Tron is a cryptocurrency and blockchain run on software developed by the Tron Foundation. In addition to the Tron cryptocurrency (TRX), the Tron blockchain enables other currencies and products through its smart contract and decentralized app (ÐApp) features.
This article will look at how Tron came to be and whether it could make sense for your cryptocurrency trading or investing needs. Read on to learn more.
What Is Tron (TRX)?
Tron is a cryptocurrency and blockchain developed by the Tron Foundation. Tron software supports smart contracts and decentralized apps (known as ĐApps in the crypto community), which makes it a suitable platform for additional cryptocurrencies in addition to the Tron coin central to the blockchain’s operation.
Alternate name: TRX, TRONIX
The face of Tron is founder and CEO Justin Sun, who manages Tron offices in the Americas and the Asia Pacific regions.1 Sun founded the Tron Foundation in Singapore in 2017.
The TRX token was introduced into the market through private sale of 25.7% of the initial token supply in January 2017, followed by an initial coin offering (ICO) for 40% of the supply in August 2017. The Tron Foundation holds the remaining 34.3% of Tron tokens.2
How To Invest in Tron
Tron is available through many popular cryptocurrency exchanges. According to the Tron Foundation website, these exchanges enable you to buy TRX:4
- Binance
- Bittrex
- Upbit
- Bitfinex
- HuobiPro
- Coinnest
- OKEx
- Gate.io
- CEX.COM
- Liqui
- YoBit
- OTCBTC
- LBank.info
- Bibox
- Bit-Z
- CoinEgg
- Qryptos
- CoolCoin
- Gatecoin
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