TRX

SwingNMisses

I hate everything about this bullshit story. Warren never invested. Justin Sun founder for Tron donated TRX tokens to Buffet and they remained on the exchange. As far as we know, those tokens still belong to Sun. This bullshit story is to give Tron more attention by associating a very famous investor. It’s a publicity stunt and nothing more.

hiorea

> In 2020. Justin Sun, the founder of the Tron blockchain, made headlines by gifting 1,930,830 TRX tokens to famous American investor Warren Buffett. > At the time, the value of the gift was around $31,086. By 2024 and the value of those same TRX tokens had jumped by 1,000%, reaching an impressive $289,000. > Later, Sun revealed that Buffett held these TRX tokens for 1,688 days, during which time their value increased by over 1,000%, yielding an average daily return of 0.6%. Now even buffett outtrading me while doom posting

ChulieClash

it seems like picking out projects which actually have strong economic fundamentals is working things like TRX outperforming everything because they have an actual product with traction outside of just speculation good explainer: [https://www.youtube.com/watch?v=bFZJuMb30mA](https://www.youtube.com/watch?v=bFZJuMb30mA)

wgcole01

Tron (TRX) is #9 on CMC. That's all.

Historical-While7396

I am reaching out for urgent assistance regarding my account. My account was de-verified immediately after I staked my Ethereum and TRX. Since then, I have been unable to access my funds. I have already submitted the requested documents, but despite multiple attempts, I have not received any response to my support tickets.

Historical-While7396

I am reaching out for urgent assistance regarding my account. My account was de-verified immediately after I staked my Ethereum and TRX. Since then, I have been unable to access my funds. I have already submitted the requested documents, but despite multiple attempts, I have not received any response to my support tickets. What could ne my options?

SwingNMisses

If you look at the charts long-term, there are only a few cryptos that have experienced tremendous growth. The vast majority of them either lose significant value or cease to exist. Besides the usual suspects (BTC, ETH, SOL, Binance), I also noticed Tron has more than 100x since being released. Perhaps there is a real community backing for TRX which is surprising because it was originally an ERC-20 token. Now I’m far from a believer of Tron. Coinbase still hasn’t listed it and it could be the next LUNA for all I know. Longevity piques my interest and only a few coins have that longevity.

SmartTie3994

Is the wallet you connected even able to receive TRX? Seems like it got send through the trx chain to a wallet that doesn’t support this chain. In that case your funds are unfortunately lost in the blockchain without any chance to recover them. Sorry:(

fatlever2

I exchanged one of my ETH validators and rewards for TRON on Kraken because the success of L2s has reduced the burn and deflationary momentum in ETH. TRON is the only other crypto which has the activity, fees and revenue to support the network letting you earn APY without subsidizing it with inflation. You can earn a 4% APY plus if you stake and sell your energy credits, I am experiencing around 13% APY in TRX tokens which are deflationary. | | | |:-----------|------------:|:------------:| | Inflation Rate |-2.9% | | Staking + Energy Sales | 13.44% | The biggest thing in getting something outside of BTC and ETH is shitcoin stability. If you look at what has happned to TRON after it started going deflationary and the USDT stablecoin volume started increasing every quarter, it has become very stable and appreciating while becoming uncorrelated to BTC. It didn't tank last month but actually gained value while BTC and the rest of crypto tanked. Warning: it also doesn't melt up with the market when BTC goes up. | | | |:-----------|------------:|:------------:| | 1-Year Return | 128% | | Year-To-Date Return | 60% | | 1-Month Return | 28% |

fatlever2

> Nobody cares about that 2018 shitcoin AAVE is also a shitcoin from 2018 that everyone left for dead. Remember, ETHLend then became AAVE and became a massive revenue generating protocol. It's up like 1200% since they launched that site and started generating revenue. And unlike AAVE which is just a governance token, you can directly benefit from the deflation and burning of TRX tokens by earning double digit percentages in TRX tokens by staking and selling "energy." Maybe your crystal ball will find the new shitcoin that will 100X but there are concentrate metrics that indicate that TRON will do well. Maybe not 100X but I've made a bet on 10X or and at the very least I am confident that it won't tank badly. Unless of course, Justin Sun is detained by authorities somewhere lol

