TRON (TRX) Cryptocurrency Has Ambitious Goals
TRON (TRX) is now the 8th largest cryptocurrency in terms of market capitalization (CoinMarketCap). Its current market cap is over $13.6 billion and it’s trading at nearly $0.20. The founder of the TRON blockchain platform, Justin Sun, has some very ambitious goals. One of the stated goals is to “heal the internet” worldwide. How, you ask? By creating a totally free of cost content entertainment system using blockchain technology. With this system, end users will be able to easily create and publish anything they want. They’ll also be able to store and own their creations. All this is accomplished using the company’s “Smart Contract Protocol”. Other uses include payment processing, credit sharing, and the ability to buy live entertainment through its network from anyone around the world.
How Did It All Begin?
How did TRON come into existence? Let’s first start with its founder, Justin Sun. Justin has a very impressive resume. He has been featured on Asia’s Forbes 30 under 30. He’s most known for creating the Peiwo App, which aims to become China’s version of SnapChat. Justin is also well-known for being the former Chief Representative of Ripple in China.
When TRON was introduced, by launching a couple of ICOs, Binance literally crashed due to the overwhelming response. In fact, the ICOs sold out within seconds. What has got people so interested, other than Justin’s impressive bio? It seems that a significant number of people realize the potential of tapping into the global trillion dollar digital entertainment economy. Furthermore, the company has been very active in forming strategic partnerships with reputable organizations around the world.
For example, TRON recently partnered with oBike. oBike is an innovative and tech-savvy company that offers bikesharing services to over 10 million people in more than 20 different companies. TRX is also being listed on more and more major crypto exchanges. South Korea’s Coinnest began listing TRX back in late November 2017. Mainly via his incredibly active and popular Twitter account, Justin Sun constantly tweets about upcoming updates and partnerships.
On January 2nd, 2018, Justin tweeted that his company could be partnering with companies listed on Nasdaq. After the popular CryptoKitties game was launched on the Ethereum platform, TRON is getting ready to launch TRX dogs. Hopefully, the company’s network will not get clogged up and slow down the way Ethereum’s network did when CryptoKitties was launched. TRX dogs could serve as a test for TRON’s platform. Perhaps this is one of the reasons why the company is launching it on its platform. If the response is positive, could it push the crypto-platform even further?
It’s All About The Technology
A cryptocurrency or crypto-platform can try to offer you the world, but it will fail miserably if the underlying technology behind it cannot manage to deliver what the company has promised. No matter how hard the sales and marketing team work, if the product cannot back up its claims, then it will surely disappoint. Since TRON has made its way into the crypto-world’s limelight, its critics and skeptics will be watching its performance even more closely.