Is Tron coin real?

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Is Tron coin real?

Tron is a blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Founded in 2017 by a Singapore non-profit organization, the Tron Foundation, Tron aims to host a global entertainment system for the cost-effective sharing of digital content.

Is it safe to invest in Tron coin?

Seeing the upward trend and the future technology, one can plan to invest in Tron but it depends on the risk appetite of an investor. However, considering the volatile values of Tron and the cryptocurrency market in its infancy, it can turn around into a very risky investment. Also, it is not a legal tender in India.

Is Tron a pyramid scheme?

The operation was based on the classic principles of a pyramid scheme: promising everyone an exaggerated gain, driven by new subscriptions which in turn were attracted by the positive testimonials of the first who were the lucky ones to enter the mechanism.

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Is Tron a good investment 2020?

According to them, TRON is an excellent cryptocurrency with great potential. As the adoption rate increases, the price of TRX will rise.

Why should I invest in Tron?

Today the platform is best known for its transaction speeds and its lively CEO. Specifically, the platform is capable of 2000 transactions per second. This performance puts TRX on par with major payment processors such as PayPal. Best of all, TRON has zero transaction fees.

How does Tron make money?

Rewards. You can earn passive income by participating in the Tron network using the voting system. The current annual yield on Tron is around 7\%, minus the Super Representatives’ fees. The rewards you’ll receive will depend on the SR you vote for.

How is TRON coin doing?

TRON currently holds the 15th position in terms of market capitalization which is commendable considering its overall duration in the cryptocurrency market. The total market cap of TRON is nearly 4.05 billion USD (as of 25th February 2018) with a value of TRX token equivalent to 0.043 USD apiece.

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Did Justin Sun announce Tron’s big announcement?

Coin Jazeera is a satirical crypto news site. On Monday morning during Consensus 2019, marketing hypeman and shameless self promoter, Justin Sun, gave an “announcement of an announcement” on Twitter that TRON had a major reveal planned for later that day.

Is Justin Sun’s Tron a Ponzi scheme?

While the scheme represented its fake investment plan by using TRON’s name, investors actually invested huge fund and blaming Justin Sun for not taking any action against it. Concerning these Ponzi schemes, Sun finally broke out his silence on July 05, 2019 and added that “we will never ask you to send money.

What happened to Tron?

On Monday morning during Consensus 2019, marketing hypeman and shameless self promoter, Justin Sun, gave an “announcement of an announcement” on Twitter that TRON had a major reveal planned for later that day. We were shocked to learn that the TRON offices had been raided by the police and that it’s founder Justin Sun was arrested.

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Is Tron a real business?

The facts are there to prove that TRON is a real business. Probably more real even than 90\% of blockchains we’ve looked at. The project currently hovers around a $1.1 billion market cap, already acquired BitTorrent and Steemit, and Sun recently palled around with Warren Buffet.