Innovation in Digital Global Entertainment – Tron Coin (TRX) Review
https://cryptocolumn.com/tron-coin-review/What is TRON?
TRON is a highly ambitious project. They are trying to bring the internet to a decentralized state. As you may or may not know, major corporations receive a majority of views on the internet and have huge control over what happens. This creates a state of censorship and loss of free thought to a degree. Tron is aiming at creating a web 4.0 that will give you ownership of your data and decentralize the internet. Tron will be run as a non-profit foundation. They want to start doing business differently, which is highly interesting. They want to focus the control on creation with people and move away from centralized data.
The TRON 20 token
This TRON coin will let you be an individual content owner. This will be the token that individuals send to each other to buy or sell their digital assets to others. This will create value in the TRON economy.
TRONIX Coin
The TRONIX coin is the basic unit of the blockchain. These TRON coins are going to be used to access and exit the network. These will be the tokens that will be on the actual coin exchanges. This will give you things like voting rights and higher status in the ecosystem.
6 Different Phases of TRON
Exodus – The first stage which is peer-to-peer storage and distribution. This is where users and creators can publicate and disseminate their data.
Odyssey – This stage is content empowerment. Different economic incentives will start to be introduced.
Apollo – Content producers will move forward and issue their own tokens. This again will be used to sell and buy digital entertainment on the network.
Star Trek (Monetizing) – Building of a decentralized gaming platform. Developers will be able to build games on the network.
Eternity (Conversion)– Developers will be able to achieve crowd funding for game development. Community investors can contribute to the game content creation.
TRON Pros
Very solid team with many developers, investors, and advisors (much like Cardano). Apart from their team, the CEO, Justin Sun, is the protegé of Jack Ma, the founder of the Alibaba group.This alone can be a very big thing considering they have the right players and the money.
Just partnered with Gifto. This is digital and virtual gifting on the blockchain, which is very hot right now. Also partnered with MLG Blockchain which is trying to introduce TRON to the west to get people familiar with it.
The CEO created a social app called Peiwo in China and has 10 million users currently. They are currently in the process of integrating TRON into the app. Let’s be real here, China is not going to be anti digital currency. They have been heavily involved as the rest of the world plays catch up.
Data creators, which are the users, will have the fundamental ownership of data. This was proposed by Dr. Tim Berners-Lee when the internet was born. This was the original intention for the creation of the internet.
The users on the TRON network will be entitled to proportional profits according to rules. A value network has the greatest advantage that may digitally capitalize anything in social and media networks. This means users will be paid to use this network.
Users will be paid based on the time they spend and data creation on this network. Basically, participants will earn more for their time invested on the network and content creation.
Tron wants to provide services to the public free of charge. TRON is operated by a non-profit organization and is designed to serve the masses who enjoy content entertainment throughout the world rather than for the purpose of gaining profits. All tron participants will benefit from its prosperity.
Contents should come from people rather than capitals. This system will then reward participants for their contributions. They want cultural and creative industries to pursuit the quality of art and contents rather than the capitalists.
Their network will also include decentralized infrastructures such as distributed exchange and autonomous gaming.
TRON Cons
Market supply of the TRON coin is 100 Billion. Some people do not like the fact that there is a lot of supply here.
Last step scheduled for release in April 2023 – September 2025. This isn’t a really a con, but some impatient people may deem so.
Where to buy TRONIX
If you choose to invest in TRON (TRX), you can find it on Binance. I recommend them because I personally use that exchange. If you need additional help with this, check out my guide on how to buy ALT coins,
Conclusion
TRON has amazing potential to be a major disruption in the asian market. They have been aggressively growing, recently hitting a 2 billion market cap, but this number doesn’t come close to what it can be worth in a few years. I honestly see this value hitting 10b minimum over the next year. TRON already has an established user base from the app Peiwo that they will be integrating in which is great. They have growth 600% in the past 2 weeks and backed by a professional team and big names and investors in the industry. TRON will definitely make an impact on the asian market very soon. Let’s just see if this project can expand globally.
