Current business trends have made it a necessity for all businesses to have an online presence. This is essential for advertising, marketing, and customer engagements since most people search the Internet for their desired deliverables. Also, the online platform must be transaction-enabled so users can buy the goods they want instantly. This is all driven towards business efficiency and ensuring short, optimized and pleasant customer experiences. With the increased e-commerce success, it is clear that the future of business is with digital currencies. Therefore, any futuristic person should have some or be considering getting some altcoins. Tron joined the industry just a year ago, however, with its price increasing steadily; the cryptocurrency holds a lot of promise for 2018 and the future.
Founded by Justin Sun, Tron was designed as a response to the fear that users of cryptocurrency had little control of the internet as opposed to advertisers and social media giants among other sites. At the time (2017), the argument was that these firms had autonomous control over the Internet and the creation of content was motivated purely by the profit motive and rather than entertainment or artistry. Therefore, by developing a fully functional user-based ecosystem, Tron was able to offer users an entirely decentralized Internet.
The blockchain boasts of the fact that it enables digital entertainment platforms to function without the need for intermediaries, thereby streaming their Chain of operations. It uses smart contracts and offers storage, payment and development resolutions as part of its decentralized data administration protocol.
How it Works
Tron is focused on the creation of a social user ecosystem based on the creation of content and enabling direct interactions between the creators and users. It cuts costs by eliminating the expensive intermediaries. The blockchain emphasizes transparent popularity by allowing everyone to see the things/ people that are actually popular as opposed to those manufactured by record labels and brand names. Thereby, creating a lively yet healthy ecosystem where popularity and reward are products of consistent, well-directed efforts.
TRX is the currency for Tron, and it is mined by content creators through content creation. The quality of the content one creates determines his or her rewards.
Exchange Platforms That Support the TRX Tokens
Several exchanges support Tron; however, explained below are the most reliable so far;
Currently raking 21st on Coinmarket.com and with a trading volume of $76.58 per day, this U.S based firm is no doubt one of the leading crypto to crypto exchanges in the industry. It has a very secure exchange protocol that includes a two-factor authentication process. In addition to Tron, it also supports NeuCoin, Litecoin, Nextcoin, Ethereum and Bitcoin among other altcoins.
This Hong Kong-based firm has a daily volume of $356.9 million and is ranked 4th on coinmarket.com. It is ideal for specialized trading and mainly facilitates U.S dollar related transactions, especially those of Bitcoin. In addition to Tron, Bitfinex supports Bitcoin, Ethereum, Monero and at least four other altcoins.
Founded in Shanghai, Binance is arguably the most famous Exchange platform globally. It is ranked 3rd and has a daily trade volume of $1.09 Billion. The cryptocurrency exchange boasts of having low trading charges, easy signup procedure, and a user-friendly yet highly secure interface. It also offers better prices compared to other exchanges and has tighter spreads. However, the platform accepts only crypto to crypto exchanges.
Operated by the Gate Technology Inc., Gate.io is ranked 15th currently and with a trading volume of $95.58 million. The platform is committed to providing secure transactions and optimized customer experiences. In addition to that, they also offer simple and fair deals with the promise of protecting not only your digital assets but also trading data.