What is TRON coin (TRX)? Should I Invest in TRX?
At the time Tim Berners-Lee invented the Internet, the Internet was a completely decentralized platform where people could create their own free websites to interact with others. I don’t know when, the internet has become a playground for large corporations like Amazon, Facebook, Google, Apple …
Internet traffic, data and content are centralized because of these huge businesses. Now it’s Google, Facebook and Amazon who set the rules and rule the entire online community. The Internet is no longer as decentralized as it was when it was born. TRON believes that users should have ownership and control of the data they generate and should not transfer ownership and control of the platform to any corporation or government agency; Users must have all digital information freely. The TRON platform was born with the drive to decentralize the internet using blockchain technology.
What is TRON?
TRON (Symbol: TRX or TRONIX) is a blockchain-based decentralized protocol that was developed with the aim of building a global free entertainment content system thanks to blockchain technology and distributed storage.
It enables users to freely publish, store and own data and to decide in an autonomous decentralized form about the distribution, subscription and push of content, and enables content creators to share, distribute and to use digital assets manage, thereby creating an entertainment content ecosystem.
The Peiwo app with more than 10 million users will be the first entertainment application to integrate TRON, which will help more than 10 million users to exchange digital currencies with one another. TRON’s ICO took place on August 3, 2017 and ended on August 24, 2017.
Tron price today.
Main features of TRON
As a decentralized content protocol, TRON has the following four basic properties compared to the centralized Internet:
Content including characters, images, audio and video can be unloaded, stored and broadcast on a free and uncontrolled basis.
Digital assets are acquired through the delivery and distribution of content, which encourages users to create content in an environmentally friendly way.
One person can freely distribute digital assets in the form of an ICO, while by purchasing the assets others can enjoy the benefits and services that result from the continuous development of data collaborators.
Distributed digital assets will equip a range of distributed infrastructures, including distributed exchanges, autonomous games, forecasting, and game systems.
Core values of the TRON project
Since TRON was built, developers have always adhered to the following TRON core values:
Users should own the underlying data and the internet should be decentralized. This was suggested by Doctor Tim Berners-Lee around the time the Internet was born and that was the original purpose in creating the Internet.
Contributors and the TRON ecosystem will enjoy profits according to the stated rate. A value network has a greater benefit that anything on social and media can digitally use.
All types of contributions must have the same quantitative value. In terms of the time invested by the participants, excellent content and interest is the same measured value of the capital offered.
The basic goal of TRON is to provide services to the public. As an ecosystem run by a non-profit organization, TRON was designed to serve entertainment content lovers worldwide, not for profit. All TRON members will benefit from its prosperity.
Content should come from people, not money used to reward others for controlling them. The cultural and creative industries must rely on the pursuit of artistic and content quality by content creators, artists and writers and not on contentless consumer capitalists.
TRON. Project development team
The CEO and founder of TRON is Justin Sun, also known as the “next Jack Ma” CEO of Alibaba. Sun has an impressive profile at the age of 27:
- Graduated from the University of Pennsylvania
- Be in the Top 30 Forbes China under 30 in 2015
- Be in the Top 30 Forbes Asia under 30 in 2017
- Founder of the Peiwo App (Snapchat of China)
- Representative of Jack Ma. founded Hupan University
- Former representative of Ripple China
In addition to Sun, the main founding team of TRON also has CTO Lucien Chan is a former Alibaba employee with extensive experience working with leading internet companies such as Netease, Qihoo 360 and Tencent.
TRON has top developers in China but continues to recruit more talent with members with longstanding technical expertise such as Maorong Lin and Xiadong Xie – both experienced in technical development in the entertainment and e-commerce industries.
Additionally, the TRON team has some other notable staff such as Hitters Xu (founder of Nebulas), Tang Binsen (founder of Game Clash of Kings)., Xue Manzi (famous investor in China), Chaoyong Wang (founder of China Equity Group), Dai Wei (CEO of OFO bike), Huobi.com and many more.
On which exchange to buy and sell TRX Coin?
Currently, the TRX coin is listed on many digital currency exchanges such as Binance, Coinnest, CoinEgg, Liqui, Gatecoin, HitBTC, OKEx, YoBit, Mercatox.
Should you invest in TRON?
- Social networking platforms can help users share ideas and news without being controlled by governments or third parties.
- Fully decentralized allows users to control and monetize all of their data as digital assets.
- An independent payment system enables users to buy and sell content directly and securely. On July 24th, 2018 TRON bought back BitTorrent Inc, which is a protocol for sharing resources on a peer-to-peer network, and the name of a program for sharing peer-to-peer resources. BitTorrent is used to download large amounts of data with no server and network bandwidth costs.
- The TRON Coin development team is the world’s leading technology expert and well known in the cryptocurrency community.
- Justin Sun, CEO of Tron, is a marketing genius, he knows how to increase his influence and promote Tron. For example, CEO Tron spent $ 4 million to have lunch with Warren Buffet. This incident was written and made the front page of many major newspapers like CCN, Bloomberg, etc.
Through the above 5 points, Tron is also a coin to watch out for and invest in.
Roadmap for project development
- Exudos phase: August 2017 to December 2018
- Odyssey phase: January 2019 to June 2020
- The big travel stage: July 2020 to 7/2021
- Apollo phase: August 2021 to March 2023
- Star Trek phase: April 2023 to September 2025
- Eternity stage: September 2025 to September 2027
During the ICO phase, TRX published a whitepaper for the community to demonstrate the transparency and decentralization of the project.
This is an opportunity for potential investors, owners, supporters and partners to follow the development phases of TRON and to get a better overview of the future of TRX based on the roadmap.
Based on this roadmap, it can be seen that TRON has a long-term vision, as the final phase of development will not be completed before 2027 and a total of 10 years will be needed for the development of the project. These six stages of development are given popular names in the entertainment world, suggesting that TRON’s goal is to become a currency for video games.
Stage 1: moving out will end in December 2018, currently TRX is only 2 months away from phase 2.
During this time, TRON will solve the current burning problem when companies use personal data as an asset that belongs to them. Because of this, Justin Sun came up with the idea of creating a safe place to store data.
With Exodus, users can easily access, upload, publish, share and store personal data using the decentralized system functions of TRON.
In this period of just 6 months, TRON started the main network just in time, which means that all preparatory work for phase 2 will be accelerated.
Stage 2: Odyssey represents what the TRX development team will focus on, improving the content.
This phase enables the creation, sharing and distribution of content for rewards in TRX tokens. One of the main goals is to cut costs while reducing the influence of powerful third parties like Google Play and Apple Store. TRX will also develop a suitable payment system for the project and define and complete new changes, upgrades and functions.
This phase will focus on the main network of TRON as the start of the main network is to occur in phase 2, with the aim of separating TRX from other ERC20 tokens on Ethereum, TRON will use the ecosystem. Publication and distribution of content.
Odyssey starts in January 2019 and ends in June 2020. At that time, all TRX transactions will be processed through different channels.
Phase 3: Big Journey was launched in June 2020 and is marked with 1 ICO on the TRX platform. During this time too, the TRON platform will be able to manage dividends and income and add a community of fans.
In order to pass to phase 3 and to be able to achieve the above, the platform is being developed into a personalized ecosystem for the users. This means that TRON will be way ahead of Ethereum if it is possible to run ICOs on its platform.
Level 4: Apollo in a total of 6 development stages from TRON. When TRX has become the platform that ICO can support.
The network will function similarly to Ethereum and allow TRON to generate tokens to distribute dividends to users.
In order to create a safe system for the users, the project team will develop a protocol to avoid all natural disasters …