Tron is a decentralized content entertainment platform based on blockchain technology.
This cryptocurrency strives to construct a global free content entertainment system, using the blockchain technology. It allows each user to freely publish, store, and own data. The issuance, circulation, and trading of digital assets, through decentralized self governance, lay the foundation for the distribution and subscription of content, thereby empowering content creators as well as forming a decentralized content entertainment ecosystem.
The digital currency was created by 26-year-old Justin Sun, a self-proclaimed protegé of Alibaba chief executive and billionaire Jack Ma. He has amassed 350,000 Twitter followers, promoting the coin to both its loyal followers and investors, as well as to the wider cryptocurrency community. Forbes listed him in its 30 under 30 for Asia in 2015 and he previously worked for another fledgling cryptocurrency, Ripple (XRP).
The app partners of Tron platform include Peiwo, Obike, Gifto, Uplive, with a total of 4 millions users, making Tron a blockchain platform with the most DAPP users in the world.
Tron is a representative of the Web 4.0 Ecosystem. More than 100,000 users from more than 100 countries have become part of this network with ever expanding boundary.
Detractors of Tron say that the coin has a circulation of 65 billion coins, too much for it to have any significant monetary value. By contrast, Ripple has a circulation of 38 billion and recently surged past the $3 dollar mark. They also say that Tron is just an idea that is yet to be implemented, so no one can truly tell if it will be a success.
It is mostly bought with Bitcoin or Ethereum, the number one and two cryptocurrencies, on the Tokyo-based exchange Binance, and at the time of writing had a market cap of almost $6 billion, despite its low price. The coin began life in September, trading at just a tenth of a penny. Earlier this month, it had soared past the 30 cent mark, before dropping back to as low as 4 cents, because of a wider market crash founded on fears that South Korea would ban cryptocurrency.
This is the evolution of TRX for a month:
Source: tron.network, newsweek.