Hello everyone, today i want to talk about an altcoin that i think has great value, TRON or TRONIX.
I know a lot of people think this coin is just a scam or a shitcoin, but after reading a lot about it and searching i figured that i can trust TRON.
TRON is a project for the long term, it is expected to be fully completed in 10 years, one of the main reasons i trust them is because his CEO, Justin Sun.
Justin Sun is the CEO of TRON. He’s just 27 years old but has already achieved quite a lot. After graduating from Peking University with a bachelor’s degree, he received his master’s from the University of Pennsylvania.
He became a protégé of China’s tycoon Jack Ma, chairman of the Alibaba Group. He’s also won Forbes’ 30 under 30 three different times.
TRON’s development team is no joke either. Justin Sun doesn’t hesitate to announce all of the top Alibaba executives joining the TRON development team. This project is spearheaded by brilliant minds.
So, now we know about the creator of TRON let´s talk about the project.
TRONix (TRX for short) is the official cryptocurrency of TRON. It aims to be a decentralized content sharing platform, giving the power to the creators and consumers. They are targeting the digital entertainment industry, valued at around 1 trillion dollars yearly.
The Current Problem
Currently, just about all digital media is hosted by a middleman. For example, to download an app you’d use the App Store of the Google Play Store. If you want to stream music, you’d use Netflix or Hulu. Spotify and iTunes music are also quite popular.
These companies act as a platform for digital content sharing; they also take a fee from the creators and consumers. TRON aims to tackle this issue by providing a medium for creators to share their content with consumers, cutting out the middlemen. All of the data is cryptographically secure via the blockchain, and the creators retain all of their profits instead of other companies taking a cut.
TRON will also protect the privacy by allowing individuals to retain their own digital footrint. Companies like Facebook, Google, Amazon, and many more make a lot of money by tracking and selling your digital footprint.. (https://tron.network/en.html)
Have you ever noticed ads appearing that seem to match exactly what you just searched or watched? This is because these companies track your digital footprint (all of your searches, likes, etc.) and sell this information to companies looking to market their products. The companies then post ads themselves or pay Google, Amazon, etc. to direct ads specifically at you.
With a decentralized entertainment sharing platform, this is no longer possible.
TRON aims to take this power away from big companies and give it back to the people by keeping your digital footprint cryptographically secure. You control the data and can decide what happens to it.
According to Sun, the cryptocurrency is already set to have a user base of at least 10 million, with Sun announcing that the Tron network will be implemented for his own Chinese social networking app Peiwo.
The coin has so far struck partnerships with a series of major companies, including Chinese video hardware and software provider Baofeng (which Sun dubbed the “netflix of China”), oBike, the largest bike-sharing company in Singapore, which will release “oCoins” on the Tron platform, with riders accumulating coins the more they ride. It also boasts investors such as Wei Dai, the founder of bike sharing company ofo, and a team of developers from Alibaba and Microsoft.
Sun has floated that it has a partnership in the works with a space exploration company, and rumors abound online about a partnership with Alibaba, although these remain unfounded.
Detractors of Tron say that the coin has a circulation of 65 billion coins, too much for it to have any significant monetary value. By contrast, Ripple has a circulation of 38 billion and recently surged past the $3 dollar mark. They also say that Tron is just an idea that is yet to be implemented, so no one can truly tell if it will be a success.
They have also pointed to the project’s “whitepaper” as one that bears hallmarks of other projects. But Sun has used his social media presence to add a sheen of transparency to the coin, challenging the claims of copying other projects and dampening the “FUD” (fear, uncertainty and doubt) around this coin.
Supporters of Tron on social media point to the plans of Sun, as well as his leadership of the coin, his Chinese connections and its position in the top 15 cryptocurrencies, as a sign of the potential that the coin and the Tron platform could have for the internet, be it for gaming, mobile apps or online marketplaces. For example, on January 22, Tron Puppies will be released by game.com, where users can use Tron coins to play the game, Sun tweeted.
http://www.newsweek.com/what-tron-cryptocurrencys-budding-founder-justin-sun-wants-change-internet-786035
We have to understand the difficulties that different languages may carry. One of the best ways to keep up with TRON news is following Justin Sun on Twitter: @justinsuntron
One thing for sure is that they are doing what they said they would do on time:
Tron Dogs was delivered on schedule. They said they would, and they certainly delivered. Which is important to determine if a company is just all talk.
The TRX Roadmap: Now til’ 2025
The TRON Developers have a specific plan set in place. Its first four phases set to end by 2023, and the last two phases by 2027. Here they are:
Exodus: The free platform for peer to peer distribution, storage, and content.
Odyssey: Economic incentives put in place to encourage content creation and empowerment
Great Voyage: Individual ICO capabilities
Apollo: Ability for content producers to issue personal tokens (TRON ERC20 Token)
Star Trek: Creating a decentralized online gaming platform, monetizing traffic
Eternity: Developers can create their games on the TRON network; crowdfunding for the games is also made possible via the TRON network
Why should you buy TRON?
Digital entertainment is a huge growing market. One example: Mobile games are on the rise. What if we told you, TRON’s vision is to interlink all those games into a singular trading space? One platform with ten games? Meh. One hundred platforms with a thousand games? Now we’re talking. What currency do you think they’ll be trading in? That’s right. TRONIX. But first, it has to start somewhere.
(https://cryptoslate.com/introduction-tron-everything-need-know/)
(https://tron.network/en.html)
(http://www.newsweek.com/what-tron-cryptocurrencys-budding-founder-justin-sun-wants-change-internet-786035)
(http://thecompletecoinguide.com/tron-weak-hands-fold/)
This is an awesome article! I totally agree on Tron this is a great long term hold. It is trying to solve a massive problem and the founder Justin sun is incredible. He was the ambassador for Ripple in China, Studied at PenU, mentored by Jack Ma (who founded AliBaba). It's an incredible team and a lot their coders are from microsoft or Alibaba (i.e. big companies).
My main hope would be that Tron partners up with Alibaba to help them with crypto/digital payment solutions in the future, but this company is based in China and could have massive applications globally. A top 20 market cap and with a low price making this coin a great time to buy.
Totally agree with you, i think TRON is a great opportunity. My desire is that everybody know about this awesome project.
Im waiting for that partnership with Alibaba too.
Nice to hear from a TRON fellow :)
Very interesting information here. I have been a fan of Tron for a bit and have a nice little collection of it going for myself. One thing to note as well is that the fees charged by the current content providers and the platforms they developed are really large and make it very hard for the people actually making the content to see rewards unless they somehow hit a home run. Tron will allow them to distribute their content and receive the majority of the payment for said content, like it should be!
I think tron will be a game changer for all kind of artist.
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