TRON FAQ will tell you about the TRON cryptocurrency, which has recently appeared on the international market, but has already gained popularity and trust in certain circles. The founder of the currency and its “ideological inspirer” is one of Tim Bernes Lee’s fans – the developer Justin Sun.
Let’s consider the current and most frequently asked questions on this issue.
Contents:
- TRON FAQ. What is TRON and its future
- The main tokens of the TRON system and its general architecture
- Where to buy and store TRON? Answers about TRX
1. TRON FAQ. What is TRON and its future
1.1. What is TRON?
TRON – an application platform without a central authority with a focus on free entertainment content, mainly desktop and mobile games, but also videos, music, books, etc. The main goal of the project: to create a worldwide industry of free digital entertainment and favorable conditions for encouraging active users of the system. Roughly speaking, it turns out to be a kind of mixture of a free app store and a social network.
1.2. What is the future of TRON?
The TRON team is committed to creating a TRON ecosystem, where everyone can participate and benefit. Some of TRON’s features:
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Members of the network show support for TRON and its abundant income.
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Developers have a wide range of rights, including deploying DApps on the TRON network, expanding the business and participating in the ecosystem as influencers. Everyone will devote their energies to building the TRON ecosystem and will benefit from helping to build TRON, whether they are online users, developers or members of the TRON network.
1.3. Why is TRX migration going through the exchange? Aren’t there other ways?
At the moment, this is the only way to migrate. Due to concerns about the safety of user assets, the TRON Foundation decides to migrate TRX only through the use of exchanges to avoid the risk of losing assets.
2. The main tokens of the TRON system and its general architecture
2.1. Main tokens of the TRON system
TRONIX – a special cryptocurrency that was developed and released for ICO. These coins can be used to implement transactions.
TRON POWER (TP coins) is a cryptocurrency, designed to pay various rewards in order to gain the right to vote within the system. These coins cannot be used for purchases, but they can be exchanged for TRONIX.
TRON 20 – the currency that will be used to launch decentralized applications as well as personal tokens within the system.
The TRON platform is expected to support several other types of cryptocurrencies, including bitcoins.
At the moment, you can buy the main TRON tokens – TRX on cryptocurrency exchanges.
2.2. Will there be additional TRXs released and when?
TRON will not release TRX additionally until 2021. TRX bonuses will come from the TRON fund until 2021. Subsequently, the supply of TRX will be increased by a fixed amount, rather than by a certain percentage.
2.3. What is the overall architecture of TRON?
TRON uses a 3-level architecture: storage tier, core tier and application tier.
3. Where to buy and store TRON? Answers about TRX
3.1. Where to buy TRON?
TRON tokens are best traded on Bithumb and Upbit, paired with the Korean yen – the two alone account for up to 40% of the trading volume. Coins also trade well on Binance with Bitcoin, Ethereum, USDT and BNB – about 22% of transactions take place on average here. Likewise, TRX tokens can be bought on Bittrex with Bitcoin, Ethereum, and Tethers. And on YoBit and Livecoin, coins are sold for bits and bucks, but there is a very small turnover, only about 0.01% -0.03%. Other popular exchanges inсlude OKEx and Huobi (BTC, ETH, USDT), Bit-Z (BTC, ETH) and Gate.io (USDT).
3.2. Where to store TRON?
TRON’s official web wallet and Chrome plugin is a lightweight wallet from blockchain developers. Simple, comfortable and cute. The main thing is not to send your ERC-20 tokens there, otherwise they will be lost and it will be impossible to restore them;
TronWatch desktop wallet – a fully functional wallet that allows you to interact with smart contracts and vote, but it is still in beta and has many shortcomings, so it is better not to use it;
Mobile Wallet for Android is a third-party mobile app, recommended by the TRON team.
3.3. How else can you use TRX?
Holding TRX is equivalent to storing a portion of the resources across the entire TRON network. In addition, TRX can also be used for crowdfunding, receiving airdrops, etc.
Experts are confident that in the next few years, an interesting entertainment project will actively develop. Wall Street experts are confident that closer to December 2020, TRONIX will sell for $ 40 per token on the market. This indicates a possible profit in the next three years. It should be borne in mind that the entire TRON project is aimed at the entertainment sector. And in this segment, more than a trillion US dollars are “rolled” annually.
