Tron (TRX) Review (9.33/10⭐)



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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 and the crypto market's lowest handling and transfer fees. See which sites 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 (-0.73%)
$0.054033
December 3, 2022, 11:05 am [UTC]


Visitor Consensus on Tron Today
Positive: 53.13%Negative: 46.87%
What's your view on Tron today?
 
›› Buy/Sell 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. It's also available as a BEP-20 token on the BNB chain.

 

A Bit 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.

The native coin of TRON, with amazing speeds and 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
›› Details & Tokenomics



Very speculative and theoretical potential data
Last updated: December 3, 2022, 11:19 am
›› TRX tokenomics and social media
 

Advantages of 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.
+ One of the top 15 cryptos in the world.
 

Disadvantages

- There is stiff competition from well-defined coins like BTC and ETH.
- Some say the coin and network is actually too centralized.
- Open to large fluctuations dependent on the wider crypto market.
- It's not supported by the major Coinbase exchange.
- Like many altcoins, it's still overly tied to the performance of Bitcoin.
 

Costs

▪ Rated at 10/10
*Buy tax: 0.5%   *Sell tax: 0.5% * at the time of writing. Note that this may change from time to time.

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 and as a BNB Bep-20 token.

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.

 

History of Tron

July 2014 - The ecosystem was estabilished by Justin Sun.

August 2017 - TRON held their initial coin offering (ICO) for TRX.

June 2018 It switched from the Ethereum blockchain to an open source network known as Tronix.

December 2022 - TRX is firmly established as a top 10-20 coin as listed on CoinMarketCap.

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

Screenshots from Tron

Click for larger image
 

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/BNB, TRX/BTC, TRX/BUSD, TRX/ETH, TRX/EUR, TRX/TRY, TRX/USDT, TRX/XRP
TRX, TRX/BTC
TRX/KCS, TRX/BTC, TRX/ETH, TRX/USDT, TRX/USDC
TRX/BTC, TRX/USDC, TRX/USDT
TRX/ETH, TRX/USDT, TRX/BTC
TRX/USD CFDs
TRX/BTC, TRX/EUR, TRX/GBP, TRX/USDT
TRX/USDT
TRX/BTC, TRX/ETH, TRX/HUSD, TRX/USDD
TRX/TRY, TRX/USDT, TRX/ETH, TRX/USD
TRX/USD, TRX/USDT
TRX/USD, TRX/AUD, TRX/AED, TRX/CAD, TRX/CHF, TRX/EUR, TRX/GBP, TRX/JPY
TRX/USD
TRX/USD, TRX/USDT, TRX/BUSD, TRX/BTC
TRX/USD, TRX/USDT
TRX/BTC, TRX/ETH, TRX/USDC, TRX/USDT
TRX/USDT
TRX/USDT, TRX/USDT, TRX/BTC, TRX/EUR, TRX/ETH
 

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
 

Other tokens or coins to check out

Since you are interested in Tron, you may also want to check out the coin(s) or token(s) below?
Tron Newsflash
    Will Tron (TRX) go beyond $0.075 soon?Will Tron (TRX) go beyond $0.075 soon?
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    Short Sellers gain on 98 of 100 major cryptocurrenciesShort Sellers gain on 98 of 100 major cryptocurrencies
    Monday, 9 May 2022 12:54 pm
    It has been an unusually tough weekend for anyone waiting for a rise in the top 100 cryptocurrencies by market cap. A bear market for both growth stocks and cryptocurrencies has been noted, which has made it easier for short sellers. In 98 out of 100 cases, short sellers have gained. Among the largest declines, Terra (LUNA) lost 25.6% in a week, Shiba Inu (SHIB) went down 20%, Cronos (CRO) is down 22%, ApeCoin (APE) lost 28.9% and Arweave (AR) went down 23.8% in a week. The only two winners among the major cryptocurrencies are Tron (TRX) and the native coin of Waves blockchain. Will we see continued declines, or will the crypto market reverse soon? Try trading yourself from leading CFD brokers like Skilling and eToro. You can...
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    The buying opportunities for TRON (TRX) investorsThe buying opportunities for TRON (TRX) investors
    Wednesday, 4 May 2022 4:05 pm
    The TRX bulls have been brutally defending the $0.057 and $0.062 levels. The cyan box covering the $0.062 area showcases a bearish order block from mid-February. The Tron coin alternates between bulls and bears. In mid-April, it was back to the hands of the bulls. If TRX should maintain its bullish structure, it must defend the $0.057 and $0.062 levels in the following days and weeks. Fibonacci retracement levels assist TRON (TRX) investors seeking buying opportunities. $0.0795 to $0.0577 can be of particular interest, since those levels indicate a 61.8%-78.6% retracement level. The area between the two levels, $0.0712-$0.0749, is a good position for sellers to take profit. Besides, buyers can drive prices beyond t...
    Read the full newsflash

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