KuCoin is an asset blockchain exchange that stands out for the adoption of 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 intrinsic cryptocurrency.
Because of its excellent reputation, KuCoin has once again demonstrated its reliability by listing another decentralized protocol called Tron TRX.
Starting today, TRX is available on the KuCoin platform on supported pairs such as TRX / BTC and TRX / ETH.
About Tron Network (TRX)
Tron is a decentralized blockchain-based platform that strives to build an open, global digital content entertainment system with distributed storage technology and enables simple and convenient sharing of content digital.
Tron was founded in September 2017 by a non-profit organization based in Singapore, the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated internal development team that includes major technology stalwarts.
Removal of intermediaries
Using the features of blockchain and peer-to-peer (P2P) network technology, Tron attempts to bridge the gap between content producers and content consumers by eliminating the intermediary. The result is a reduction in the overall costs for the consumer and a collection processed through direct receipts for the content producer, which contributes to a win-win situation.
What Is Tronix (TRX)?
The Tron network uses its own cryptocurrency called Tronix (TRX). You can buy Tronix on bags like Liqui and Binance and exchange them for other cryptocurrencies like ETH or BTC. At the moment the purchase with fiat coins is not likely. It can be stored on portfolios that support the Ethereum blockchain as MyEtherWallet.
Tronix can be used by content users to pay for the content they want to access. These coins would then go to the accounts of the content creators, where they can be exchanged for other cryptocurrencies or can be used to pay for blockchain services.