TRON (cryptocurrency)

TRON (cryptocurrency)

TRON is a blockchain-based protocol whose primary aim is to form a completely decentralized content entertainment ecosystem.

TRON is a blockchain-based protocol and operating system that was founded by Justin Sun in 2017 and is headquartered in San Francisco, California. The platform launched the TRON mainnet in June 2018 and is designed to allow users to create decentralized digital content applications. According to TRON's website the platforms can handle over 2,000 transactions per second.

TRX buy-back plan

On June 25, 2019 tron announced the company will be buying back their own TRX cryptocurrency in several batches with at least $20 million worth of TRX in each batch. The company also announced they will unlock their TRX holdings held by the TRON Foundation on January 1, 2020, and has no plans to use the unlocked TRX for anything specific (at the time of their announcement).

Investment funds

Blockchain Gaming Fund

On November 29, 2018 Tron announced their Blockchain Gaming Fund with $100 million in funding. The company claims the fund will be used to support blockchain game developers, and made the following public statement:

TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.

Funding

Initial coin offering (ICO)

From August 31, 2017 to September 2, 2017 TRON held their initial coin offering (ICO) selling approximately $70 million worth of TRX cryptocurrency.

Timeline

2017

TRON was founded.

People

Name
Role
LinkedIn

Justin Sun

Founder

Rachael Ma

Employee

Further reading

Title
Author
Link
Type
Date

TRON Foundation Announces $20 Million Buyback Plan

Ana Alexandre

Web

June 26, 2019

Tron Whitepaper (English)

Tron Team

Academic

What Is Tron? Introduction To TRX | Crypto Briefing

Brian Penny

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Omar Faridi
July 4, 2020
Crowdfund Insider
$12 billion in decentralized application transactions processed during Q2 2020, with Ethereum accounting for 82% of "created value": report.
Omar Faridi
June 3, 2020
Crowdfund Insider
Crypto Rating Council argues that XRP, Tron (TRX), and Polkadot's DOT token might potentially be classified as securities.
Theron Mohamed
September 20, 2019
Business Insider
Binance, Huobi Global, and other crypto players cheered EA's marketing stunt to promote Crypto, a new character in Apex Legends.
TRON
May 7, 2019
www.prnewswire.com:443
SAN FRANCISCO, May 7, 2019 /PRNewswire/ -- Cred, the leading crypto borrowing and lending provider, today announced a partnership with TRON, one of the world's ...

References

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