Tron review details (TRX)



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The Tron coin is the native coin of the Tronix foundation. This coin operates under the Tron blockchain, which which is well known for the amazing transfer speed & the crypto markets lowest handling and transfer fees. See which sites that accept Tron for deposits. It is considered among the top crypto coins because, in 2018, according to market capitalization, it escalated into the top ten positions among cryptocurrency coins. Scroll through this article and find out who introduced the coin, how it can be used, transactions costs, advantages, and disadvantages.
TRXUSDT (-1.26%)
$0.06826
August 18, 2022, 2:30 pm [UTC]


›› Buy/Sell the Tron here

 

The Tronix token represents the technology in the Tron network. In addition, it is the basic unit for all the Tron user accounts. Other tokens stored in the Tron wallet are dependent on the value of the Tronix coin to know how much they are worth. This coin's gain in value inspired the creation of the Tron blockchain.

 

Briefly about Tron

In September 2017, the Tron network was developed and released with its native coin TRX. The core developer is Justin Sun, a renowned entrepreneur in technology. He served as the CEO until 2021, when he stepped down. Tronix tokens can be used to purchase items through the TRX Store.

Crypto Savy People Love Transferring Tether with Tron Ecosystem (TRX-20), because of the amazing speed & super low handling fee.CryptoLists.com
 

This token is the primary token for Tron blockchain and enables easy transactions throughout the network. Aside from the TRX token, there are TRC-20 and TRC-10 token standards, which make available, opportunities to dApp developers of apps under the Tron ecosystem. With the inception of this network, the Tronix token changed from being an ERC-20 token based in Ethereum to a Tronix token under the Tron blockchain. Back in 2017, this coin's Initial Coin Offering (ICO) was a huge success as it managed to raise a sum of $70 million to introduce the currency and further develop the Tronix network. In exchange for Tron tokens, investors changed their BTC or ETH.

 

Utility of Tron?

With Samsung Electronics including the Tronix network in their Samsung Galaxy S10 series, users will enjoy quick and secure access to various decentralized apps provided. Tronix tokens will be used to pay for the services included in the apps. The TRX store offers goods you can buy using these tokens. Travala's traveling services introduced Tronix payments for voyage and accommodation services; therefore, you can use your cash for other purchases during your vacation. On the other hand, you can choose to hold or stake your tokens for gains; the more you risk, the more you earn.

Tron Price details

BSC Contract address: 0x85eac5ac2f758618dfa09bdbe0cf174e7d574d5b




Very speculative and theoretical potential data
Last updated: August 18, 2022, 1:39 pm
›› TRX tokenomics and social media
 

Advantages at Tron

+ You can purchase goods and services with the coin.
+ Experienced crypto professionals run this coin's blockchain.
+ These tokens are widespread, therefore, available in various exchange.
+ Most transaction costs are affordable, particularly withdrawal costs.
 

Disadvantages

- There is stiff competition from well-defined coins like BTC and ETH.
- Tron coin is not among the top 20 coins currently.
 

Costs

▪ Rated at 10/10

There are several transaction fee types, trading fees, withdrawal fees, and deposit fees. These three vary from one exchange to another. For example, for HitBTC exchange, withdrawal fees stand at 108TRX, while other exchanges like FTX, Poloniex, and 50X charge 0.0TRX, 0.01TRX, and 1TRX, respectively. Many exchanges don't charge deposit fees to encourage crypto enthusiasts to deposit their crypto in their systems. At the same time, trading fees apply to most crypto exchanges. They all charge when trading Tronix with different percentage ranges. For instance, Bitvavo charges 0.15%-0.25%, AAX fees stand at 0.06%-0.1%, and WazirX exchange will charge you a fixed 0.2%.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 9/10

Online discussions hype the coin because of its cheap nature and promising future with its parent network forming partnerships with big corporations like Samsung, Mix Marcel, and Opera Web. However, some people are claiming that it's a scam coin.

 

FAQ

Who created the TRX token?

Justin Sun, back in 2017 when he introduced and announced its launch.

From which blockchain is the Tronix token?

Although it was an ERC-20 token, currently, the Tronix token is under the Tron blockchain

How much can you be charged for TRX transactions?

It depends on the transaction type and the crypto exchange you choose. Withdrawals range from 0.0TRX to 100TRX. On the other hand, trading fees range between 0.1% to 0.3%.

What can you buy with Tronix tokens?

You can buy goods and services. Commodities from the TRX store and tickets from the Travala travelling service.

Where can I buy TRX tokens?

These tokens are available in many exchanges, including, Poloniex, Binance, Gate.io, among others.

›› Trade the Tron here›› Buy/Sell the Tron here

Screenshots from Tron

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More sites where to buy/sell/trade Tron

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
TRX, TRX/USD, TRX/EUR, TRX/GBP, TRX/AUD, TRX/NZD, TRX/CAD, TRX/JPY, TRX/CHF, TRX/ZAR, TRX/HKD, TRX/SGD, TRX/NOK, TRX/SEK
TRX/USD CFDs
TRX, TRX/BUSD, TRX/XRP, WIN/TRX
TRX/USDT
TRX/BTC, TRX
NFT/TRX, TRX, TRX/ETH, TRX/KCS, TRX/USD, TRX/USDT, USDD/TRX
TRX/USD,CRYPTO, TRX/USDT,CRYPTO
ZOE/TRX
 

Tron details and tokenomics

Tron Ticker: TRX
BSC Contract address: 0x85eac5ac2f758618dfa09bdbe0cf174e7d574d5b
Type of crypto: tron-token
Launch/ICO Date: September 1, 2017
Resources & Social media
Blockchain URL: https://tronscan.org
 

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