Buy Tron (TRX) with CoinJar

Want to buy Tron? Tron is a blockchain-based platform that originally aimed to revolutionize 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 decentralized 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 capitalization.

TRON is a blockchain platform, like Ethereum, that can run smart contracts. It can also be used for building dApps (decentralized 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 centralized 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 polarizing 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 decentralization.

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. Sun legit 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 decentralize 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 decentralized 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 centralized 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 decentralized 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

Platforms like CoinJar allow you to buy TRX quickly and securely using your bank account. Once your account is verified, you can purchase TRX instantly via ACH or deposit funds through wire transfer.

Conclusion: Tron’s investment potential

Tron’s blockchain supports smart contracts, allowing developers to create decentralized 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 decentralized future.