Holiday Countdown Token Award #7 – TRX

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In October 2018, First Global Credit rebranded to Panxora. Any references to either company should be treated the same

The Panxora Holiday Countdown Award for December 22 is 40 Tron tokens

Summary: Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, that allows easy and cost-effective sharing of digital content.

Details:  Tron was one of the MEGA tokens of 2017 with a $70m subscription phase. Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun, and has an experienced in-house development team .

Eliminate the Middle Man

By using the features of the blockchain and peer-to-peer (P2P) network technology, Tron attempts to bridge the gap between content creators and content consumers by eliminating the middleman. The end result is overall cost reduction for the consumer and improved collection through direct receipts for the content producer.

To draw an analogy with a real-world application, consider Amazon or Netflix, which both operate digital entertainment services offering on-demand content. The services are controlled by a limited number of organizations – centralized. One has to subscribe and pay the monthly recurring fee to Netflix or Amazon to watch a particular on-demand movie that may have been producedby independents who rely on Netflix or Amazon to host and distribute their content. From the fee charged to the subscriber, Netflix and Amazon take a cut for hosting the movie and pays the remainder to producers. Often, the lion’s share is taken by the middleman.

Tron replicates this business model on a public blockchain network and acts as a distributed, decentralized storage facility that makes it more efficient and cost-effective. It aims to eliminate the middleman, by allowing anyone and everyone to host digital entertainment content on its blockchain-based network. The global audience can directly pay the content creators to access content.

In the process, Tron’s open, decentralized platform and distributed storage technology also attempts to address a major issue – the challenge of a very few, and powerful, corporations controlling the Internet and its content – their goal – to create a level playing field.

In June of 2018 TRON moved from ERC20 tokens to their own Blockchain with new tokens called Tronix but keeping the TRX symbol. The tokens you will receive in the Holiday Countdown are Tronix tokens on their native blockchain. Enjoy.

Financial

TRON was another large token sale from 2017 with a market cap topping $70m. There was a time at the beginning of 2018 where TRON had a market cap of over $16b dollars. As of the Holiday Calendar promotion it has a still respectable market cap of $1.45b. According to CoinMarketCap TRON has a 24 hour trading value of over $204m.

TRX can be used as collateral to back trading other instruments. (1:1) Fees.

Market cap at launch – $70m

Circulating Supply – 66,626,572,347 TRX

Total Supply – 99,225,672,078 TRX

Further information

Tron website

CoinMarketCap – TRON

Current TRON Whitepaper

This blog is not investment advice. It is provided for informational purposes only. It is not a solicitation or offer of investment advice of any kind.  Consult a professional investment advisor before making any investment decisions.
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