KuCoin Announces Tron TRX As One Of Their Available Trading Tokens
As part of KuCoin’s advanced development, today, they have listed another promising project that would definitely interest investors and partners. The newly added cryptocurrency is TRX, the native currency of TRON, a blockchain-based decentralized platform.
Deposits can now be transacted with trading pairs including TRX/BTC and TRX/ETC. Buying begins at 19:30 UTC+8 and Selling/Withdrawal at 20:00 UTC+8. All transactions can be executed using KuCoin’s App or to their website at www.kucoin.com.
Introduction to Tron (TRX)
Tron is a blockchain-based decentralized platform that strives to develop a free, global digital content entertainment system with distributed storage technology, and enables easy and cost-effective sharing of digital content.
Tron was established in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is directed by CEO Justin Sun and has a committed in-house development team that comprises renowned technology stalwarts.
How Tron Works?
By utilizing the features of the blockchain and peer-to-peer (P2P) network technology, TRON endeavors to bridge the gap between content producers and content users by excluding the middleman. The result is an overall price reduction for the consumer and improved compilation through direct receipts for the content producer, which contributes to a win-win situation.
What Is Tronix (TRX)?
The Tron network utilizes its own cryptocurrency named Tronix (TRX). One can obtain Tronix on exchanges like Liqui, Binance, and now on KuCoin by exchanging them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies is not plausible at present. It can be deposited on wallets that support the Ethereum blockchain like MyEtherWallet.
Tronix can be employed by content consumers to spend for the content they want to access. These tokens would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be utilized to pay for blockchain services.