0.0687 TRON (TRX) to US Dollar (USD)

Where to buy TRON?

Buying TRX for USD on the EXMO exchange is very easy, you just need to follow a few steps:

Login to EXMO or create an account if you don't have one;
Go to the “Wallet” section of your personal account;
Select USD currency and top up your balance;
Go to the “Trades” page, select TRX/USD in the list of currency pairs;
Scroll down to “Buy TRX” and “Sell TRX”;
Select order type: Limit, Market or Stop:
A limit order is an order to buy (or sell) TRX at a certain, more favorable price. A buy limit order is executed only at or below the specified maximum price, and a sell limit order is executed only at or above the specified maximum price.
A stop order is a pending order for automatic purchase or sale operations, which is executed according to previously established restrictions in order to make a profit and (or) minimize possible losses.
Fill in the “Amount” and “Price” fields (pay attention to the transaction fee).
Click the “Buy” or “Sell” button.

Easy, right? Now you know that buying TRON and exchanging US Dollars for TRON is available to all users. You just need to figure it out a little.

Tron rate chart

Tron is one of the early smart contract ecosystems. Its founder is Justin Sun, who worked at Ripple Labs until 2016.

The Tron ICO, held in 2022, was among the most successful - in 3 days the startup managed to raise $70,000,000. The Tron testnet was launched in 2022. In the same year, the Odyssey mainnet began operating.

During the tests, Tron used the Ethereum platform, and the native TRX token existed as an ERC20 token on the Ethereum blockchain. With the launch of the main network, the migration to the native Tron blockchain was successfully carried out. Here today, by analogy with Ethereum ERC, third-party teams can launch their Tron TRC standard tokens.

Tron's own virtual machine, TVM, is compatible with the Ethereum virtual machine, EVM. Such coincidences are not accidental, because Justin Sun conceived his project as a copy of Ethereum with some advantages.

The platform uses the Delegated Proof-of-Stake protocol. By freezing their TRX in stacks, users receive not only Bandwidth Points - more on those later - but also TRX Power. TRX Power serves as “votes” that can be cast for one of the Super Representative candidates. There are 27 Super Representatives in total - they are responsible for verifying transactions and signing blocks. There is also a category of Super Partners - this includes the first hundred of those who have not received the required level of support to become a Super Representative. Like Super Representatives, Super Affiliates receive a specific reward in the TRX token.

The success of the project also became a personal success for Justin, who was included several times in the 30 under 30 lists of the Chinese version of Forbes.

On the market, the new company was remembered for several major transactions - the acquisition of the Poloniex exchange, the DLive startup and the BitTorrent torrent service. All of them have been integrated into the ecosystem - for example, users of the official Tron Wallet are offered simplified access to PoloniDEX (ex-Poloniex).

Thanks to Justin’s efforts, another major cryptocurrency appeared in the Tron ecosystem - BitTorrent Token (BTT). You can use it to pay for the options of the BitTorrent torrent client or support your favorite streamers on DLive.

With the introduction of the TRC721 standard in December 2022, the first NFT collections were launched online.

Finally, the third major coin on the Tron blockchain, JST, serves as the governance token of the JUST DeFi platform. The latter is useful for quickly exchanging tokens or making money on a landing page.

The Sun Network also operates on the network. Sun Network is positioned as a reliable sidechain to the Tron main chain. To increase the blockchain's throughput—its rate of transactions per second—the team is reducing power consumption when executing smart contracts, which should benefit both DApps developers and Tron users. The Layer 2 solution promises to make operations in tron applications cheaper and more efficient.

What is TRX used for?

TRX cryptocurrency is used in the same way as any other - to make transfers between wallets, purchases in decentralized applications, and trading. Tron is known for its unconventional approach to gas fees, or transaction fees. You can pay fees using Bandwidth Points (BP) - each user is awarded 5,000 such points per day. The debit depends on the amount of data transferred - for each byte transferred, 1 BP is debited. Those for whom this amount of points is not enough can “freeze” their TRX and points will begin to accrue to them.

