There's no question that there's some “shill fatigue” in the cryptocurrency ecosystem. It makes it so investors grow weary of looking into new projects because it feels like we've heard promises of “saving the world” from earlier teams a dozen times before. To that end, Tron (TRX) is a new project that's promising to “heal the internet.”
Now, such a promise might already have you groaning and rolling your eyes if you haven't read into Tron much.
But, with a little digging, Tron is clearly not all smoke. There's some real fire to this buzz, and it's worth looking into. So let's dig in, shall we?
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Cutting out the middlemen for content providers
Simply put, Tron is striving to be a decentralized entertainment content sharing platform.
The idea is that content creators in a wide variety of mediums will be able to provide their content without having to go through traditional middlemen like YouTube and Amazon.
Such a dynamic will allow content creators to bring their creations straight to their fans, obtaining funding that way rather than having third-party platforms taking a cut every step of the way.
Eventually, Tron even wants to make it so that individuals can run personal ICOs for their content projects. The tokenization of the world is truly only just beginning if Tron and platforms like it can really take off.
Tron creator is reputable
Justin Sun is the mind behind TRX, and in spite of his youth, he's already become nothing less than a trailblazer.
And big outlets have taken notice. That's why Sun has deservedly found himself on Forbes Asia's prestigious 30 Under 30 list. So, while his place at the helm of Tron isn't the end all be all for the project's prospects, it certainly doesn't hurt.
Justin Sun an exciting leader? – Image via Forbes
Tim Draper likes Tron … bullish?
One seemingly promising sign for the Tron project is that venture capitalist investor Tim Draper invested in the Tron Labs development team a few months ago. TRX creator Justin Sun has also been buddying up to Draper in recent weeks, too.
https://twitter.com/justinsuntron/status/909937670335348736
You may recognize Draper as the buyer of the thousands of bitcoins the United States' Federal Bureau of Investigation auctioned off after having confiscated them during the infamous Silk Road darknet bust.
You may also recognize Draper as an early investor in companies like:
- Baidu
- Hotmail
- Skype
- Tesla
The point? Draper has a keen eye for identifying explosively successful projects early on. The mere fact that he's now invested in Tron Labs should have potential investors looking closer.
Where to Buy & Store TRX
If you are convinced that you would like to HODL some Tron then you will need to find the best exchange to buy them. Tron is listed on a number of different exchanges including Binance, UpBit and Bittrex.
Once you have your TRX, you will want to move them off of the exchange. Given the inherent risk of leaving coins on an exchange, it is much more prudent to leave them on a wallet. We have taken a look at some of the best Tron wallets to safely store your TRX.
Specs
Altogether, Tron is non-mineable and will have 100,000,000,000 TRX as its completed total supply.
Pretty high, but the new cryptocurrency's recent market performance making a major surge regardless.
Ever since the first stage of the project went live just weeks ago, TRX has seen an over 2,000 percent increase in value. And it's likely the crypto will keep going up in the mid-term, so it's certainly a project to consider looking into.
TRX could have a big year in 2018, barring an extended bear market slump in the crypto ecosystem.
Featured Image via Youtube.com