Pumpdumpsideways

Yep agree with your post because look at bloody Tron TRX I literally bought in 2017 and sold in 2018 and look it’s about to breach its ATH now in 2024 who would ever thought TRX would do that????

callfckingdispatch

$1 TRX plz 🙏

coinfeeds-bot

tldr; The Tron network has surpassed Solana as the preferred platform for meme coin trading, largely due to the success of its meme coin launchpad, Sunpump, which outperformed Solana's Pump.fun in daily revenue and transactions. This shift has resulted in a significant increase in Tron's decentralized exchange volume, up over 558% in the last week, while Solana's DEX volume declined by over 24%. Consequently, Tron's native token (TRX) saw an 18% price increase, whereas Solana's (SOL) price gained less than 2%. Tron's founder, Justin Sun, hints at further developments and upgrades to accommodate the growing meme coin market on the network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Additional-Ad3482

Given your expertise in Forex and financial markets, you'd likely recognize SunPump as a strategic tool designed to stabilize TRX's liquidity, which can influence market sentiment and price stability. Participation in such initiatives could potentially enhance your portfolio's performance, provided you navigate the associated risks carefully. Understanding the mechanics behind SunPump will allow you to make more informed decisions about whether it complements your overall investment strategy.

coinfeeds-bot

tldr; SunPump, a memecoin launchpad on the Tron blockchain, achieved over $1 million in revenue within 11 days of its launch, amassing over 8 million TRX and launching over 20,000 memecoins. It experienced its highest daily revenue of approximately $400,000 on August 20, with over 6,000 memecoins created that day. Despite facing challenges due to unprecedented traffic, the platform quickly recovered. The launch has significantly impacted liquidity on the Tron blockchain, supported by a $10 million allocation from Sun’s Meme Ecosystem Boost Incentive Program. Tether also minted an additional 1 billion USDT tokens on Tron, contributing to the network's trend. Justin Sun remains bullish on the future of memecoins, emphasizing the importance of community support for their success. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SeriousGains

If you want to be taken more seriously, you should also include coins that don’t fit your thesis, for example TRX.

SeriousGains

TRX/BTC taking off.

LargeSnorlax

Thing is, how do you value a coin with such obvious fake activity as Tron? The entire chain, its TVL, its activity, and its governance is 100% controlled by Justin Sun. Its top dapps are Sun's apps. It runs on Sun's exchanges and all the shady exchanges Sun is handshaking with. 627k addresses doing what? Sending transactions back and forth? 1/4 of their transactions is just Bybit sending stuff back and forth to people. https://tronscan.org/#/address/TU4vEruvZwLLkSfV9bNw12EJTPvNr7Pvaa 500 *pages* of transactions in the last 2 hours. Yeah, that's real activity alright. OKEx is the exact same. https://tronscan.org/#/address/TM1zzNDZD2DPASbKcgdVoTYhfmYgtfwx9R Binance makes up most of the rest, then there's a ton of 0.0000001 TRX transactions and what's left is the meme platform. The funny thing is, I don't even think its a bad bet - It's so heavily manipulated and controlled that it falls slower and rises faster than the rest of the market. I think you could even make money on it, and good money. In a bull run, anything's going to go up. I just don't think any of the metrics listed really matter. Supply, addresses, TVL, revenue, it's all going through the same funnel and all of it is faked for attention and position in the top 100.

