BMC ID 1114

Tron (TRX) Price, Tokenomics, Uses & Risks

Price $0.334426 As of 4m ago
BMC 24h Volume$43,277,733
Markets3
Exchanges3
Last Updated4m ago
Source Count3
Statuslive

Verified Networks and Contract Addresses

TRON (TRX) at a Glance

TRON is a smart-contract blockchain focused on inexpensive transfers and decentralized applications. Native TRX pays fees and can be staked for Bandwidth, Energy, and governance voting power. A limited group of elected Super Representatives produces blocks. Key risks include governance concentration, resource-price changes, smart-contract failures, stablecoin issuer controls, and phishing.

Bounties

No active bounties.

Markets

Tron market sources

Exchange Type Pair BMC ID Quote Price Price USD 24h Volume Last Updated Status Market
Binance CEX TRX/USDT 1114 USDT 0.3344 $0.3344 $26,583,858 4m ago ok Open
HTX CEX TRX/USDT 1114 USDT 0.334461 $0.334461 $13,734,088 4m ago ok Open
Gate CEX TRX/USDT 1114 USDT 0.3345 $0.3345 $2,959,788 4m ago ok Open

About TRON (TRX)

What Is TRON (TRX)?

TRON is a smart-contract blockchain focused on low-cost transfers and decentralized applications. TRX is its native coin. It is used for fees, staking, governance votes, and access to network resources.

How Does TRON Work and What Is TRX Used For?

TRON uses elected Super Representatives to produce blocks. Users can stake TRX to obtain Bandwidth or Energy. Bandwidth covers transaction data. Energy is used for smart-contract execution. Staked TRX also creates voting power. TRX supply changes through block rewards, governance parameters, and fee-burning activity rather than a simple fixed cap.

TRON Security, Control and Risks

TRON offers fast settlement, but its limited block-producer set creates centralization questions. Other risks include smart-contract exploits, governance concentration, resource-price changes, stablecoin issuer controls, and phishing. TRX has no contract on its native chain; wrapped versions on other networks are separate assets.

Frequently Asked Questions About TRON

What are Bandwidth and Energy?

They are resources used to pay for data and contract computation.

Can TRX be staked?

Yes. Staking can provide resources and voting rights.

Is TRX a TRC-20 token?

Native TRX is a coin. TRC-20 is a token standard on TRON.

Sources and Verification

Verified Last reviewed:

Official sources

API

GET https://api.bountymarketcap.com/v1/assets/quotes/latest?id=1114&convert=USD