TRX
Reputation Ratings

TRX

TRON 5-10 years
Website https://tron.network/
Browser
OTH RELPs
Github
White Paper
Avg Price
-2.62%
1D

$ 0.114309 USD

$ 0.114309 USD

Market Cap

$ 11.5673 billion USD

$ 11.5673b USD

24h trading volume

$ 426.389 million USD

$ 426.389m USD

7d Vol

$ 2.9907 billion USD

$ 2.9907b USD

Circulating supply

87.882 billion TRX

Related information

Issue Time

2017-07-01

Platform pertained to

--

Current price

$0.114309USD

Market Cap

$11.5673bUSD

Volume of Transaction

24h

$426.389mUSD

Circulating supply

87.882bTRX

Volume of Transaction

7d

$2.9907bUSD

Change

24h

-2.62%

Number of Markets

941

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2018-06-06 03:21:50

Language Involved

--

Agreement

--

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Current Rate0

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WikiBit Risk Alerts

1
Previous Detection 2024-04-12

The number of the negative comments received by WikiBit have reached 12 for this token in the past 3 months, please be aware of the risk and the potential scam!

Historical Price

Introduction

Markets

3H

+0.79%

1D

-2.62%

1W

+2.69%

1M

-8.86%

1Y

+85.9%

All

+5903.25%

Aspect Information
Short Name TRX
Full Name TRON
Founded Year 2017
Main Founders Justin Sun
Supported Exchanges Binance, Huobi Global, OKEx, BitZ, Upbit among others.etc
Storage Wallet TRON Wallet, Trust Wallet, Ledger
Customer support https://www.facebook.com/trondaoofficial

Overview of TRX

TRON (TRX), founded in 2017 by Justin Sun, is a decentralized blockchain platform known for its high throughput, scalability, and availability, making it a strong contender against established cryptocurrencies like Bitcoin and Ethereum. Primarily, TRX serves as a digital currency for the TRON ecosystem, supporting a range of applications including payment, purchases, and voting, both within and outside its network.

TRON's ecosystem boasts a variety of features like TRON Crypto ETFs, the TRON Wallet, and the TRONSCAN blockchain explorer. It also has a significant presence in the decentralized applications (DApps) space, including DeFi and gaming, and supports NFTs, as evidenced by its partnerships and integrations like the APENFT Marketplace.

TRON's compatibility with multiple storage wallets like the TRON Wallet, Trust Wallet, and hardware wallets like Ledger, along with its listing on major exchanges such as Binance and Huobi Global, underscores its accessibility and utility in the broader crypto market.

This diverse range of functionalities positions TRX as a multifaceted token with applications in NFTs, DeFi, and gaming sectors.

To obtain more information, you can visit their website:https://tron.network/ and try to log in or register to use more services.

Overview

Pros and Cons

Pros Cons
Wide-ranging application Fluctuating market value
Supported by major exchanges Dependent on cryptocurrency market trends
Multiple wallet options for storage Considered volatile
Enhanced compatibility and scalability of blockchain Cryptocurrency regulations potentially impact value and usage
Suitable for content sharing Market acceptance still growing

Pros:

1. Wide-ranging application: TRX being the native cryptocurrency of the TRON platform has a wide spectrum of applications. Not only is it used within the TRON ecosystem for various transactions, but it is also utilized by applications built on the TRON platform.

2. Supported by major exchanges: TRX is supported by a number of leading global exchanges. This implies that it has a good amount of liquidity, facilitating ease of buying and selling.

3. Multiple wallet options for storage: TRX can be stored in various wallets, offering users flexibility and security options. Some of these wallets include TRON Wallet, Trust Wallet, and Ledger Wallet.

4. Enhanced compatibility and scalability of blockchain: The TRON blockchain is designed with a multi-tier architecture that enhances its compatibility and scalability. This makes TRX more usable and adaptable for various applications.

5. Suitable for content sharing: TRON's primary goal is to create a global digital entertainment system for easy and cost-effective content sharing. TRX plays a fundamental role in this eco-system.

Cons:

1. Fluctuating market value: Like most cryptocurrencies, the value of TRX can be quite volatile, fluctuating rapidly within short periods. This could pose a risk for investors and users of the cryptocurrency.

