Join me in New York on the 24th http://nac3.io
Worlds 15th largest cryptocurrency trading at $0.04. Circulating supply of 65 billion.
Compare to other platforms Ethereum, Cardano, EOS, NEO, Lisk,
It aims to be a combination between ethereum & steem. Creators will be able to create content/apps/games and they will be able to stake coins like in Steem to gain more authority
ERC-20, After main net (31st march 2018) will be own Tron block chain
TRON is a decentralized open-source cryptocurrency that was founded by TRON Foundation. TRON is an application intended to allow content creators to be compensated for sharing their content. TRON incorporates a blockchain based peer-to-peer technology which basically means that like other cryptocurrencies, it is capable of eliminating the middleman. From another aspect, TRON’s technology is a distributed storage facility that allows its users to access entertainment content from every part around the world without seeking assistance from GooglePlay Store or Apple Store. As a result, the content producers are able to receive funds directly from the consumers quickly.
Main selling points
TRON Foundation is based in Singapore and follows the principles of Sir Tim Berners-Lee. Nice concept but this isn’t a system for enforcing copy right. People can still steal and copy content
Their CEO Justin Sun gets a lot of media coverage
From Justin via Twitter:
“Our original version of the whitepaper is in Chinese and we have a very detailed reference to the latest Chinese version. The English, Korea, Japanese and Spanish versions are translated by the volunteers. The translation missed numerous important details not just reference.”
-It’s chinese based so english investors won’t have access to the best information
-Unclear compensation model
-Massive circulating supply
Tron say that the coin has a circulation of 65 billion coins, too much for it to have any significant monetary value. By contrast, Ripple has a circulation of 38 billion and recently surged past the $3 dollar mark
Overall the Tron whitepaper technically is below average. It describes the problem, vision, and schedule well but with buzzwords and code copied from other projects. Nonetheless, it has succeeded to convince investors and gain worldwide attention which IMO relates to Justin’s connections and marketing ability