KuCoin is delighted to announce that today they have listed another promising token called TRX. It is the intrinsic and transaction currency of Tron network, a blockchain-based platform establishing a truly decentralized Internet.
Deposits are now open with trading pairs such as TRX/BTC and TRX/ETC. Buying will commence at 19:30 UTC+8 while Selling/Withdrawal at 20:00 UTC+8. All trading activities can be done utilizing KuCoin’s App and direct to their official website.
About TRON (TRX)
The TRON Block Explorer (TRX) protocol is being designed so users can freely publish, store, and create their data on the blockchain. This data and information can be anything from simple text to pictures, audio, video, and the like. The purpose of the cryptocurrency project is to create a healthier entertainment ecosystem online.
The current system is governed by middlemen services such as Facebook, YouTube, and Twitter which take a tangible cut of the profits produced by content creators. Utilizing the blockchain technology, Tron hopes to facilitate all the content publishing that currently happens on these services, but in a decentralized and censorship-resistant manner.
TRON Tronix Token (TRX)
TRON’s cryptocurrency token is called Tronix (TRX), an Ethereum – based token. This utility token is used to facilitate data and information sharing in the TRON ecosystem. For instance, a user might send Tronix (TRX) tokens to a video publisher to gain access to their latest content release. The internet in China looks extremely different from that of the Western world, as is the use of cryptocurrencies and digital assets. It’s certainly worth the time to try to understand those differences if considering investing in TRON’s Tronix tokens.
The TRON Foundation
The TRON Block Explorer or the TRON Network is currently operated by the TRON Foundation, a Singapore – based non – profit. The foundation also supports the TRON Network development team and helps to ensure the openness and transparency of the cryptocurrency project as the blockchain technology continues to be developed.
Aside from creating this cryptocurrency project, the TRON Foundation can also do the following area of specialties:
- Development Software
- Digital Content and Entertainment System
- Financial Technology (FinTech)
- Information Technology
- Licensed Cryptocurrency Exchanges
This privately held company is headquartered in San Francisco, California and is officially approved by Singapore’s Accounting and Corporate Regulatory Authority (ACRA) and is managed by Singapore’s corporate laws.
The Team behind TRX
The TRON Block Explorer is founded by Justin Sun. He also serves as the cryptocurrency project’s Chief Executive Officer (CEO) and the founder of TRON Foundation – the internet company behind the TRON project.
Sun has been named on the 2017 list of Forbes Asia’s 30 under 30. He is also a protégé of Jack Ma, the founder of Alibaba Group. Among Sun’s preceding successes is creating the Peiwo application, a gaming application with over ten million users. The application will be the first to implement TRX tokens to pay for its digital content, this, in turn, gives the TRON Network a head start in the long process of achieving mass adoption.
The rest of the TRON Block Explorer team comprised of highly experienced web developers as well as several influential business leaders, serial entrepreneurs, and angel investors, all of whom are Chinese.