Buy Tron in Australia

Tron

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Overview

#16Popularity
Smart Contract PlatformAsset type
2017Active since
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What is Tron?

Want to buy Tron? Tron is a blockchain-based platform that originally aimed to revolutionise the entertainment and content-sharing industry. TRX (TRONIX) is the native token, or cryptocurrency of the TRON blockchain. It’s like the “money” within the TRON ecosystem.

People use TRX for transactions and various applications on the chain. Think of it as the fuel that powers TRON.

Tron and stablecoins

While Tron was started for a different use case, it has taken off on another plane of existence. Tron has quietly become the most heavily-used blockchain for stablecoin activity.

Tron now serves as a global network for settling offshore dollars. With over half of all USDT supply sitting on Tron and significant transactional activity, perhaps Tron is now THE global settlement network.

Recently, Tron’s transaction volume surpassed Ethereum, making it the chain with the greatest volume of stablecoin transfers. It now settles around $70 billion of weekly on-chain stablecoin volume.

This widespread distribution and usage of USDT on Tron indicate Tron’s significance in the crypto landscape.

What is Tron?

Founded by the ambitious and sometimes controversial entrepreneur Justin Sun, Tron aimed to create a decentralised ecosystem where creators, developers, and users can interact without intermediaries.

At the time of writing, TRX is the 11th most-popular crypto in the world by market capitalisation.

TRON is a blockchain platform, like Ethereum, that can run smart contracts. It can also be used for building dApps (decentralised apps, which are apps built on the blockchain rather than on the internet).

It works so much like the Ethereum network that it has become a competitor. In fact, TRX started as a token that was built on Ethereum. But then, it switched to its own blockchain.

Tron’s history

Tron was officially launched in 2017 through an Initial Coin Offering (ICO). TRX quickly gained attention due to its ambitious vision and aggressive marketing.

Tron’s original primary goal was to challenge existing centralised platforms like YouTube, Facebook, and Netflix by providing a transparent, censorship-resistant alternative.

Justin Sun: The controversial visionary

Justin Sun, the founder of Tron, has always been a polarising figure in the crypto world. Sun pushed Tron’s ICO just before the Chinese government banned ICOs entirely, demonstrating his willingness to take risks.

BitTorrent

In 2018, Sun acquired BitTorrent, a popular peer-to-peer file-sharing platform. He turned the acquisition into a self-promotion machine for himself.

However the purchase seems to make business sense: BitTorrent was once a hot project in Silicon Valley, known for allowing people to share files online. However, it lost its user base when legitimate platforms emerged, and it struggled to reach its full potential.

Sun saw an opportunity. He acquired BitTorrent for approximately US$140 million. Sun wanted to enhance TRON’s capabilities. By integrating BitTorrent, TRON could expand its reach and utility.

BitTorrent’s peer-to-peer file-sharing technology aligned with TRON’s vision of decentralisation.

TRON had substantial funds which could be used to save BitTorrent from its struggles.

Sun’s move has allowed TRON to explore innovative ways to connect with other networks, including the Bitcoin network.

SEC skirmishes

Sun along with Tron has had skirmishes with US’s Securities and Exchange Commission. However, that isn’t unusual within the crypto industry in the U.S.

Publicity stunts

Sun has made some rather “extra” publicity stunts, including paying a stupendous amount of money for a building-sized photo of his face. The ad had a very small connection to the Tron network.

In another promo, Tron users get a chance to win a trip to space. Like, legitimately, he bought tickets on Jeff Bezos’ spaceship.

His Excellency

Sun has been known to use the title “His Excellency”. Here there is an interesting backstory.

In December 2021, the Granada Government appointed Justin Sun as its ambassador and permanent trade representative to the World Trade Organisation (WTO).

Unfortunately, the political landscape changed soon after, and the political party that appointed him lost the general election. All ambassadors were recalled, including Sun.

Despite this, he continued to assert his diplomatic status. He still uses “His Excellency” on his social media handles. While some continue to address him as “His Excellency,” others recognise that his diplomatic status was short-lived.

Regardless, the Tron Community still refer to him as an “ambassador for the blockchain”.

Tron’s use cases

While Tron started out with a plan to decentralise content sharing, allowing creators to directly connect with their audiences, it has morphed into other uses.

