Saturday, December 19, 2020

TRON – A Beauty of the Crypto Currency - M.Ravichandran

TRON is one of the crypto currencies. It works on block-chain based decentralized platform. The short name for Tron is TRX

TRX was founded in 2017 by Justin Sun and his team of Tron Foundation. It is a Singapore based non-profit organization.

TRON’s total market cap was about $1.6 billion in 2019. TRX can be purchased on exchanges for crypto currency like ETH or BTC. It can be stored on wallets. TRX was ranked 15th on the list of largest crypto currencies by market capitalization in 2018.

The long-term vision for TRX and low-cost digital orientation makes it a capable venture in the block-chain arena. It started racing from USD 0.002, now its price is around USD 0.03. It is predicted that it will be rising over USD 0.15 in 2021 and USD 0.65 by 2025.

As it works on decentralized platform, it has full control of the data network. So there are no middlemen for hosting. Every data will be stored securely through block-chain technology. It allows investors to take wholesome gains. 

There are various TRX pathways. It includes 6 phases from Exodus, Odyssey, Great Voyage, Apollo, Star Trek and Eternity. Now it is in the phase of Exodus which provides free peer to peer platform.

In the phase of Odyssey, it will facilitate economic incentive to boost up content creation. In Great Voyage, it will deal with income payment and dividend management. In Apollo, it will handle with its own token to improve economic vitality. In Star Trek, it will be moved into decentralized gaming network. In the final phase known as Eternity, it will encourage crowd-funding.

If all the phases are achieved well in advance, the TRX crypto currency would be in peak of wealth creation apart from the risks laid along the pathway.

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