About TRON

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TRON is an open-source blockchain platform that went live in June of 2018. Prior to the mainnet launch, the platform’s native asset TRX existed as an ERC-20 token on the Ethereum (ETH) blockchain. The TRON blockchain is designed to host smart contracts and decentralized applications (dApps). Similar to the concept popularized by Ethereum, TRON can also be used to issue custom blockchain-based tokens, which must adhere to the project’s own technical standards, such as TRC-10 and TRC-20.

Here’s a quick overview of key facts about TRON and its core blockchain features:

  • TRON is a blockchain platform that uses a delegated proof-of-stake (DPoS) mechanism to reach a consensus about the state of its ledger
  • The TRON ecosystem consists of a native NFT marketplace, interoperable BitTorrent Chain, sidechains, and a decentralized stablecoin USDD (USDD)
  • The TRON network shares a lot of similarities with Ethereum, both due to its token standards and smart contract functionality
  • Chinese cryptocurrency billionaire Justin Sun founded the TRON foundation in 2017 to pursue a “truly decentralized Internet”
  • The native digital currency of the TRON ecosystem, the TRX token, was initially sold in an ICO in 2017 at a price of roughly $0.0019 per coin

What is TRON and how does it work?

The TRON platform aims to provide the scalability required to support popular dApps by employing a delegated proof-of-stake (DPoS) architecture. This design allows the TRON network to perform fast transactions with minimal fees. This has allowed the platform to become one of the most active in the industry in terms of transaction volume – TRON-native Tether (USDT), for instance, regularly tops the lists of most transacted cryptocurrencies.

TRX holders use their tokens to vote for Super Representatives (SRs), which maintain the TRON blockchain. At any given time, the 27 SR candidates with the most votes are active and take part in the TRON blockchain’s consensus process.

Some of TRON’s biggest competitors when it comes to popular blockchain platforms for smart contracts and dApps are Solana and Ethereum. Projects such as BitTorrent (BTT) and WINkLInk (WIN) have used the TRON platform to create their own tokens and raised funding through token sales.

TRON employs a 3-layer blockchain design, with a dedicated storage, core, and application layer. TRX, which stands for TRONIX, is issued by TRON DAO, a decentralized autonomous organization (DAO) governing the TRON ecosystem. TRX is used as a primary medium of exchange and as the main asset covering transaction fees on the network.

Creation of TRON

The TRON project was founded by Chinese entrepreneur Justin Sun, and its development is headed by the TRON Foundation, which was established in 2017. The TRX token started trading on cryptocurrency exchanges in September of 2017, after the successful completion of the project’s initial coin offering (ICO) campaign in August 2017. In total, 15,200 BTC (worth approx $70 million at the time) were raised in the month-long public sale of 40 billion TRX.

Sun acquired San Francisco-based tech company BitTorrent Inc. in 2018. By leveraging the sizable existing user base of BitTorrent’s products, the TRON team aims to boost the adoption of the TRON blockchain. BitTorrent launched BitTorrent Token (BTT), its own token on the TRON blockchain, in 2019.

It is worth noting that Sun has drawn substantial amounts of criticism over the years, both for his often brash and outspoken behavior and for allegedly copying features from competing blockchain platforms (such as decentralized stablecoin, token standards, etc.).

According to TRON’s 10-year roadmap, the final stage of the TRON development outlined in the white paper is slated to roll out in 2027. In the future, the TRON team intends to pursue safer and faster TROM Virtual Machine (TVM) operations for enhanced smart contract functionality, better cross-chain support, and deeper decentralized finance (DeFi) integrations, with an end goal of building an all-encompassing Web3 hub.

TRON Price Forecast: A Good Time to Buy Amid Expected Dip

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In recent analysis of the cryptocurrency market, we have seen predictions for the TRON currency that suggest a slight downward trend in its value. Our current TRON price prediction indicates a projected decrease of about -1.01%, taking the value down to $0.076809 by June 12, 2023.

Our prediction is backed by comprehensive technical indicators that reveal a neutral sentiment in the market. This simply means that there’s a balanced interplay of buying and selling forces at this point in time. Such conditions may bode well for some investors, particularly those looking for a relatively stable market to enter.

