What is gone from one place shows up in the other. This law of energy conservation works well in the cryptocurrency markets, too. So, after the devastating increase in Ethereum’s gas fee, many users and DAaps’ developers moved to alternative blockchains. Of course, the Binance Smart Chain and its BNB coin have become the primary beneficiaries of crypto projects’ mass migration. However, another side that rode that wave was the TRON blockchain with its TRX coin. Continue reading to learn more about TRON’s network, inflation, and how to mint TRX cryptocurrency. Also, you’ll find a guide on how to trade TRX coins on the Tokpie exchange.
Update: User can deposit, trade, and withdraw TRX (TRC20) on Tokpie exchange starting from September 02, 2024.
What’s TRON?
Tron is a decentralized blockchain platform. It aims to revolutionize the distribution and consumption of digital content across the internet. Justin Sun, an entrepreneur, established Tron in 2017. The platform seeks to eliminate intermediaries like streaming services, app stores, and content distribution platforms. As a result, it empowers creators and users with direct control over their content and data.
Tron operates on a delegated proof-of-stake (DPoS) consensus mechanism. This approach ensures high scalability, fast transaction speeds, and minimal energy consumption. Furthermore, the Tron blockchain supports various decentralized applications (dApps) and smart contracts. Developers can build and deploy complex applications without relying on centralized entities.
Tron has also expanded its ecosystem by acquiring BitTorrent, the world’s largest decentralized file-sharing protocol. This acquisition further enhances its capability to enable seamless sharing of data and content. With a focus on high performance, user-friendliness, and accessibility, Tron aims to reshape the digital entertainment industry. Additionally, it seeks to drive the adoption of blockchain technology on a global scale.
Sun Network
The Tron ecosystem has gotten the Sun Network sidechain thanks to the recent update. Such a side chain helps DApps operate on TRON with lower energy consumption, faster speed, and enhanced safety, providing unlimited capacity for TRON’s network. For example, a sender pays only a tiny fraction of the mainchain’s cost when transferring through Sun Network.
What’s the TRX coin?
Tron (TRX) is a well-known cryptocurrency. It powers the decentralized ecosystem of the Tron blockchain. The platform focuses on building a decentralized internet infrastructure. Justin Sun launched Tron in 2017. The platform aims to facilitate the sharing and consumption of digital content. It eliminates intermediaries, which reduces costs and increases efficiency.
TRX serves as the native currency of the Tron network. It is used for transactions, staking, governance, and rewarding content creators. The TRX token follows the TRC-20 standard. This standard is compatible with the Ethereum ERC-20 format. Therefore, it enables easy integration with other blockchain applications and wallets.
Tron offers high throughput and low transaction fees. These features make it an attractive platform for decentralized applications (dApps), smart contracts, and token issuance. Additionally, the network uses a delegated proof-of-stake (DPoS) consensus mechanism. This mechanism ensures rapid transaction processing and energy efficiency. As a result, Tron stands out as a versatile and scalable solution in the blockchain space.
Currently, Tron continues to gain traction due to its robust performance. Its growing ecosystem also strengthens its position. Therefore, TRX remains a vital asset in the broader cryptocurrency market.
- Token Name: TRON
- Symbol: TRX
- Website
- Token total supply: 86,765,584,702 (constantly updates due to Inflation).
How to mint TRX?
You must complete two steps to start earning TRX coins by minting.
Step 1. Become a Super Representatives (SR) Candidate. Appling to SR will require advance payment of the 9999 TRX fee. Success is not guaranteed.
Step 2. After becoming an SR candidate, you could run a Witness Node. Running a witness node will require hardware with the following minimum parameters: 16 CPU, 32 RAM, and 1 TB HDD.
How much can I earn?
