TRX (TRONIX) is the native cryptocurrency of the Tron blockchain network, initially launched in 2017.
Key features:
- Created by: Justin Sun
- Initial launch: As ERC-20 token
- 2018: Migrated to Tron mainnet
- Total supply: 100 billion
- Network role: Powers transactions and smart contracts
Uses:
- Transaction fees
- Smart contract operations
- Decentralized Finance (DeFi) applications
- Governance participation
- Staking rewards
Notable aspects:
- High transaction speeds
- Low transaction costs
- Used for USDD stablecoin system
- Popular in Asia markets
- Significant DeFi adoption
The token serves as the primary currency for the Tron ecosystem, used for both technical operations and financial transactions within the network.