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Tron (TRX) is a blockchain-based platform designed for decentralized application (dApp) development and digital content sharing.
This coin is available on Newton.
Founded by Justin Sun in 2017, Tron aimed to eliminate intermediaries by enabling content creators to connect directly with their audiences, allowing for more efficient monetization. Initially launched as an ERC-20 token on the Ethereum blockchain, Tron transitioned to its own blockchain, adopting tested features like delegated proof-of-stake (DPoS) consensus, smart contracts, and token functionality.
Key highlights include:
Tron regularly ranks among the top 10 cryptocurrencies by market capitalization, supported by a vibrant community and extensive use cases. However, it has faced criticism and controversy, including allegations of copying code and scrutiny over Justin Sun's marketing strategies.
At its heart, Tron uses a Delegated Proof-of-Stake (DPoS) consensus mechanism where 27 elected super representatives validate transactions and maintain the network, producing new blocks every 3 seconds. These super representatives rotate every six hours and are chosen through a voting process by TRX holders, ensuring decentralized governance and efficiency. They earn TRX rewards( 32 TRX per block) for their role in securing the blockchain and processing transactions, incentivizing active participation and network integrity.
Users can participate in governance by acquiring Tron Power, which they gain by locking TRX tokens in a frozen state (1 TRX = 1 Tron Power). This power allows them to vote for super representatives and influence network decisions.
Unlike many blockchains, Tron uses bandwidth points instead of direct transaction fees, resulting in minimal costs. Every Tron account is allocated a certain amount of free bandwidth and energy (600 bandwidth points by default), which are consumed as users perform transactions or execute smart contracts. Users can acquire additional bandwidth points by staking TRX if a transaction exceeds the allocated bandwidth.
Tron supports creating and deploying smart contracts using Python and Solidity, which is compatible with Ethereum’s smart contracts. This compatibility allows developers to migrate existing dApps from Ethereum to Tron with ease. Additionally, Tron enables the development of custom tokens (TRC-10 or TRC-20), providing a standardized framework for creating new digital assets on its blockchain.
Yes, Tron is fully accessible in Canada. You can buy, sell, hold, and use TRX tokens through exchanges that support TRX. Newton facilitates the initial purchase of stablecoins, which you can then use to acquire TRX.
USDC is the only stablecoin that can be purchased through Newton
The entire process, from account creation on Newton to purchasing TRX on an external exchange, can take a few minutes, depending on:
Disclaimer: It is important to DYOR (Do Your Own Research) before investing in any asset, Including TRON. Be cautious of becoming “exit liquidity” for early investors, influencers, or professional traders who often buy early, promote the project, and sell when public interest peaks. Investing in any asset carries significant risk, and the cryptocurrency market is no exception. Only invest funds you can afford to lose entirely, and consider consulting with a financial advisor before making any investment decisions.
TRX offers some compelling features: high transaction speeds, low fees, and a growing ecosystem of applications. The platform's focus on practical use cases in gaming and digital content has helped build a strong user base.
However, like all cryptocurrencies, TRX is highly volatile and speculative. Its value can change dramatically based on market conditions, regulatory changes, or shifts in investor sentiment. While the technology is solid, success depends heavily on continued adoption and development. Whether TRON is a good investment depends on your financial goals, risk tolerance, and belief in its long-term potential. Consider TRX as part of a diversified portfolio rather than a standalone investment.
People buy and use Tron (TRX) for various purposes, including holding it as a digital asset that may appreciate over time or trading it to capitalize on market movements. It enables peer-to-peer payments with low fees and fast transactions, making it ideal for global transfers. TRX also serves as a diversification tool in crypto portfolios, offering exposure to high-risk, high-reward assets.
Users can stake TRX to earn rewards and participate in network governance by voting for Super Representatives.
Additionally, TRX powers decentralized finance (DeFi) applications, allowing for lending, borrowing, and earning interest. It also facilitates direct payments to content creators, eliminating intermediaries and promoting fair monetization
In the gaming and entertainment space, TRX supports play-to-earn games, in-game purchases, and virtual economies with seamless transactions.
Tron (TRX) was founded by entrepreneur Justin Sun in 2017 with the establishment of the Tron Foundation. Sun, recognized twice in Forbes’ “30 Under 30” in Asia, brought significant attention to the project through his prior ventures, including the audio content application Peiwo and his role as a Ripple representative in 2015. Sun's business background and previous experience helped attract early investors like Clash of Kings founder Tang Binsen and OFO bike-sharing startup CEO Dai Wei.