fatlever2

I had 3 ETH validators with accured rewards. I unstaked and converted everything in the first validator to BTC in 2022. I planned on doing the same unstaking a 2nd validator last month but ended up adding money and buying around 100K Tron's TRX at $0.125 on the 13th. As of today I am up 20%. Over the years, I've called Justin Sun a scammer every chance he was mentioned. But I spend a lot of time looking at Tron this month and just couldn't ignore the metrics. I think if we have a big bull run, TRX has potential to 10X from here for a big cap with the relative safety of not dropping -90% or being left behind in the run like most Alts. It's about -20% from its January 2018 ATH where it was for only for a couple days and is almost touching its 2021 high of $0.16 where it was for another couple of days. That means every single buyer of the coin is profit and if you look at the metrics it's the most deflationary, revenue generating, active chain in crypto; and is the most adopted around the world in developing countries for stablecoin usage. Kind of the way Doge was meant as a meme making fun of people who think shitcoins will take you to the moon and became staple of crypto. Tron in the same way I believe is a pump and dump shitcoin that now has all the metrics of adoption, usage and tokenomics that every coin with better tech and development teams is trying to achieve. We all avoid and overlook Tron because of Justin Sun. But I am in this shit to make monies. I'll exit if I lose 50%, otherwise I plan to ride this shitcoin to $1MM. RemindMe! 1 Dec 2025 **Deflation** *(Ultra-Sunned Monies)* | April | May | June | July | August | Now |:-----------|:-----------|------------:|:------------:|-----------:|-----------:|-----------:| ETH| 120.07M | 120.10M| 120.14M | 120.19M | 120.25M | 120.29M TRON| 87.7B | 87.5B| 87.3B | 87.1B | 87.0B | 86.99B **Tron supply has dropped from 101B in 2022 to under 87B, a -14% reduction in supply.* **Revenue** | 24H | 7D | 30D | 1Y |:-----------|:-----------|------------:|:------------:|-----------:| ETH| 844K | 8.08M| 52M | 2.16B TRON| 1.2M | 8.67M| 40M | 462M SOL| 940K | 6.3M| 23.5M | 142M **Stablecoin Activity** | Supply | Transfer Vol. | # Transfers | Active Addresses |:-----------|:-----------|------------:|:------------:|-----------:| ETH| 76.9B | 23.2B| 276K | 85K TRON| 58.75B | 18.7B| 2.1M | 627K SOL| 3.82B | 5.02B| 3.5M | 95K **Cons:** - Justin Sun's reputation - How much TRON does Justin Sun still have to dump? - SEC's current lawsuit. Unknown outcome and implications. - Stablecoin volume in TRON is all USDT but there has been USDT collapse concerns since 2017 - TRON DAO manipulates prices to stablize coin and protect it against shorts - Declining TVL

coinfeeds-bot

tldr; Justin Sun, founder of Tron, predicts the blockchain will soon host a meme coin with a market cap over $1 billion, as the SunPump platform gains traction. SunPump has launched over 5,500 meme coins, generating significant revenue in TRX. Tron's advantages include a large liquidity pool of $60 billion in TRON USDT, fast and cost-effective transactions, and native MEV protection. Despite competition and concerns over the meme coin trend's longevity, Sun remains optimistic about Tron's potential in the meme coin market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ulptthrowaway2016

The top 10 cryptocurrencies ( except stablecoins ) by trading volume in the last 30 days: 1. ⁠$BTC - $436,68B 2. ⁠$ETH - $237,47B 3. ⁠$BNB - $50,80B 4. ⁠$SOL - $36,52B 5. ⁠$XRP - $13,88B 6. ⁠$PEPE - $13,03B 7. ⁠$DOGE - $8,84B 8. ⁠$WIF - $7,12B 9. ⁠$TRX - $6,51B 10. ⁠$LTC - $6,18B BTC + the newer coins on this chart is the golden play for this cycle.

ulptthrowaway2016

The top 10 cryptocurrencies ( except stablecoins ) by trading volume in the last 30 days: 1. $BTC - $436,68B 2. $ETH - $237,47B 3. $BNB - $50,80B 4. $SOL - $36,52B 5. $XRP - $13,88B 6. $PEPE - $13,03B 7. $DOGE - $8,84B 8. $WIF - $7,12B 9. $TRX - $6,51B 10. $LTC - $6,18B BTC + the newer coins on this chart is the golden play for this cycle

SwingNMisses

For those that don’t want to click on the link, this is the jist of it: Trader ‘TEP7…T1da’ has spent 5,000 TRX, worth $650, to purchase 6.87 million Sundog (SUNDOG), after which they sold 4.57 million SUNDOG for 522,840 TRX, worth $68,000, thus earning 517,849 TRX, or $67,300, according to the data shared by Lookonchain in an X post on August 16. As the blockchain analytics platform pointed out, these trades took place over the course of a mere seven hours, during which the crypto trader made a 104 times return on their investment, and they are still holding 2.29 million SUNDOG, worth $76,000 in unrealized profits.

coinfeeds-bot

tldr; A crypto trader turned $650 into $67,300 in just seven hours by trading meme coins on the Tron network. The trader bought 6.87 million Sundog (SUNDOG) coins for 5,000 TRX ($650) and sold 4.57 million SUNDOG for 522,840 TRX ($68,000), achieving a 104 times return on investment. They still hold 2.29 million SUNDOG, worth $76,000 in unrealized profits. Sundog's price surged by 77,296.84% on its daily chart, highlighting the volatile nature of meme coins and the potential for significant profits, albeit with high risk. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

_Jimmy_Rustler

Since 30 days ago: BTC ▼6% ETH ▼20% BNB ▼12% SOL ▼8% XRP ▲9% DOGE ▼16% TON ▼30% ADA ▼15% TRX ▼6% Posts on r/cc: "SOL is down you guys!"