2. Dependent on cryptocurrency market trends: The value and demand for TRX is largely driven by trends in the crytocurrency market. A downturn in the overall market can negatively affect TRX.

3. Cryptocurrency volatility: The prices of cryptocurrencies are known to be highly volatile. Price of TRX can also fluctuate significantly, posing a risk to the holders.

4. Potential impact of cryptocurrency regulations: The laws and regulations surrounding cryptocurrencies are still evolving worldwide. Changes in these regulations may affect the value and usage of TRX.

5. Growing market acceptance: As with any digital currency, adoption and acceptance in the mainstream market are key factors that can influence its success. This process is still ongoing for TRX.

TRON Wallet

TRON offers a wide array of wallets, developed and contributed by the community, providing users with numerous options for managing, sending, receiving, and holding TRX. Unlike a single official wallet, TRON's approach is to feature a diverse range of community-developed wallets, each with unique features and interfaces, to cater to the varied needs of its user base.

Key aspects of these wallets include a user-friendly experience suitable for both seasoned cryptocurrency users and newcomers to the digital currency world. Options range from mobile wallets available on iOS and Android platforms, like TronLink, Trust Wallet, and Cobo Wallet, to hardware wallets like Ledger Wallet, offering enhanced security for storing TRX. These wallets are designed with intuitive interfaces, simplifying the process of transacting within the TRON network.

For users preferring desktop solutions, wallets like Exodus and Atomic Wallet provide robust platforms on larger screens. This diversity ensures broad accessibility and convenience, allowing users to select a wallet that best fits their preferences and security needs.

What Makes TRX Unique?

TRX, as part of the TRON network, exhibits a unique feature that makes it distinct from many other cryptocurrencies. Unlike most blockchain networks that primarily focus on financial transactions, TRON is specifically engineered to facilitate the sharing of digital content.

TRON essentially creates a decentralized entertainment ecosystem where creators have full ownership and control over their content. The role of intermediaries is removed, and creators can directly receive profits from their content. TRX, being the native cryptocurrency, serves as the means of exchange within this ecosystem.

Moreover, TRON's underlying structure and multi-tier architecture design help foster high throughput, scalability, and compatibility. The network can handle a higher volume of transactions per second compared to some older blockchain platforms.

Nonetheless, it should be noted that like other cryptocurrencies, TRX is vulnerable to market volatility and potential regulatory changes, and assessing the netwo rk's value or utility should take these factors into account.

What makes it unique?

Market&Price

Coin airdrop

There are currently no active TRX airdrops. However, the TRON team has previously stated that they are considering airdropping tokens to their community.

Circulation

The price of TRX has been fluctuating in recent months, with a slight downward trend. As of September 16, 2023, the price of TRX is $0.084 USD. The all-time high price of TRX was $0.22 USD, reached in January 2018.

There is no mining cap for TRX. The total supply of TRX is 100 billion tokens, of which 89.4 billion are currently in circulation. The remaining 10.6 billion tokens are held by the Tron Foundation and are being used to fund development and marketing activities.

Circulation

How Does TRX Work?

TRX operates within the TRON blockchain network. TRON's blockchain technology is designed based on a three-layer architecture: Storage Layer, Core Layer, and Application Layer.

The Storage Layer is responsible for storing the data of the blockchain and states. It incorporates a module design to foster convenient expansion and modification.

The Core layer handles the fundamental functionalities of the network including smart contracts, consensus, and account management. The TRON virtual machine (TVM) is based in this layer, which is compatible with Ethereum's virtual machine (EVM), allowing developers to create smart contracts.

The Application Layer interacts with developers, enabling them to create and deploy decentralized applications (DAPPs) in the TRON network.

TRX, as the primary digital asset of the TRON network, is used within this ecosystem to incentivize users, developers, and content creators. When users consume content, for example, they pay the content creators in TRX. Additionally, developers who build DApps on the TRON network can also use TRX to pay for services and transaction fees.

