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Why investors buy Tron: Tron is a blockchain-based platform that aims to revolutionise the entertainment and content-sharing industry. TRX (TRONIX) is the native token, or cryptocurrency of the TRON blockchain. It’s like the “money” within the TRON ecosystem. People use TRX for transactions and various applications on the chain. Think of it as the fuel that powers TRON.
Founded by the ambitious and sometimes controversial entrepreneur Justin Sun, Tron seeks to create a decentralised ecosystem where creators, developers, and users can interact without intermediaries.
At the time of writing (08 April 2024), Tron is the 11th most-popular crypto in the world by market capitalisation.
TRON is a blockchain platform, like Ethereum, that can run smart contracts. It can also be used for building dApps (decentralised apps, which are apps built on the blockchain rather than on the internet).
It works so much like the Ethereum network that it has become a competitor. In fact, TRX started as a token that was built on Ethereum. But then, it switched to its own blockchain.
While Tron was started for a different use case, it has taken off on another plane of existence. Tron has reportedly become the most heavily-used blockchain for stablecoin activity.
Tron now serves as a global network for settling offshore dollars. With over half of all USDT supply sitting on Tron and significant transactional activity, perhaps Tron is now THE global settlement network.
Recently, Tron’s transaction volume surpassed Ethereum, making it the chain with the greatest volume of stablecoin transfers. It now settles around $70 billion of weekly on-chain stablecoin volume.
This widespread distribution and usage of USDT on Tron indicate Tron’s significance in the crypto landscape.
Sun along with Tron has had skirmishes with US’s Securities and Exchange Commission. However, that isn’t unusual within the crypto industry in the U.S.
Sun has made some rather “extra” publicity stunts, including paying a stupendous amount of money for a building-sized photo of his face. The ad had a very small connection to the Tron network.
In another promo, Tron users get a chance to win a trip to space. Like, legitimately, he bought tickets on Jeff Bezos’ spaceship.
Sun has been known to use the title “His Excellency”. Here there is an interesting backstory.
In December 2021, the Granada Government appointed Justin Sun as its ambassador and permanent trade representative to the World Trade Organisation (WTO).
Unfortunately, the political landscape changed soon after, and the political party that appointed him lost the general election. All ambassadors were recalled, including Sun.
Despite this, he continued to assert his diplomatic status. He still uses “His Excellency” on his social media handles. While some continue to address him as “His Excellency,” others recognise that his diplomatic status was short-lived.
Regardless, the Tron Community still refers to him as an “ambassador for the blockchain”.
TRX is the native cryptocurrency of the TRON blockchain, which is a decentralised platform for content creation and sharing.
You can buy Tron (TRX) on CoinJar, a trusted cryptocurrency exchange in Ireland. Simply create an account, deposit funds, and purchase TRX. CoinJar supports transactions with low fees, making it convenient to buy cryptocurrency like Tron. Once purchased, the TRX will go into your CoinJar wallet.
To buy TRX, for use on the Tron Network or just as an investment, use a reputable crypto exchange like CoinJar. Ensure your account is protected with strong security measures, and store your Tron in a secure wallet if moving it out of your CoinJar wallet. CoinJar offers a convenient way to buy crypto with minimal fees and customer support for questions about transactions.
Yes, after you buy Tron on CoinJar, you can trade or sell TRX on the exchange. CoinJar allows you to manage your cryptocurrency assets, including trading Tron for other cryptocurrencies or selling it for fiat currency with competitive fees.
The minimum amount to buy TRX on CoinJar is low, making it accessible for beginners. You can start with just €20. Check the platform for specific limits, as CoinJar supports flexible investment options for purchasing Tron and other cryptocurrencies.
Tron is a popular cryptocurrency known for its fast network and low transaction fees, ideal for decentralised applications. Buying TRX can be a strategic investment, and CoinJar provides a secure platform to buy, trade, and store Tron.
CoinJar Europe Limited (CRO 720832) is registered and supervised by the Central Bank of Ireland (Registration number C496731) for Anti-Money Laundering and Countering the Financing of Terrorism purposes only.
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