One of the up and coming cryptocurrencies gaining ground in the marketplace is Tron. Tron uses the coin TRX in exchange platforms which can transfer value from peer to peer. Like most cryptocurrencies it got its start at a price of under $.01 back in December and is now trading at over $.12.
The creators behind Tron wanted to create a digital currency and platform that solves the problem of content providers being charged and taken advantage of by entertainment giants like Google and Youtube. This cryptocurrency would eliminate all the fees charged by media intermediaries like a Google and Youtube and reward the creators of the content more.
It was created by a 26 year old genius Justin Sun from Beijing with the idea behind the platform to be able to create a decentralized content distribution platform. This would allow people to publish, store and own data at a much lower cost than offered by the tech giants at Google and Youtube. This might be an interesting crypto to look into and invest with as the price is low enough and the idea behind the crypto is useful and needed in society.
Right now there are only a few places that you can purchase TRX one of which is called Binance where 90% of all the trading of TRX takes place. You cannot purchase directly from USD but instead have to exchange from Bitcoin or other cryptos in order to purchase.
@Echowhale team swimming by with your upvotes !
Hi @ricjames i had never saw your content before when i was browsing however @echowhale had upvoted a post of yours and it caught my attention im glad it did. Great job. Im following you now
Thanks for your support I will try to keep posting interesting content daily about the cryptocurrency, glad you enjoyed.
Honestly, not sure about this one. There is some controversy about the project and allegations that big sections of their white paper were copied from other projects. There is also a huge pre-mined float of coins. 65,748,192,476 to be exact. 65 billion is a lot of coins compare to only 16 million bitcoins for example. But, good luck to everyone in the markets.
yeah I heard about that I have not yet read into the allegations but understand that is most of the reason as to why the price to fell 18% today.
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