Tron is a renowned cryptocurrency with the initial coin offering. It was launched in September 2017, and according to Tron news, it has continued to increase in valuation by over 2000%. It has a market supply valued at $65 billion, and the supply is valued at $100 billion.
It is ranked 14th on the numerous cryptocurrency exchange platforms. Tron provides investment opportunities to potential investors who have millions of dollars. Love it or hate it, Tron has performed well to get to a market cap of $1.56 billion. It is ranked alongside other cryptocurrencies. With that being said, it’s difficult to deny Tron has grown to become a force to reckon with in the cryptocurrency niche despite being faced with issues of plagiarism.
Meanwhile, here are five reasons why you need to invest in Tron.
Thanks to the UTXO-based trading models, transactions that involve Tron will be fast. There will be over 500 transactions per second, and you will be charged nothing. With Ethereum, you will be charged $1, and Bitcoin will be $5.
Independent Blockchain Platform
After the successful launch of Tron, Tron became prepared to offer more services as an independent platform, and the Ethereum network will not limit it. Thanks to the numerous uses and benefits of the blockchain technology, Tron provides promising trends on the trading prices, with the industry reporting that the cryptocurrency can continue to increase in value.
It is one of the most relevant reasons to invest in Tron. Tron is attempting to decentralize the webspace, which is crucial because censorship is becoming the norm in today’s digital age. Before Tron was launched, online content creators had a couple of platforms to publish online content. The Big Tech will have to control online content, and content creators have no other alternatives. As a content creator, you need to share your content for you to get to your audience.
Still, when the companies have all the power, the internet will be centralized among a few companies with power on content published on the platform. If a company doesn’t like its content, it will censor or remove it from its platform. That’s why Tron is trying to make the internet decentralized. Moreover, the companies will take a significant portion of the revenue earned from the content published, leaving content creators with “peanuts.”
Tron is attempting to solve the problem by designing a decentralized online content sharing platform. You need to look at the platform as something like a decentralized YouTube, Facebook, Netflix, etc. So, users can use the platform to create content and share without worrying about censorship or not earning their fair share of the revenue. Moreover, they will be free, and they will be happy to share information.
Endorsed by Bixin
Launched in 2014, Bixin is one of the world’s major blockchain cryptocurrency wallets offering support to major cryptocurrencies such as Ethereum and Bitcoin. According to a recent statement, Bixin has provided support to Tron and token migration. Since it is safe and convenient, support from Bixin and other related exchange platforms will make Tron more valuable.
Another great benefit of using Tron is that the Tron network has acquired BitTorrent. The introduction of the token is fantastic news to Tron users. The Tron team managed to buy BitTorrent for $140 million and prepared to integrate it into its network. They will do so by introducing the BitTorrent through the Binance Launchpad program. Tron believes in data sharing, and buying BitTorrent (a P2P file-sharing platform) sends out a statement that Tron still wants to make decentralization a reality. Moreover, the acquisition brought onboard 100 million users who were subscribed to BitTorrent. The Tron team intends to utilize the advantage they have. With 100 million people on their platform, they will try and convert them to use cryptocurrency.
It is similar to some stocks provided on Wall Street. The initial coin offering of Tron and other common cryptocurrencies has made a considerable impact, and people are slowly adopting cryptocurrencies. Since Tron is growing in popularity, it is seen by several investors as a fantastic investment opportunity. It is rated as one of the top-performing cryptocurrencies. The right team is also supported and is expected to continue growing in the next few years. Make sure you do your research if you are not convinced to use Tron. If you want an internet that is not centralized, Tron is trying to change that.