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Tuesday, June 15, 2021

Tronix (TRX): overview and future.

Tron is a block chain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.

Who is the creator of Tronix (TRX)?

Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. 

Current stats of Tronix (TRX)

Let’s have some current stats about TRX.

Current price of TRX:

Current price of TRX is $0.0768 (it may be different as market fluctuations).

Market cap of TRX:

Market cap of TRX is 5.42 Billion tokens.

Maximum supply of TRX:

Maximum supply of TRX is 71.66 Billion tokens.

What are the advantages and disadvantages of Tronix (TRX)?

Advantages of Tronix (TRX):

  • TRON aims at the development of the market of entertainment content, which has very high prospects in the future. It covers several areas at once and includes a video hosting, social network, streaming platform, gaming portal, online casino, payment platform, and online edition.
  • The main idea of TRON is to create a decentralized entertainment platform on which users could create and monetize content without intermediaries.
  • The currency is created by a strong team of developers. Some TRON developers have experience in large well-known companies, including those related to cryptocurrency. The development of TRON involved Ripple Labs specialists.
  • TRON can support a large number of running applications. At the moment, the network is capable of processing 2000 transactions per second.

Disadvantages of Tronix (TRX):

  • The TRON platform is often accused of being too centralized. About 50% of the TRX tokens on the market are stored in ten addresses. Consequently, the owners of these addresses can influence the price of this cryptocurrency. The fact that none of the users is aware of who owns these tokens rocks the boat.
  • Only 15% of the issued coins are available for private investment. A limited number of developers and large investors owns the rest. No matter how the opposite is stated, there is always the temptation to move the TRON cryptocurrency rate in the right direction.
  • At the moment, only the first part of the TRON project roadmap has been implemented, which involves launching its blockchain. The remaining plans that should turn the TRON blockchain into a decentralized Internet are written down several years in advance. That is why, despite the presence of its own network, the platform is still at the initial stage of development.

From where you can buy or trade Tronix (TRX)?

There are many platforms from which you can buy or trade TRX. Some of them are,

  1. Binance
  2. WazirX
  3. Coinbase
  4. Coinswitch Kuber
  5. Gemini

Is Tronix (TRX) a good investment?

If you still doubt on getting Tron, then at present, there are several projects on the digital assets market that deserve attention, and no one can stop you from researching more about different currencies.

Still, Tron is considered to be a good and widespread coin. Tron’s capitalization today is 1.47 billion dollars. Though, the dynamism of the cryptocurrency market is changing all the time. And it may switch the balance of power of the leading players on the market. Even more, other significant and challenging projects can be created. So have patience can invest for future.

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