Ethereum Virtual Machine (EVM)<\/strong><\/a>. Therefore, TRON's implementation of smart contracts is comparable to Ethereum's. However, TRON uses a bandwidth model, whereas Ethereum uses the gas fee transaction mechanism. Thus, TRON’s transactions are more affordable than Ethereum’s transactions.<\/p>\r\n<p>When it comes to transactions, TRON uses a system similar to Bitcoin's <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-unspent-transaction-output-utxo/">Unspent Transaction Output (UTXO)<\/strong><\/a> mechanism to complete them. Essentially, the TRON crypto project employs the <strong>Delegated Proof-of-Stake (DPoS)<\/strong> consensus algorithm. It has 27 super representatives who are responsible for keeping track of the transaction history and validating transactions. Every six hours a new super representative is picked. In exchange for their services, they receive TRX coins produced by DPoS. Thus, TRON tokens cannot be mined. They can only be created as block rewards for super representatives.<\/p>\r\n<p>Besides, TRON has impressive transaction speed since it’s <strong>able to process up to 2,000 transactions per second<\/strong>.<\/p>\r\n<h2>What Is TRX?<\/h2>\r\n<p>TRX, also known as Tronix, is the native token of the TRON network. The tokens were initially created on the Ethereum blockchain using the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 standard. However, they were transferred to the TRON blockchain a year later.<\/p>\r\n<p><strong>The majority of dApps built on the TRON blockchain use TRX tokens. <\/strong>Users must have TRX tokens to gain access to content posted on dApps built on the TRON network. These TRX coins are then sent to the creators of that content. The creators can use the tokens to pay for blockchain services or trade them for other crypto assets.<\/p>\r\n<p>However, TRX tokens also have other use cases:<\/p>\r\n<ul>\r\n<li>TRX tokens are supported as a <strong>payment method<\/strong> when using a credit card called Spend;<\/li>\r\n<li>TRON ATM machine accepts <strong>online transfers<\/strong> in TRX tokens;<\/li>\r\n<li>Whenever TRON issues new tokens, TRX can be used to purchase them;<\/li>\r\n<li>By freezing TRX tokens, users can <strong>generate energy and bandwidth<\/strong>;<\/li>\r\n<li>By staking TRX tokens, users can obtain <strong>voting rights<\/strong>;<\/li>\r\n<li>By holding TRX tokens, users can occasionally receive <strong>BTT airdrop<\/strong> rewards.<\/li>\r\n<\/ul>\r\n<p>It’s advised to utilize specialized cryptocurrency wallets like <strong>TronWallet or TronLink<\/strong> to hold TRX tokens. The tokens can, however, also be kept in other well-known cryptocurrency wallets like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//ledger-nano-s/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Ledger<\/strong><\/a>, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//binance-wallet-review/">Binance Wallet, and others.<\/p>\r\n<p>Besides, make sure to take a look at the TRON price chart above since it displays the live TRX price.<\/p>\r\n<h2>Tokenomics of TRX<\/h2>\r\n<p>The TRX token doesn’t have a max supply. However, the total supply of TRX after its initial issuance was 100 billion tokens. During its token sale in 2017, a bit more than half of the supply was distributed between investors and ICO participants while the other half was dedicated to the TRON Foundation and the founder of TRON.<\/p>\r\n<p><strong>In 2019, around 98% of the 100 billion ERC-20-based TRX tokens that were in circulation were burned.<\/strong> Though the burn had no effect on new TRON tokens that were created on the TRON network. It solely applied to the ERC-20 tokens, which were considered to be ancient and obsolete.<\/p>\r\n<p>If you're interested in the current TRX price, once again, look at the TRON price chart above. There's a chance you've seen some volatility in the TRX price. On the other hand, it's just like it is with most other crypto assets that are traded today.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/tron-trx-price","crypto_currency_info":{"id":76,"crypto_currency_id":174,"description":"TRON (TRX) is a cryptocurrency . TRON has a current supply of 101,701,476,685.44183 with 101,701,451,024.37431 in circulation. The last known price of TRON is 0.06596794 USD and is up 1.26 over the last 24 hours. It is currently trading on 581 active market(s) with $916,889,137.88 traded over the last 24 hours. More information can be found at