Blockchain Investor Analysis

Tron logo

Tron

TRX
Current Price $0.03 (-1.33%)
The TRON Network is a smart contract-enabled blockchain platform that enables the development of decentralized applications (DApps). The TRX token is required to run DApps on the platform.

Our Rating:

Market

Problem that it solves

TRON wants to 'decentralize the web' and is starting this mission as a smart contract-enabled network for the development of decentralized applications.

Customers

Companies and developers interested in building DApps.

Value creation

The TRX token is required to run DApps on the TRON blockchain. Beyond that, TRX has little value.

Market structure

Content creators, producers, and distributors have been part of the market for a while. It's safe to say that TRON is targeting a niche that isn't going anywhere.

Market size

There is plenty to like about the size of the market TRON wants to disrupt. Content creators grow tired of being force fed through middlemen. Imagine the growth possibilities of providing them with a market of their own.

Regulatory risks

Further government regulation is always possible, especially in countries where internet use is highly regulated.

Average Market Score

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Competitive Advantage

Technology/blockchain platform

The TRX token was initially launched on the Ethereum network as a ERC-20 tokens, but has since moved to its own mainnet. The TRON network is very similar to Ethereum from a technological point of view.

Lead time advantage

The TRON project was launched during the height of the ICO boom in 2017 as another smart contract platforms among many.

Contacts and networks

TRON's founder is well-connected within the industry. His access to key players is virtually unrestricted. He already has the support of many other crypto founders and teams.

Average Competitive Advantage Score

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Management Team

Entrepreneurial Team

Justin Sun is the face of the TRON project. He's proven he's capable of leading Tron through his various successes in the industry.

Industry/technical experience

Justin Sun is a relatively young founder, but he's smart, capable, and educated. While he's new, he shows a lot of promise.

Integrity

Justin Sun has had his fair share of questionable actions and the project has been accused of plagiarizing Ethereum.

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Token Mechanics

Token required

TRX is used to as to fuel the TRON blockchain. Users pay TRX to power smart contracts and decentralized apps on the blockchain.

Value added

The TRX token is effectively a copy of Ethereum's ether (ETH) and has little no value outside of the TRON ecosystem. On the TRON blockchain, it can mainly be used for gambling and gaming DApps.

Decentralized

It was reported in 2019 that the co-founder of Tron admitted it was no longer decentralized as he left the project completely.

Token supply

Total TRON token supply was 100 billion until they burned 1 billion in March of 2019. Now the total supply is 99 billion.

Public exchange

TRX is listed on many of exchanges, including Binance, CoinEx, and HitBTC.

MVP

The TRON blockchain has been up and running since 2018 and hundreds of DApps are operating on it.

Average Token Mechanics Score

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User Adoption

Technical difficulty

TRON has attracted a lot of attention from the market, but it seems to be polarizing. A lot of people don't think it solves an actual problem while others tout Justin Sun for his intelligence and ingenuity.

Halo Effect

Thanks to founder and hypeman, Justin Sun, TRX manages to stay relevant. However, that does not mean it has a good reputation.

Buzz

TRON has a large social media following. People are talking about it, for better or for worse.

Average User Adoption Score

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Overall Score

Weighted Average of the five section scores above

Blockchain Investor Analysis

TRON's mission is to "decentralized the web." For now, however, TRON is positioning itself as a smart contract-enabled blockchain for the development of gambling and gaming. While its founder, Justin Sun, has been doing an excellent job of promoting the blockchain project through a range of partnerships and acquisitions, the network still stands in the shadow of its pioneering predecessor, Ethereum.

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