As another tool to gauge market sentiment, the Fear & Greed Index is standing at 53, indicating a neutral stance. Essentially, the index signifies that investors are neither overwhelmingly fearful nor excessively greedy. This sense of balance reflects a stable trading environment, which could be advantageous for potential investors considering TRON.

Over the past 30 days, TRON has recorded 17 green days out of 30, which translates to about 57% of the time. During this period, TRON has shown a significant price volatility of 5.91%. For those unacquainted, green days are when the closing price is higher than the opening price, which often implies a bullish trend.

While high price volatility can sometimes be a concern for investors, our TRON forecast suggests that now might be a good time to buy TRON. Given the neutral market sentiment and Fear & Greed Index, potential investors may find an opportunity to buy at a relatively low price before a potential upswing.

As with any investment decision, it’s always important to carry out your thorough research and consider the overall investment landscape before jumping in.

TRON Price Forecast and Market Sentiment – May 2023

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Our latest forecast for TRON’s price indicates a projected decline of -1.24%, bringing the value to approximately $0.068135 by May 16, 2023. Present technical indicators suggest a Neutral sentiment with the Fear & Greed Index standing at 52, also indicating a Neutral stance. Over the past 30 days, TRON has experienced 15 green days out of 30, a 50% rate, with a price volatility of 2.42%. According to our predictive analysis, it’s currently an opportune time to purchase TRON.

Disclaimer: This content should not be interpreted as investment advice. It is presented only for informational purposes. None of the information, materials, services, or other content on this page should be taken as a solicitation, recommendation, endorsement, or any form of financial, investment, or other advice. Always seek independent professional advice in the form of legal, financial, and fiscal consultation before deciding to invest.

How to Exchange TRON (TRX): A Comprehensive Guide

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TRON (TRX) is a blockchain platform that aims to revolutionize the entertainment industry by creating a decentralized ecosystem for content sharing and publishing. The TRON network has gained significant popularity in recent years, with many developers and users turning to it for its fast transaction speeds and low fees. If you own TRON and want to exchange it for other cryptocurrencies or fiat currency, you may be wondering where to start. In this article, we will provide a comprehensive guide on how to exchange TRON (TRX).

 

What is TRON (TRX)?

TRON is a decentralized blockchain platform that aims to create a global entertainment ecosystem by enabling content creators to publish, store, and distribute their content on the blockchain. The TRON network offers fast transaction speeds, low fees, and high scalability, making it an attractive option for developers and users who want to build and use decentralized applications (dApps) on the blockchain.

 

How to Exchange TRON (TRX)

To exchange TRON for other cryptocurrencies or fiat currency, you will need to follow these steps:

Step 1: Choose a Cryptocurrency Exchange

The first step in exchanging TRON is to choose a cryptocurrency exchange that supports TRX. There are several exchanges that support TRX, including Binance, OKEx, and Bitfinex. When choosing an exchange, consider factors such as trading fees, security, and reputation.

Step 2: Create an Account

Once you have chosen an exchange, you will need to create an account. The account creation process may vary depending on the exchange, but typically you will need to provide personal information such as your name, email address, and a password.

Step 3: Verify Your Identity

Most cryptocurrency exchanges require users to verify their identity before they can start trading. This is to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. You will need to provide identification documents such as a passport or driver’s license to verify your identity.

Step 4: Deposit TRON (TRX)

Once your account is set up and your identity is verified, you can deposit TRX into your exchange wallet. To do this, go to the deposit section of the exchange and find TRX in the list of supported cryptocurrencies. Copy the deposit address and send TRX from your personal wallet to the exchange wallet.

Step 5: Exchange TRON (TRX) for Another Cryptocurrency or Fiat Currency

Now that you have TRX in your exchange wallet, you can exchange it for another cryptocurrency or fiat currency. To do this, go to the trading section of the exchange and find the TRX trading pair you want to trade. For example, if you want to exchange TRX for Bitcoin (BTC), find the TRX/BTC trading pair. Enter the amount of TRX you want to trade and submit the order. The exchange will execute the trade, and you will receive the new cryptocurrency or fiat currency in your exchange wallet.

