TRON Overview

Founded: 2017

Key persons: Justin Sun

Capitalization: $8,128,109,849

Trading volume (24h): $2,902,099,553

CoinMarketCap rank: 27

Tron (TRX) facts

• Justin Sun — founder of TRON — is a staunch crypto-enthusiast who has repeatedly bought significant amounts of BTC during price drawdowns.
• TRON raised about $70 million during ICO in 2017.
• Justin Sun bought “BitTorrent” in 2018— torrent tracker had 170M user base at this time. Acquisition was set at $140M.
• Justin Sun has been keeping most of his crypto assets (about $4B) locked up in the AAVE protocol, having withdrawn them recently due to smart contract security concerns.
• TRON is traded as an exchange note on the German exchange - Xetra since September 2021. The listing and trading was a result of collaboration with VanEck.

Project objective: Creating a blockchain-based, decentralized network making any form of data exchange possible.

Current trends and future plans.

The project is being developed and supported by Tron Foundation, with offices in Singapore and the United States. Currently, the blockchain ecosystem also includes Dapps Chain (with higher speed of block generation and transaction processing) and BitTorrent Chain (used for interaction with applications from the Ethereum ecosystem), as well as about 1350 decentralized applications from various fields.

TRON blockchain delegated proof-of-stake mechanics (a special node is formed with participation and voting of token holders) made it possible to attract more users to the project. Currently, there are about 1332 active nodes, and the number of registered accounts has exceeded the 60M mark. Total volume of locked in blockchain applications has exceeded $6B.

At this point, TRON sees its application as an infrastructure provider for cross-border payments. Full integration of BitTorrent ecosystem, NFT market and Metaverse are on the top list of project development plan.