Ninelives of Tron

Dear Reader

Due to its surge in popularity and recent entry into the top ten of all cryptocurrencies according to https://coinmarketcap.com/ we are going to explore Tron (TRX) in this post. If you do not want to learn about Tron but are interested in other blockchains, please find links to my other cryptocurrency related topics below. This series is called Ninelives because I'm @crypticat and cats are said to have 9 lives due to their uncanny ability to survive. Tron hasn't really survived as it is just nine months old, but that makes it an even more suitable candidate for this episode of #Ninelives series 😸 Now let's see the 9 things which make Tron stand out.

1. Digital Entertainment: Tron aims to allow the free exchange of digital media uninhibited by corporations such as Google, Amazon or the APP store. Producers own their own content(imagine that) and distribute it securely and privately as they please with no cost on the network Tron aims to build. As it stands, middlemen take a very large cut and often allow politics and pricing to restrict who has access to their platforms, Tron wants to change this.

2. Online Gaming: This will be Tron's bread and butter, there are often untransferrable in-game purchases which make it costly or impossible to move your money from one game to another. You can only buy tokens in most games with currency, not sell them back or transfer them to another game. The current system makes your digital in-game assets essentially worthless if you stop playing the game and cannot sell your account. Tron's idea offers a vastly superior model. You will be able to move your TRX from one game to another.

3. Privacy Protection: If you own your own data and distribute it yourself on Tron's network, there is less risk of it being compromised. Facebook, Google and others own your data once you publish it online, they can do with it as they please and they have shown little accountability in the past when it has been stolen or misused. Cryptographically secured data on a blockchain is vastly superior to uploading it to a server owned by a private company in an unknown location which gives you no control over it.

4. Cross-Platform Transactions: Tron is currently an ERC-20 token, that is, it works on the Ethereum network. Tron will launch its own main-net at the end of May 2018. Tron also works with other blockchains like Bitcoin, EOS, Qtum which gives it excellent liquidity. You will be able to exchange your Tron for various fiat currencies, in-game currencies, tokens etc. This eliminates more middlemen and costly third party exchanges.

5. Rewards Creators: The next phase in Tron's roadmap is to provide incentives for content creators. You will literally be paid to produce data. Content creators on Youtube get very little in terms of how much their information is actually worth. Trons idea is similar to Steemit, where I feel that we are getting rewarded for producing quality content. With time the system should become fairer, but let's not get into that here. Tron's ambitious idea involves creating almost an entirely new internet.

6. Justin Sun: The creator and CEO of Tron is one of the most influential Asian millennials. He has appeared on Forbes 30 under 30 in Asia twice, he was the chief representative for Ripple in China, he is the Protege of Alibaba's Jack Ma and he is a U Penn graduate.

7. Explosive Growth: Tron's ICOs sold out in a matter of seconds in September 2017. On December 4th 2017, one Tronix was worth about 0.0021 cents, by January 4th it peaked at over 25 cents per coin. That's over 100X growth in 1 month!

8. Widely Available: You can buy Tron on many of the major exchanges, you can store Tron on any Ethereum compatible wallet. Any coin you can buy on the world's most popular exchange Binance and store on My Ethereum Wallet will be extremely popular with the right fanfare. There are over 1 million unique holders of Tron, the maximum supply of Tron is also 100 Billion, so don't expect it to 100x again any time soon. Also, about 1/3 of tokens are locked until 2020.

9. Project Genesis: Tron launched a reward pool totaling 2 billion dollars for programmers. They are also promising loans of up to $100,000 to support developers. This ensures that there will be ingenuity and development for years to come. For more information on how you can get a slice of the Tron pie, check out https://tron.network/tronpg?lng=en-CA

Thank you for taking the time to read about Tron, I hope you learned something. To tell you the truth, I didn't know much at all before writing this and thought Tron was a Scam; all I heard was that Tron's whitepaper was plagiarized and the price had exploded. Reading comments from fanboys on forums and Telegram didn't help my perception either. The point I am trying to make is, it is very important to follow an investment and thoroughly research it before you go all in. I didn't understand Tron and didn't care to, so I never invested in it. An intelligent investor limits their emotional bias(FOMO in crypto terms), I don't regret missing out on the explosive growth of TRX. It's much more important to do your own due diligence, for every opportunity you miss out on, you will save yourself from losing money 100 times over.

In no way is this meant to be financial advice. I do not recommend purchasing, using, selling or holding Tron. I have never owned TRX and am not affiliated with the Tron project in any way. Please do your own research when making investment decisions.

Previous Topics in the Ninelives Series

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