Tronix is a native cryptocurrency created on Tron blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Tronix was first created as a token through the Initial Coin Offering on the Ethereum blockchain but was later transferred to its own Tron blockchain thus becoming fully a cryptocurrency .Tronix was mainly created to enable content creators to earn money in form of tronix from their own data on tron network.
Tronix transaction
Tronix transaction takes place on the Tron blockchain Explorer based on blocks height and timestamp. To view how tronix transaction takes place on the Tron blockchain explorer, simply follow the link below;
https://www.trxplorer.io/blocks/
Date Launched
Tronix cryptocurrency was created in 2017 through the initial coin offering as a token but later became fully a cryptocurrency in 2018 when it was transferred to its own blockchain ,tron network. Since then, its network was able to be improved such that more assets were able to be built on its own network using the smart contract address.
Founder Of Tronix cryptocurrency
Tronix was created by Justin Sun who is a Chinese based citizen and a blockchain entrepreneur as well a Hupan University graduated( a chinese based university for entrepreneurs and is chaired by Jack Ma,the founder and chairman of Alibaba commerce store).Justin sun is also an alumni of Pekin university as well as Pennyslvania university.
Process of creating Tronix cryptocurrency
Unlike cryptocurrencies like bitcoin and ether which are created as a proof of work through the mining process in the presence of internet and power, for Tronix, that is not the case. Instead, most of it were created during the initial coin offering stage as a token on the Ethereum blockchain network but later became a cryptocurrency after being transferred from Ethereum blockchain to Tron blockchain network.Therefore, tronix is not mineable.Maybe you can stake and earn some interest.
Maximum circulation of tronix
Unlike cryptocurrencies like bitcoin and ether whose circulation to their blockchain economy keep on halving over time, for Tronix cryptocurrency, that is not the case. Instead, most of it were created during the initial coin offering and were being circulated across the ethereum network using the ethereum smart contract address. Later on, tronix were transferred on tron network and became the native cryptocurrency for transactions on tron network.Currently, 65,000,000,000 of tronix are expected to be circulating in the tron network when all tronix are being released. Every year, certain amount of tronix will be released to the tron network where by certain tron holders will be awarded for holding certain amount of tronix. After every 6 hours, there will be 127 super representative candidates to be awarded with 115,200 tronix summing up to 168,192,000 per year. Out of these 127 candidates, 27 candidates will become representatives and will be awarded with 32 tronix every second summing up to 336,384,000 every year. This process will take place until the end of 2021 so that all the 65,000,000,000 tronix are released to the tronix blockchain economy.
Tronix Price
Currently, 1 Tronix is worth more than $0.0247 and its price is expected to increase over the next period of time. Tronix is being abbreviated as TRX.
Converting my Tronix to other cryptocurrencies
To convert your Tronix to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Tronix to bitcoin
https://www.binance.com/?ref=10776203
Storing my Tronix
To store your Tronix, you need a Tronix wallet or other supported cryptocurrency wallets. You can use tronix web wallet or other supported Tronix wallets. For the safety of your Tronix, you can use offline Tronix wallet like Ledger hardware wallet or you can download Tron wallet.
Transferring my tronix to other Users
If you want to transfer your Tronix to another user, the two of you must have trust in each other. The trust should be the tronix address provided for the receiver while the sender must have the tronix balance in their account to send to the receiver. For the sender, a blank space to insert receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;
Knowing more About Tronix
If you feel that you need to learn more about Tronix cryptocurrency, then you can follow them on their site. Here is the link redirecting you to tron website site
Now that you know, i think that it is time for you to start owning some Tronix by purchasing them . If you feel that i should also own some for helping you to know more about this cryptocurrency, here is my tronix address ;
TLUBERvPyDTgdk82aPZcfo3mSyUaoTHw7v