The good news is that your Tron’s Witness Node doesn’t have to produce blocks to earn $TRX. For instance, if you get 1920 votes, earnings are one coin. But if you obtain 100,000 votes, the profit will be seven coins. So, output from votes can be 1-7 Tronix. The general formula is
Daily Vote Reward = Total Vote Reward (460,800) * % of Votes
Moreover, your profits can be higher if your node is elected. So, you also get block rewards due to the formula: Total Rewards = Vote Reward x brokerage ratio+ Block Reward x brokerage ratio, where the ratio is 20% by default.
What’s TRX inflation rate?
As for now, the total TRON supply is 101,825,507,541 TRX, and it’s changing every day because of inflation. Such TRX inflation is 1.54% – 1.82% per year. The calculation is simple and consists of two parts: Votes and Block rewards. The first impact on total supply comes from Candidates’ Rewards (Vote Rewards). So, 127 individuals share 1,152,000 $TRX every 6 hours. This part of the reward equals 1,681,920,000 TRX each year. The second part comes from the Super Representatives’ Reward (Block Rewards). Because the TRON Protocol network generates one block every 3 seconds, each block gives 16 TRX to Super Representatives. Therefore, 168,192,000 TRX go to Super Representatives annually.
To summarize, the total supply of 1,850,112,000 coins increases every year. The table below approximates the Tron Inflation rates for 2022 – 2032. Note that sometimes the Tron DAO community decides to burn some coins. Such burnings can, of course, decrease Tronix inflation.
| Year | Total TRON supply | Extra coins | TRX Inflation rate |
| 2022 | 101825507541 | 1850112000 | 1.82% |
| 2023 | 103675619541 | 1850112000 | 1.78% |
| 2024 | 105525731541 | 1850112000 | 1.75% |
| 2025 | 107375843541 | 1850112000 | 1.72% |
| 2026 | 109225955541 | 1850112000 | 1.69% |
| 2027 | 111076067541 | 1850112000 | 1.67% |
| 2028 | 112926179541 | 1850112000 | 1.64% |
| 2029 | 114776291541 | 1850112000 | 1.61% |
| 2030 | 116626403541 | 1850112000 | 1.59% |
| 2031 | 118476515541 | 1850112000 | 1.56% |
| 2032 | 120326627541 | 1850112000 | 1.54% |
How to buy TRX token?
To purchase TRX tokens for USDT do three simple steps:
- Fund your account with USDT. If you don’t have crypto, you can purchase USDT with a bank card in a few minutes.
- Open the TRX/USDT order book and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
- Withdraw TRX tokens to your personal Ethereum (ERC20) wallet or hold them on the account.
How to buy TRON with Bank Card or Apple Pay?
Use your bank card or Apple Pay to obtain TRX altcoins for your local fiat currency.
- Prepare your personal TRX address. You can generate it on Tokpie or the Tron Link wallet.
- Then, enter your wallet and TRX amount here, and press the ‘Continue’ button.
- After getting a confirmation email, check the acceptance of TRX tokens via Tron’s scan.
How to sell TRX tokens?
To sell TRX coins for USDT do three simple steps:
- Deposit TRX tokens into your account.
- Open the TRX/USDT order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
- Withdraw USDT to your TRC20 wallet or hold them on the account.
How to deposit TRX token?
Follow this guide to deposit the TRX token into your Tokpie account. Also, make sure that you are depositing TRC20. So, select the Tron (TRC20) network to generate the TRC-20 address. If you deposit the wrong tokens or the wrong blockchain type, Tokpie will not be able to identify your transfer.
Note: Tokpie doesn’t charge any fees for depositing.
How to withdraw TRX coins?
To withdraw the TRX coins from your Tokpie account, follow these instructions. Besides, you must have a TRC20 wallet address to withdraw tokens. Also, check the withdrawal commission.
Disclaimer
Also, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance.
Useful links to trade TRX coins
- Market to trade Tron coins: TRX/USDT.
- Also, check trade statistics on Tokpie.
- Moreover, find Tokpie’s trade fees and withdrawal commissions.
For any questions, contact Tokpie at https://t.me/tokpie.
