What is Tron Coin (TRX) and Its History

Rancakmedia.com – If you don't know what Tron Coin (TRX) is, you can refer to the article below to find out, such as history, and also the creator.

Tron coin is a blockchain-based decentralized platform that aims to develop a worldwide free digital content entertainment system using distributed storage technology and enabling future and cost-effective sharing of digital content.

The Tron Foundation, a non-profit organization based in Singapore, founded Tron in September last year.

In-house developers, including well-known tech enthusiasts, are part of the company's development team, led by CEO Justin Sun. Let's investigate further!

What is Tron Coin (TRX)

Tronix or Tron Coin is money or crypto assets used on the Tron network. As a decentralized platform or container built on blockchain, Tron aims to create a system for digital content systems.

Through this platform, you are not only limited to creating and publishing content. More than that, you can get benefits or rewards from content in the form of Tron Coin (TRX) from audiences who want to see your content. You will feel better about yourself, right?

In addition, you may also have full control over the data or content that you have on the platform.

This platform, in contrast to others such as Facebook, exploits user content for its own benefit.

Tron is the cryptocurrency used by the Tron Coin (TRX) network. As of January 2022, TRX is placed 26th in the list of top cryptocurrencies by market cap.

History of the Tron Coin

TRonix (TRX) is an alias of Tron Coin originally intended solely for use on the Tron blockchain-based entertainment system.

After its first coin offering in August 2017, the coin entered the market last year and has since grown to become the 10th largest cryptocurrency in terms of market cap.

ICO (Initial Coin Offering)

The coin's first offering price was set at $0.0019, and it sold for $70 million above the stated goal.

According to CoinMarketCap there are currently 65.75 billion Tron tokens in circulation out of a total of 100 billion. Most of Tron's activity is based in Asia, with the most common transactions being TRX and KRW (Korean Won) pairs, followed by TRX and BTC.

Tron was originally listed on CoinMarketCap on September 13, 2017 for $0.002. The trading volume for the day was $48.512.

The highest value of the currency $0.30 was recorded during trading on January 5, 2018, while the largest trading volume of $4,089,410,000 was achieved the previous day.

Creator of Tron Coin

Justin Sun, founder and CEO of the Tron Foundation, has a vision for Tron Coin. Prior to this, Sun served as the company's top representative in China.

With more than 10 million registered users, application Pei Wo live streaming primarily caters to the Chinese market and is integrated with Tron. Sun founded and served as CEO of Tron and Pei Wo in addition to his role on Pei Wo.

Sun is a protégé of Alibaba founder Jack Ma, who recently graduated from Ma's prestigious Hupan University.

With a doctoral thesis he wrote entitled "The Birth of a Decentralized Internet". Sun also studied at Peking University and the University of Pennsylvania.

Born in 1990, Sun has been listed on the Forbes “China 30 under 30” and “Asia 30 under 30” lists. Sun has amassed more than 400,000 Twitter followers as a result of his tireless efforts to get Tron public.

Tron Foundation

Based in Singapore, the Tron Foundation is a non-profit organization that is "primarily concerned with managing the Tron network based on the values of openness, fairness and transparency".

These include Sun with Tron CTO Lucien Chen as well as its technical director Keelson Yang and enterprise programmer Xie Xiao.

Conclusion

Tronix or Tron Coin is money or crypto assets used on the Tron network. As a decentralized platform or container built on blockchain, Tron aims to create a system for digital content systems.

In the article above we have discussed what tron coin is and also the history, ICO, and also the creator of tron coin. If you want to know troncoin price You can see the articles we have made.

Thus the article about What is Tron Coin (TRX) and its History, I hope the article above can be useful and helpful for all of you.