TRON – Price, Historical Data & How to Buy

What is TRON?

TRON is a decentralized entertainment and content-sharing platform that uses blockchain technology and a peer-to-peer network to create, store, and distribute digital content. It was founded in 2017 by Justin Sun, who is also the CEO of BitTorrent. TRON is one of the largest blockchain-based operating systems in the world. 

TRON has a total supply of 100 billion TRX, with 50% of the TRX being held by the TRON Foundation. TRON uses a Delegated Proof-of-Stake (DPoS) consensus mechanism and is able to process 2,000 transactions per second. TRON has partnerships with some of the largest companies in the world, including Baidu, Alibaba, and Tencent. TRON is popular in China, where it is used as a payment system for online games and live-streaming platforms. It has been criticized for being a copycat of Ethereum and for its centralization. Justin Sun has also been accused of being a scammer.

How to buy TRON

TRX, the native token of TRON, is used to incentivize users and content creators to participate in the TRON ecosystem. TRX can be used to pay for resources such as storage, bandwidth, and computing power in the TRON network. IT can also be used to purchase content or in-game items in TRON dApps.

There are a few different ways you can buy TRON. You can buy TRON on cryptocurrency exchanges such as Binance, Huobi, or OKEx. You can also buy TRON from other users through a peer-to-peer exchange such as LocalBitcoins.

When buying TRON, you will need to have a TRON wallet to store your TRX tokens. You can create a TRON wallet using the TRON Wallet app or the TRONlink wallet.

When buying TRON on an exchange, you will need to create an account and verify your identity. Once your account is verified, you can deposit cryptocurrency into your account and use it to trade TRX tokens.

LocalBitcoins is a peer-to-peer exchange that allows you to buy TRON from other users. When using LocalBitcoins, you will need to find a TRON seller that is willing to sell you TRX tokens for your chosen payment method.

When buying TRON, it is important to remember that TRX is a volatile asset and its price can fluctuate rapidly. It is important to do your own research and always understand the risks involved before investing in any cryptocurrency. TRON is a decentralized platform and there is no customer support that you can contact if you have problems with your TRX tokens. If you lose your TRX tokens, they will be gone forever and you will not be able to get them back. Always remember to store your TRX tokens in a secure TRON wallet.

TRON historical price – Line chart & candlestick

Why use TRON?

TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.

TRON strives to liberate the Internet from the reign of traditional centralized corporations and empower creators of digital content. It also enables content distributors to generate profits through digital asset circulation and allows users to pay for premium content with no central intermediaries. In addition, TRON supports real-time free micropayments and allows users to foresee the rise of content distribution platforms with better scalability.

TRON calculator

Here you can calculate the value of TRON in all major fiat currencies.