The TRX coin or TRON is a blockchain-based operating system which is decentralized and was developed by the Tron Foundation in 2017. TRX tokens are originally ERC-20 based tokens which were deployed on the Ethereum blockchain but they were later moved to their own network.
Talking about the supply of the coin, it is as follows:
Total Supply: 88,878,587,664 TRX
Maximum Supply: No limit
Circulating Supply: 86,878,513,834 TRX
Fully Diluted Market Cap: $13,439,426,186
Current TRON Cryptocurrency Price: $0.1543
In the year 2017, during the token sale, about 15.75 billion TRX coins were allocated to the private investors.
Moreover, 40 billion TRX coins were earmarked for the initial coin offering participants.
A total of 34 billion TRX coins were given to the Tron Foundation and 10 billion were given to a company that Justin Sun owns.
Overall, 45% of the TRX coins were given to the founders and project itself. And the remaining 55% was distributed among the investors.
The TRX crypto coin has various unique points.
In today’s world, TRON has made itself an environment where creators get the facility to connect with their audience directly. Usually when creators start streaming services, app stores, or music sites, they tend to lose a lot of funding to the middlemen. With the elimination of centralized platforms, the aim of TRX is to ensure that creators do not lose a lot of commission to the middlemen.
This also makes the content that consumers get less expensive. Because the entertainment industry is digitizing at a fast pace, TRX crypto coin can get a kickstart to apply blockchain technology in this industry.
There are very talented and experienced developers in the team from around the world who have worked with major companies like Ripple Labs. Lastly, unlike other blockchain projects that are not clear about their development plans, TRON is different and offers a roadmap showing what intentions they have for the upcoming years.
Tether USDT is a stablecoin which is a digital asset having a value which is always tied to USD. This token has various advantages to it like anonymity, decentralization, and transparency, and aims to avoid high volatility.
The blockchain that TRX coin works on is Bitcoin but the developers were not trying to compete with the famous coin BTC. Both Tether and TRX coins run on various different blockchains. The most popular is the Ethereum Blockchain but since the fees are high on the network, transfer of small amounts is not profitable. So, alternatives were found as Tether TRC20 and is operating on the TRON blockchain.
The TRON blockchain is also capable of giving the ability to projects and developers to issue their own tokens with the TRC-20 standard. These tokens are similar to those that are issued on the Ethereum blockchain. And due to this feature, the Tron network and TRX crypto have become really popular.
TRX is an open-source blockchain which has an objective of developing the next gen social networking.