HSuke

Please stop making up bullshit. These are the biggest ones. Some are down, but most are still up. * BTC: up 23% * ETH: up 4% * BNB: up 48% * SOL: up 20% * XRP: down 26% * DOGE: up 3% * ADA: down 54% * TRX: up 20% * TON: up 137%

prodshebi

Looks like these scammers are running a TRX charity instead of a wallet, giving new meaning to "you can't take it with you"

njamimaranga

You have WIF . you bought WIF at $4 in March and it's currently $2 now . The percentage LOSS is 100% Loss / current price x100 And if WIF goes from $2 to $4 that's not 50% but 100% Most ALT Coins are down more than 150% . It's only BTC and TRX that are maybe 30% down

sgtslaughterTV

This is the best way. And please do not make any offensive remarks to the scammers. Do not try to "bait" them by saying "Yo I just sent 50 bucks of ETH / MATIC / TRX" because this could make crypto newbies think "Oh I should try this some time."

coinfeeds-bot

tldr; HTX, advised by Justin Sun, faces scrutiny over its reserves and Sun's control. Despite Sun's denial of controlling HTX, his involvement deepened after its acquisition by About Capital Management. Concerns arise as HTX's proof-of-reserves reveals a significant portion of its USDT reserves replaced with stUSDT, a Sun-connected project. Additionally, HTX's handling of assets like TRX and WBTC, and the opaque governance of Sun-affiliated protocols, raise questions about the exchange's solvency and the safety of user assets. HTX also faces criticism for misleading statements about past security incidents. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Crypto tycoon Justin Sun, associated with Tron (TRX) and Huobi (HTX), has been linked to addresses that have accumulated billions in Ethereum (ETH) since February. On July 13, one such address withdrew 14,436 ETH, worth $45.51 million, from Binance. This follows a $45 million Tether USD (USDT) deposit to the exchange three days prior. Since February 8, addresses linked to Sun have reportedly accumulated 377,188 ETH, costing $1.15 billion, and currently hold $50 million in unrealized profit, a 4.4% gain. Sun's recent Ethereum transactions have sparked speculation about his market intentions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SeriousGains

TRX. Most undervalued alt in the top 10.

Injokerlord

I wonder if there are effects in TRX on this one

--mrperx--

You can stake TRX to get brandwidth and energy. Just taking a look at the chain explorer , most accounts have a history that a bot would have. It's pretty easy. The people who make Tron have a lot of TRX, they build bots to pump the traffic. It's pretty much free for them to do it. The bots stake, get free energy and brandwidth and boom, the chain looks like it's used. So they can get investors to buy the tokens.

Zarod89

"Sun’s company TRON pushed for TRX to finish its token sale a day before the ICO ban came into place, a clear indication that he knew the ban was coming. Which is where Binance CEO Changpeng Zhao comes in. The Verge reported that a former employee was aware that Zhao had tipped off Sun about the upcoming ICO ban, leading Sun to push for TRX token sales. What’s more, after this, Sun immediately jumped a flight to San Francisco in a bid to avoid arrest from officials after the sales." These guys are all one and the same type of shady.

