Tron (TRX)

Crafted with  by Trade Crypto Live
Name Price Supply Volume Market Cap
tron
TRON
$0.017
66,140,232,427.00 TRX
$488,895,730.00
$1,149,972,464.00

QUICK STATS

Proof of Work & Proof of Stake
Upbit TRX/KRW $105,935,000 26.43%
Binance TRX/BTC $76,858,000 19.18%
Bithumb TRX/KRW $43,598,300 10.88%
TRON is a decentralized protocol that aims to construct a worldwide free content entertainment system with its own blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, in a decentralized autonomous form. Each users decides the distribution, subscription, and push of their contents. This enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.
Content creators of audio, video, programs, as well as the individuals who seek to purchase and use such content. The TRON blockchain will allow online storage of all kinds of digital content, drawing in people from all backgrounds.
Saicoin(SC), Factom(FCT), Storj(STROJ)

VIDEOS

BACKGROUND

Whitepaper Summary
TRON has a detailed whitepaper, but they have been slammed for plagiarism (copying other projects whitepapers), so it will need some revamping before it can be given a fair review.
Problem Solved
The distribution market for content creators is controlled by a select group of internet giants (Amazon, Google, etc). They control content and who it reaches, and also take a cut for the distribution of the content.

TRON aims to create an open market that gives content creators full control of their content, cutting out the middle man, and allow people to exchange, sell, and market their content as they see fit, keeping more of the profit in the creators hands, and giving them more freedom to do what they wish with their creations.

Competitive Edge
TRON is focused solely on digital content. TRON will give the individual the power to create their own tokens, set the price for the content, and freely share it with whoever they with. TRX will be the primary currency of the TRON market, and any new tokens created there will be based on the TRX coin.
Development Roadmap
TRON has a lengthy roadmap, broken down into multiple phases, that stretches to through 2027.
2018 is in the “Exodus – Data Liberation” stage
Q1: “TRON Dogs” a popular game in Asia similar to “CryptoKitties” and may generate more demand for TRON as it grows. They also released a partnership with Matchpool without many further details.
The big news is with the coming Main Net release scheduled for May 31, 2018 and a gradual coin burn (decreasing the total supply, therefore increasing the value of the coin).
Odyssey – Jan2019-June2020 and the 4 other stages (Great Voyage, Apollo, Star Trek and Eternity) stretch their roadmap to 2027. Further details available on their website.

INITIAL COIN OFFERING (ICO)

TRON issued an ICO that completed on September 2, 2017 that raised 15,000 BTC.
Total of 100 billion TRX issued.
Public offering 40%
TRON Foundation and the ecosystem 35%
Private Offering 15%
Pay initial supporter -Pei Wo Huanle (Beijing Technology Co., LTD.) 10%
15,000 BTC
August 31, 2017 – September 2, 2017, 1TRX = $0.0019USD (0.00000038BTC)

TEAM INFO

Creators / Founders
Justin Sun – Creator
Former Chief Representative for Ripple in Greater China.
Forbes’ List 30 under 30 — Asia for Consumer Technology
Founder/CEO of Peiwo — China’s “Snapchat” Equivalent — 10 million users
Alumni of Hupan University — an extremely selective University created by the Alibaba Group founder, Jack Ma
Core Development Team
Lucien Chen – CTO
Keelson Yang – Technical Director
Xiaodong Xie – Developer
Maorong Lin – Developer
Xiaoquian Chen – Web Developer
Junju Wang – Web Developer
Notable Advisors
None officially listed but it is safe to say that Justin Sun’s experience and active involvement with other cryptocurrencies in addition to his relationship with Jack Ma (of Alibaba), that there are plenty of qualified and diverse sources of support and advice available to the TRON project.
Notable Investors
 

NOTABLE INVESTORS:
Weixing Chen — Investor
Hupan University Alumni
Founder of Kuaidi, a ride-share service, referred to as “Chinese Uber”
Kuaidi had early investments from Jack Ma and Alibaba Group

Wei Dai — Investor
CEO of oFo, a $3 Billion valued Bike Sharing company
operates over 10 million yellow-coloured bicycles in 250 cities and 20 countries
In July 2017, oFo received $700 million additional funding from investors including Alibaba Group
has over 62.7 million monthly active users

Shuoji Zhou — Investor
Founding Partner of FBG Capital- one of the world’s leading digital asset management firms
considered as one of the most well-connected and visionary crypto hedge fund managers in Asia.

Xu Yiji — Investor
One of the founders of Antshares, currently known as NEO
former head of Ant Financial Services — (the financial company of Alibaba)
member of the former Google Anti-Cheating Group

Trade Crypto Live Sentiment

TRON has set itself apart from its competition with regards to marketing, investment, and has working products taking shape. The leadership, vision and structure, alongside its realistic, lengthy and develop roadmap, gives us the impression that TRON has a long and prosperous crypto future.
Reference & Links

https://coinmarketcap.com/currencies/tron/
https://coincheckup.com/coins/tron/overview
https://github.com/search?utf8=%E2%9C%93&q=trx&type=
https://tron.network/
https://tron.network/enabout.html
https://medium.com/@TwentySumCrypto/tron-trx-coin-cryptocurrency-literally-everything-you-need-to-know-all-in-1-article-cea0387929a
https://onchainfx.com/asset/tron

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