TRX transactions are authenticated and secured through a delegated-proof-of-stake (DPoS) consensus mechanism, which is known for its speed and efficiency. In this mechanism, TRX holders elect Super Representatives that validate transactions and create new blocks. As such, the currency operates on a democratic system which efficiently provides balance and fairness while reducing the risk of centralization.

How does it work?

Exchanges to Buy TRX

Several major cryptocurrency exchanges support the trading of TRX. These include:

1. Binance: This global cryptocurrency exchange supports the trading of TRX in various currency pairs such as TRX/BTC, TRX/ETH, TRX/USDT, and TRX/BUSD.

2. Huobi Global: Known for its wide range of listed cryptocurrencies, Huobi Global supports TRX trading in pairs including TRX/BTC, TRX/ETH, and TRX/USDT.

3. OKEx: OKExis another top cryptocurrency exchange which supports trading of TRX with multiple pairs including TRX/BTC, TRX/ETH, and TRX/USDT.

See this link for details on how to buy TRX:https://www.okx.com/cn/buy-trx

How to buy TRX:

To buy TRON (TRX) on OKEx, you can follow these steps:

  • Create and Set Up Your OKEx Account: Register for a free account on the OKEx platform by providing your email address and creating a password. Complete any necessary identity verification processes (KYC) as required by the platform.

  • Connect a Funding Method: Add a payment method to your OKEx account. This could be a bank transfer, credit card, or other payment methods supported by OKEx. Fund your account with the amount you intend to use for purchasing TRX.

  • Purchase TRON (TRX): Navigate to the trading section of OKEx, search for the TRX trading pair (such as TRX/USD, TRX/BTC), and execute a buy order. You can buy TRX for as little as $10 or more, depending on your investment plan.

  • After purchasing, your TRX will be credited to your OKEx wallet, from where you can manage or transfer your tokens as needed. Remember to consider the security of your investment and the volatility of the cryptocurrency market when making purchases.

    4. BitZ: BitZ supports the buying of TRX in pairs with BTC, ETH, and USDT.

    5. Upbit: The Korean exchange supports TRX trading in pairs including TRX/KRW, TRX/BTC, and TRX/USDT.

    6. Bittrex: This US-based exchange supports TRX and provides a wide array of trading pairs including TRX/BTC, TRX/ETH, and TRX/USDT.

    7. Kraken: Kraken exchange supports TRX trading with currency pairs like TRX/USD and TRX/EUR.

    See this link for details on how to buy TRX:https://www.kraken.com/learn/buy-tron-trx

    How to buy TRX?

    8. Coinbase Pro: Coinbase Pro has included support for TRX and provides trading pairs such as TRX/USD and TRX/BTC.

    9. KuCoin: On KuCoin, customers can trade TRX with pairs such as TRX/BTC, TRX/ETH, and TRX/USDT.

    10. Poloniex: Poloniex supports TRX and offers several trading pairs for it, including TRX/BTC, TRX/USDT, and TRX/ETH.

    Exchanges

    It's important to note that available currency and token pairs can vary between exchanges and may change over time to keep in step with market demand.

    How to Store TRX?

    TRX can be stored in a variety of wallets, which offer different levels of security, convenience, and utility. The choice of storage method often depends on the user's specific needs and the frequency of their transactions.

    Here are some of the commonly used wallet types for storing TRX:

    1. TRON Wallet: TRON Wallet is the official wallet that supports TRX and other TRC-10 and TRC-20 Tokens. It's available in both mobile and desktop versions and offers a secure and intuitive environment to manage TRX tokens.

    2. Trust Wallet: Trust Wallet is a widely used cryptocurrency wallet that supports TRX and other tokens. It is a mobile-first wallet available for both Android and iOS. It offers a secure storage system and a built-in dApp browser for TRON.

    3. Ledger Wallet: Ledger is a type of hardware wallet, which is considered as one of the most secure ways to store cryptocurrencies. TRX can be managed on Ledger through the use of TRON's official wallet.

    4. Exodus Wallet: Exodus is a desktop-first wallet with a mobile application as well. It supports TRX and offers an easy-to-use interface with strong security measures. Exodus also has built-in exchange features which can make swapping TRX with other coins quite convenient.

