Tron’s Plans to Go Public Raise Eyebrows Over Trump Family Ties
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AB Kuai.Dong
There was an old saying before, once a certain concept runs to the big A and Hong Kong stocks and starts to hype, it is almost the end? These two nights include Circle, SOL Micro Strategy, TRX Micro Strategy, BNB Micro Strategy, all of which fell.
The good news is that Hype micro-strategy EYEN and Coinbase are still standing, and this wave of US stock coin circle copycat season, the last hope.
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May
The Impact of the U.S. Election on Crypto: The Biggest Winner Suspected of Chipping
As we all know, this US election has brought a lot of volatility to the crypto market. Today, we're going to take a look at the performance of the mainstream currencies TRX, SOL, ETH, and BNB.
TRX has significantly outperformed the market in this election cycle. Looking at the data, TRX has risen by about 7% so far this year, while SOL, ETH and BNB have fallen by about 24%, 28% and 7%, respectively
Why can TRX buck the trend?
The key to TRX's rise against the trend is its clear compliance layout and deep binding of USDT payment business. With the tightening of regulations, the market is leaning towards a stable and secure on-chain payment infrastructure, and more than 50% of the total USDT is currently carried on the TRON chain, and this real demand gives $TRX strong market support.
In addition, the positive impact of the U.S. election on TRON is also closely related to Brother Sun's All in USA. He maintains a close relationship with the Trump family, and the Trump family's trust in Brother Sun has also helped TRON smoothly move towards compliance to a certain extent.
Although the ETH ecosystem is huge, its high cost and TPS, as well as other factors, limit its room for expansion. SOL is more susceptible to market sentiment and falls significantly when venture capital sentiment declines. The trend of BNB depends on the future development and compliance status of the Binance exchange.
Taken together, the impact of this US election on the crypto market finally highlights their respective development paths and intrinsic values.
With its robust payments business and clear compliance strategy, TRX stood out from the market uncertainty and emerged as the biggest winner in this election cycle.
@justinsuntron @trondao #TRONEcoStar
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Evan Luthra
🚨 OVER $1 BILLION IN STABLECOINS JUST FLOWED INTO THE TRON NETWORK IN THE LAST 24 HOURS
TRC-20 $USDT SUPPLY IS NOW ABOVE $80 BILLION WHICH IS MORE THAN HALF OF ALL USDT IN CIRCULATION
$TRX ECOSYSTEM IS QUIETLY BECOMING A LIQUIDITY GIANT 🔥
DON’T SLEEP ON THIS!
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Evan Luthra
🚨 OVER $1 BILLION IN STABLECOINS JUST FLOWED INTO THE TRON NETWORK IN THE LAST 24 HOURS
TRC-20 $USDT SUPPLY IS NOW ABOVE $80 BILLION WHICH IS MORE THAN HALF OF ALL USDT IN CIRCULATION
$TRX ECOSYSTEM IS QUIETLY BECOMING A LIQUIDITY GIANT 🔥
DON’T SLEEP ON THIS!
The current price of Tron is $0.27209. Over the last 24 hours, Tron has decreased by -0.71%. It currently has a circulating supply of 94,808,819,318 TRX and a maximum supply of 94,809,145,109 TRX, giving it a fully diluted market cap of $25.78B. At present, Tron holds the 6 position in market cap rankings. The Tron/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
TRON (TRX) is a blockchain platform founded by crypto entrepreneur Justin Sun in 2014. It is focused on changing the landscape of the media and content creation industry. TRON helps media and content creators retain ownership of their work while being rewarded directly by consumers. With TRON, creators do not need to sell their work rights to big corporations to reach a large audience.
The TRON blockchain does not charge any fees for using the network. Despite the lack of gas fees, the network still supports as many as 2000 transactions per second. The blockchain is maintained through a Delegated Proof-of-Stake (DPoS) consensus mechanism. In TRON's case, 27 Super Representatives are nominated to validate transactions and secure the blockchain. To reduce the possibility of such a small number of people conspiring to take down the blockchain, the Super Representatives are changed every six hours.
The TRX token is the native token of the TRON blockchain and is used to reward media and content creators. Although created as an Ethereum-based ERC-20 token, it is now a purely TRON-based token built according to TRON's TRC-20 token standard. Consumers use TRX to reward media and content creators on the TRON blockchain for their work.