Step 6: Withdraw Your Funds

Once you have exchanged TRX for another cryptocurrency or fiat currency, you can withdraw your funds from the exchange. To do this, go to the withdrawal section of the exchange and find the cryptocurrency or fiat currency you want to withdraw. Enter the withdrawal address and amount, and submit the withdrawal request. The exchange will process the withdrawal, and you will receive your funds in your personal wallet.

 

Tips for Exchanging TRON (TRX)

  1. Choose a reputable exchange: When exchanging TRON, it is essential to choose a reputable exchange with a good track record. This will ensure that your funds are safe and that you receive the best possible exchange rate.
  2. Keep your personal information secure: It is important to keep your personal information secure when using a cryptocurrency exchange. Use strong passwords and enable two-factor authentication to protect your account.
  3. Consider the fees: Each exchange has its own fee structure, so it is important to consider the fees when choosing an exchange. Look for an exchange with low fees to maximize your profits.
  4. Use a personal wallet: When exchanging TRON, it is recommended to use a personal wallet to store your cryptocurrency. This will give you more control over your funds and reduce the risk of losing your cryptocurrency due to exchange hacks or other security breaches.
  5. Be patient: Cryptocurrency exchange transactions can take some time to process, so be patient and wait for the transaction to be confirmed before making any further trades or withdrawals.

 

Conclusion

Exchanging TRON (TRX) for other cryptocurrencies or fiat currency is a straightforward process that can be done through a cryptocurrency exchange. By following the steps outlined in this guide, you can easily exchange TRX and take advantage of its fast transaction speeds and low fees. Remember to choose a reputable exchange, keep your personal information secure, consider the fees, use a personal wallet, and be patient when making trades or withdrawals. With these tips in mind, you can make the most of your TRON investment and participate in the growing world of decentralized entertainment.

A Step-by-Step Guide on How to Sell TRON (TRX) Cryptocurrency in 2023

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Introduction:

TRON (TRX) is a digital currency that is designed to be used for transactions on the TRON blockchain network. The currency has gained a lot of popularity over the years due to its fast transaction times and low fees. If you have invested in TRON and are wondering how to sell it, this guide will take you through a step-by-step process of selling your TRON cryptocurrency.

Step 1: Choose a Crypto Platform

To sell your TRON cryptocurrency, you need to find a platform that supports the trading of TRON. There are several cryptocurrency platforms available in the market, but not all of them support TRON. Therefore, it is crucial to choose a platform that supports the trading of TRON. ChangeHero is a great option as it is a reliable and secure platform that supports the trading of TRON.

Step 2: Create an Account

To sell your TRON cryptocurrency, you need to create an account on the platform of your choice. The account creation process is relatively simple and straightforward. All you need to do is provide your email address and create a strong password. Once you have created your account, you will be required to verify your identity. The verification process varies depending on the platform you choose. Some platforms may require you to provide a government-issued ID, while others may ask for a selfie.

Step 3: Deposit Your TRON

Once you have created an account and verified your identity, the next step is to deposit your TRON cryptocurrency. To do this, you need to navigate to the deposit section of your account and copy your TRON wallet address. You can find your wallet address by clicking on the TRON tab on the platform you chose. Once you have copied your wallet address, you can then transfer your TRON from your external wallet to the platform.

Step 4: Choose a Trading Pair

After depositing your TRON cryptocurrency, the next step is to choose a trading pair. A trading pair is a combination of two currencies that you can trade. In this case, you need to select the trading pair that includes TRON. For instance, if you want to sell your TRON for Bitcoin, you need to choose the TRON/BTC trading pair.

Step 5: Place a Sell Order

Once you have chosen your trading pair, the next step is to place a sell order. To do this, you need to navigate to the trade section of the platform you have chosen. Here, you will see the trading pairs available, and you can select the one that you want to trade. Next, you need to enter the amount of TRON you want to sell and the price at which you want to sell it. Once you have entered the details, you can then place your sell order.

Step 6: Confirm the Trade

After placing your sell order, you will be required to confirm the trade. This step is crucial as it ensures that you are selling your TRON at the right price. Once you have confirmed the trade, the platform will execute the order, and your TRON will be sold.

Step 7: Withdraw Your Funds

The final step is to withdraw your funds from the platform. To do this, you need to navigate to the withdrawal section of your account and select the currency you want to withdraw. You will then be required to enter your external wallet address and the amount you want to withdraw. Once you have entered the details, you can then submit your withdrawal request.

