Tron
TRX is the utility token of the TRON blockchain, designed to support decentralized applications, content sharing, and fast, low-cost transactions.
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- Tron
- Asset Type: trx
TRX is a large-cap asset that represents the blockchain's native currency or monetary fee used to execute transactions on the network.
Tron has no dependencies.
TRX has an uncapped supply but has inflation control or burn mechanisms in place. TRX is potentially exposed to negative feedback loops; however, there are mechanisms in place to prevent reflexivity. TRX is the native token of Tron, powering transactions and decentralized applications.
What is TRX?
TRX is the native cryptocurrency of the TRON blockchain, a platform launched in 2017 by Justin Sun. TRON aims to decentralize the internet by allowing creators to distribute content directly to consumers without intermediaries. TRX plays a central role in the TRON ecosystem, powering transactions, enabling staking, and serving as a medium of exchange for decentralized applications (dApps) and other blockchain activities.
How does TRX work?
TRX operates on the TRON blockchain, which uses a Delegated Proof-of-Stake (DPoS) consensus mechanism to achieve high transaction throughput at minimal costs. This mechanism involves 27 elected super representatives who validate transactions and maintain the network. TRX is used for transaction fees, staking, and participating in governance, allowing holders to vote for super representatives. The TRON ecosystem supports a wide range of dApps, from DeFi to entertainment platforms, and facilitates seamless cross-border transfers.
How many TRX tokens are in circulation?
The total supply of TRX is approximately 100 billion tokens, with around 89 billion currently in circulation. TRON’s inflation rate is low, as new tokens are primarily distributed as rewards for validators and ecosystem incentives. While the large supply raises questions about scarcity, TRON’s low fees and high-speed capabilities continue to drive utility and adoption of TRX.
