Tron (TRX) has successfully positioned itself as a unique cryptocurrency that facilitates content sharing and has transformed the way of publication.
TRX has shown a relatively high increase in value and market cap over the past few years, as it hit an all-time high of $0.3004 in January 2018. Given all its strategic developments and technological advances, investors are storming their heads to know whether Tron could be a millionaire-maker.
The best way to describe the purpose of this unique project, Tron, is that it is a decentralized platform that facilitates content sharing to popular service providers like Facebook or Youtube. It aims to challenge its competitors like Google Play or Apple who provide the same services but for a very higher charge.
What Makes Tron A Unique Cryptocurrency?
Before getting into TRX being the next millionaire maker, it is imperative to know why Tron is a unique cryptocurrency in the market. The first and foremost factor is how as a content creator, Tron lets its users have total control over one’s data. To be precise, your work will be compensated without having to share them with a middleman. It provides a shared platform for the whole entertainment market and enables its users to freely publish, share, store, and own their data.
What Tron offers is a platform where content creators can easily connect with their audiences directly. By deploying this cryptocurrency user’s can eliminate the need for a middleman and can save a lot from the unnecessary commission they have to pay. On the other hand, it helps consumers by making content less expensive and easily accessible.
Thus noting down the significant characteristic of Tron as a digital currency, one can say that it enables data liberations, free sharing, and storing of content, making it accessible for a larger audience.
As the media sector is developing day-by-day Tron itself is poised for more growth in the future and can be a considerable option as a good future investment.
Check Out: What is TRON? A Beginner’s Guide
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Where Does Tron Stand Today?
Tron price is expected to see a good rise in the foreseeable future because of its unique technology.
TRX currently has a market cap of $6.91B. The total supply of Tron coins is not definite and might sum to over 100 billion tokens. While it has a circulating supply of 101.94B in the market currently.
Apart from this, Tron, today stands as a secured platform with a unique consensus mechanism called delegated proof-of-stake. It has a blockchain ledger that traces and records all the transactions that are made with TRX. In addition to this, what gave Tron popularity among other cryptocurrencies is that it supports several other leading blockchain networks like Ethereum, Bitcoin, EOS, etc.
The Future Map Of Tron
Unlike any other cryptocurrencies in the market, the credit that Tron holds for itself is that it has a crystal-clear plan for its future developments. The plan was initiated in 2017 and is a 6 stage long plan till the end of 2027. In a gist, these are the 6 different stages spanning across all years.
The first one is named Exodus, this earlier phase is where Tron facilitated a free peer-to-peer platform for content distribution. The Odyssey stage where the content creation will be empowered using economic incentives. The phase of Great Voyage, where the team would deal with issues of income payments, supporters, etc. The next stage, Apollo is to increase the economic vitality of the system by issuing its token.
The fifth stage is the Star Trek stage, which would be a different stage where Tron is hoping to expand its borders to decentralized gaming platforms. This is a phase where investors can have a good chance as it is also intended to provide high market capitalization to Tron. The final stage, that is, the Eternity, opens up the platform for the public, where people could invest in their interesting games and contribute their part in the gaming market and secure a wealthy investment for themselves.
Could Tron Be A Millionaire-Maker?
Tron is a cryptocurrency with sufficient space, high-end technology, a unique feature, and a high potential for growth in the future. Adding to its popular acquisition of BitTorrent is a silver lining for its development. Tron also announced Tron Arcade, a 100 million worth gaming fund that will be released in over 3 years. It increases its value among artists, musicians, and other creative people.
With all these developments and strategies in-store, Tron is going straight into investors’ favourite list and has a good chance of being the next millionaire-maker in the market.
Read Also: Tron Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Could Tron Be A Millionaire-Maker: The Bottomline
Because of the rapid development in the entertainment sector, Tron has a rich future ahead as it has successfully applied blockchain technology to this sector. This will further increase the value of this utility token in the market. But given the fact that the cryptocurrency market is highly volatile, if invested carefully with risk management plans, Tron could be a millionaire-maker in the future and investors could secure a wealthy future.