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What is Tronix?


Also with Tronix is an altcoin (alternative cryptocurrency). It is based on the ERC-20 token of Ethereum. The Tron Foundation is based in Singapore and was founded by Justin Sun: He is already known for several economic successes in Asia and has been mentioned in Forbes' 30 Under 30 list before. But what is Tronix and should you invest? All info about the altcoin from Singapore can be found here.

Our Tip: Anyone who is seriously considering getting into crypto trading should do some thorough research beforehand. Check out our Compare Online Bitcoin / Crypto Rates an.

Explanation Tron/Tronix: Tron is a protocol for decentralizing entertainment content on the Internet, Tronix (TRX) is its official currency.

What does Tron promise?

We live in a world where the Internet is controlled by a few big companies. As a content creator (filmmaker, copywriter or photographer) you are dependent on one of the big platforms (YouTube, Facebook, Twitter,...) and are at the mercy of their decisions without protection. For example, if YouTube decides that your video does not meet their guidelines, it will simply be deleted.

Tron wants to return the rights of disposal of the content back to the creators: With a decentralized protocol, which should freely allow all users to publish or store content. Through decentralization and the blockchain, it can also not disappear so quickly from the Internet, because (as with Bitcoin) many computers around the world store the content - and not a central server.

For more info on the Tron project, check out the video below.

Should I invest in Tron?

We are not financial experts/advisors and only give our opinion here. Only invest money where you can bear a total loss.

1 TRX is currently (as of early January 2018) worth about 10-15 cents. Thinking about the technology behind Tron, it is very likely that the price will rise - especially if more technology companies get on board. Also, there are more and more trading platforms that are taking notice and allowing TRX to be traded.

We believe that an investment in TRX is worthwhile as long as the coins are still so cheap. You can find more information about Tronix in the official Subreddit or in the Twitter feed of the founder of Tron: Justin Sun.

Where can I trade with TRX?

Since TRX is still a comparatively young currency, there are only quite a few trading platforms that support Tronix.

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