Hashingnews

Perspective altcoyins – TRON

HashFlare

Bitcoin and other crypto currencies continue to beat all possible and impossible records. However, behind the excitement around the main crypto currency and several major altcoyins, many investors do not notice the obvious opportunities for investment. Namely, small coins and projects that clearly deserve to pay attention to them.

Firstly, because behind many of them are really worthwhile projects that have growth prospects. Secondly, during important informational occasions their price increases by 30, 40, 50, 100 and more percent. For example, Ripple, Cardano, Stellar, IOTA and Litecoin, which for the year grew by 10303.84%. But this is a long-known crypto currency, although not much is said about it. Thirdly, for many altkoynami there is strong support of the community, which “pumps” the crypto currency. Here you should understand the risks and give an account of the honesty of such earnings, but such projects bring huge profits. For example, the Chinese projects NEO and TRON. The latter will be discussed today.

The TRON Crypto currency at the moment is ranked 22nd in the Top 100 by total market capitalization, and the price of one coin is $ 0.016940. On December 14 this token grew by almost 150%, which surprised and pleased its holders.

The most relevant data can be viewed by reference:

TRON project site – https://tronlab.com/en

Whitepaper – https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf

About The Project

TRON is a decentralized platform that provides the creation of a worldwide free entertainment system based on blockbuster technologies. But this does not mean that the content placed on the site will be. The content in the TRON system will be managed by users who can freely publish, store and share content, thereby benefiting from it. Its content can be commercialized through a kind of ICO stay.

TRON also provides developers and major players with a digital entertainment market, competitive conditions, development, payment and sharing functions. This helps to make digital entertainment from around the world accessible to a wide audience – live performances, social networks, online casinos, games, etc.

The first application that is compatible with TRON will be Peiwo App. At the moment, this application is used by more than 10 million people. This is the Chinese equivalent of Snapchat. It is assumed that the integration of future systems this month, and full-fledged transactions from the Peiwo APP purse will be available in the second quarter of 2018.

As the creators of the project note, the TRON Foundation and the Throne, created for the operation of the Throne network and the support of developers, fully comply with the laws of Singapore. The founder of the project, Justin Sun, apparently chose Singapore for the organization of the legal entity and the fund, based on Singapore’s fairly loyal attitude to crypto-currencies and block projects. Although the ICO project was held in Beijing.

By the way, the ICO project was completed in September 2017. TRON team managed to raise $ 70 million within the initial placement of coins. 100 billion tokens were issued, 40% of which are ICO, 35% of the Throne Fund, 15% of private ownership, and 10% of Peiwo App.

At the moment, the project was supported by: Tang Binsen, founder of Clash of Kings, founder and CEO of buy-in OFO Yin Mingshan, founder of the Lifang Group of Companies, founder of BTC China Linke Yang, and a number of other major Chinese businessmen, investors and business angels.

TRON Project Tokens

The main currency of the platform is the Tronix token. However, the site will have another token, Tron Power (TP), which will give the right to vote on the site, so the owners of this token will have more privileges within the ecosystem, but these tokens can only be purchased in one way – for their Tronix. Tron Power can not be sold or made with any purchases.

Also within the framework of the site will be the current token protocol TRON 20, which will allow content owners to conduct their ICO and release their own tokens, tied to Tronix.

But this does not mean that only TRON crypto currency is accepted on the site. The platform works with Bitcoin, Ethereum, EOS and Qtum.

The project team

Founder and CEO of TRON – Justin Sun, who already got on the list of the richest businessmen under 30 years of Forbes China and Forbes Asia. In China, it is called the following by Jack Ma (Alibaba). By the way, he is his so-called “protege”. Moreover, Justin Sun is the founder of Peiwo APP, as well as the former official representative of Ripple in Greater China.

Technical Director – Lucien Chen, work in such Internet companies as Netease, Tencent, Qihoo 360, SM Search.

The technical director is Kilson Young, a software developer at companies such as UFIDA and China Roads Information Technology (Beijing) Co., Ltd.

The team also includes several developers of Python and Java.

Where can I buy

Now you can buy TRX tokens at the following inputs:

  • Coinnest
  • Binance
  • Liqui
  • CoinEgg
  • HitBTC
  • Qryptos
  • Gatecoin
  • Gate.io
  • EtherDelta
  • Mercatox
  • Bit-Z
  • CooilCoin

In general, this project has good prospects, since it has sufficient support in China, and this is a fairly active crypto-currency market (even despite regulatory restrictions). But be careful and make a decision about investments carefully and deliberately.

Useful links

If you want to purchase TRX tokens, be sure to track the news related to the project. Here are some useful link:

Twitter – https://twitter.com/tronfoundation

Disclaimer: before investing any funds in ICO or any other investment projects, including that you are investing in a reliable start-up that will honestly work out the money invested in it. Check the project documentation, the team, review the mention of the project in reliable media sources, and evaluate the prospects of the idea itself.

Add comment