TRON (TRX) is a blockchain-based decentralized platform founded by Justin Sun through the TRON Foundation in 2017. The platform’s primary goal is to establish a free, global digital entertainment system with distributed storage technology that allows easy and cost-effective sharing of digital content.
Tron has witnessed strong growth in popularity over the recent months. Obviously, that’s why more and more people want to get invested. This blog post provides everything you need to know about TRON (TRX) and a step-by-step guide to buying TRON.
Where To Buy TRON (TRX) — Quick Guide
Here’s an overview of the preferred crypto exchanges with TRON (TRX) listed. If you know how to buy cryptocurrencies, you can simply select your preferred exchange. In case you are just getting started, you can scroll down to where we share all details about how to buy TRON.
Binance
Binance is the biggest cryptocurrency exchange offering many features and advantages.
MEXC
MEXC is an industry-leading exchange that offers the lowest fees to buy and sell cryptocurrencies.
BYBIT
BYBIT is a leading crypto exchange that offers many features regarding leverage trading.
KuCoin
KuCoin is a leading exchange that offers more than 750 cryptocurrencies — more than any other.
OKX
OKX is the all-rounder that offers a good mix of tradable crypto tokens, usability, and trading fees.
Before we dive into the details about how to buy TRON (TRX), we want to provide you with some essentials. Remember, it is important to understand the asset you plan to buy before investing!
What is TRON (TRX)?
About TRON
TRON (TRX) is a blockchain-based decentralized platform founded by Justin Sun through the TRON Foundation in 2017. The platform’s primary goal is to establish a free, global digital entertainment system with distributed storage technology that allows easy and cost-effective sharing of digital content.
TRON uses blockchain and peer-to-peer (P2P) network technology at its core, aiming to eliminate the middleman in digital content sharing by connecting creators directly to consumers. The native cryptocurrency of the TRON network is TRONIX (TRX), used primarily for transactions and the creation and interaction with smart contracts and decentralized applications (dApps) on the TRON network.
History Of TRON (TRX)
TRON was founded by Chinese entrepreneur Justin Sun, a former representative of Ripple in China. Sun has built a significant reputation and following in the cryptocurrency community. TRON’s initial coin offering (ICO) launched in September 2017, raising around $70 million.
One of the pivotal moments in TRON’s history was the purchase of BitTorrent, a pioneering, decentralized file-sharing platform, in July 2018. This acquisition was a strategic move by the TRON Foundation, as it allowed the integration of BitTorrent’s user base into the TRON ecosystem. This culminated in the launch of BitTorrent Token (BTT) in 2019, a cryptocurrency that interacts with the TRON blockchain to incentivize file sharing.
TRON’s mainnet was launched in June 2018, marking its full independence from the Ethereum blockchain. From then on, TRON continued evolving its platform, focusing on decentralization, scalability, and developing its dApp ecosystem.
Use Cases of TRON (TRX)
The TRON platform was designed with a specific focus on the digital entertainment industry, and its use cases reflect this focus:
- Digital Content Sharing: TRON allows creators to distribute content directly to users. This removes intermediaries, reducing costs and potentially increasing the revenue creators can earn from their content.
- Decentralized Applications (dApps): TRON aims to provide a platform that developers can use to build blockchain-based applications. The network supports a variety of dApps and smart contracts, making it a competitor to platforms like Ethereum.
- Online Gaming: TRON is especially popular in the online gaming industry. The platform allows developers to create blockchain-based games, and users can trade assets from these games using TRX.
- Decentralized Finance (DeFi): Similar to other smart contract platforms, TRON has also started to become a host for decentralized finance applications. This extends the use case of TRON beyond just entertainment and gaming.
- Data Liberation: TRON aims to enable content creators to own and manage their data freely. Through the TRON network, creators have control and discretion over how to share their content.
TRON’s focus on a specific niche within the broader digital economy gives it a unique selling point compared to other cryptocurrencies. Its vision for a decentralized Internet focused on content sharing and entertainment could reshape how digital content is distributed and consumed.
TRON (TRX) Price Chart
Analyzing the current price movement is an important step before investing. Therefore, you should closely examine the chart below before discovering how to buy TRON.
