KuCoin is a blockchain asset exchange that is distinguished for adopting unique and promising altcoins in the cryptocurrency market. The platform has a wide range of digital currencies with a rewarding user-loyalty system based on its inherent cryptocurrency.
Because of its excellent reputation, KuCoin once again demonstrated its reliability by listing another decentralized protocol called Tron TRX.
Starting today, TRX is available on KuCoin’s platform on supported pairs like TRX/BTC and TRX/ETH.
Tron is a blockchain-based decentralized platform that strives to build an open, global digital content entertainment system with distributed storage technology, and permits easy and cost-effective sharing of digital content.
Tron was established in September 2017 by a Singapore based non-profit organization, the Tron Foundation. It is directed by CEO Justin Sun and has a dedicated in-house development team that includes notable technology stalwarts.
By utilizing the features of the blockchain and peer-to-peer (P2P) network technology, Tron attempts to bridge the gap between content producers and content consumers by eliminating the middleman. The result is an overall cost reduction for the consumer and developed collection through direct receipts for the content producer, which contributes a win-win condition.
The Tron network utilizes its own cryptocurrency called Tronix (TRX). One can purchase Tronix on exchanges like Liqui and Binance by trading them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies is not probable at present. It can be stored on wallets that sustain the Ethereum blockchain like MyEtherWallet.
Tronix can be employed by content users to pay for the content they want to access. These coins would then go to the content creators’ accounts, where they can be traded to other cryptocurrencies or can be utilized to pay for blockchain services.
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