About Tron / Tronix (TRON)
TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.
As a decentralized digital entertainment protocol based on the blockchain, TRON enhances digital entertainment platforms around the world, including live shows, social networks, online casinos and games as well as mobile games, by providing functions of payment, development, storage and credit sharing.
The token of the TRON platform, TRONIX, tracks users’ entertainment behaviors and shares credit data with apps within the TRON network.
TRX has additional values of information storage and identification, with records about user acquisition and TRX spending stored in the blockchain. Core information will be accessed by all TRON apps, acting as the only credential for users to play in the global entertainment system.
While TRON will support all kinds of virtual currencies, as the official currency of the platform, TRX will be used for the conversion and circulation of the entire world’s virtual currencies in TRON.
Based on the TRON network, token barriers will be removed – or at least that is the theory. In the entertainment network, a payment settlement interface between systems will be created, realizing a trustworthy transaction information flow. This way, trust between people in numerous social and gaming links will evolve into trust between humans and technology.
TRON supports various kinds of blockchain networks and smart contract systems including Bitcoin, Ethereum, EOS, Qtum, and provides developers with multi-protocol infrastructure for entertainment app development and allows users to benefit from what it is described as “smooth” multi-protocol smart networks.
- Open an account on Coinbase.
- Open an account on Binance.
- Buy Ethereum ETH on Coinbase. ETH has a lower exchange and conversion fee and is faster than Bitcoin.
- Fund your Binance account with the Ethereum you just purchased. Note: Coinbase will charge a $14.25 transfer fee, so make sure you purchase and send enough to make it worth it. I recommend at least $500 at a time.
- Open the Exchange page on Binance and trade as you will.
Read full article on How to Buy Tron
Should I Buy Tron TRX?
This post attempts to weigh the good vs the bad regarding investing in Tron.
The information has been compiled and is accurate as of January 14, 2018. Subject to change tomorrow and beyond.
Disclosure: The author is currently invested in Tron as both a short-term trader and long-term investor. This post serves as an exercise in deciding whether or not to increase the position in both or none. The author will not tell you which way to go – you must do your own due diligence and research.
Good Things About Tron
- Wall Street Bankers are moving into cryptocurrencies more and more – Tron is one such currency receiving attention.
- The protocol is incredibly busy on gihub with development activity and progress on turning into a working product. Source
- Partnership with Baefeng, a Chinese video streaming service.
- 4 months old and tons of room to grow.
- Justin Sun was listed in Forbes as 30 under 30 twice.
- Tron is the only entertainment content coin in the top 100 coins. Can easily stay in the #1 entertainment spot going into the future.
- The price hit a high of 0.20 USD per coin without a working product. Upon release, there is a lot of upwards potential.
- Coin burn – like Ripple, Tron will implement a coin burn system to increase value. This means coins will be purposefully destroyed to limit volume.
- Currently down in price from the all time high, which is a good time to come in as a new investor or increase holdings as an existing investor.
- Realistic price point upon maturity will be around $3/coin USD. That is a 190% return at mid-January 2018 prices.
- Working product to be released at the end of 2018Q1. This is a great time to get in before the product is released.
- Many announced partnerships in the making.
- New office opening in San Francisco.
Bad Things about Tron
- Received a lot of negative press lately, questioning the founder Justin Sun. He is seen as a joke on Twitter currently. He continues to push Tron on followers in ways which don’t instill buyer confidence.
- Lots of profit taking between small investors and whales, causing the prices to plummet further.
- The original Tron whitepaper has been plastered as being full of plagarism.
- Currently no working project, apparently worth 14 billion USD.
- Early investor has already told a ton of Tron.
- Tron leadership has a vision and a lot of enthusiasm, but their execution so far has severely lacked.
Regarding all of the negative PR in the crypto communities about Tron. So many comments posts are reminiscent of high schoolers picking on each other. Reasons for not liking Tron run the gamut for not forking code (an acceptable practice) in the method a commenter prefers.
Tron appears to be undergoing a common cycle that any coin with a lot of hype/popularity experiences after it goes through a huge spurt of growth. I’ve already seen it happen multiple times to different coins in the last couple of weeks alone.
Coin is experiencing a lot of newfound growth and there’s a large amount of hype behind it. Usually it’s talked about a lot with glowing positivity. It’s the currency of the future! It’s going to be huge in 2018! Get in while you can! Ironically, this is how I found out about Tron myself.
The coin has gone 1000% in a couple of weeks. People start to regret not getting in earlier and begin to resent those who did. Owners of this coin are now seen as greedy money-grubbers trying to make a quick buck. People start telling themselves “this growth can’t be healthy. These bag holders are going to be sorry soon!” in some kind of weird sense of justice or karma.
People start looking for cracks in the coin. Anything, anything to bring it down. This snowballs into an all-out FUD campaign – I don’t like the whitepaper! It doesn’t even have a working product yet! Why is this coin only listed on a couple of obscure exchanges? I have insider info that the project is falling apart, get out while you can! *Gasp* one of the devs was being unprofessional on twitter!
It all blows over a couple of weeks later, the coin ends up doing just fine… and everyone starts looking for the next up-and-coming coin to repeat the cycle.