision and is built on solid infrastructure.
- The Tronix token has presented better performance in the market than other cryptocurrencies in bearish trends.
- Decentralisation of content on the Internet empowers users and prohibits different types of censorship (e.g. YouTube applied censorship on content about cryptocurrencies in 2019).
- Tokens are frequently burned in order to slow down their circulation a little, causing their price to rise due to increased demand.
- Not many projects can compete with Tron’s vision.
Tron is proof of a cryptocurrency project based on collaborative work, which opens up to all members from all nations to participate. This principle encourages the participation of users in the Tron Network around the world.
Buying TRX tokens is even easier than making a bank transfer (faster too) and you can do it from multiple platforms and crypto exchange companies that have a Tron wallet.
How to buy Tron Coin (TRX)?
Anyone can acquire Tronix in multiple ways, but the most common is through exchange companies. These platforms are made up of a market in which hundreds of tokens circulate and each one has value.
However, big exchange companies are often criticized for not always supporting fiat currency payments, as not everyone has the other cryptocurrencies to exchange.
For this reason, Easy Crypto offers a local platform in several countries, with straightforward payment methods (using debit or credit cards, for example) to buy a long list of cryptocurrencies. Through a simple direct transaction, the acquired tokens will be sent to your own wallet.
Add TRX to your portfolio: Click here to buy Tron today.
How to profit from Tron?
If you are interested in creating content, you can be part of the project and offer your contribution, which will be rewarded in TRX and you get the opportunity to establish a new scope of work and income.
In addition, the price of TRX tends to fluctuate, so you can take advantage of other price variations and make profits. It is as simple as buying TRX tokens at a good price and selling them when it increases.
Track the market. See the current price of Tron.
Now that you finally know everything about Tron, how do you feel about trying it? Do not hesitate to contact the Easy Crypto team if you want to buy some Tronix.
We are always ready to help.