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

CointestMod

#TRON Pro-Arguments Below is a TRON pro-argument written by a deleted user. > ##**PROs** > > **Disclaimer**: There is little reliable information about Tron that isn't from Tron DAO or Justin Sun interviews. The official [Tron DAO Medium](https://trondao.medium.com/) site doesn't provide links to sources in the blog, making it harder to fact check and analyze. Many of its sources are from Weibo posts that are inaccessible beyond the Great Firewall of China. Tron's documentation and community posts provide way less information than that of other major blockchain projects. Nevertheless, I'm make do with what I can get. > > ####**Performance and Consensus** > > **High throughput and fast finality** > > Blocks are produced every 3s with a max size of 2M bytes. Consensus is completed using DPoS with a fault tolerance of 70% (9/27) Super Respresentatives that act as validators. There are over 350 SR/validator candidates who vote on the 27 SRs each 6 hours. > > - **High Throughtput**: **Tron can reach a max throughput of 2600 TPS with full 2M blocks** and its current balance of actual transactions, which is really high for an EVM-compatible blockchain. > - My calculations used [Tronscan data](https://tronscan.org/#/blockchain/blocks): Basic TRX and token transfers use 250-500 Bandwidth. The current average bandwidth for each transaction is currently 298, which is not that much higher than the lower end for basic transactions. > - Each bandwidth is 0.850 bytes, so you can fit 7800 average transactions in a single 3s block. Tron officially claims that it can reach 2000 TPS, so they're giving a conservative estimate. > - Even filled with 350-550 bandwidth swaps for [SunswapV2Router02](https://tronscan.org/#/contract/TKzxdSv2FZKQrEqkKVgp5DcwEXBEKMg2Ax/transactions), that's 1400 TPS on the lower end. That's way faster swaps than [everything other than Algorand](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581). > - The tradeoff is that consensus is highly centralized (only 27 validators), and that the validators have very high requirements like having 32 CPU cores and 64GB of memory. > - In comparison, Ethereum's Layer 1 in comparison, can only do ~15 TPS average (59 TPS for basic transfers, 7 TPS for Uniswap v3 swaps). > - **Fast Finality in 3s**: All 27 SRs are currently playing friendly with each other, so for all practical purposes, finality is in 3 seconds. (Deterministic finality occurs every 27 blocks, or 81 seconds). > > **Network Energy usage** > > Tron's estimated annual energy usage for 2022 is estimated to be 1.7 kWh, or the **energy usage of [15 average US households](https://decrypt.co/108115/tron-network-energy-use-matches-that-of-15-us-households-ccri-report)**. This puts it slightly lower than the consumption of Avalanche, Algorand, Cardano, and Solana's networks. Its carbon footprint is also 4x lower than the others. And it uses 100000x less energy than Bitcoin. > > ####**Ease of Basic Utility** > > **Transaction fees are covered for FREE by freezing TRX** > > Tron has a unique design for transaction fees instead of using gas. Transactions fees are divided into bandwidth (pays for data bytes) and energy (pays for computations). All transactions require bandwidth while only contracts need energy. > > The benefit is that you get **FREE bandwidth and energy by freezing TRX**, a process similar to staking. You currently receive about 28 energy and 1 bandwidth daily [per frozen TRX](https://tronstation.io/calculator). Basic smart contracts use 350 Bandwidth (requires freezing 330 TRX) and 14.7K energy (requires staking 520 TRX). At current TRX prices, **if you freeze $2500 worth of TRX, you could perform 100 free basic transactions daily**. In addition, each account receives [1.5 kb of bandwidth daily](https://developers.tron.network/docs/resource-model) (originally 5 kb) for free even without freezing TRX, which is good for ~5 transactions. Though I suspect users can abuse this by creating new accounts. > > Any transaction fees in excess of the free energy and bandwidth are burned. This is why TRX is **currently deflationary by ~0.3% annually** (excluding burns for the USDD minting process). > > **Settlement layer for Tether** > > According to Blockchain's [Sep 2022 interview with Justin