What is the TRX token?
The TRX token is the native cryptocurrency of the TRON blockchain network.
It is used to facilitate transactions on the network, and it is also used to reward users for their contributions to the network. The TRX token was created by Justin Sun, founder of the TRON Foundation, and it was launched in 2017. The TRX token has a total supply of 100 billion tokens, with 65 billion currently in circulation.
The remaining 35 billion tokens are held by the TRON Foundation and are used for development purposes. The token has a deflationary supply model, meaning that new tokens are not created but instead are destroyed when they are used for transactions on the network. This helps to maintain a stable price for the token over time.
The TRX token can be used to pay for goods and services on the TRON network, as well as being traded on various cryptocurrency exchanges. It can also be used to stake in order to earn rewards from participating in governance decisions on the network. Additionally, users can use their TRX tokens to purchase other cryptocurrencies or digital assets on decentralized exchanges such as TronTrade or TronDEX.
