Tronix – TRX – is the official cryptocurrency of TRON, which aims to be a decentralized entertainment content sharing platform by using the blockchain and peer-to-peer network technology.
Tronix, or in simpler words TRON aims to “heal the Internet” by constructing a free content entertainment system. Allowing users to freely publish, store and own data – while enabling them to own the complete rights to their content – TRON seeks to tackle the global entertainment industry – which is currently valued at $1 trillion.
According to its whitepaper, “TRON’s team members are followers of Sir Tim Berners-Lee (founder of the World Wide Web), 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.”
TRON’s decentralized platform will allow creators of the digital content to cut out middlemen such as the Apple Store, thus enabling them to obtain funds directly from consumers.
TRON’s key features
It aims to achieve its goal through following features:
→ Data liberation: free and uncontrolled data
→ A content ecosystem where users can obtain digital assets
→ Personal ICO with the ability to distribute digital assets
→ Infrastructure to allow distributed digital assets exchange and market forecasting.
How does it work?
When launched, the company behind TRON came up with a long-term project with a set of phases. It’s first step is called Exodus, which began this year and ultimately leads to the final phase called Eternity in 2023.
These are the key features of each stage.
Exodus: A platform for peer to peer distribution, storage, and content
Odyssey: Economic incentives to encourage content creation and empowerment
Great Voyage: Individual ICO capabilities
Apollo: Ability for content producers to issue personal tokens, called TRON 20 Token
The fifth stage of TRON is called Star Trek and it seeks to emulate something similar to Augur, which is a decentralized prediction market built on the Ethereum blockchain, but with the focus on decentralized forecasting and gaming platform.
Eternity, the final stage, imagines the ability to raise funds and monetize based on the community growth in 2023. Ultimately, the Tronix’s core technology will be based largely on the adaptation of IPFS – InterPlanetary File System – and the Ethereum platform.
Where can you buy TRX?
Big exchange platforms like Liqui & Binance are offering investors the ability to trade TRX for either ETH or BTC. New users can purchase BTC or ETH coins and deposit it to respective wallets on Binance to trade it with TRX.