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Reasons to Buy Tron (TRX)

• It comes in the list of popular blockchains for building decentralized applications.
• It has its own virtual machine as – TVM (Tron Virtual Machine).
• It has a market capitalization of above $6 billion.
• It can process up to 2000 transactions per second
• It supports a variety of token standards such as – TRC-20, TRC-10, and TRC-721.

Tron was founded in 2017 and raised a massive $70 million in its ICO (Initial Coin Offering).

It started with an aim to decentralize the web, and the way content is shared on the internet, directly hitting on the centralized media sharing platforms. At present, most of the centralized platforms host media content on commission. Tron came into the picture to eliminate this business model and to provide a decentralized structure where everyone gets a fair share. As a matter of fact, Tron also allows developers to build decentralized apps with high functionality.

TRX is the cryptocurrency of the network that is mainly used as a gas token for transactions.

Things to consider before buying Tron (TRX)

• Its super representative mechanism allows for a higher throughput rate.
• It works on the Delegated Proof-of-Stake consensus algorithm.
• Tron has a maximum supply of 100 billion tokens, out of which almost 72 billion coins are in existence.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.