https:\/\/tron.network\/.","tags":"[\"media\",\"payments\",\"tron-ecosystem\",\"bnb-chain\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/1958.png","original_links":"{\"website\":[\"https:\\\/\\\/tron.network\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/justinsuntron\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/@Tronfoundation\"],\"chat\":[\"http:\\\/\\\/t.me\\\/tronnetworkEN\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/tronscan.org\\\/#\\\/\",\"https:\\\/\\\/www.trxplorer.io\\\/\",\"https:\\\/\\\/trx.tokenview.com\\\/en\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/Tronix\"],\"technical_doc\":[\"https:\\\/\\\/developers.tron.network\\\/docs\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/tronprotocol\\\/java-tron\"],\"announcement\":[]}","links":"{\"website\":{\"tron.network\":\"https:\\\/\\\/tron.network\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/trondao\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/@Tronfoundation\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/Tronix\",\"telegram.org\":\"http:\\\/\\\/t.me\\\/tronnetworkEN\"},\"explorer\":{\"tronscan.org\":\"https:\\\/\\\/tronscan.org\\\/#\\\/\",\"trxplorer.io\":\"https:\\\/\\\/www.trxplorer.io\\\/\",\"trx.tokenview.com\":\"https:\\\/\\\/trx.tokenview.com\\\/en\"},\"technical_doc\":\"https:\\\/\\\/developers.tron.network\\\/docs\",\"source_code\":\"https:\\\/\\\/github.com\\\/tronprotocol\\\/java-tron\"}","data":"{\"id\":1958,\"name\":\"TRON\",\"symbol\":\"TRX\",\"category\":\"coin\",\"description\":\"TRON (TRX) is a cryptocurrency . TRON has a current supply of 101,701,476,685.44183 with 101,701,451,024.37431 in circulation. The last known price of TRON is 0.06596794 USD and is up 1.26 over the last 24 hours. It is currently trading on 581 active market(s) with $916,889,137.88 traded over the last 24 hours. More information can be found at https:\\\/\\\/tron.network\\\/.\",\"slug\":\"tron\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/1958.png\",\"subreddit\":\"Tronix\",\"notice\":\"\",\"tags\":[\"media\",\"payments\",\"tron-ecosystem\",\"bnb-chain\"],\"tag-names\":[\"Media\",\"Payments\",\"TRON Ecosystem\",\"BNB Chain\"],\"tag-groups\":[\"INDUSTRY\",\"INDUSTRY\",\"PLATFORM\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/tron.network\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/justinsuntron\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/@Tronfoundation\"],\"chat\":[\"http:\\\/\\\/t.me\\\/tronnetworkEN\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/tronscan.org\\\/#\\\/\",\"https:\\\/\\\/www.trxplorer.io\\\/\",\"https:\\\/\\\/trx.tokenview.com\\\/en\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/Tronix\"],\"technical_doc\":[\"https:\\\/\\\/developers.tron.network\\\/docs\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/tronprotocol\\\/java-tron\"],\"announcement\":[]},\"platform\":null,\"date_added\":\"2017-09-13T00:00:00.000Z\",\"twitter_username\":\"justinsuntron\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x85eac5ac2f758618dfa09bdbe0cf174e7d574d5b\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":71659659264,\"self_reported_tags\":null,\"self_reported_market_cap\":4720685052.017543}","launched_at":null,"created_at":"2022-03-25T14:20:17.000000Z","updated_at":"2023-05-18T14:34:11.000000Z"},"social_profile":{"id":170,"profilable_type":"CryptoCurrency","profilable_id":174,"twitter":"{\"name\":\"TRON DAO\",\"username\":\"@trondao\",\"follower_count\":1484355,\"following_count\":498,\"tweet_count\":14566,\"created_at\":\"2017-08-06 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"stars\":3530,\"watchers\":369,\"forks\":1438,\"language\":\"Java\",\"license\":\"GNU Lesser General Public License v3.0\",\"repo_name\":\"tronprotocol\\\/java-tron\",\"repo_link\":\"https:\\\/\\\/github.com\\\/tronprotocol\\\/java-tron\",\"public_repos\":68,\"bio\":null,\"type\":\"Organization\",\"username\":\"tronprotocol\",\"user_link\":\"https:\\\/\\\/github.com\\\/tronprotocol\",\"created_at\":\"2017-12-26 00:00:00\"}","telegram":"{\"title\":\"TRON OFFICIAL MAIN GROUP\",\"description\":\"TRON is dedicated to building the infrastructure for a truly decentralized Internet.\\nhttps:\\\/\\\/tron.network \\n\\nTRON Official Telegram: http:\\\/\\\/t.me\\\/tronnetworkEN\",\"chat_id\":\"@tronnetworkEN\",\"member_count\":52564}","domain":"{\"domain_rating\":78,\"ahrefs_top\":19644,\"traffic\":48757.57379209365,\"website\":\"https:\\\/\\\/tron.network\"}"},"buy_page":{"id":18,"crypto_currency_id":174,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/kucoin","slug":"tron-trx","created_at":"2020-12-29T08:37:49.000000Z","updated_at":"2024-01-02T08:55:06.000000Z","content":null,"middle_cta_text":"Once you decide to buy TRON, you have two different options - to purchase it using other cryptocurrencies or use your credit card\/fiat money. You should know that purchasing TRON with fiat comes with multiple benefits. First of all, you don\u2019t need to have any cryptocurrencies, all you need is a credit card and a platform that supports both TRON coins and fiat currencies. Furthermore, the process will take you only a few minutes. The verification is usually super fast and some platforms don\u2019t even require to create an account. Also, you can expect to receive instant confirmation and rapid payouts.","introduction":"The answer to why people buy TRX lies