What is Tronix (TRX)?
Tronix (TRX) is the official currency of TRON, which aims to be a decentralized entertainment content sharing platform eventually leveraging blockchain and peer-to-peer (p2p) network technology. Founded by a non-profit Singapore-based foundation, the Tron Foundation seeks to tackle the global entertainment industry – currently valued at $1 trillion.
According to its whitepaper, “TRON’s team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups.” Tim Berners-Lee is the founder of the World Wide Web.
TRON’s open, decentralized platform and distributed storage technology will allow creators of digital content to cut out middlemen such as the Apple store and Google play store. Content producers will thus be able to obtain funds directly from consumers.
Currently, a lot of user data and traffic is controlled by a few corporations like Google, Facebook, Amazon, & Snapchat. TRON attempts to mitigate this control by placing ownership of the data back into the creator’s hands.
TRON wants to “Heal the Internet” through the following features:
Data liberation: free and uncontrolled data
Enabling content ecosystem where users can obtain digital assets from content spreading
Personal ICO with the ability to distribute digital assets
Infrastructure to allow distributed digital assets exchange (such as games) and market forecasting.
Economic Gain: TRON 20 Token and TRON Power (TP)
The Tron 20 Token will hold value and allow individual content owners to make custom tokens on the platform, similar to the cryptocurrency Waves. It should be noted that the TRON 20 Token is not the same as Tronix, which is the medium of exchange on the platform.
With the company seeking long-term investment and pushing away those investors looking to make a quick profit, the TRX token themselves will be able to be locked away to gain TP. Doing so will give users upward mobility in the ecosystem with power moves such as voting rights and higher status. The longer your tokens are locked away, the more TP TRON will reward you.
This is a long-term project with a set of phases beginning with Exodus in 2017 and ultimately leading to Eternity in 2023. Below are the key features of each stage.
Exodus: The free platform for peer to peer distribution, storage, and content.
Odyssey: Economic incentives put in place to encourage content creation and empowerment
Great Voyage: Individual ICO capabilities
Apollo: Ability for content producers to issue personal tokens (TRON 20 Token)
Steps 5 and 6 both look to further the ability to decentralize the gaming industry. They allow developers to build gaming platforms freely and then achieve monetary incentives upon establishment of said games.
Sign up with BITPANDA a trusted cryptocurrency exchange. Buy some Ethereum which you will use to purchase your Tron TRX
In your BINANCE account click on
FUNDS - DEPOSIT- SELECT COIN -ETHEREUM
Copy and paste your Ethereum address and paste it in your Bitpanda Ethereum wallet.
Send the Ethereum. Once your Ethereum has cleared, use it to purchase your TRX by clicking
Tron TRX migration will take place from June 25th
TRX made the top 20 cryptocurrency list extremely rapidly. It is currently in the top 10 on coinmarketcap.com . It Made John McAfees coin of the week. Tron TRX migration main net launch is June 21-26th