KuCoin’s innovative development aims to accumulate the most unique blockchain based projects. Today, they have listed another decentralized network that would positively interest investors and associates. The newly added token is the inherent and transaction currency of Tron Network, a blockchain-based platform establishing a truly decentralized Internet.
Deposits are now open with trading pairs including TRX/BTC and TRX/ETC. Buying begins at 19:30 UTC+8 and Selling/Withdrawal at 20:00 UTC+8.
All trading activities can be performed using KuCoin’s App or to their website at www.kucoin.com.
Introduction to Tron (TRX)
Tron is recognized as a blockchain-based decentralized platform that strives to produce a free, global digital content entertainment network with distributed storage technology while enabling easy and cost-effective distribution of digital content.
Tron was organized in September 2017 by a Singapore based non-profit organization the Tron Foundation. It is led by CEO Justin Sun and has a devoted in-house development team that comprises renowned technology stalwarts.
How Tron Works
By employing the features of the blockchain and peer-to-peer (P2P) network technology, Tron strives to bridge the gap between content producers and content users by excluding the middleman. The result is an overall price decrease for the consumer and improved collection through direct receipts for the content producer, which supplies a win-win situation.
What Is Tronix (TRX)?
The Tron network utilizes its own cryptocurrency named Tronix (TRX). One can find Tronix on exchanges like Liqui, Binance, and now on KuCoin by exchanging them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies is not plausible at present. It can be stored on wallets that sustain the Ethereum blockchain like MyEtherWallet.
Tronix can be employed by content consumers to spend for the content they want to access. These tokens would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be utilized to pay for blockchain services.
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Images courtesy of KuCoin