Sun](https://podcasts.apple.com/us/podcast/exploring-tron-with-justin-sun-and-blockchain-com/id1536699961), **the original purpose of Tron was to act as a stablecoin settlement network and reserve network for Tether** (USDT). Sure enough, the bulk of DeFi on Tron's network deal with stablecoins. As of Sep 2022, [45% of Tether is now held on Tron](https://defillama.com/stablecoin/tether). And with Ethereum transaction fees being so high, Tron has become an attractive platform for USDT dApps. > > ####**DeFi Usages** > > **Smart Contracts** > > Tron's VM (TVM) is EVM-compatible and uses Solidity for the smart contract language. It is also Turing-complete. Thus, it's simple to rewrite EVM contracts for TVM. > > - **Tron's [DeFi TVL is massive at $5.4B](https://defillama.com/chains), putting at 3rd place after Binance Smart Chain**. > - Though it is a bit suspicious though that 99% of Tron's DeFi TVL are on 3 projects that are literally named after Justin Sun, though that could just be because it's very new. In comparison, Ethereum's DeFi is spread over hundreds of dApps. > - Tron SUN's [Liquidity Pool](https://sun.io/#/home) provides very high interest for USDD-USDT pairs at 5-70% APY. Back in June-July, you could gain triple-digit APY on Tron DeFi with stablecoins while the governance rewards boosts were still active. > > ####**Sustainable Tokenomics for TRX** > > - TRX's tokenomics have a steady, permanent issuance for validators, so it's **sustainable**. All transaction fees are burned. This isn't too different than Ethereum's tokenomics model (other than that Ethereum only burns part of the fee). > - TRX has a total circulating supply of about 92B, which is noticeably lower than their highest supply of 102B before the TRX-to-USDD minting protocol. TRX suddenly became [deflationary on Oct 27, 2021](https://tronscan.org/#/data/stats2/circulation). Supply has fallen about 10% since then due to token burns, making **TRX one of the most deflationary cryptocurrency in the top 30**. > - If we ignore the token burns from USDD minting, each day, ~5M TRX is minted, ~6M is burned (from transaction fees). **This gives net issuance of 1M TRX burned daily, or 0.3% annual deflation.** > > **Good TRX price action during the bear market** > > Tron's native token, TRX, is currently #15 in marketcap as of Sept 2022 with a [marketcap of $6B](https://www.coingecko.com/en/coins/tron). Its value has held up surprisingly well during the bear market, barely falling 50% while the rest of cryptocurrencies fell closer to 70-90%. **TRX is up 2x vs Bitcoin over the past year** during the bear market, pumping especially hard right around the launch of USDD and introduction of major staking and governance boost projects. > > ####**USDD, a hybrid stablecoin without UST's flaws?** > > **USDD is a hybrid collateralized/algorithmic (seigniorage) stablecoin** launched in May 2022 on Tron's network. It is one of the biggest focuses on the Tron roadmap. It was originally designed as a purely-algorithmic stablecoin based on Terra's now-failed Luna and UST stablecoin. After the collapse of Luna UST, the Tron DAO Reserve (TDR) made several changes to USDD to avoid a similar failure: > > **Differences between UST and USDD** > > 1. The biggest difference is that USDD is 300% collateralized with 11B TRX, 14K BTC, 100M USDT, and 1M USDC [Source](https://usdd.io/). **This makes USDD one of the most collateralized stablecoins.** In comparison, DAI is only 120% collateralized, and USDT and USDC are only 100% collateralized. > 1. TDR controls how much USDD can be minted or redeemed, so it's not purely algorithmic. Thus, TDR has full power to stop it from crashing. > 1. USDD will be released in multiple phases. The current phase only allows for a minting of 2B USDD. This is to limit USDD from growing astronomically quickly like with UST. [[Source](https://trondao.medium.com/improving-usdd-from-lessons-learned-e2600d7f94ad)] > 1. You're probably wondering what's the catch. There is a Peg Stability Module (PSM) that allows minting of USDD by burning TRX. You can current burn TRX for minting USDD, but **you cannot redeem USDD for TRX** [[source](https://twitter.com/TheImmutable/status/1536930692344401921)]. There is no liquidity on any of the [PSM smart contracts](https://docs.usdd.io/psm/the-psm#psm-contracts) to trade USDD for anything else. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

