Tron (TRX) is a popular, which aims to be a decentralized entertainment content sharing platform eventually leveraging blockchain and peer-to-peer (p2p) network technology. Founded by a non-profit Singapore-based foundation, the Tron Foundation seeks to tackle the global entertainment industry – currently valued at $1 trillion.
“TRON’s team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups.” Tim Berners-Lee is the founder of the World Wide Web.
TRON’s open, decentralized platform and distributed storage technology will allow creators of digital content to cut out middlemen such as the Apple Store and Google Play Store. Content producers will thus be able to obtain funds directly from consumers.
Currently, a lot of user data and traffic is controlled by a few corporations like Google, Facebook, Amazon, & Snapchat. TRON attempts to mitigate this control by placing ownership of the data back into the creator’s hands.
TRON wants to “Heal the Internet” through the following features:
Data liberation:
The date of ICO for TRX was between August 3, 2017, and August 24, 2017.
CEO and founder of TRON, Justin Sun, is often said to be “the next Jack Ma”, the founder of Alibaba. Sun holds an extremely impressive resume at just 27:
Graduate of the University of Pennsylvania2015 Forbes China 30 under 302017 Forbes Asia 30 under 30founder of Peiwo APP (China’s Snapchat)attendee of Hupan University founded by Jack Maformer chief representative of Ripple China.
Aside from Sun, the team includes other key players. CTO Lucien Chen is a former employee of Alibaba with extensive experience working with first-tier internet companies such as Netease, Qihoo 360, and Tencent.
TRON is already well supported by top Chinese developers on its team yet is continually expanding its employee base with members with veteran technical expertise such as Maorong Lin and Xiadong Xie. Together, the two employees bring years of technical development experience in the entertainment industry and internet commerce.
TRON is backed by notable members of the Chinese business community such as Hitters Xu (founder of Nebulas), Tang Binsen (founder of mobile game Clash of Kings), Xue Manzi (famous Chinese angel investor), Chaoyong Wang (founder of China Equity Group with $2 billion market value), Dai Wei (CEO of OFO bike), Huobi.com, and many more.
Furthermore, TRON is in the process of transferring TRX onto the Peiwo APP. This would give its 10 million users the ability to exchange the token back and forth.
While TRON will support all kinds of virtual currencies, TRX will be the official one. With this, all other currencies will have to be converted through TRX.
Currently, the cryptocurrency is trading around $check current price in chart at the end of article. According to investingpr.com By the end of this calendar year, it is expected to trade around $ 0.27 and within 5 years, it is expected to trade around $ 1.1. This is the reason why it is a good investment option as well. / The main reason why the cryptocurrency is slated to increase by such a significant amount is owing to the increased usage of the platform. As more and more developers start using the platform, it will result in the appreciation of the cryptocurrency as well. This is the reason why the cryptocurrency is slated to increase further.
The decentralized platform will also ensure that it becomes easier for the developers to publish the content. It is one of the very few blockchains which enables easy publishing of the content without any restrictions. This will again provide enormous versatility when it comes to the applications of this platform. As the applications of this platform increase, the usability will increase further. As the usability increases, the prize of the token will increase further. This is the reason why the potential in the platform is enormous. Source: investingpr.com
Thus, if you’re looking to invest in TRON now might be the perfect option to do so as the cryptocurrency is increasing in value consistently. With such large headroom for return in the future.
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