A lot of attention is getting paid to the Tron price recently. Tron has become one of the world’s largest blockchain-based protocols. The project’s main goal is to reshape the $1 trillion global content and entertainment industry and become the main currency for rapidly emerging digital and virtual worlds.
Although Tron supports various forms of crypto, the protocol’s main token is known as Tronix (TRX).
The creators of Tron envision a future where in-app or in-game currencies will become a perfect way to settle bills or pay for the content users consume online — articles, videos, infographics, and so on.
Tron strives to achieve different objectives compared to typical cryptocurrencies, and since its creation, the growth in the Tron price, or more specifically, the price of tronix has made the relatively young coin one of the most popular in the cryptocurrency market.
The Tron team
Tron was founded by the Tron Foundation, a Singapore-based non-profit organization, and was launched on August 28, 2017.
Justin Sun is the founder and CEO of Tron. Sun was named as one of the Forbes Asia 30 under 30 entrepreneurs in 2017, and was the only millennial student in the first batch of entrepreneurs at the Hupan University founded by Jack Ma.
Tron’s CTO, Lucien Chen, previously worked at Alibaba, dealing with first-tier internet companies, such as Netease, Qihoo 360 and Tencent.
The Tron team also managed to attract some of the top Chinese development talents, including Maorong Lin, Xiadong Xie (both hugely experienced in the entertainment industry and internet commerce) and Taihao Fu, a former IBM engineer.
Tron also enjoys unparalleled support from the Chinese business community, counting such names as Dai Wei (CEO of OFO bike), Hitters Xu (founder of Nebulas), Xue Manzi (well-known Chinese angel investor), Tang Binsen (founder of mobile game Clash of Kings) among its fans.
What’s different about the Tron project?
While Tron is driven by the same concepts of decentralization and distributed storage technology as the majority of other crypto players, it strives to tackle some of the bigger issues plaguing the massive global content and entertainment industry.
Tron’s platform is built to provide digital content creators with the opportunity to cut out the middlemen, such as Google, Facebook, Apple Store, etc., and allow creators to receive revenue directly from platform users and content consumers.
Besides cutting out the middlemen in terms of content monetization, the idea behind Tron is to also reduce a digital creator’s dependency on content distribution platforms like Facebook, for example. Instead, of being bound to specific platforms, content creators will be able to generate revenue depending on content consumption in general and not the likes and views on middleman sites.
Tron’s main value proposition
- Tron aims to allow content creators to earn digital assets every time they upload digital content.
- Tron focuses on people, not organizations. This means that any digital content creator can earn money from his or her content. The profits will be proportional to the value of the contribution. When the content creator is ready to publish a new piece of content ready they will be able to upload it directly to the Tron blockchain and receive direct compensation for every like, share, upvote or view.
- The Tron blockchain uses a transaction model called UTXO (like bitcoin), which provides both a higher degree of privacy and complete transparency of asset movements.
The Tron price hit an all-time high on $.23 on January 5, 2018.
The future of the Tron project
Given their recent partnerships with leading tech companies like Baidu, oBike, Game.com and many others, the Tron project demonstrates incredible potential. It is, of course, not without its own shortcomings — the whitepaper plagiarism scandal, for one — but Tron’s bold and world-changing vision is one of the key factors that sets this project apart from other cryptocurrencies.
Seeking long-term investors and driven by a solid mission to ‘heal the Internet’, the Tron’s team is very optimistic about the future. And that optimism is somehow radiating to the crypto investors and the overall Tron price movement too.