TRX (Tron Foundation) | Cryptocurrency In Singapore

Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.

Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).

The Future Potential of Tron
Tron is an ambitious initiative that has lined up lots of potential milestones in the years to come.

Its current offering is called Exodus, the free platform suitable for peer-to-peer distribution and storage of content. Exodus is not using blockchain technology at present but uses a special web-based file system protocol that supports a distributed file system. This phase is expected to stay through December 2018.

The next phase, called Odyssey, is scheduled to go-live around January 2019. Odyssey, which will leverage the power of blockchain, will involve monetary incentives to promote the creation and hosting of content on Tron.

Instead of following the traditional ways of tracking clicks and views of the content being accessed, Odyssey plans to base the incentives producers on a method that will depend on user interaction and engagement with the content. It may be linked to a “tipping” plan – something like a reward based on how good the user perceived the content.

Imagine listening to a licensed guitar player who is performing on a street corner. You like the initial melody and move in closer to listen to the full performance. Once his act is finished, you tip the street performer based on how much you enjoyed his performance – or pay him more to continue hearing his next gig. Tron's incentive scheme may be similar, where you get to access the initial smaller trailers for free or for a small fee, and then opt for the full paid versions if you liked the previews.

The next two phases, called Great Voyage (mid-2020) and Apollo (mid-2021), are expected to enable content creators to build their brands, get the ability to issue individual initial coin offerings (ICO), and even issue personal tokens. These later stages of Tron will be akin to Ethereum-style blockchain-based application platforms.

Tron also expects two more stages further down the line, called Star Trek (mid-2023) and Eternity (late-2025), where participants will be able to create their decentralized gaming and predictive markets platforms, and will also be able to raise funds.

TRX application scenarios

  1. Credit card payment
    Credit card Spend supports TRX payment
  2. TRON ATM machine
    TRON ATM machine supports TRX online transfer
  3. Purchase TRON merchandise
    Use TRX to purchase merchandise in WeChat stores
  4. Participate in token issuance on TRON
    TRX can be used to purchase tokens to be issued on TRON
  5. Obtain energy and bandwidth
    Obtain corresponding amount of energy and bandwidth by freezing TRX
  6. Obtain voting rights
    Obtain TRON Power, voting rights for super representatives by freezing TRX
  7. Receive BTT airdrop
    Addresses holding TRX will automatically receive BTT airdrop reward
  8. Participate in the Tronics Support Plan
    Participate in the Tronics Support Plan and receive TRX rewards
  9. Pornhub supports TRX payment
    The world's largest adult website pornhub.com supports TRX payments
  10. Buy virtual gifts
    On CallMe, the live broadcasting platform, use TRX to buy virtual gifts.

Tron Foundation Limited

67 Ayer Rajah Crescent #02-10, Singapore 139950

Official website: https://tron.network

Token
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TRX
BTT
USDT

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Explorer
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Tronscan
Trxplorer

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Wallet
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TronLink App Android
TronLink App IOS
TronLink Chrome
TronLink
TRON Wallet IOS
TRON Wallet IOS/Android
TronPay Chrome

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Resources
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DApp
Whitepaper 1
Whitepaper 2
FAQ
Github

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Social Media
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Facebook
Linkedin
Twitter
Reddit
Youtube
Telegram
Medium
Instagram
Discord
Weibo
Customer Service

TRX Token

TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX.

TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens. TRX connects the entire TRON ecosystem, with abundant application scenarios that power transactions and applications on the chain.

Total supply: 99,281,283,754

Tronix can be used by content consumers to pay for the content they want to access. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be used to pay for blockchain services.

TRX Migration
The ERC20-based TRX issued by Ethereum has been migrated to TRON's MainNet. If investors have missed the migration announcement and therefore missed the migration period, they can exchange TRON MainNet tokens at exchanges that permanently support TRX migration. Exchanges that permanently support TRX migration: Binance, Gate.io, Kucoin.