This article explains the characteristics of TRON/TRX virtual currency exchanges and its future prospects. I have put together an article for those who want to invest in Tron using a virtual currency whose price more than tripled in March 2021, but don’t know what kind of currency it is. We will explain its characteristics, past price movements, and future outlook.
What is Tron (TRX/Tron)? What kind of virtual currency?
The cryptocurrency TRON (symbol: TRX/Tron) is a virtual currency launched in August 2017 by the Tron Foundation, led by cryptocurrency-related businessman Justin Sun. It has already started being handled by virtual currency exchanges around the world. The number of people investing in the platform is increasing due to the high demand for the platform and the prospects for the future.
We will explain the features, reviews and reputation of the content. Market capitalization is ¥18.23 (2024). The official website looks like this: It may become a more attractive currency than iost, flr, bat, matic, sol, ada, bch, and bnb. Pay attention to the price prediction chart. Also check out airdrops.
| Symbol | TRX |
| Brith Date | 2017 |
| Developer | Tron foundation |
| Market capitalization | ¥18.23 (2024) |
| URL | Home |
| X、Twitter | Home |
Distribution distributed platform for digital content
Tron is a decentralized platform using blockchain. The advantageous features are the ability to distribute digital content on the platform and the low fees. Platforms distributed by creators, such as online games, games, YouTube videos, and music, are owned and operated centrally by a single company. The TRON project aims to build a “decentralized” platform without a central administrator.
Unique consensus algorithm
Tron has been implemented and adopted by our company as the consensus algorithm for blockchain, Tron Proof of Stake (TPoS). The consensus algorithm is an algorithm for forming a consensus required to store records such as transactions on the blockchain. Tron holders are assigned a certain number of voting rights, and the approver among customers is decided by voting. There are benefits to being approved by undergoing an examination. When you have time, check out the company’s recruitment information and tools.
Operated by DAO
Tron was originally run by Justin Sun’s Tron Foundation. However, as the Tron community has matured, the entire operation and management is now directly managed by the Tron DAO. This means that, in summary, no centralized organization is affiliated or placed, but rather it has become a decentralized platform. Please refer to this when you start selling. It may be more valuable than fiat currency, Bitcoin Cash, Shiba Inu, Litecoin, Cosmos, IEO, XYM, Link, ENJ, Mona, etc.
Transaction processing speed is fast
A feature of Tron is that it processes digital transactions a little faster. In recent years, the scalability issue of Ethereum, where various Dapps have been developed, has become a major issue and topic, and the associated increase in gas fees has become a problem. Tron has a faster processing speed than Ripple, Ethereum, and Bitcoin. Could it become a currency chosen for exchange over BTC, etc., depending on the company? It is worth paying attention to in Japan. Depending on the transaction content and remittance, attention should be paid to the details.
What will the future hold for the virtual currency TRON?
What will be the future of virtual currencies and price predictions? Let’s look at the price trends on the chart and see if there is any future prospects. Cryptocurrency is a trend that even major companies are expected to invest in since its inception in 2018. This trend is predicted to be relatively likely to continue from 2025 to 2027. If you invest 100 yen or 1000 yen, the price may rise in the future and you may be able to make money through airdrops. Check out the reviews and ratings as well.
Past chart trends
Below is the data from coinmarketcap’s monthly chart. Tron was launched in August 2017, and like other major stocks, its price skyrocketed during the Bitcoin bubble. From 2019 to 2020, it plummeted in a short period of time. In 2021, financial easing was implemented worldwide, and TRON continued to be listed. From this point on, the upward trend will continue from 2022 to 2023 onwards. TRON is rising without falling. We also hope to raise funds.
Source : https://coinmarketcap.com/
Support for decentralized applications (Dapps)
Tron provides a framework for creating and deploying Dapps. Dapps are decentralized applications that do not rely on centralized servers and are built on blockchain technology. Allows for direct interaction between users. This has made it possible to expect investment from investors. Developers can use TRON’s blockchain and smart contract features to create their own Dapps and provide various services and products to users.
Implementation of token burning
In order to increase the market value of TRX, it has been announced that approximately 269 million TRX tokens will be burned in May 2023. This will adjust the supply of virtual currency in circulation. This is expected to maintain the scarcity value of virtual currencies. As a policy, we now have a system that adjusts the number of issuances flowing through the market’s domestic and overseas spot trading networks. Since the upper limit on the number of transactions is set, staking costs are low and there is a possibility that you can earn a small amount of money.
