What is TRON coin, what is TRON cryptocurrency, what is TRON crypto? To all these questions, there's only one answer. TRON is an open-source, decentralized financial ecosystem with the cryptocurrency (TRX) to support it.
TRON was founded by Justin Sun and his team back in 2017 in Singapore. They created TRON Foundation as a nonprofit organization, and as a result of the TRON ICO, 15K Bitcoins were collected. About 40% of the coins that were issued (100 billion tokens) were sold to investors. And what was left - went to the developers and was placed in the fund.
TRON was initially designed in line with the ERC20 standard, but then it switched its protocol to an independent peer-to-peer network - MainNet. The purpose of the decentralized TRON protocol is to create a global free entertainment system based on a distributed storage technology. Today almost all content creators are forced to work with giant tech companies like Spotify, Youtube, or Facebook. They provide the platform for your content but take full control over how much you earn for it, plus they can censor it.
And the TRON algorithm is designed to change that. It allows each user to publish, store, and receive data, allowing any user from anywhere in the world to access entertainment content without the help of intermediaries. At the same time, content producers receive the opportunity to get paid directly from the audience, depending on the popularity of their content.
With the help of TRON, content owners will be able to issue their tokens and receive remuneration for the production of their content. The desired result is a cost reduction for the consumer and direct funding for the content producer. And the cryptocurrency TRX plays a crucial role in the system, connecting the entire infrastructure of the platform.
TRX can be purchased on many cryptocurrency exchanges, including Binance, Bittrex, Huobi, OKEx, Gate.io, Kucoin, and others. As of writing, TRON is 15th cryptocurrency by market capitalization ($1.39B), with a current price of $0.02 and a max supply of 99,2B and 66,1B in circulation.
Let's recap. TRON is a distributed storage technology that attempts to address the problem of big corporations that control the Internet and its content. The rising popularity of digital content makes TRON a promising project among the blockchain platforms.