Tron hosts a growing ecosystem of DApps, including gaming, social media, and decentralised finance (DeFi) applications. These DApps use TRX for transactions and smart contracts.

Tron’s blockchain has impressive scalability, handling thousands of transactions per second. This makes it suitable for applications requiring rapid processing, such as gaming and streaming platforms.

These days, Tron’s largest use case is to settle stablecoins, especially USDT, quickly and cheaply. This is especially popular with citizens of countries with lower socio-economic status.

Why Tron could be a good investment

Growing ecosystem

Tron’s ecosystem continues to expand, attracting developers and users. As more DApps and projects build on Tron, demand for TRX may increase.

Partnerships

Tron has formed strategic partnerships with companies like Samsung, BitGo, and HTX, enhancing its credibility and adoption.

Market potential

If Tron successfully disrupts centralised platforms, its value could skyrocket. As the entertainment industry embraces blockchain, Tron’s relevance will grow. This however, is not a given. Nobody has a crystal ball to see into the future.

Content creators

Tron say they empower content creators by providing a decentralised platform where they can share their work directly with their audience. Users can forget intermediaries and say hola to creative freedom.

Peer-to-peer payments

Need to settle a debt with a friend? Tron’s peer-to-peer payment system allows you to send TRX instantly, bypassing traditional banking channels. No more waiting for days. Tron also offers a Tron wallet but most wallets will hold TRX.

Buying TRX: Safe and convenient

Whether you want to use a credit or debit card to buy TRX instantly, or other payment methods, platforms like CoinJar allow you to purchase TRX. It’s quick, secure, and hassle-free.

CoinJar also has Google Pay integration. You can buy TRX with a simple tap on your phone.

How to buy Tron

To buy Tron (TRX) using CoinJar, follow these steps.

Download the CoinJar App on iOS or Android.

Create an account. Sign up and verify your ID. It only takes a couple of minutes.

Then you can buy Tron, Bitcoin, ethereum and 50 other cryptocurrencies. CoinJar offers various payment methods, including Visa, Mastercard, bank transfer, PayID, and Osko.

Additionally, you can convert crypto-to-crypto with a single click.

Bank transfers may take a day or two, whereas credit or debit card purchases are instant. Here is the fee structure.

CoinJar is Australia’s longest-running crypto exchange, trusted by many users.

Conclusion: Tron’s investment potential

Tron’s blockchain supports smart contracts, allowing developers to create decentralised applications (DApps). These contracts execute automatically, ensuring transparency and security. This could be the future of how we use money and “the internet” in the future.

You may wonder if it is safe to buy Tron. Despite controversies surrounding Justin Sun and the Tron Foundation, TRX remains a popular investment choice. But of course, conduct thorough research, assess risks, and make informed decisions. You could even get professional advice.

While no investment is risk-free, Tron’s growing ecosystem, partnerships, and disruptive vision make it an intriguing choice. Keep an eye on developments, stay informed, and consider adding TRX to your portfolio.

In summary, Tron and TRX combine innovation, accessibility, and creativity, making it more than just a native token. Whether you’re a content creator, investor, or tech enthusiast, getting up in Tron’s grill is an interesting way to explore a decentralised future.

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Cash, credit or crypto?

Buy Tron instantly using Visa or Mastercard. Get cash in your account fast with bank transfer, PayID or Osko. Convert crypto-to-crypto with a single click.

How to buy Tron with CoinJar

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Frequently asked questions

Can I buy TRX instantly on CoinJar?

Yes, you can buy TRON instantly on CoinJar using fiat currency or other cryptocurrencies such as Bitcoin, Ethereum, and XRP.

Is CoinJar user-friendly?

Absolutely! CoinJar is a user-friendly platform that offers peace of mind to its users by providing secure and reliable services, such as two-factor authentication, cold storage, and insurance coverage.

Can I sell TRX on CoinJar?

Certainly! You can sell TRON on Coinjar and receive fiat currency or other cryptocurrencies in exchange.

Is buying crypto on Coinjar easy?

Yes, buying crypto on CoinJar is easy and fast, thanks to its intuitive interface and streamlined process.

What if I have any questions or issues regarding buying or selling TRX on Coinjar?

If you have any questions or issues, you can check out CoinJar’s FAQ section or contact its customer support team for assistance.

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