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Exchange TRON (TRX)

If you're looking to swap TRON (TRC-20), SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is TRON (TRC-20), or some fresh information about TRX’s price movements. And, of course, we provide you with multiple TRON (TRC-20) exchange options so that you can choose the offer with the best rates and lowest TRON (TRC-20) fees, as well as other parameters that suit you.

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TRON Price Stats

To help you make a decision about exchanging your TRON, we gathered some cold hard numbers: TRON price chart and other stats, such as TRON market cap.

TRX 24H HIGH

TRX 24H HIGH $0.14056534669545

TRX MARKET CAP

TRX MARKET CAP $12,180,205,955.495

TRX CIRCULATING SUPPLY

TRX CIRCULATING SUPPLY 87,129,296,909.155 TRX

TRX 24H LOW

TRX 24H LOW $0.1362256245852

TRX PRICE

TRX PRICE $0.13979460855968

TRX 24H VOLUME

TRX 24H VOLUME $62,378,845.264

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TRON Price Chart

Here you can see the current price of TRON (TRC-20), as well as TRON (TRC-20) price history.

What is TRON?

The Tron network is a decentralized blockchain-based platform that aims to revolutionize the way digital content is created, shared, and consumed. Founded by Justin Sun in 2017, Tron aims to create a decentralized internet that is free from the control of centralized entities like governments and corporations. Alongside its core functionalities, TRON has also ventured into stablecoin innovation with the introduction of Decentralized USD (USDD). 

One of the key features of the Tron network is its ability to enable developers to create decentralized applications (DApps) that can be built on top of the Tron blockchain. These DApps can be used to create a wide range of digital content, including games, social media platforms, and file-sharing applications. 

TRON provides a robust environment for developers with its TRON Virtual Machine (TVM), a lightweight and Turing-complete virtual machine that executes smart contracts on the network.

Another important feature of the Tron network is its focus on user-generated content. Tron aims to empower users to create and share their own digital content without the need for intermediaries like social media platforms or content distribution networks. By enabling users to directly interact with each other, Tron hopes to create a more open and transparent internet that is free from censorship and control.

The TRON network employs a delegated proof-of-stake (DPoS) consensus mechanism. The top 27 Super Representatives (SRs) are elected by TRX token holders and are responsible for block production and validation. This consensus algorithm ensures the security and integrity of the TRON blockchain.

TRON has also launched an algorithmic stablecoin called Decentralized USD (USDD), first announced in April 2022. It utilizes an automated balancing technique where $1 worth of TRX is burned to mint 1 USDD. The TRON DAO Reserve manages USDD, aiming to maintain stability relative to the underlying collateral. The minimum collateral ratio is set at 130%, ensuring the value of the collateral exceeds the circulating USDD supply.

The USDD protocol accepts a range of cryptocurrencies as collateral, including TRON, Bitcoin, USDC, and Tether. The minimum collateral ratio is set at 130%, requiring collateral reserves to exceed the value of circulating USDD. This ensures solid backing and mitigates the risk of depegging. TRON DAO Reserve aims to build a substantial treasury worth $10 billion to bolster USDD's stability.

Super Representatives play a vital role in maintaining USDD's stability. These institutional partners incentivize trades to absorb potential price volatility. When the price of USDD falls below $1, Super Representatives burn a portion of their USDD holdings to mint TRX. This mechanism helps restore the value of USDD back to its target price, ensuring stability within the system.

The TRON ecosystem is a network of decentralized applications (dApps) spanning various industries such as gaming, social media, entertainment, and decentralized finance (DeFi). TRON provides a platform for developers to build and distribute their dApps, offering a seamless user experience. By leveraging TRON's architecture and suitable storage options, users can actively participate in the TRON ecosystem.

TRON's layered architecture enhances scalability, modularity, and easy integration of new features and includes:

  • Application Layer: This layer hosts decentralized applications (dApps) across industries like gaming, social media, and DeFi. dApps leverage TRON's infrastructure to provide innovative experiences for users.
  • Smart Contract Layer: It incorporates the TRON Virtual Machine (TVM) to execute smart contracts. Smart contracts automate rules, ensuring secure and transparent interactions within the TRON ecosystem.
  • Consensus Layer: A delegated proof-of-stake (DPoS) consensus mechanism is used. Elected Super Representatives validate transactions, produce blocks, and maintain the network's integrity.
  • Network Layer: This layer facilitates communication and connectivity between nodes, allowing data transmission for synchronization and a consistent blockchain view.
  • Core Layer: The core protocols, data structures, and cryptographic algorithms form the foundation. It supports transaction processing, block validation, and account management, ensuring network security and efficiency.

The TRX token is the native cryptocurrency of the TRON network. It serves as the utility token that powers the TRON ecosystem and enables various functionalities within the network. TRX is used as a means of value transfer within the TRON network. Users can send and receive TRX as a form of digital currency for transactions on the TRON blockchain.

The smallest unit of TRX is called a "sun," and the term "just" is used to represent a fraction of a sun. Fees on the TRON network are often measured in suns or justs.

TRX is utilized to pay for transaction fees on the TRON network. When users perform actions such as transferring tokens, executing smart contracts, or interacting with decentralized applications (dApps), they need to pay a small amount of TRX as a fee.

TRX holders have the ability to participate in the governance of the TRON network. They can vote for Super Representatives (SRs), who play a crucial role in block production and network consensus. Voting rights allow token holders to have a say in network upgrades, protocol changes, and other governance matters.

Many decentralized applications built on the TRON network require TRX for their operation. Users may need to hold and use TRX to access and utilize the features and services provided by these dApps.

TRX acts as a base currency for token swaps and conversions within the TRON ecosystem, besides giving the users the ability to exchange TRON itself. TRX pairs with other tokens, providing liquidity and enabling seamless transactions on TRON-based decentralized exchanges (DEX) and liquidity pools.

TRX holders can participate in staking and earn rewards in the form of additional TRX tokens. By staking their TRX instead of making TRX swaps, users contribute to the network's security and consensus mechanism, and in return, they receive rewards.

Initially, TRX had a maximum supply of 100 billion tokens. As the tokenomics of TRX include burning tokens as part of the stablecoin minting process and allocation for various network activities, partnerships, and ecosystem development, by 2023 the total supply got reduced to 89,776,652,738 with 89,776,046,019 TRX in the current circulation. 

Average Fees on the Tron Network

The average fees on the TRON network can vary depending on network congestion, transaction volume, and other factors. However, TRON is known for its relatively low transaction fees compared to some other blockchain networks. 

TRON employs a dynamic fee adjustment mechanism that allows fees to adjust based on network demand and congestion. During times of high network usage, fees may increase slightly to incentivize miners and ensure timely transaction processing.

The transaction fees also depend on the platform used for trading and might vary within 0.1%-0.25%. 

TRX Token Wallets 

To store TRON (TRX) securely, users have multiple wallet options. The official TRON Wallet, available for desktop and mobile devices, provides a user-friendly interface and direct integration with the TRON ecosystem. Hardware wallets like Ledger and Trezor offer enhanced security by storing TRX offline. Additionally, software wallets such as Trust Wallet, Atomic Wallet, and Coinomi support TRON and offer flexibility for managing TRX holdings.

A Simple Way To Exchange TRON Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 3400 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Exchanging TRON: SwapSpace’s Video Tutorial

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