Frequently asked questions
Tron is a decentralised blockchain platform, established in 2017 in Singapore. The Tron Foundation, the non-profit behind the network, is headed by Justin Sun.
The aim of the network is to provide a digital means of sharing entertainment content, which might conceivably help the entertainment industry to rid itself of middlemen, allowing creators to get their content directly to the consumers who enjoy it. It does this through a kind of distributed storage.
This contrasts sharply with the centralised model pursued by companies like Netflix and Amazon Prime, where all of the content is stored and controlled by a single organisation which takes a considerable cut. Tron seeks to change that, making distribution truly decentralised.
The network comes with its own native currency, the Tronix.
The ticker symbol of Tron is TRX ("Tronix").
If you want to invest in Tronix, you might consider the future trajectory of the currency. Like all cryptocurrency, the coin’s heath is heavily tied to that of the crypto market overall, and of Bitcoin especially. It’s also worth considering the potential health of the TRON project — if investors begin to lose faith in the fundamental security of the network, then the price of the coin might well collapse.
The easiest way to get Tronix is buying it on a crypto exchange. Simply select and signup for an exchange that suits your needs, verify your identity, deposit money and start trading.
A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.
Is now a good time to buy Tronix? Frankly, we don’t know.
But there are several strategies when it comes to crypto investing. One approach is to buy in when price slips. In the crypto community this strategy is known as "buying the dip" (BTD).
Another strategy is dollar-cost averaging: investing a certain amount of money on a set schedule, say $100 every Monday morning. Dollar-cost averaging seeks to average out the lows and highs over time.
No matter which strategy you choose, Cryptoradar’s price alerts help you to not miss a dip, and adhere to your investment schedule
Different exchanges offer different ways to buy Tron. In some cases, you might be restricted to a bank transfer, in others, you might be able to use alternatives. You can compare the available options using Cryptoradar.
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