KuCoin is captivated to announce that today they have listed another promising token called TRX. It is the fundamental and trade 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 transactions can be executed utilizing KuCoin’s App and direct to their official website at www.kucoin.com.
Introduction to TRON (TRX)
The TRON (TRX) is developed 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 objective of the cryptocurrency project is to create a healthier entertainment ecosystem online.
The modern system is administered 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.
Tron Network’s Core Team
The TRON Block Explorer is established 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.
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