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 intention behind creating the SHIB token is to see if there can be a perpetual decentralized organization to work without any central leadership. Because the experiment was successfully completed, in October 2021, SHIB token flipped Dogecoin and became the most-valued meme coin for a brief moment by market capitalization. The Shiba Inu coin price surge led to an increase in the adoption of token holders.
Additionally, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB.
Retailers also started adopting Shiba Inu for making payments as its popularity increased among small-time investors. SHIB crypto coin was added by Newegg, an american electronics retailer, in December 2021 and partnered with BitPay, a crypto payment platform, to unlock payments by SHIB.
While talking about cryptocurrency comparison, here we have two meme coins for comparison that are Shiba Inu and Dogecoin.
The supply of Dogecoin increases by five billion tokens annually which is set. It makes this coin less scarce over time. On the other hand, Shiba Inu coin value is less because the tokens are burned to reduce the supply making it more scarce over time.
About the blockchain technology used, DOGE works with a PoW consensus on its own blockchain technology which was derived from Litecoin. Using the Scrypt algorithm, it is more accessible to mine DOGE than it is to mine Bitcoin. Whereas, Shiba Inu coin is built on the Ethereum blockchain which leverages its PoS consensus. It can be integrated with various decentralized finance platforms by using the smart contracts.
There are basic transaction capabilities in DOGE and are majorly used for speculative investment. However, SHIB crypto coin is a part of a larger ecosystem that consists of DeFi, NFTs, and gaming features, but still has less utility when it comes to speculative investing.
