5 reasons to (or not to) invest #4 Tron (TRX)steemCreated with Sketch.

in #crypto7 years ago

Tron has the cryptocurrency Tronix and is based on the blockchain. In contrast to other cryptocurrency, the focus is on the entertainment industry. It is an open source protocol for the digital entertainment industry and aims to create a worldwide free content system for the masses. These are the five reasons for whether or not to go for Tron.

Users get part of the profit +

One of the nice things about Tron is that users of the network are entitled to a share of the profits made there. This happens proportionally, but of course it is linked to certain rules. It is of course the question if you can earn a lot from this, since it is the priority to provide the mass with entertainment and not to make a profit.

Possibility for millions of users soon +

Tron is from the Far East and his CEO, Justin Sun, has also developed the Peiwo app with about 10 million users at the moment. We are currently working on the integration of Tron into the app, so that the system could be used by millions of people right away. This would obviously be good for the popularity and implementation of the platform and the Tronix cryptocurrency.

Solid team +

Tron has a solid team of developers, consultants and investors. This indicates that there is a good chance that it will be a successful project. In addition, Sun would be a protégé of Jack Ma, the founder of the Alibaba group. Ma is currently one of the richest businessmen in China and is known as philanthropist and visionary. He is seen by many as one of the most influential people on earth and in 2017 he was second on the list of Fortune's "World's 50 Greatest Leaders". The fact that he has taken Sun under his wing is therefore quite positive for Tron. He could also use his influence to boost the platform.

High supply of Tron coins -

A disadvantage to Tron is that there is a decent stock of coins. There would be as much as 100 billion Tronix, and many people do not like the fact that there is so much stock for various reasons. Just think of the game of supply and demand. If the supply is higher than the demand, the value of the coins will remain quite low. On the other hand, Tron's goal is to be used on a massive scale worldwide, and then many coins are needed for the network.

Unproven and incomprehensible white paper -

At the moment Tron has not yet proven itself and could be a risky investment. There are many plans, but many have not yet been implemented. Their white paper, which describes, among other things, the policy and other relevant information about Tron, is also rather incomprehensible to many. As a result, many people will be more inclined to wait a while or prefer to go for another cryptocurrency.

These were 5 reasons why or why not to invest in Tron. It's up to you to decide wether or not to invest now. Be sure to check out my last post about Cardano as well: https://steemit.com/cryptocurrency/@jesseve/5-reasons-to-or-not-to-invest-3-cardano-ada and don't forget to follow me for more! :)

Coin Marketplace

STEEM 0.23
TRX 0.26
JST 0.040
BTC 98004.63
ETH 3487.60
USDT 1.00
SBD 3.26