A New Competitor Seems to Be Joining the Cryptocurrency Industry, TRON’s Prices Increase

What is TRON?

No, not the movie, the cryptocurrency company.

TRON is a cryptocurrency company that aims to be a decentralized entertainment content sharing platform and soon utilizing the aspects of the blockchain and peer-to-peer network to disrupt the worldwide entertainment industry, which has a current value of one trillion dollars.

The cryptocurrency company is headed up by the Tron Foundation, which states that they are ardent followers of the Tim Berners-Lee, a pioneer,  known as the inventor of the World Wide Web. They believe that the protocol, since its start date, has been a valuable asset to human beings, rather than a tool that will bring profits to a few parties in the world. Thus, the TRON Foundation, based in Singapore, exists to operate the network of TRON, adhering to principles of transparency, fairness while taking actions to support TRON and it’s development team.

The value that they pledge to bring to the world and cryptocurrency ecosystem is that they will provide an open and decentralized space with the offering of a distributed storage technology. This offering will facilitate a better experience for creators of digital content, eliminating players such as the app store of both Apple and Google. This gives the creators direct access to consumers, allowing them to gain funds and support directly from purchasers of their content.

Their Cryptocurrency

The cryptocurrency of Tron has been in the news as of late, the currency, called TRONIX, has seen a rapid appreciation over the course of the past few months.

For starters, TRONIX has grown upwards of ninety percent recently because the founder of the platform has commented that he will be announcing a significant partnership with a company that is trading on the public markets. Which company? He has yet to announce it. People are thinking that it will be huge and this thought process is reflected in the price of their coins jumping all the way up. Their token has jumped up at least over a hundred percent over the course of a day.

The price of the cryptocurrency is now sitting at the cost of twenty cents.

The surprising thing is that TRON has only been in the market for about four months and is realizing this much growth in such a short period.

This means that over the course of four months or so, the cryptocurrency has appreciated to more than a ten billion dollar market capitalization, giving it 8th place in the cryptocurrency market list. The digital currency has a current circulating supply of 65,748,192,476 TRX * according to Coinmarketcap.

Founder of Tron Twitter spars with Charlie Lee

The founder has also taken some jabs at the founder of Litecoin, saying that they are have locked up some Tronix until the year of 2020 and will be staying to work on their project.

In response to a tweet by SatoshiLite that stated:

“People keep asking me about it… fine, I will give my opinion. I loved the original TRON movie but was meh about the latest one. I feel like it is extremely hyped without a lot of substance.”

The founder of TRON stated:

“I love @SatoshiLite and @litecoin. It is a pity that @SatoshiLite has sold all of his LTC https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/ … but we locked up all #TRX we have until 2020 https://etherscan.io/address/0xa18ff761a52ce1cb71ab9a19bf4e4b707b388b83 … because we have confidence in #TRON and devoted our lives to it.”

By | 2018-01-05T02:37:07+00:00 January 5th, 2018|News|0 Comments

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