Please wait we are preparing awesome things to preview...

TRON (TRX)

Rank: 11

0

TRX Price

398801687

24H Volume

5,23 %

24H Volume Change

14591052394

Market Cap

0

Econexus Value

0

Econexus Value

Description

TRON is a blockchain platform designed for building decentralized applications (dApps) and digital content sharing, aiming to create a truly decentralized internet. It boasts high throughput, handling thousands of transactions per second with minimal fees, making it attractive for applications requiring fast and inexpensive interactions. This performance stems from its Delegated Proof-of-Stake (DPoS) consensus mechanism, where 27 elected "Super Representatives" validate transactions.

TRON's strengths lie in its speed and affordability, benefiting dApp developers and users alike. Its ecosystem includes a native cryptocurrency, TRX, used for transactions and interacting with the platform. Further, TRON supports smart contracts, enabling the creation of complex decentralized applications.

However, TRON also faces criticism. The limited number of Super Representatives raises concerns about centralization, potentially impacting network security and governance. While DPoS offers speed, some argue it sacrifices decentralization compared to Proof-of-Work systems. Additionally, past controversies surrounding plagiarism in its early whitepaper have impacted public perception.

Despite these challenges, TRON remains a significant player in the blockchain landscape, particularly for applications prioritizing speed and low transaction costs. Its evolving ecosystem, including DeFi projects and stablecoins, continues to attract developers and users seeking alternatives to more established blockchains. However, potential investors and developers should carefully consider both the advantages and disadvantages before engaging with the platform.

Vesting

Total Distribution Progress
Unlocked 84.2% Untracked 10.3%
SOL 499.99M - $98.51B SOL 57.23M - $11.28B
Allocation
Total Supply: SOL 594.08M
Name Total Unlocked Locked
Community 34.9% 32.7% -
Seed 14.3% 13.5% -
Team 11.5% 10.8% -
Founding Round 11.3% 10.6% -
Inflation 10.3% - -
Foundation 10.1% 9.43% -
Vesting Schedule
Round TGE Unlock Schedule Amount Status
Community 0% Linear Unlock, 9 months SOL 194.45M (34.9%) Completed
Seed 0% Cliff 9 months, then Batch 1 SOL 79.92M (14.3%) Completed
Team 0% Linear Unlock, 2 years SOL 63.95M (11.5%) In Progress

Team

Justin Sun

Founder