behind its technology. TRON aims to eliminate the middlemen between creators and consumers by using the features of the blockchain and peer-to-peer (P2P) network technology. What is more, since TRON has a huge community and manages to process transactions faster than Bitcoin, it might be a good long-term investment.","reasons":{"titles":["Fast and Secure Transactions","Invest in the Better Future","Fast & Secure Payments","Be in Control of Your Own Finances"],"texts":["One of the main reasons why people buy TRON with a credit or debit card is to ensure <strong>fast and secure transactions<\/strong>. I\u2019m not talking about buying crypto with fiat money but rather payments and transactions using TRX coin. Due to the TRON blockchain technology, money transfers are completely <em>anonymous, safe and super fast. <\/em> That's one of the reasons why TRON has such a huge community.","If you already bought TRON with a credit card, you might want to store it for a better future. Now, everyone knows that the crypto market is <strong>still very volatile<\/strong>, however, since more and more companies and businesses are adding cryptocurrencies as one of the payment methods for their goods and services, you might want to <strong>keep it a bit longer<\/strong> - <em>TRON prices could jump higher than we any of us could imagine. <\/em>","If you\u2019re looking for the fastest and easiest way to acquire TRON coins, you should definitely do that with a credit card. KuCoin is one of the recommended platforms that support both TRX and fiat currencies. Once it\u2019s done, you can start performing <strong>fast, secure and private transactions<\/strong> using this cryptocurrency!","After purchasing TRON with a credit card, you might decide to keep it as a <strong>long-term investment<\/strong>. In this case, you should make sure to keep it in a secure hardware wallet. This way you\u2019ll know that your assets are held in a private wallet instead of some kind of <em>third-party, centralized institution that you have no control over. <\/em>"]},"benefits":{"texts":["After purchasing TRON with a credit card one of the more-popular things you can do is <strong>start trading<\/strong>. This process is not that simple unless you choose a <strong><a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">top-notch, secure and reliable cryptocurrency exchange platform<\/a><\/strong> that has a clear interface. While there are multiple crypto exchanges, some of the most recommended ones include <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//coinbase/" target=\"_blank\" rel=\"nofollow noindex noopener\">Coinbase<\/a><\/strong>, <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\">Binance<\/a><\/strong> and <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//coinmama/" target=\"_blank\" rel=\"nofollow noindex noopener\">Coinmama<\/a><\/strong>. While these platforms don\u2019t support TRX yet, one of the better options is currently KuCoin.","Once you decide to buy TRX with a credit card, you should know that there are more options than to simply start trading it. One of them is to consider it as a <strong>long-term investment<\/strong> and store it. To do that, it\u2019s crucial to choose a <strong>reliable crypto wallet<\/strong>. There are a few options available: online, software, hardware and paper ones. While each of them comes with its pros and cons, <strong><a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">hardware wallets<\/a><\/strong> are considered to be the most secure and reliable ones.","Since cryptocurrencies are <strong>gaining huge popularity<\/strong>, a growing number of people tend to choose to buy TRON and other similar altcoins not only as an <strong>investment opportunity<\/strong> but also as an alternative payment method. Due to the same reason, an increasing number of retailers are adding cryptocurrencies as an alternative payment method. When paying for products and services with TRX, you can be completely sure that all the payments are <strong>private and anonymous<\/strong>.","Since you can buy TRON with a credit fast super fast and without much effort, the same rule applies when <strong>sending it<\/strong>. To do that, all you need is to have the <strong>wallet address<\/strong> of the recipient. Now, there\u2019s no difference where that person is located because all the payments that are made using TRX are highly secure, anonymous and fast. The recipient will receive TRX in seconds. What\u2019s amazing is that such transactions don\u2019t involve banks or other centralized institutions, and are highly secure.","Once TRON\u2019s price drops it\u2019s an amazing opportunity to get this cryptocurrency and <strong>gain profits instantly<\/strong>. You can choose to do that on <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//kucoin/" target=\"_blank\" rel=\"nofollow noindex noopener\">KuCoin<\/a><\/strong> or trade TRX for Bitcoin