Conclusion:

Selling TRON

cryptocurrency is a relatively simple process that can be done by following the above steps. However, it is important to remember that the cryptocurrency market is highly volatile, and the value of TRON can fluctuate rapidly. As such, it is important to keep an eye on the market trends to ensure that you sell your TRON at the right time.

It is also important to have a strategy in place when selling your TRON. You should have a target price at which you want to sell your TRON, and this should be based on the current market conditions. Having a strategy can help you avoid panic selling, which can lead to losses.

In addition to the steps mentioned above, there are other factors that you should consider when selling your TRON cryptocurrency. For instance, you should consider the fees charged by the platform you choose. Some platforms charge higher fees than others, and this can impact your profits. Therefore, it is important to choose a platform that offers competitive fees.

Furthermore, it is important to choose a reliable and secure platform to trade your TRON. ChangeHero is a great option as it is a trusted and reputable platform that offers a secure trading environment.

In conclusion, selling TRON cryptocurrency is a relatively simple process that can be done by following the steps outlined above. It is important to choose a reliable platform to trade your TRON and to keep an eye on the market trends to ensure that you sell your TRON at the right time. Additionally, having a strategy in place can help you avoid panic selling and maximize your profits.

Discover the Easy 6-Step Process to Buying TRON (TRX) and Join the Revolution of Decentralized Finance Today!

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TRON (TRX) is a decentralized blockchain platform that aims to build a free, global digital content entertainment system. In this article, we will guide you through the process of buying TRON (TRX).

Step 1: Choose a Cryptocurrency Exchange

The first step in buying TRON (TRX) is to choose a cryptocurrency exchange that supports TRON (TRX). Some popular exchanges that offer TRON (TRX) include Binance, Changehero, Kraken, and Bitstamp. When choosing an exchange, consider factors such as security, user-friendliness, fees, and supported countries.

Step 2: Create an Account

Once you have chosen an exchange, the next step is to create an account. This process typically involves providing your personal information, such as name, email address, and address, and setting up a password. Some exchanges may also require you to provide additional information, such as proof of identity and proof of address.

Step 3: Enable Two-Factor Authentication

To enhance the security of your account, it is advisable to enable two-factor authentication (2FA). 2FA adds an extra layer of security by requiring a code from a device, such as a smartphone, in addition to your password to log in to your account.

Step 4: Add Funds to Your Account

Once your account is set up, you will need to add funds to it. This can typically be done via bank transfer or credit card. Some exchanges may also accept other payment methods, such as PayPal or Skrill.

Step 5: Buy TRON (TRX)

With funds in your account, you are now ready to buy TRON (TRX). To do this, navigate to the TRON (TRX) market and place a buy order. The amount of TRON (TRX) you receive will depend on the current market price and the amount of funds you are using to purchase.

Step 6: Store Your TRON (TRX) in a Wallet

Once you have purchased TRON (TRX), it is important to store it in a secure wallet. Cryptocurrency exchanges are vulnerable to hacking and theft, so it is best to store your TRON (TRX) in a wallet that you control. Some popular TRON (TRX) wallets include MyEtherWallet, MetaMask, and Ledger.

Conclusion

Buying TRON (TRX) is a straightforward process, but it is important to take the necessary precautions to ensure the security of your funds. Choosing a reputable exchange, enabling 2FA, storing your TRON (TRX) in a secure wallet, and keeping your private keys safe are all important steps in buying and holding TRON (TRX). With these steps in mind, you are now ready to join the world of decentralized finance and start using TRON (TRX).

TRX Forecast: $0.061957 ->$0.062682

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According to our current TRON price prediction, the value of TRON is predicted to rise by 1.17% and reach $ 0.062682 by January 22, 2023. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 51 (Neutral). TRON recorded 17/30 (57%) green days with 4.55% price volatility over the last 30 days. Based on our TRON forecast, it’s now a good time to buy TRON.

TRX Technical Analysis: to rise by 2.22% and reach $0.055604

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According to our current TRON price prediction, the value of TRON is predicted to rise by 2.22% and reach $ 0.055604 by January 1, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 27 (Fear). TRON recorded 17/30 (57%) green days with 1.26% price volatility over the last 30 days. Based on our TRON forecast, it’s now a bad time to buy TRON.

