Trading tip of the day: Tron (TRX)

My tip for today is to buy Tron.

This might look like a strange decision, given the immense growth of the past month, but Tron is still very new. You can only buy it on Binance and some smaller exchanges.

Why buy now?

The timing is based on this announcement of Founder Justin Sun:

What is Tron?

To quote from the whitepaper:

TRON protocol is the blockchain’s entertainment system of free content, in which TRX,
TRON’s coin, is circulated. Its native economic system enables an unprecedented
one-on-one interaction between providers of digital entertainment content and ordinary
users.

TRON is a block chain based decentralized protocol that will act as a foundation for a worldwide entertainment platform.
It has a very ambitious 10 year plan but in the shorter term, this could be a possible scenario on how Tron could be used:

Imagine you play a few games like World of Warcraft, Clash of Clans, ... With Tron, it could be possible to exchange some of your WoW gold into Tronix and then use that Tronix to buy more gold in Clash of Clans.

This is just 1 example on how Tron could be used. The idea is not limited to only games but also live shows, social networks, online casinos, ...

Another goal is to create a platform where the content provider doesn't have to pass via a third-party like Google or Apple to sell its content. In mobile gaming, the freemium model is now very popular, where you can buy stuff inside the app if you want to speed up your growth in the game. Now the game developer has to pay a fee to the platform, either AppStore or Google Play. If digital game assets can be sold on an open, decentralized market, it will be easier for game developers to earn money without having to pay fees.

About the team

Tron is receiving a lot of positive press because of the team behind it.
Founder and CEO Justin Sun used to work for Ripple (XRP) back in 2013. In 2015 he started Peiwo, an app that is now one of the largest audio-based live show platforms in China. Peiwo has 10 million registered users of which 1 million are active monthly.
Tron has already been integrated in Peiwo, created a huge user base for this young technology from the very beginning.

Tron received financial support and approval from some of the biggest names in China, including Tang Binsen, the founder of Clash of Kings, Chaoyong Wang, founder of China Equity Group, Yang Linke, the founder of BTCC.com and Xue Manzi, one of the most famous Angel Investors in China.