What Is TRON (TRX)?
TRON is a public open-source decentralized network created by Justin Sun, an out-spoken Chinese serial entrepreneur, in 2014, and has been managed by the TRON Foundation since 2017. TRON was originally created on the Ethereum network and had the native token, TRX, follow the ERC-20 standard. In 2018, TRON released their own blockchain and began the era of being an independent peer-to-peer network.
Since then, TRON has made a name for itself in the blockchain industry being one of the most robust networks with a host of diverse decentralized solutions, including cryptocurrencies, stablecoins, DAOs, lending and borrowing protocols, crypto wallets, NFT marketplaces, etc.
How TRON (TRX) Works
Since TRON was originally a fork of Ethereum, it is EVM-compatible. Yet, instead of following Ethereum's PoW, the network implements a customized consensus mechanism called TRON's Delegated Proof of Stake (TPoS). In TPoS, TRON users can stake TRX to vote for Super Representatives (SRs) every six hour. There are a total of 27 SRs responsible for recording and validating transactions on TRON. SRs receive TRX tokens as rewards for their services.
How Many Tron (TRX) Tokens Are In Circulation?
The total circulation of TRX is approximately 100 billion tokens, and the circulation at the time of writing is about 92.35 billion. TRX is frequently burned so that the amount in circulation is controlled and investors' benefits are ensured.
In 2017, after a highly successful ICO, a total of 15.75 billion TRX were allocated to private investors, with an additional 40 billion reserved for investors participating in the ICO. The TRON Foundation got 34 billion, and a company owned by Justin Sun got 10 billion. This means that 45% of TRX goes to the founders and the project itself, and the other 55% is allocated to investors.
How to Buy TRON (TRX)
Consider investing in TRON (TRX)? It only takes 2 minutes to create an account on Bitget and start trading TRON.
Check out the available TR X trading pairs on Bitget!
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Simple 3-step guide to buying TRX today in Canada
Create your free Bitget account
Select a funding method
Complete your Tron purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Tron using a payment method of your choice:
Buy Tron with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Tron order.
How to buy crypto with credit/debit cardBuy Tron with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Tron is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Tron order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Tron order.Buy Tron with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Tron order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Tron in your Bitget spot wallet
Bitget—where the world trades Tron
How to buy Tron for free
- Learn how to earn Tron for free through the Learn2Earn promotion
- Earn free Tron by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Tron airdrops by joining On-going challenges and promotions
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