Ranked as the 13th biggest currency, TRON foundation has disrupted the blockchain space back at the end of June when Justin Sun, the CEO and founder of TRON foundation announced the Independence Day for all Tronics within the launching ceremony of TRON’s own mainnet.
Moreover, TRON foundation on the head with Justin Sun is heading towards creating a new decentralized internet known as Web 3.0, which is one of the reasons why Sun has bought out BitTorrent, the greatest data sharing platform by far.
In the meanwhile, the foundation published their own Tron Virtual Machine for smart contract operations and Dapp creation, also enabling translation of decentralized apps built on Ethereum to TRON mainnet.
With Seedit, TRON got a special place on Twitter through a tipping bot, so that the exposure of TRX is consequently increased. As TRON foundation is rapidly progressing towards completion of their main objectives, here are the top 5 most interesting facts about TRON (TRX).
- The Development Stages of TRON Network Will Take 10 Years to Complete
To start off with the roadmap that many of Tronics have most probably already gone through more than several times, the development of TRON should have 6 stages in total.
The name of the stages is purely related to references of popular games and movies that many Tronics can relate to. The six stages of the development are named Exodus, Odyssey, Great Voyage, Apollo, Star Trek, and finally Eternity.
The project is currently at the first stage of development, Exodus, which should be followed up by the stage named Odyssey. The total estimated time for applying all stages is 10 years. Odyssey, as the next stage of TRON development, should allow full protection of personal data, also enabling a functional and well-established ecosystem for content creators.
2. TRON Network as a Blockchain-driven Gaming Platform
Another interesting thing about TRON and TRX is the fact that TRON has a massive potential as a gaming network/currency. Already at the beginning of 2018, in the first quarter of the current year, TRON has tackled its gaming potential by establishing partnerships with two massive gaming platforms.
Xu Le and Gaming.com have become the official partners for TRON, as the foundation is planning on going beyond the popularity of Crypto Kitties, which has been already launched on Gaming.com in form of an alternative version applicable on the platform.
The gaming industry is easily one of the largest industries with collecting over 108 billion dollars in revenue in the course of a single year in 2017, so having TRON penetrating this market is an exceptional strategy.
Furthermore, TRON foundation is planning on creating an alternative gaming platform with low fees, while the price of games will be held under the potential of micropayments, which could further place TRON on top of the gaming industry chain in the long run.
3. TRON’s Justin Sun was once a Part of Ripple Labs
As an active figure of the foundation and the basis of TRON’s reputation, and voted as one of the leading entrepreneurs under 30 by the Asian Forbes, Justin Sun is most definitely the center figure of the decentralized mechanism of TRON foundation.
What makes up for an interesting fact is that Justin Sun once was a direct supporter of Ripple (XRP). Apparently starting out in 2013 and leaving his position in 2016 before the TRON project was launched, Justin Sun was one of the Ripple Labs’ representatives, also holding the position of an advisor for Ripple Labs in 2014.
4. TRON and the Circulation of TRX tokens
The total number of generated tokens is 100 billion of TRON units, while there are currently around 65,7 billion tokens in circulation. The remaining number of tokens which is around 34 billion TRX units should not be released until January 1st of 2020 as officially stated back in January of the current year.
To employ trust among Tronics, the address of the kept stash of around 34 billion TRX tokens is kept public so that all TRX holders can have an insight into the transparency of the remaining tokens outside the market circulation. The address was provided by Justin Sun himself in December of 2017 in one of the official posts on Twitter, where Sun is an active member.
5. TRON Chose Singapore over Beijing
Singapore is known to encourage the adoption as well as the issuance of ICOs and the development of blockchain technology, which is the main reason why TRON foundation cleverly went for choosing Singapore instead of Beijing, although Beijing was the original origin of deployment.
Since China is placing regulations on ICOs, Sun chose Singapore for legal registration of Tron foundation and TRX.