    5. Atomic Wallet: Atomic Wallet is a decentralized wallet that supports TRX and allows users to store, manage, exchange, and buy TRX with a credit card. Available for desktop and mobile, it also offers private keys encrypted on your device and never leaves it.

    How to store?

    It is worthy to note that users should consider their own security and convenience needs when deciding on a wallet for handling TRX or any other cryptocurrency. Regular updates, backups, and caution against phishing attempts or scams are all advisable practices for securing digital assets.

    Is It Safe?

    Assessing the safety of TRON (TRX) involves considering several important aspects:

    • Hardware Wallet Compatibility: TRON (TRX) is compatible with hardware wallets, which significantly enhances its security. Hardware wallets provide offline storage for cryptocurrencies, making them less vulnerable to online hacking threats. This compatibility means users can store their TRX tokens in one of the most secure ways available.

    • Exchange Security Standards: The safety of TRX also depends on the security measures of the cryptocurrency exchanges where it is traded. Reputable exchanges that list TRX, such as Binance, OKEx, and others, typically adhere to high industry security standards. These standards include robust encryption methods, two-factor authentication, and regular security audits to ensure the safety of users assets and personal information.

    • Token Address Security: Transactions involving TRX use encrypted addresses, enhancing the security of token transfers. This encryption ensures that each transaction is secure and the details are kept confidential, reducing the risk of interception or unauthorized access.

    • In conclusion, the safety of TRON (TRX) is supported by its compatibility with secure hardware wallets, the high security standards of major cryptocurrency exchanges, and the use of encrypted addresses for transactions. However, it's always advisable for users to conduct their due diligence and use secure practices when handling cryptocurrencies.

      How To Earn TRX?

      Earning BORA tokens involves several methods, each with varying degrees of profitability and risk. Here are some common ways to potentially earn BORA:

      • Investing and Trading: Buying BORA tokens at a lower price and selling them when the price increases can be a way to earn profits. This method suits those who are comfortable with the volatility of the crypto market and are adept at predicting market trends.

      • Participating in the BORA Ecosystem: Engaging with the platforms and services within the BORA ecosystem could offer opportunities to earn BORA. This might include participating in specific promotional events, contests, or community activities that reward users with BORA tokens.

      • Staking or DeFi Participation: If the BORA ecosystem supports DeFi applications or staking mechanisms, users can earn rewards by participating in these activities. This could involve lending BORA tokens in a DeFi platform or staking them in the network to earn additional tokens as rewards.

      • Developing or Contributing to the Ecosystem: Developers or contributors who create applications, content, or other valuable contributions to the BORA ecosystem might be rewarded with BORA tokens. This can include development bounties, content creation, or community management roles.

      • Yield Farming or Liquidity Provision: If supported, users can engage in yield farming or provide liquidity to BORA token pools in exchange for rewards. This method typically involves locking up tokens for a certain period to support the networks liquidity.

      • Its important to note that while these methods can provide opportunities to earn BORA, they come with varying levels of risk.

        Conclusion

        TRX, otherwise known as TRON, is a cryptocurrency that operates within the TRON Protocol, a blockchain-based and decentralized platform designed primarily to facilitate the sharing of digital content. Since its inception in 2017 by Justin Sun, TRX has become a key player within the global digital entertainment industry.

        A notable feature of TRX is its wide-ranging application facilitated by TRON's multi-tier architecture. It provides compatibility and scalability, making it useful across various digital applications. TRX is also supported by several major global exchanges which contributes to its liquidity.

        Nevertheless, like most cryptocurrencies, TRX is subject to market volatility and changing cryptocurrency regulations. Although TRX has growth potential due to its unique focus on content sharing and strong technological infrastructure, its future market value, like any cryptocurrency, remains uncertain and speculative.

        Investors considering TRX should understand its wide-ranging application, exchange support, and potential risks. Furthermore, it is advised to regularly keep track of updates from the TRON platform as these can impact the value and utility of TRX.

        Making money via TRX, or any cryptocurrency, generally requires a good understanding of market dynamics and trends, as well as a considered investment strategy. Like all investments, acknowledgement of the risk involved and investment only at a level that one is comfortable with is highly advisable.