and choose any <strong><a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">other cryptocurrency exchange<\/a><\/strong>. It\u2019s best to find the one that\u2019s not only easy to use but also provides <strong>good security measurements<\/strong> and <strong>low trading fees<\/strong>. Even though knowing when to sell TRX requires crypto knowledge and involves a lot of speculation, this process might help you to achieve that.","If you want to <strong>become a part of the crypto community<\/strong> and dive deep into this world, then it won\u2019t be enough just to buy TRON with a credit card, there\u2019s so much more to found about this one and hundreds of other cryptocurrencies. Now, if you find all the information related to cryptocurrencies, wallets and exchanges fascinating, you can <strong>become a part of multiple crypto communities<\/strong> and join various forums. Also, if you\u2019re looking for crypto-related tutorials, you can <strong><a href=https://www.bitdegree.org/"//crypto//how-does-bitcoin-work/">find all the information here<\/a><\/strong>."]},"faq":{"answers":["<strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//tron/" target=\"_blank\" rel=\"nofollow noindex noopener\">TRON<\/a> is a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency-exchange/" target=\"_blank\" rel=\"noopener\">crypto platform<\/a><\/strong> that was created with a thought about <strong>content creators<\/strong>. It aims to <strong>eliminate the middlemen<\/strong> between the <em>creators and consumers<\/em>, and, therefore, avoids any third-party involvement.","<strong>TRON<\/strong> and other similar altcoins might be a really good <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency/" target=\"_blank\" rel=\"noopener\"><strong>long-term investment<\/strong><\/a>. That has to do with the fact that an increasing number of people are choosing crypto as an alternative payment method. What is more, altcoin markets tend to <strong>fluctuate quite heavily<\/strong> <strong>in prices<\/strong>, so you never know when the TRON prices will <em>go above the ceiling<\/em>. ","The recommended platform that supports both TRON and fiat currencies, and, therefore, will make the process of <strong>buying TRON with a credit card<\/strong> super easy for you is <strong>KuCoin<\/strong>. While this platform may not be the very best one, TRON is not yet supported by some of the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency-exchange/" target=\"_blank\" rel=\"noopener\"><strong>best exchanges<\/strong><\/a>, such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//coinbase/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Coinbase<\/strong><\/a> or <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>. ","When choosing <strong>the best wallet for TRON<\/strong>, you have to aware of <strong>all the options<\/strong>: <em>online, software, hardware and paper ones<\/em>. While each of them comes with different pros and cons, the most secure and reliable ones are <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//cold-wallet/" target=\"_blank\" rel=\"noopener\"><strong>hardware<\/strong><\/a> (<em>also known as “cold”<\/em>) wallets. If you're interested in specific options, I'd suggest going for <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//ledger-nano-x/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Ledger Nano X<\/strong><\/a> and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//trezor-model-t/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Trezor Model T<\/strong><\/a>. ","The most recommended platform for <strong>trading TRON is <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\">Binance<\/a><\/strong>. Even though you won’t be able to buy TRX with a credit card on Binance, you can transfer it to this trading platform once you already have it in your wallet. Binance is a very <strong>reliable<\/strong>, <strong>popular<\/strong> and <strong>highly secure<\/strong> <strong>cryptocurrency exchange platform<\/strong>. <br \/><br \/>","<strong>TRON<\/strong> was initially created as a <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency-exchange/" target=\"_blank\" rel=\"noopener\">crypto platform<\/a> for content creators<\/strong>. It aimed to eliminate the third parties and ensure that transactions between the creators and their audiences are completely <em>secure, private and anonymous. <\/em>"],"questions":["What is TRON?","Is TRON coin a good investment?","Where can I buy TRON with fiat money?","What is the best wallet for storing TRON?","What is the best cryptocurrency exchange for trading TRON?","What was TRON initially created for?"]},"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-tron-trx"},"halving_page":null}"
:fiat-currency="{"name":"US Dollar","logo":"crypto-prices\/fiat-logos\/USD.svg","currency_code":"USD","sign":"$","price":1}"
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