TRON CEO — image credit: TRON & Forbes
This is TRON (TRX)
TRON (TRX) has a market cap of $1.7 Billion dollars and is ranked 11th of all altcoins on coinmarketcap.com. Its price at the time of writing is $0.026.
TRON is a world-leading blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.
TRON is relatively new, founded in September, 2017 by Justin Sun in Singapore. TRON’s motto is “decentralize the web”. It boasts over 525k unique addresses, according to its website.There are currently 65.75bn Tron tokens in circulation out of a total of 100bn. That certainly does appear to be an impressive scale.
As of October, 2018 Tron also acquired uTorrent web that has reached 100 million users. According to TRON’s own data even just two months after its mainnet launched, daily transactions on the TRON (TRX) network had hit 40% (nearly half) of the total volume on the Ethereum (ETH) network.
On Reddit, the Tronix community has nearly 70k followers. While TRON was first listed on CoinMarketCap on September 13, 2017 at $0.002, nearly 14th months later it’s displayed a lot of growth. Since it’s trying to decentralize the future of content, it has a lot of potential business opportunities with brands and other blockchain entities as well.
While TRON (TRX) doesn’t yet make up even 1% of cryptocurrency’s market cap it could reach that milestone soon. In terms of altcoins that have room to grow and scale, it’s certainly a promising ecosystem and digital asset. TRON’s ability to continue to attract mega partnerships and brands means it should continue to attract blockchain developers and engineering talent. Simply put, TRON (TRX) is one of the most exciting blockchain companies in Asia.