TRON (TRX) Price Live Statistics
TRON price today is $0.07161420 USD, which is up by 3.55% over the last 24 hours.
There has been an hourly dip by -1.16%.
TRON’s market cap currently sits at $5,131,850,000.00 USD, holding up for a market cap rank at #25.
There is an downfall in the weekly values by -2.28%
Yesterday’s opening price reports to be $0.07177723 USD while closing rates were $0.06891662 USD
The high/low price for yesterday was $0.07274795 USD / $0.06853336 USD and the volume were at $1,076,935,627.40 USD
The high and low price for 7 days is $0.07331858 USD / $0.06581766 USD ,
for 30 days is $0.11789485 USD / $0.05572587 USD and
for 90 days is $0.17993382 USD / $0.01496281 USD
TRON ranks no 25 in the market capitalization of TRON is at $5,131,850,000.00 and its volume for 24 hours is $1,048,140,000.
71.66 B TRON are under circulation, with total supply of 100.85 B and the Maximum supply of -.
Who created TRON?
TRON was founded by Justin Sun(Sun Yuchen) and his team in 2017. He has achieved two times under-30 recipient award from Forbes Asia in 2017.
Sun developed an audio content application in 2015 named Peiwo. Sun is an investor and invested in many big groups which have related to the Automobile industry. The TRON network has come into the news in 2019. TRON has acquired BitTorrent for $120 million, and after that, the native token TRON came into focus at the end of 2017.
In 2018, TRON converted to its network now, but initially, TRON was created on Ethereum. Users trading in Ethereum for TRON tokens before.
There are three layers in the TRON network that supports the TRON architecture.
Core Layer: The instruction program is written in the programming language Java which is the same as Ethereum(ETH) and releases it to the TRON virtual machine to run the actual logic of the program.
Application Layer: developers can create a wallet and application which will be compatible with the software.
Storage Layer: this layer is designed for blockchain data.
How does TRON work?
The blockchain of TRON (TRX) is very secure and fast as compared to other blockchains. New block creation time 3 second. Miners get rewarded with 32 TRX tokens while they produce valid blocks.
On the TRON blockchain, users can operate three types of nodes named Full Nodes, Solidity Node, Witness Nodes.
- Fill nodes do broadcast transactions and blocks.
- Solidity provides APIs (Application Programming Interface)
- Witness nodes apply new changes to the protocol.
TRON users have a chance to choose a super representative of the network known as "Tron Power." If a user locks up their TRX token in the account, which means users can prevent TRX to be spent in crypto. Users can get a similar amount of TRON power. If a user can un-stake the token, they will lose the TRON power and also lose the power to vote super representative.
Why use TRON?
TRON is mandatory if you want to use an application on the TRON network. If you are planning to use TRON services and Tron-based games, you need to purchase TRX.
Having a TRON is an excellent chance to take part in the consensus system of TRON. You can stake TRON and earn more tokens in rewards. Staking can generate a passive income.
What makes TRON unique?
The cryptocurrency is powering the TRON blockchain named tronix. TRON has launched the ICO in the year 2017. One hundred billion tax was offered in this ICO. At that time, 40 billion tokens were in circulation for public use only. Fifteen billion TEX were for private sale. Thirty-five billion tokens are reserved for the TRON Foundation and 10 billion TRX for the project's initial support.
Here, while users need to pay a transaction, TRON uses the "bandwidth points." When a user makes any transaction with one bandwidth, that one bandwidth will be dedicated for each and every byte of data. Every day, each account received 5000 free bandwidth points. If users don't have enough bandwidth to execute transactions, then 0.1 tax will be burned per byte of data. There are also penalties that reduce the TRX supply.
What is TRON crypto used for?
TRX is a crypto token that is based on a TRON blockchain. The TRX is used to power up the programs to run that program on the TRON network. One of the most important because this type of tech is to reward users directly for better content creation. Users can book their profit and loss by trading or buying in TRX.
How many TRON coins are in circulation today?
TRON comes under the top #25 valuable cryptocurrencies globally, with a substantial circulating supply of the 66.14(66,140,232,427.00) billion TRX. Its maximum supply is 99.28(99,281,283,754.00) billion TRX.The current market cap of TRON is 7.78 billion with $852.75 million 24hrs trading volume.
How to buy TRON?
TRX has gained valuable recognition today and has become the most valuable cryptocurrency in the crypto world. The TRON is now available on every exchange, but buying from profitable and top businesses makes our investment secure. We are listing down some top exchanges suggestions where you can buy TRX and store it in the exchange wallet.