TRON

TRON, established in September 2017, launched its MainNet in May 2018 with the mission of accelerating the decentralization of the Internet through blockchain technology and decentralized applications (DApps). In July 2018, TRON acquired BitTorrent, integrating it into its ecosystem. By April 2021, TRON hosted the largest circulating supply of stablecoins globally, surpassing USDT on Ethereum. TRON achieved full decentralization in December 2021 and now functions as a community-governed DAO. The TRX token, TRON’s native cryptocurrency, was granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica as of October 7, 2022. TRON’s TRC20-based stablecoin USDT is popular due to its fast issuance and low handling fees. The platform’s first decentralized stablecoin lending platform is JustStable, while JustLend DAO serves as TRON’s first official lending platform with algorithmically determined interest rates. SunSwap is the first decentralized token exchange protocol on the TRON network, and WinkLink is an official oracle project that provides real-world data to on-chain smart contracts. The SUN token is a social experiment aimed at developing TRON’s DeFi ecosystem, and the SUN Network offers unlimited scalability with low resource consumption and high security. TRON’s TRC20-based USDC, launched in June 2021, has seen significant growth and adoption. Backed by cash and equivalents and short-duration U.S. Treasuries, it is always redeemable 1:1 for U.S. Dollars and governed by Centre, an independent consortium. Monthly attestation reports regarding reserve balances are published by Grant Thornton, a leading global accounting firm. TRON’s TRC20-based USDC enables users to transact, store, and exchange value across TRON-based protocols and DApps, with over $200 million in on-chain transactions within a few months of its launch. The TRX token is widely used for payments, purchases, and voting within and outside the TRON ecosystem. It is supported by credit card Spend and TRON ATM machines for payments and online transfers. TRX can be used to purchase tokens issued on TRON and to obtain energy and bandwidth by freezing TRX. TRX holders can receive BTT airdrop rewards and participate in the Tronics Support Plan to receive TRX rewards. The TRX token is listed on over 130 exchanges globally and was migrated from ERC20-based TRX issued by Ethereum to TRON’s MainNet in June 2018, with 99.19% of the total supply of ERC20-based TRX burnt. As the basic unit of accounts on the TRON blockchain, TRX serves as a natural medium currency for all TRC-based tokens, connecting the entire TRON ecosystem and powering transactions and applications on the chain. TRX has abundant application scenarios within the TRON ecosystem and can be used to obtain voting rights for super representatives by freezing TRX. Additionally, TRX is supported by the world’s largest adult website, Pornhub, for payments.