What makes Tron remarkable?

One of the main features of Tron is the ability to make transfers for free thanks to daily free points and points awarded to frozen TRX.

In general, the network positions itself as one of the most active and productive.

Where to buy TRX?

You can buy TRX on the company’s own exchange – PoloniDEX. Or on one of the centralized trading platforms:

Binance;
CEX;
Huobi;
Kraken;
and others.

Those who already have TRC tokens can exchange them for TRX using the JUST portal. Owners of BTC, LTC, Huobi Token, as well as other coins outside the Tron ecosystem also have the opportunity.

TRON to US Dollar exchange service created for your convenience.

EXMO is a reliable cryptocurrency exchange with a high level of security of funds and data and the fastest technical support that responds within 15 minutes 24/7. Taking care of the client is the main priority of the EXMO team.

The EXMO platform, where you can exchange TRX for USD, was founded in 2013 and has offices in London, Kyiv, Istanbul and Moscow. EXMO is one of the largest exchanges in Europe in terms of traffic, TRX trading volume and liquidity.

The platform's easy-to-use interface will be convenient for both beginners and professional traders. The platform uses TradingView charts , which contain all the tools and data a trader needs for technical analysis when trading TRON or the US Dollar.

Tron (TRX) price today

TRXUSD course from TradingView
Native cryptocurrency allows you to earn real money today using your own platform from the blockchain developer. This distinguishes this crypt from its popular analogues, since it does not require mining using the computing power of computers.

At the moment, you can not only earn virtual money, but also buy it on crypto exchanges, receive other currencies in exchangers, including both digital (Bitcoin, Etherium, Dogecoin) and fiat (dollars, euros, pounds). The current rate depends on the number of coins generated, but it is also affected by the movement of coins in the network.

The closest competitors are Ethereum and EOS. Moreover, it was Ethereum that became the basis for TRON, so they use the same wallets, which simplifies the storage of exotic cryptocurrencies.

The following capabilities are available or planned on the blockchain platform:

downloading, storing and transmitting entertainment content to other users - video, music, and so on;
financial support for selected projects;
using cryptocurrency as a payment method in online games on the developer’s platform;
payment with Tron cryptocurrency for posting personal content and selling it without intermediaries and commissions;
development of own tokens.

TRX is a liquid currency; it can be exchanged for national money without restrictions and withdrawn to a bank card.

Key features of the TRON blockchain

TRON has a three-layer architecture divided into storage, kernel and application layers. The storage layer stores information about blocks and system state.

The main layer serves as the basis for smart contracts, consensus mechanism and account management.
The application layer is the system layer that hosts the interfaces for application development.
Additionally, there is the Sun Network, a sidechain network built specifically to bring more dapps into the system.

TRON's consensus mechanism uses a delegated proof-of-stake algorithm. Participants are classified as Super Representatives (SRs), SR Partners, and SR Candidates. SRs are chosen by vote. The first 27 super representatives get the right to generate blocks and process transactions, receiving a reward for this. Blocks are produced every 3 seconds and are worth 160 TRX. Validators who take 28-127 places become partners of SR, who are entitled to a reward for voting and, in fact, act as witnesses. The application fee to become an SR candidate is TRX 9,999. Regardless of the election result, no one will return your money, it will simply be burned

Any participant can make suggestions for improving the network and vote. To vote, a TRX owner must place a bid and receive Tron Power (TP), proportional to the amount they freeze at a 1:1 ratio. By attributing votes to a CP candidate, the user can receive a portion of their vote reward. Since the SRS list is updated every 6 hours, rewards also accumulate during this time period and are distributed accordingly as the list is reshuffled according to the ranking.

The TRON project is currently developing the idea of collaborative consumption, which is that users will be able to exchange entertainment content on a single global platform.

