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To help provide the content ourД®xperts and writers create to our readers for free, we receive compensation from the companies Projects such as BitTorrent and WINk have used the Tron platform to create their own tokens and raised funding through token sales.Д¬oinCodex keeps you updated with real-time information about the Tron price, Tron ICOs and decentralized applications that run on the Tron blockchain.The Traders Union editorial team is independent and unbiased. Some of TronвЂ™s biggest competitors when it comes to popular blockchain platforms for smart contracts and DApps are EOS and Ethereum. At any given time, the 27 SR candidates with the most votes are active and take part in the Tron blockchainвЂ™s consensus process. TRX holders use their tokens to vote for Super Representatives (SRs), which maintain the Tron blockchain. This design allows the Tron network to perform fast transactions with minimal fees. The Tron platform aims to provide the scalability required to support popular DApps by employing a delegated proof-of-stake (DPoS) architecture. BitTorrent launched BitTorrent Token (BTT), its own token on the Tron blockchain, in 2019. By leveraging the sizeable existing user base of BitTorrent Inc.вЂ™s products, the Tron team aims to boost the adoption of the Tron blockchain. Justin Sun acquired San Francisco-based tech company BitTorrent Inc. The TRX token started trading on cryptocurrency exchanges in September of 2017. The Tron project was founded by Chinese entrepreneur Justin Sun, and its development is headed by the Tron Foundation, which was established in 2017.

Users can create custom tokens using the TRC10 and TRC20 standards.

Fast transactions and low transaction fees.

Delegated proof-of-stake consensus model.

Similarly to the concept popularized by Ethereum, Tron can also be used to issue custom blockchain-based tokens. The Tron blockchain is designed to host smart contracts and decentralized applications (DApps). Prior to the mainnet launch, the platformвЂ™s native asset TRX existed as an ERC-20 token on the Ethereum blockchain. Tron is a blockchain platform that went live with its mainnet in June of 2018. In terms of market cap, TRON is currently ranked #4 in the Proof-of-Stake Coins sector and ranked #1 in the Tron Network sector. The current yearly supply inflation rate is 38.72% meaning 25.82B TRX were created in the last year. TRON's current circulating supply is 92.49B TRX out of max supply of 99.28B TRX.

The TRON price prediction sentiment is currently neutral. The highest TRX price since the last cycle low was $вЂЇ0.179725 (cycle high). The lowest price since it's ATH was $вЂЇ0.007350 (cycle low). TRON reached its highest price on when it was trading at its all-time high of $вЂЇ0.302062. The TRX price increased 3.24% in the last 24 hours. TRON price today is $вЂЇ0.068302 with a 24-hour trading volume of $вЂЇ929.87M, market cap of $вЂЇ6.32B, and market dominance of 0.67%.

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