As part of their innovative programs, today, Tron announces that they have listed TRX, their transaction currency, to one of the most reliable cryptocurrency exchange platforms in the world, KuCoin.
TRX is now open for deposits with supported pairs including TRX/BTC and TRX/ETH. Buying will commence at 21:30 (UTC+8) while Selling and withdrawal will begin at 22:00 (UTC+8).
Introduction to TRON (TRX)
TRON (TRX) is a cryptocurrency platform that aims to create a global free digital content and media entertainment sharing network by building a decentralized ecosystem using the blockchain network and distributed storage technology. It allows a secure and cost-effective exchange of digital media and eradicating the interference of a third-party or middlemen.
In essence, this means that digital content creators, such as Facebook users, YouTubers, and others using the TRON Network will have total control of ownership over the content that they created, as well as its distribution. By overcoming centralized 3rd parties such as Apple iOS, Google, Play, Netflix, and Amazon; content creators will be able to manage the accessibility of their content and bypassing those charges imposed by those middleman companies.
Advantages of the TRON Network
The TRON Network enables content creators to regain their management over the data and information they produce while using social media platforms. Here are the following advantages that users can enjoy in the cryptocurrency network:
- The primary motive of the Tronix (TRX ) token is to allow the spread of data and information without any limits or restrictions. Users are permitted to store and upload data, videos, or audio through content authorized channels. Every time a user uploads digital content, it earns digital assets, and the content ecology emerges.
- The uploader is set to receive profits of a value proportional to his/her contribution. TRON Network’s (TPX) most important value is that it focuses on people instead of organizations such as DAOs (decentralized autonomous organizations). With the assistance of the TRON cryptocurrency, users can also keep their digital footprint intact.
- The transaction system also has a considerable advantage. Tronix (TRX) transactions take place on a public ledger where transactions can be traced easily without any barriers. The Tronix (TRX) transaction model uses a transaction model called UTXO, where a set of guidelines help open a specific set of the amount that has been sent through the TRON platform. The TRX coin cannot be mined, unlike other cryptocurrencies; TRON mining, therefore, is not possible.
The Future of the TRON Network and its Tronix Token (TRX)
Nowadays, cryptocurrencies have presented their broad dynamic nature ever since they began trading and values can swing in any direction. Provided that, TRON Network’s Tronix (TRX) token holds the great potential of being successful since it caters to a different kind of audience and has a definite aim, something many crypto coins cannot claim.
Tronix (TRX) coins are already booming in the Asian market. Going by trends where it is safe to say that it does not touch USD 1 any time soon, the TRON Network should continue to climb at high rates soon.
Images courtesy of KuCoin