Official website of TRON cryptocurrency: https://tron.network

Analysts call such a platform the ether of the modern entertainment industry. In general, the functioning of this system is as follows:

The author or copyright holder publishes the result of his intellectual work on the official website. You can upload anything - from literary novels to an original song or art on a specific topic. Next, the participant lays out information about exactly how his creation can be used (as an accompaniment to another work or as an independent product). Next to it he indicates the price of his work.
Another user who is interested in this work purchases it using the local currency Tron (TRX). However, users should remember that it is impossible to purchase this or that product on this resource using fiat money (dollar, euro, rubles, etc.). The system has its own cryptocurrency, which must be purchased at exchangers or exchanges in order to complete a transaction.
As soon as an interested user has purchased the result of intellectual work, the amount specified by him is transferred to the author’s account. The author can use tokens at his own discretion - purchase a work from another author, simply keep the money in his account, or exchange it for another cryptocurrency or fiat money.

All users who are just starting their activities on the site are initially interested in what TRX is. This resource uses several types of tokens for different purposes:

Tron (TRX ) This is the main currency of the system. For this currency you can buy or sell the results of your intellectual work. If necessary, the owner of a certain amount in a given currency can exchange it for fiat money or other cryptocurrency.
Tron Power . It is impossible to purchase or exchange other money for this currency. The only way to receive them is to secure the TRX currency on the site platform. In this case, they are converted to TR. The presence of such tokens gives advantages to their owner. For example, the holder of a TR has the right to vote for certain changes in the system, or to oppose them.
TRON 20 . Coins owned by developers. Using them, they create new full-fledged blockchains with new tokens.

The issue of the TRON cryptocurrency is limited; currently 100 billion coins have been issued. However, it is worth considering one more point - starting from 2022, tokens begin to be burned (they are sent to an address known only to developers). The last major burning was in June last year, but how often such procedures will be carried out is currently unknown.

Tron (TRX) to dollar exchange rate

Compared to the US dollar, Tron has its own set of advantages that everyone should take advantage of.

Fast transactions on the Internet. You won't have to wait several banking days to transfer money to another person's account.
Security and privacy of purchases. Transaction data is not tracked by third parties, minimizing the risk of fraud.
Trading occurs without counterparties, which means the risks are minimal, and in most cases there is no commission.

Buying and selling a currency pair works in both directions. If you urgently need cash, you can quickly withdraw TRON from virtual accounts by simply transferring currency at a favorable rate directly to your bank account.

Today, everyone can join in the accumulation of virtual capital and make transactions without having to visit bank branches. Electronic money allows you to work with trading platforms without intermediaries and commissions, and make transfers instantly. They are stored in special wallets, to which only the owner has access. This is a safer way to store money, and given the development of the cryptocurrency market, you can make good money on the difference in rates if you know about the most reliable and fastest-growing coins.

Tron (TRX) to ruble exchange rate

TRXUSD chart from TradingView

There is a positive forecast for the cryptocurrency, which promises it a gradual increase in price. It is among the TOP 20 digital coins in terms of capitalization and this is not the limit. Therefore, you should invest part of your savings in rubles in order not only to save them from inevitable inflation, but also to increase your capital. You won’t be able to make quick money with TRON coins, but you will definitely make a profit after a couple of years.

Also today, trading on a crypto exchange is an alternative to bank deposits, since in this case the money is stored not in a cell, but in the user’s personal wallet on the Internet. Since banks tend to close in crisis situations, and the Internet has been working uninterrupted for decades, it makes sense to use the crypto market to store savings for a rainy day. Especially when we are talking about such an unstable currency as the Russian ruble.

How to mine Tron?

The platform developers did not foresee mining the Tron cryptocurrency, since they had already created all the necessary coins. In addition, the creators spoke about the scheme by which their cryptocurrency will work:

40% of the total number of coins will be sold to enable the project to develop further.
15% of the remaining amount is allocated for purchase by investors. Investors are considered players who, after the main sale of coins, will be ready to purchase tokens further.
The remaining funds are “frozen” and remain in the accounts of the company owners.

Justin Sun explained that perhaps mining will be provided in the future when the company gains the necessary popularity.