Investment in Tron (TRX)
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TRON is a decentralized, open-source blockchain-based operating system that seeks to revolutionize entertainment as well as digital content sharing. TRON, whose native crypto token is popularly known as TRONIX (TRX), has smart contract functionality and has increased in price by over 200% in the past year. Established in March 2014 by Justin Sun, a Chinese entrepreneur, TRON follows the consensus mechanism Proof Of Stake (POS) as its functioning mechanism. Originally, it was an Ethereum-based ERC-20 token and later switched its protocol to its own blockchain in 2018. The TRON blockchain platform uses an array of permission-less tools, platforms, and protocols to decentralize and democratize the content distribution business. TRON allows developers to create and deploy extremely competent decentralized apps (DApps), which include decentralized exchanges, online games, yield farms, and an open lending platform on its blockchain. The TRON Foundation raised $70 million th...