RISING STAR Tron price today and how to buy – what is TRX and how does the cryptocurrency work?
What is TRX?
Like Bitcoin, Tron is cryptocurrency which is traded online.
But unlike Bitcoin, it is attached to a new blockchain-based technology that aims to revolutionise the way people consume entertainment.
Tron claims to allow users to freely publish, store and own data – which can create a decentralised content distribution platform.
The company says this will allow it to undercut its centralised competitors like Google Play and Apple's App Store, which charge high fees.
It is based on the technology behind another cryptocurrency – Ethereum.
Tron’s official cryptocurrency is called Tronix (TRX).
What's the price of Tron and how do you buy it?
Tron has been trading since mid-September, and went from strength to strength as the hype around cryptocurrencies exploded.
The cryptocurrency was worth just $0.0021 (£0.0016) for a single unit on December 5.
By January 5, though, its value had soared to over $0.25.
Like other cryptoccurencies, it has suffered in recent weeks – on January 17, it is priced at $0.052 (£0.04).
There are few places where you can buy TRX for real money.
Instead, you need to buy Bitcoin or another cryptocurrency and trade it for TRX.
You can make this trade using an online currency exchange such as Coinnest, Binance or Liqui.
What are some of the risks?
Anyone thinking of investing in Bitcoin or another cryptocurrency should be very careful.
Their values are volatile, with the ability to plummet as quickly as they shoot up