Tron (TRX) – According to their latest announcement, Coinswitch, is now supporting Tron (TRX) on its platform for purchase.
Coinswitch is a platform created to trade cryptocurrencies across all exchanges at the best prices with support for more than 300 currencies and 45,000 pairs. Currently, it is one of the highest in the world.
This is another huge step in tron’s (TRX) history and a great announcement for its community while they wait for the main net launch.
Tron’s (TRX) Main Net countdown
It is very unlikely that in the crypto-world the main net launch goes unnoticed, which is scheduled to happen on May 31st with all the hype and publicity being created by Justin Sun and his team.
The main net launch will eliminate the ERC20 network reliability. This had raised serious questions about why Justin tried to drag Ethereum down stating “serious challenge” in his earlier tweet, resulting in the massive Twitter Brawl between Sun and Vitalik Buterin, Ethereum’s Co-Founder.
What is TRON (TRX)
Tron (TRX) is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. The Tron Protocol, one of the largest blockchain based operating systems in the world, offers scalable, high-availability and high-throughput support that underlies all the decentralized applications in the tron (TRX) ecosystem.
Tron (TRX) Protocol and the TVM allow anyone to develop DAPPs for themselves or their communities, with smart contracts making decentralized crowdfunding and token issuance easier than ever. Tron DAPP projects already include Peiwo, Obike, Uplive, game.com, Kitty live and Mico, with 100M+ active users from more than 100 countries and regions around the world.
As stated in its whitepaper, Tron’s goal is to create a worldwide free content entertainment ecosystem. They plan to accomplish this by cutting out the giant corporate “middle men” and putting all the profit earning potential back into the content creator’s hands.
The team behind the coin
Tron’s (TRX) team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups. Hence, tron (TRX) has established the Singapore-based Tron Foundation, a nonprofit organization that mainly engages in operating the tron (TRX) network in the principles of openness, fairness and transparency and supporting tron (TRX) development team.
The Tron Foundation is set up with the approval of the Accounting and Corporate Regulatory Authority (ACRA) and under supervision and regulation of the Company Law of Singapore. It is run by the Board of Trustees or the Board of Governors formed by eligible trustees for independent management and operation, which is also independent from the government’s administration.
Justin Sun, Tron’s CEO
The former University of Pennsylvania student is one of the most vocal crypto-founders on the platform, from hosting a one-hour livestream about the coin to announcing partnerships to announcements of a new San Francisco office to promoting a vote for the coin to be accepted by new digital exchanges. He has even engaged in a back-and-forth with the famous founder of Litecoin, one of the top four cryptocurrencies, Charlie Lee, on Twitter.
Tron’s (TRX) price has been correcting higher over the weekend trading sessions and has even broken above $0.0400 level. TRX/USD is up more than 5% in the last 24 hours on Monday. There were upside gains from $0.0389 as the Bulls battled to regain control of the market. The cryptocurrency encountered rising selling pressure at $0.0410, however, the price broke above and even traded above $0.044, but the upside was capped below $0.0450.