SEC lawsuit against Justin Sun
TRON founder Justin Sun has been sued by the US Securities and Exchange Commission (SEC). Justin Sun is accused of trading TRON without registering it as a security, causing concern for holders. Depending on the outcome of the lawsuit, there may be concerns. The trends and evaluation of the association are important and are attracting a lot of attention. Currently, there have been an increasing number of cases in which the market price has plummeted even when newly acquired stocks are targeted for finance, so if this is your first time, be sure to assess the opportunity and move forward.
Listed on new virtual currency exchange
When we investigated the existence of TRON, we found that it is handled and listed in various places such as BitPoint, BitTrade, OK CoinJapan, DMM Bitcoin, Bybit, MEXC, etc., and its value is increasing. Purchases can be made at each of these exchanges. In the future, with the announcement of plans for listing on a new general exchange, the possibility that TRON will rise further increases. Depending on trends and movements, individual profits may be low. It will be interesting to see the exchange’s decision after that.
Recommended virtual currency exchanges where you can purchase TRX
Finally, I will introduce virtual currency exchanges where you can actually purchase this virtual currency. We have compiled the information for your reference. We have selected recommended exchanges that cover Bitcoin, altcoins (Ethereum (ETH), Tether, etc. (USDT), Ripple (XRP)), and where you can invest in a large number of coins. It is an exchange where you can trade using an app or a computer. Each has its advantages and disadvantages, but there is no risk and you can make a large profit by making payments. It is safe because a loss cut is adopted when the amount of loss exceeds a certain amount.
Bybit
Bybit is a cryptocurrency exchange established in Singapore. However, it later moved its base to Dubai and is a virtual currency exchange that is expanding globally. The leverage is quite high at 100 times, and the number of coins handled is over 300, so it is quite fulfilling. Overall, there are plenty of big campaigns and bonus services, which is a plus.
| Exchange | Bybit |
| Location | UAE |
| Coin | 300～ |
| Leverage | 100x |
| Commission | Maker：0.1% Taker：0.1% |
| URL | Home |
MEXC Global
MEXC Global is a virtual currency exchange established in Singapore, Asia. The main users are Japanese, but it is spread all over the world and millions of users transact every day. It handles over 1500 virtual currencies, and you can also speculate on unknown coins, so it is recommended. The maximum leverage is 200x. News also provides information on coins that are attracting attention.
| Exchange | MEXC Global |
| Location | Singapore |
| Coin | 1500～ |
| Leverage | 200x |
| Commission | Maker：0.010% Taker：0.050% |
| URL | Home |
Gate.io
Gate.io is a virtual currency exchange established in China and may have a suspicious image, but it is currently based in the Cayman Islands and is very safe. It handles the largest number of coins in the world, with over 1,700 issues, making it the most recommended exchange for those who want to speculate. We also communicate through the media when new listed coins are released.
| Exchange | Gate.io |
| Location | Cayman Island |
| Coin | 1700～ |
| Leverage | 125x |
| Commission | Maker：0.15~0.2％ Taker：0.15~0.2％ |
| URL | Home |
KuCoin
KuCoin is a virtual currency exchange established in Hong Kong, but has now moved to the Seychelles Islands. We have successfully expanded globally as a virtual currency exchange that is traded by 8 million people around the world. You can invest in over 700 virtual currencies. The operation is thorough in verifying the identity of the user, and funds can be deposited at a financial institution and international remittances can be made to the wallet.
| Exchange | KuCoin |
| Location | seychelles |
| Coin | 700～ |
| Leverage | 100x |
| Commission | Maker：0.1％ Taker：0.1％ |
| URL | Home |
BitGet
BitGet is a cryptocurrency exchange established in Singapore. Currently, there are millions of users around the world, and it is popular because it has very solid security. The latest copy trading has been introduced in the industry, and it is very famous and has a large number of registered and participating users. The amount of money will increase because you imitate the buying and selling details of experienced traders, both short-term and long-term. You can increase it starting from a small amount.
| Exchange | Bitget |
| Location | Singapore |
| Coin | 700～ |
| Leverage | 125x |
| Commission | Maker：0.1％ Taker：0.1％ |
| URL | Home |
Points to note when trading virtual currency
One thing to keep in mind when trading virtual currencies is that taxes are payable when profits are determined, not losses. Please be aware that if you make a similar profit on overseas virtual currency exchanges, you will be required to file a tax return in the future. Downloading transaction history is also popular and quite convenient, and the technology and functions have progressed considerably. If you are buying in cash, be sure to check as there is a possibility that the prices of the stocks you are holding have soared without you knowing. Please also check the terms of use online.
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