        FAQs

        Q: What is the technological architecture underpinning TRON, which supports the TRX currency?

        A: TRON is designed as a three-tier architecture, consisting of a Storage Layer, Core Layer, and Application Layer, providing flexibility, scalability, and compatibility on the network.

        Q: How can TRX be stored securely?

        A: TRX can be stored securely in various wallet options such as the TRON Wallet, Trust Wallet, Ledger Wallet, Exodus Wallet, and Atomic Wallet, each offering different benefits and securities.

        Q: Who might be interested in purchasing TRX tokens?

        A: Potential TRX buyers might be individuals interested in supporting the TRON network, long-term investors, traders who speculate on price volatility, and developers creating applications on the TRON network.

        Q: What are some possible risks or downsides associated with TRX investment?

        A: Potential risks of investing in TRX include market volatility, dependence on overall cryptocurrency market trends, evolving regulatory environments, and the ongoing process of market acceptance.

        Q: How does TRX set itself apart from other cryptocurrencies?

        A: TRX distinguishes itself through its association with the TRON network, a platform primarily focused on facilitating the sharing of digital content where creators maintain full control, setting it aside from more finance-oriented coins.

        Risk Warning

        Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

118 ratings

Participate in evaluation
Araminah
One of my favorite, TRON network is very fast and excellent in money transfers, wallet-to-wallet cryptocurrency transfers.
2023-09-09 07:30
12
nil9553
Tron's focus on user education and outreach sets a standard for other blockchain projects. Knowledge empowers users."
2023-11-24 14:10
8
Zain1627
I can't with draw frow bitriver web site link : https://bitriver.net/index.html#/register/374779 this site is working out I can't get withdraw from it.
2023-05-25 02:12
0
Genius80
I can't withdraw from my tether account after registration and deposit.
2023-04-16 07:45
0
AdaGod
Tron's continuous improvement of developers tools simplifies the process of building on its blockchain surpport for developers is key
2023-11-24 16:18
4
Habiba56
TRX's recent price performance has been impressive. The market seems to recognize Tron's potential."
2023-11-24 16:12
3
Abba6032
The Tron Virtual Machine provides a versatile environment for developers. A key element in building a diverse ecosystem."
2023-11-24 15:16
8
Abeveluv78
Tron's adoption of the Tether stablecoin adds stability to its ecosystem. A crucial move for a well-rounded financial platform."
2023-11-24 14:23
6
SolNFT
TRX has experienced price volatility. Users should be prepared for price fluctuations when holding or trading TRX.
2023-11-03 05:26
6
Reema
I think that it's One of the famous cryptocurrencies and many people use it
2023-11-23 23:42
4
Ruk3248
trx is best coin of craptucurrany am hold many coins of tron .my favorite currency is tron
2023-11-22 19:31
8
Smart78
scam unitedsolar... With regards, regards, about a few months ago, a company called Solar United came and we deposited a lot of money. After a while, they blocked all our money and turned it into Sun Coin, and we didn't get any money. Now they have an agreement with trx company.
2023-11-10 07:37
6
Pweetyrose
The Tron blockchain's speed and scalability make it a standout in the crypto space. Impressive technology.
2023-11-24 20:00
7
Nassi
Tron's social impact initiatives, like the TRON Foundation's charitable work, showcase a commitment to positive change."
2023-11-24 17:03
5
Aishertu
As a content creator,I appreciate trons approach to empowering digital content through decentralized system
2023-11-24 16:49
6
Zubby5916
Tron's scalability solutions position it well for handling increased demand. Scalability is a major concern for blockchain projects."
2023-11-24 16:46
5
Benfa4153
Tron's cross-industry partnerships demonstrate its potential to revolutionize various sectors beyond finance.
2023-11-24 15:54
4
fazzy
Tron's vision of a decentralized internet is ambitious and intriguing. looking forward to it's progress."
2023-11-24 15:36
7
Unstoppable 8252
Tron's governance model ensures a democratic decision-making process. Community input is valued in shaping the project's future.
2023-11-24 14:12
6
Ruk3248
trx is the best coin
2023-11-22 19:59
8

View all comments

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