TRON is a decentralized entertainment platform based on its own blockchain, which has a native Tronix token (TRX). In other words, Tron is something like a social network where users can freely post, watch and use the content for entertainment. For developers, the TRON platform provides an opportunity to promote their games and applications, acting as an analog of the AppStore and Google Play.
The TRON fund and the management company are registered in Singapore, which is a jurisdiction loyal to digital currencies. The TRON Foundation is committed to providing grants in the project’s cryptocurrency for the best developers and the most active users.
The TRON platform uses several types of cryptocurrencies, including the native TRONIX token (TRX). The TRX token is the base token of the platform, but there are also other native tokens:
— TRON Power and TRON20 protocol tokens.
— TRON Power is a token that gives the holder the right to participate in voting regarding the development of the network.
— TRON20 is a protocol that allows the holder, the application developer, to issue tokens for their own game within the TRON network. The maximum possible number of TRX tokens is 100 billion.
Many consider Tron to be Ethereum’s main competitor, as both companies are committed to creating a decentralized network and smart contracts, and therefore, like Ethereum, Tron may also skyrocket one day.