Tron is shining bright and large in the cryptocurrency world, by taking one of the top ten coins by capitalization within one year of its introduction. The entertainment-focused platform is aimed at the global content of the entertainment sector. The cryptocurrency of Tron is named TRONix (TRX). In the Tron Ecosystem, as a creator of content, you have full ownership and you shall be compensated.
Since its public launch in 2017, Tron has risen dramatically in value with an indicative conversion rate of Tron to INR at ₹8 approximately as of November 2021, it stands tall as an example of a crypto that is at the brim of scaling upwards. For someone considering investing in Tron, this is surely a progressive indicator.
If you are someone who is curious to know more about Tron, here are a few facts that will give you a fuller picture of the cryptocurrency that is gearing up to remodel the entertainment industry.
1. Future plans ready for the currency – The developers have announced that Tron has made a strategic investment in the DeFine social non-fungible tokens (NFTs) platform. The first four phases have already been completed in recent years and the last two phases are currently being implemented. Tron has set its vision clear on the promise that it has given for the future by making partnerships and taking the Tron brand to new heights in the crypto and traditional tech spaces. So, if you plan to buy Tron in India, no time is better than now!
2. Easy content sharing – The Tron Foundation project is a large-scale project that allows digital entertainment platforms to do without intermediaries. The content creators will be allowed to reap the benefits of free creation, circulation, and trading of digital assets under decentralized self-governance along with total transparency. For example, instead of paying a streaming service to watch a movie, you pay the production company directly so the customer pays less and the producers pocket more.
3. Supports other blockchains – Applications are given a wider variety of ways to be developed because of their scalability and highly effective smart contract. With a blockchain that is speedy and dependable, the system can perform efficiently, it is perfectly capable of supporting massive amounts of transactions swiftly.
4. Tron available through popular cryptocurrency exchanges – It is worthy to mention that TRX is listed on over 130 exchanges, and boasts of connecting millions of value investors around the world. In 2021, Tron was listed on Deutsche Börse, Europe’s largest stock exchange.
5. Good position in market capitalization – Tron (TRX), one of the largest and ranked 20th cryptocurrencies is high in demand among gamblers and gamers. Since its inception, Tron is still one of the most successful ICO’s (Initial Coin Offerings) of all time, raising more than $81 million from cryptocurrency investors!
6. Expected to have a booming future – The coin is being anticipated to perform exceptionally well in the coming days given its recent price movement. If Tron can achieve its goal of a decentralized entertainment ecosystem then its 100 billion tokens would be used by audiences to connect directly with content owners. The growth rate of Tron is expected to be consistent.
7. Fascinating to investors in terms of returns – Developing smart contracts on the Tron blockchain is relatively much cheaper when compared to Ethereum or other protocols. Experts forecast Tron to show continuous, healthy growth as its technology continues to be adopted by content creators and data sharers. After being active in DeFi ecosystems, the TRX token outperformed impressively during 2020 and gained 120%. It’s not just value increase but profit is the key point while you invest in Tron.
8. Secure network – Tron is considered to be one of the most secure public chain systems at present as the data is ensured to be never changed by cryptography. The Tron foundation takes security on the platform very seriously and rewards individual developers who detect bugs in the code and help in keeping the ecosystem safe and secure. With Bug bounty programs, they outsource the cybersecurity expertise and that makes Tron have a secure reputation in the crypto world.
9. Can handle far more transactions at a time – Currently, the Tron blockchain is capable of supporting 2000 TRX per second and the transaction speed is 15 seconds. The Tron team is highly committed to resolving scalability issues so that its users can enjoy a higher number of transactions per second than its competitors.
10. You can play Cropbytes using Tronix – Cropbytes is a simulation game that allows you to perform different roles like a farmer or investor. The farming and strategic business challenges are so engaging for the players. The game currency that you finally gain in the game can be interchanged for TRX.
Once you set your financial priorities and study the market trends, the next step to crypto investing is actually buying in. So, with these above-mentioned insights, you can now make informed decisions when it comes to Tron.