TRON price prediction: -6.01% / $ 0.049922

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According to our current TRON price prediction, the value of TRON is predicted to drop by -6.01% and reach $ 0.049922 by December 17, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 27 (Fear). TRON recorded 16/30 (53%) green days with 3.16% price volatility over the last 30 days. Based on our TRON forecast, it’s now a bad time to buy TRON.

Tron ($TRX) Total Transfer Value Breaches $5 Trillion-Mark

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Tron ($TRX) appears to be reaching milestones of late, as most traders within the crypto ecosystem flock to the network to settle transactions. The PoS blockchain recently crossed $5 trillion in value of transactions carried out on it. This feat highlights the increasing interest in its high-throughput and low-cost services.

 

Total transfer Value on #TRON has surpassed $5 trillion. It is the power of blockchain. pic.twitter.com/96AIgg67j1

— H.E. Justin Sun🌞🇬🇩 (@justinsuntron) September 1, 2022

 

Justin Sun, founder of Tron, revealed the accomplishment on Twitter in the early hours of Thursday. According to the screenshot from Sun, Tron’s blockchain explorer, TronScan indicates that the total transfer value on the Tron blockchain is currently $5.2 trillion. This figure represents one of the highest transfer values in the industry. Sun ascribed the feat to “the power of blockchain.”

Additionally, data from TronScan also revealed that $7.9 billion worth of transactions had been carried out on Tron in the past 24 hours. Furthermore, the total number of transactions on the blockchain is about 3.7 billion. 4.7 million transactions have been carried out on the chain in the past 24 hours.

Tron has witnessed magnificent growth since its release in 2018. Four years later, the network boasts of over 109 million accounts. Despite hosting just 10 protocols, it remains the second largest blockchain by total value locked (TVL), per data from DefiLlama. With a current TVL of $5.72B as of press time, it surpasses Binance Smart Chain, Avalanche, Polygon and Solana.

Touted as being the next Ethereum, Tron is behind Ethereum only in terms of TVL. Ethereum’s TVL is a whopping $34.26B with about 544 protocols. While Ethereum accounts for 58% of all TVL in DeFi, Tron comes second with a 9.75% contribution.

In addition to reaching these milestones, Tron’s PoS system seems to be the least power-hungry. As previously reported, recent data reveals that Tron is the most energy-efficient blockchain in the crypto ecosystem.

The Crypto Carbon Ratings Institute (CCRI) released a report on energy consumption rate by different blockchains. The report noted that Tron uses the least energy out of all blockchains.

The CCRI report mentioned that its annual energy consumption rate equals that of 15 American households. Per data from the report, the chain uses 99% less energy than Bitcoin, with a 162,868 kWh annual consumption rate. For context, Bitcoin’s annual energy consumption rate is a whopping 83 million kWh.

TRON Price History

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The native currency of the TRON network, the TRX token, was initially made available to investors in the initial coin offering (ICO) at 0.00000038 BTC per token in 2017. With BTC’s historic price of roughly $4,600 at the time and 40 billion TRX sold, $70 million was raised in the public token sale.

According to the TRON price chart and historical TRON price data, the price of TRX tokens increased by more than 50-fold in the span of fewer than 30 days between December 2017 and January 2018.

Here is what the historical TRX price data tells us about key milestones in the token’s price history:

  • $0.0019 – TRX coin’s price at the time of the ICO sale in 2017 was $ 0.0019 per token
  • $0.0100 – The price of TRON surpassed $0.0100 for the first time in mid-December 2017
  • $0.0500 – TRON’s price rallied beyond $0.0500 in the final days of December 2017
  • $0.1000 – The price of TRX surged past $0.1000 for the first time in March 2018
  • $0.2000 – TRON coin’s price reached the $0.2000 price milestone in March 2018, just four months after the token initially started trading

For a glimpse into potential future TRX price movements in addition to the TRON live price, you can follow our algorithmically generated TRON price predictions that take into account TRX’s current price and a number of market indicators, including Fear & Greed Index, market sentiment, overall volatility, and more. You can also check the up-to-date market rate of 1 TRX to USD via our handy crypto-to-fiat and crypto-to-crypto conversion feature.