Buy Tron (TRX) in UK With GBP | CoinJar

Why investors buy Tron: Tron is a blockchain-based platform that aims to revolutionise the entertainment and content-sharing industry. TRX (TRONIX) is the native token, or of the TRON blockchain. It’s like the “money” within the . People use TRX for transactions and various applications on the chain. Think of it as the fuel that powers TRON.

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

At the time of writing (08 April 2024), Tron is the in the world by market capitalisation.

What is Tron?

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 to its own blockchain.

Tron and stablecoins

While Tron was started for a different use case, it has taken off on another plane of existence. Tron has reportedly become the most for activity.

Tron now serves as a global network for settling offshore dollars. With over half of all 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 on Tron indicate Tron’s in the crypto landscape.

SEC skirmishes

Sun along with Tron has had 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 . 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 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 refers to him as an “ambassador for the blockchain”.