TRC-10 (TRON)

November 21, 2023 - Around 3 mins mins to read

What Is a TRC-10 (TRON)?

A TRC-10 (TRON) is a native token on the TRON blockchain that is used for basic token production and does not require the TRON Virtual Machine (TVM).

TRC-10 tokens can be accessed through an API (application programming interface). These tokens have significantly lower transaction fees compared to TRC20 tokens, but they require additional bandwidth for API transactions and deposits.

Any user with an account on the TRON network can create a TRC-10 token by paying a minimum of 1,024 TRX. Account-holders on the network also have the option to lock up their tokens individually.

When producing tokens, the issuer must specify various details such as the token name, overall value, TRX conversion rate, circulation length, definition, maximum bandwidth points per account, overall bandwidth points usage, and token stake.

TRON is a blockchain platform that enables the creation of various blockchain-related entities such as smart contracts, virtual machines, decentralized exchanges, decentralized applications, wallets, and blockchain explorers.

TRC-10 tokens were originally part of the Ethereum blockchain, but they were exchanged and moved to their own blockchain network when TRON’s mainnet was launched. These tokens are compatible with major crypto wallets and are often free to use.

When TRC-10 tokens are used in an ICO project, there are no listing fees to pay, and no prior experience in programming languages is required to develop these tokens. The supply of TRC-10 tokens can be increased once they are created, and they can also be burned if they are returned to their originating address.

To obtain a TRC-10 token, a user must have at least 1,024 TRX in their wallet. These tokens are commonly used in initial coin offerings (ICOs), blockchain-powered products, and as a payment method in decentralized applications (DApps). They have been utilized by well-known initiatives such as BitTorrent token, a decentralized file-sharing service that benefits from the flexibility of the TRON blockchain network.

The TRC-10 token offers high speed and scalability, and it can be accessed through smart contracts and APIs.

In smart contracts, TRC-10 tokens are easily transferable, mintable, and upgradeable. However, users are not protected in case they misplace their TRC-10 tokens.

Additionally, TRC-10 tokens feature a built-in tracking system and have transaction costs that are a thousand times cheaper than those of TRC20 tokens.

TRON transactions are conducted using bandwidth points. Each TRON account receives approximately 5,000 free bandwidth points per day. TRC-10 tokens are obtained when TRX holders freeze their tokens in a suitable wallet. When tokens are moved through smart contracts, both bandwidth points and energy are consumed, which is why TRON smart contracts require energy for processing.

TRC-10 tokens provide faster download speeds compared to decentralized file-sharing systems.

These tokens are utilized in various industries including banking and finance, real estate, retail, healthcare, supply chain management, education, gaming, media, the Internet of Things, augmented reality, virtual reality, and aviation.

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