Tron
About Tron
The price of Tron (TRX) is $0.14851166 today, as of Sep 16 08:15 p.m., with a 24-hour trading volume of $424.14M. Over the last 24 hours, the price has decreased by -0.40%. Tron currently has a circulating supply of 86.71B and a market cap of $12.88B.
Tronix, also known as TRX, is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries.
Tron is one of many cryptocurrency projects vying to decentralize the internet with blockchain technology. It is a platform built specifically for peer-to-peer file sharing with the goal of competing with centralized media tech giants such as YouTube.
- In 2017, Tron raised $60 million in an initial coin offering (ICO). Tokens were initially allocated as follows:
- 15.75 billion Tronix went to private sale investors.
- 40 billion Tronix went to ICO investors.
- The Tron Foundation, the nonprofit guiding Tron’s development, received over 34 billion Tronix.
- Tech entrepreneur Justin Sun’s company Peiwo Huanle Technology Co. in Beijing received 10 billion Tronix.
- When Tron’s mainnet launched, the Tron Foundation “burned” – or destroyed – 1 billion Tronix.
For now, Tron has a supply cap of 100 billion Tronix. But unlike some other cryptocurrencies such as bitcoin, that limit is not set in stone, the Tron Foundation has said.
According to price data provider CoinMarketCap, Tron’s price reached an all-time high of $0.22 in January 2018 amid a crypto-wide bull run. For most of 2018 and 2019, Tron’s price hovered between $0.01 and $0.04. Tron’s price hit a fresh peak of $0.16 in April 2021, rising with the rest of the market as bitcoin broke $64,000 for the first time.