Since moving TRX from Ethereum and the ERC-20 token standard to TRON's TRC-20 token standard, new wallets have had to be created for storing TRX tokens and interacting with the broader TRON ecosystem. While the TRON Foundation hasn't released any wallets, several TRX-compatible wallets, such as Tronlink and imToken have been developed by members of the TRON community and third-party organizations.
TRX price and tokenomics
TRX is designed to have a maximum supply of slightly more than 100 billion TRX tokens. Currently, 71.6 billion TRX tokens are in circulation, with a little over 28.4 billion TRX tokens set to be released in the coming years, giving TRX an estimated market capitalization of $5.75 billion.
In its initial coin offering (ICO), 40 billion TRX tokens were allocated to investors, 15.75 billion were channeled to private sale buyers, ten bullion to the TRON Foundation, and the remaining 35 billion were distributed to the Peiwo app.
The TRON network burns coins to deflate the currency and rewards its users. However, the maximum limit TRX is not fixed and could be subject to change in the future. The Super Representatives validate transactions and add blocks of transactions to the TRON blockchain. For each new block added, the validator who added the block is rewarded with 32 TRX tokens.
Ultimately TRX is a deflationary token since its supply is capped. All the remaining TRON tokens are distributed as mining rewards to the representatives securing the blockchain by validating transactions.
About the founders
TRON was founded by Justin Sun, a Chinese entrepreneur in the crypto space with a business executive background. Before founding TRON, Justin Sun had worked in the crypto space as a representative of the crypto payments and remittance infrastructure provider Ripple.
TRON was initially known as Tronix and rebranded to TRON in 2017 when the platform became a blockchain, and the TRON foundation was created to oversee the project. TRON started as an ERC-20 token on the Ethereum network. However, after alleged spats with Vitalik Buterin, Ethereum's founder, the ERC-20 TRON token migrated to its own blockchain after the mainnet launch in 2018.
The TRON Foundation was dissolved in 2021, and the project is now run and maintained by members of the TRON community. Sun continues as the official ambassador of the project. Before starting with cryptocurrencies, Sun founded Peiwo in 2013, one of the biggest voice apps in China. The app is a mixture of Snapchat and a matchmaking site. It's currently functioning on the TRON network.
TRX developments
Over the years, TRON has been involved in various partnerships. In September 2022, Tron announced a partnership with crypto market maker Wintermute to boost the availability of TRX and other tokens on the TRON blockchain.
The partnership will see Wintermute become a member of TRON's decentralized autonomous organization (DAO), contribute to decisions on the platform's future, and acquire TRON's stablecoin USDD directly from the blockchain.
In exchange, Wintermute will provide liquidity for TRX and other TRON tokens on decentralized finance (DeFi) services like Uniswap, making accessing these tokens and the TRON ecosystem easier.
In September 2022, Tron launched the third season of its 2022 Grand Hackathon, with $1.2 million in prizes up for grabs. The contest is open to all developers and features challenges along six tracks, including DeFi, GameFi, and non-fungible tokens (NFTs).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 9.5K new posts about Tron, driven by 5K contributors, and total online engagement reached 5.2M social interactions. The sentiment score for Tron currently stands at 74%. Compared to all cryptocurrencies, post volume for Tron currently ranks at 1124. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Tron.
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Posts
9,458
Contributors
5,024
Interactions
5,231,889
Sentiment
74%
Volume rank
#1124
X
Posts
6,050
Interactions
1,578,574
Sentiment
88%
Tron FAQ
What is TRON?
Tron is a decentralized blockchain platform with smart-contract support, which allows it to host applications like decentralized apps (DApps), games, and DeFi protocols. The Tron network is governed collectively by its users through TronDAO.
What is the TRX price prediction?
While it’s challenging to predict the exact future price of TRX, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
What is the current TRX price today?
The current price of TRX today is constantly changing and can be checked in real-time on our platform. Visit our price page for the most up-to-date information.
How much is 1 Tron worth today?
Currently, one Tron is worth $0.27209. For answers and insight into Tron's price action, you're in the right place. Explore the latest Tron charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Tron, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tron have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
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