TRON (TRX) was created after a successful initial coin offering in 2017. The currency is self-described as"a decentralized content entertainment platform based on blockchain technology".
Tron's main focus is on the entertainment industry. It was designed as a decentralized platform to provide content by combining peer-to-peer and blockchain technologies.
Steem (STEEM) also has a focus on content. It was created in 2016 and has grown to be a popular currency for investors. This is largely due to it social media platform Steemit, which uses Steem to reward its users when they contribute to it.
This article examines the defining characteristics of Tron and Steem, and what attracts investors to both currencies.
|
|
TRON
|
Steem |
| Utility | Reward for sharing content | Reward for contributing to Steemit platform |
| Circulating Supply | Just over 65 Billion | Above $250 million |
| Total Supply | 100 billion | $268 million |
| Community | Large | Large |
| Market Capitalization | $2 billion
|
Just over $500 million
|
| Daily Trading Volume | $147 million
|
$2.3 million |
| Public Awareness | Growing
|
Low |
Utility
Tron provides a peer-to-peer payment option for its users. However, its main focus is allowing its users to create applications, content, and websites without using centralized services.
Similarly, Steem provides a decentralized peer-to-peer payment option for its holders. Like Tron, it does not just function as a digital currency. Steem also rewards its customers with its currency when they contribute on the Steemit platform.
Supply
According to CoinMarketCap, Tron has a total circulating supply of just over 65 billion, and a total supply of 100 billion.
In comparison, Steem has a circulating supply of around 253 million and a total supply of just over 270 million.
Community
Tron currently occupies a respectable 15th spot on the global coin ranking list. This is an impressive return considering its short existence.
Tron's popularity could rise even further after the launch of Tron Main Net on March 31, 2018. The new Tron network will move Tron away from Ethereum, and provide exciting new features such as cheap transactions and smart contracts.
While Steem is not ranked as highly, the popularity of Steemit has provided it with a community of users that continues to grow globally. The social media network is well known among investors and public awareness in growing, albeit it more slowly than Tron.
Market Capitalization
TRON has an impressive market capitalization of $2 billion, according to CoinMarketCap. In comparison, Steem has a market capitalization at just above $700 million.
Daily Trading Volumes
At the time of writing, TRON enjoyed a 24-hour trading volume of $147 million. In comparison, CoinMarketCap shows Steem's daily trading volume at $2.3 million.
Public Awareness
While not as popular as bitcoin, the public awareness around Tron is becoming hard to ignore. The upcoming launch of its network and its focus on the gaming network could lead to further publicity around the currency.
While Steem has cemented itself in the world of digital currencies, it still has a low public awareness.
What To Take Away
Tron and Steem are both performing well in the digital currency market, with Tron currently on top. While they offer different features, they are similar in that they both have a focus on content.
The innovation behind Steem's social media concept continues to see its stock rise globally, while Tron's focus on the entertainment industry could provide endless possibilities for the new currency.
Tron and Steem both represent clever and innovative blockchain developments. They are prime examples of the potential that blockchain technologies offer, and not just in the world of finance.
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Not wild about Tron. Maybe because I lost money on it. It's a VERY hyped up token in my opinion without much solid ground yet. Maybe it will gain momentum and good partnerships will grow into something worthwhile, but for now, I'd say there's no comparison. Steem wins BIG TIME
Im thinking that tron is going to be a top contender. There seems to be some big names behind it. The platform is great and I love it.