A significant milestone came in 2018 when Tron acquired BitTorrent, aiming to leverage its peer-to-peer file-sharing infrastructure to enhance content distribution. However, when the content creation model didn't gain the expected traction, Tron pivoted its focus toward becoming a platform for decentralized application development. This shift allowed Tron to leverage its blockchain for broader applications beyond content sharing, catering to developers and users interested in building and utilizing dApps across various sectors.
In 2021, Tron underwent a major transformation as it fully decentralized its operations. The Tron Foundation evolved into the Tron DAO, transferring governance to the community through smart contracts. This shift aligned with Tron's expanded vision of becoming a key platform in the development of Web3.
TRON (TRX) serves two main purposes: powering transactions and running applications on the TRON network. As a cryptocurrency, TRX enables fast, cheap payments worldwide. For developers, it's a tool to create and run decentralized applications, especially in gaming and entertainment. Users can also stake TRX to earn rewards and participate in network decisions. The platform is particularly focused on digital content sharing, letting creators connect directly with their audience without middlemen.
Please refer to Newton's Fees page for the most current information on Bitcoin (BTC) fees.
Yes, staking TRX allows you to earn rewards while supporting the network. You can stake directly on the Tron blockchain or through exchanges and wallets that support Tron staking.
Hold TRX as a digital asset that may appreciate over time.
Stake your Tron (TRX) to earn rewards while participating in the network’s governance by voting for Super Representatives.
Use Tron (TRX) within decentralized financial services for lending, borrowing, or earning interest.
Buy, sell, or swap Tron (TRX) to take advantage of market movements.
Use Tron (TRX) to pay artists and creators directly, promoting fair monetization without intermediary fees.
Access play-to-earn games on the Tron network, such as ChickenWARS and Blockchain Cutie, purchase in-game assets and participate in virtual economies with quick transactions.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
These involve person-to-person trades where you buy Tron (TRX) directly from another individual, often through peer-to-peer platforms or local community networks. While possible, this method often carries security and trust challenges.
These include centralized exchanges, decentralized exchanges, and other intermediaries or platforms designed for buying Tron (TRX).
Trading fees are included in the transaction total and displayed before you finalize your trade, so you always know what you’ll pay. Please visit Newton's Fees page for the most current information on stablecoin fees.
Newton prioritizes user security with new device registration, login history monitoring, anti-phishing protection, multi-factor authentication, and institutional-grade custody, storing most assets in insured cold storage.
Newton makes it affordable to buy and sell Tron, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton’s intuitive app and web platform let you trade stablecoins effortlessly on any device. Available on web, iOS, and Android devices.
Registered with the OSC and compliant with Canadian Securities Administrators (CSA) regulations.
As a Canadian-based platform, Newton provides a secure and reliable environment for Canadians to trade Tron and other cryptocurrencies. Newton’s emphasis on security and ease of use makes it a trusted platform for cryptocurrency trading in Canada.
Visit Newton's signup page or download the app (available on iOS and Android) to create your account. Complete the quick and secure verification process using your government-issued ID to unlock full access to the platform.
Deposit funds into your Newton account using one of the following methods:
Interac e-Transfer: A fast and convenient way to fund your account, with deposits typically processed instantly or within 2 hours.
Wire Transfer: Suitable for larger transactions. Wire transfers may take up to 3 business days to process.
Navigate to the trading section to begin.
Choose a stablecoin (USDC) from available cryptocurrencies. Enter the amount of stablecoins you want to purchase in Canadian dollars (CAD) or in stablecoins. You'll see all fees and the exchange rate before confirming your trade. Confirm your trade details to complete the transaction. Your stablecoins will be available in your Newton wallet immediately after purchase.
Identify an Exchange: Choose a cryptocurrency exchange that lists Tron (TRX).
Obtain Your Wallet Address: Get your stablecoin wallet address from the receiving exchange with USDC
Withdraw from Newton: On Newton, go to Withdraw and select the stablecoin you wish to transfer.
Enter Wallet Address: Input the stablecoin wallet address you obtained.
Confirm Transfer: Double-check the wallet address to avoid errors, then confirm the transaction.
Tip: Start with a small test transaction before sending larger amounts.
Wait for Completion: The transfer may take a few minutes to complete, depending on network congestion.
Access the Exchange: Log in to the exchange where you transferred your stablecoins.
Convert Stablecoins to TRX: Follow the exchange's process to swap your stablecoins for Tron (TRX).
You can also transfer your Tron (TRX) tokens to an external wallet. These include hardware wallets, which are physical devices that store your Tron offline, and software wallets, which are digital applications(desktop, mobile, or web-based applications) for storing and managing your Tron (TRX).
Newton provides secure, institutional-grade custody for your TRX. Most assets are stored offline in cold storage to protect against potential risks and are insured for added protection. You can easily access your Tron coins for trading or selling whenever you choose.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
