What is tron ?

 

Tron is a blockchain based operating system founded by Justin Sun, who now serves as CEO educated at Peking University in the University of Pennsylvania, he was recognized by Forbes Asia and it's 30 under 30 series for entrepreneurs. The TRX token is used inside the Tron ecosystem that allows users to deploy decentralized applications and run smart contracts. The Tron network was originally built to provide a decentralized network for content creators and artists from the entertainment industry, but as branched into a fully functional blockchain network, initially launched in 2017, as an ERC 20 token running on the Ethereum network, Tron launched its own main net in 2018. The network is managed by the Tron foundation that also provides grants for developers choosing to build on the Tron network. The Tron network supports solidity and is fully compatible with the Etherion network. It works through a three layer architecture consisting of a separate storage layer, application layer and a core layer. The network is secured by a delegated proof of stake system, which is a modification of the proof of stake consensus model and consists of 27 Super representatives that are responsible for validating and securing the TRX blockchain. The native token TRX is used for payment for goods and services for voting to elect the super representatives and for paying transaction fees inside the network

 

The Tron network charges very less fees as compared to other rival networks like Aetherium and does not charge any fee for some activities, making it a highly popular blockchain network. The Tron network acquired BitTorrent to expand its content outreach and launched a new token called BTT. The Tron network has also launched other tokens such as Justin sun. The Tron network also supports a side chain known as D app chain that allows developers to exploit the Tron networks advantages but at lower costs and easier deployment. Talking about the tokenomics the initial total supply of TRX was 101.88 tokens, but the team carries out regular burns to make TRX a deflationary cryptocurrency. The project plans to move towards a fully decentralized ecosystem in the future. The distribution mechanism is explained as 25.7% for private sale, 40% for public sale, and 34.3% for Tron foundation and team the all time high price of one TRX was 23 cents on January 5 2018. It is currently trading at eight cents, the all time low price was 0.0707 $9 on November 12 2017. Comparing the all time low and all time high price we get returns of about 4,606%, which are very impressive returns. The TRX token is slowly establishing its position as a leading cryptocurrency.

 

Now moving towards the supporting exchanges for the Tron token. The Tron token can be bought on almost all popular exchanges such as okex bindings to give an X coin base Naaman X was or gate.io FTX you will be global coo coin, this Kraken crypto.com, Gemini and many more. You can buy Tron either through cash via peer to peer credit or debit cards or through other cryptocurrencies.

 

So we will be using buying in exchange to show you how to buy or trade the token. First, go to the bindings.com the official website of bindings and login to your account. If you do not have an account, create an account first and complete the procedure for the KYC. After successfully registering the account, you can buy the Tron crypto from a couple of options here. Go to the buy crypto option here and select Credit or debit card option here if you want to purchase with your card. First you will need to purchase USD T crypto here which is a crypto version of United States Dollars. Enter the amount of United States dollars you want to spend from your card and below here search for the USD T crypto in order to convert them to Tron later. Click on Continue button here to enter your card details and complete the transaction. After successfully purchasing the USD t you can go to the trade option and select Convert here. As you can see, USD T is selected default so search for the Tron crypto here and select it. Now enter the amount of USD t you want to spend to buy Tron, you will see the amount of Tron you will receive when you click on the Preview conversion button here just complete the trade here and your Tron tokens will be sent to the bindings wallet here. We have another option here to trade in advanced mode here in the trade option. Simply click on Advanced option and you will be brought up to this place. Here you can search for the Tron crypto corresponding to the coin from which you want to buy. In this right section here you can see the order book live price trades and order placing menu. The Read orders here are the selling order and green ones are the buying orders at the custom prices. That means when the live price touches such a value, the key orders will be completed. In order to buy Tron here enter the price at which you want to buy Tron or leave it as it is to buy at the current price. Then enter the amount of USD t here which you want to spend and click on Buy Tron button here to place the order. Once your order is completed, you will see the tokens in you Biden's wallet. If you would like to buy from any other exchange the method is almost similar. The wallets that support the Tron token, our trust wallet, meta mask, wallet connect, etc. All of these wallets can store the token and you can download the trust wallet meta mask and wallet connect apps on your mobile devices