Beechbone22

DOT, ADA, BCH, LTC, TRX and XRP on a tier list in 2024, yikes.

diwalost

Last I heard, he holds a lot of TRX coins and selling them would plummet the price so he devised a new plan. He deposits TRX as collateral and minta USDD. And he is not the only one doing this, there are many such founders who are doing similar kind of things

SonnyJackson27

Not much attention then, if you don’t remember the FTX debacle involving TRX https://www.reddit.com/r/CryptoCurrency/s/ewIPmMA78c

CointestMod

#TRON Pro-Arguments Below is a TRON pro-argument written by a deleted user. > ##**PROs** > > **Disclaimer**: There is little reliable information about Tron that isn't from Tron DAO or Justin Sun interviews. The official [Tron DAO Medium](https://trondao.medium.com/) site doesn't provide links to sources in the blog, making it harder to fact check and analyze. Many of its sources are from Weibo posts that are inaccessible beyond the Great Firewall of China. Tron's documentation and community posts provide way less information than that of other major blockchain projects. Nevertheless, I'm make do with what I can get. > > ####**Performance and Consensus** > > **High throughput and fast finality** > > Blocks are produced every 3s with a max size of 2M bytes. Consensus is completed using DPoS with a fault tolerance of 70% (9/27) Super Respresentatives that act as validators. There are over 350 SR/validator candidates who vote on the 27 SRs each 6 hours. > > - **High Throughtput**: **Tron can reach a max throughput of 2600 TPS with full 2M blocks** and its current balance of actual transactions, which is really high for an EVM-compatible blockchain. > - My calculations used [Tronscan data](https://tronscan.org/#/blockchain/blocks): Basic TRX and token transfers use 250-500 Bandwidth. The current average bandwidth for each transaction is currently 298, which is not that much higher than the lower end for basic transactions. > - Each bandwidth is 0.850 bytes, so you can fit 7800 average transactions in a single 3s block. Tron officially claims that it can reach 2000 TPS, so they're giving a conservative estimate. > - Even filled with 350-550 bandwidth swaps for [SunswapV2Router02](https://tronscan.org/#/contract/TKzxdSv2FZKQrEqkKVgp5DcwEXBEKMg2Ax/transactions), that's 1400 TPS on the lower end. That's way faster swaps than [everything other than Algorand](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581). > - The tradeoff is that consensus is highly centralized (only 27 validators), and that the validators have very high requirements like having 32 CPU cores and 64GB of memory. > - In comparison, Ethereum's Layer 1 in comparison, can only do ~15 TPS average (59 TPS for basic transfers, 7 TPS for Uniswap v3 swaps). > - **Fast Finality in 3s**: All 27 SRs are currently playing friendly with each other, so for all practical purposes, finality is in 3 seconds. (Deterministic finality occurs every 27 blocks, or 81 seconds). > > **Network Energy usage** > > Tron's estimated annual energy usage for 2022 is estimated to be 1.7 kWh, or the **energy usage of [15 average US households](https://decrypt.co/108115/tron-network-energy-use-matches-that-of-15-us-households-ccri-report)**. This puts it slightly lower than the consumption of Avalanche, Algorand, Cardano, and Solana's networks. Its carbon footprint is also 4x lower than the others. And it uses 100000x less energy than Bitcoin. > > ####**Ease of Basic Utility** > > **Transaction fees are covered for FREE by freezing TRX** > > Tron has a unique design for transaction fees instead of using gas. Transactions fees are divided into bandwidth (pays for data bytes) and energy (pays for computations). All transactions require bandwidth while only contracts need energy. > > The benefit is that you get **FREE bandwidth and energy by freezing TRX**, a process similar to staking. You currently receive about 28 energy and 1 bandwidth daily [per frozen TRX](https://tronstation.io/calculator). Basic smart contracts use 350 Bandwidth (requires freezing 330 TRX) and 14.7K energy (requires staking 520 TRX). At current TRX prices, **if you freeze $2500 worth of TRX, you could perform 100 free basic transactions daily**. In addition, each account receives [1.5 kb of bandwidth daily](https://developers.tron.network/docs/resource-model) (originally 5 kb) for free even without freezing TRX, which is good for ~5 transactions. Though I suspect users can abuse this by creating new accounts. > > Any transaction fees in excess of the free energy and bandwidth are burned. This is why TRX is **currently deflationary by ~0.3% annually** (excluding burns for the USDD minting process). > > **Settlement layer for Tether** > > According to Blockchain's [Sep 2022 interview with Justin Sun](https://podcasts.apple.com/us/podcast/exploring-tron-with-justin-sun-and-blockchain-com/id1536699961), **the original purpose of Tron was to act as a stablecoin settlement network and reserve network for Tether** (USDT). Sure enough, the bulk of DeFi on Tron's network deal with stablecoins. As of Sep 2022, [45% of Tether is now held on Tron](https://defillama.com/stablecoin/tether). And with Ethereum transaction fees being so high, Tron has become an attractive platform for USDT dApps. > > ####**DeFi Usages** > > **Smart Contracts** > > Tron's VM (TVM) is EVM-compatible and uses Solidity for the smart contract language. It is also Turing-complete. Thus, it's simple to rewrite EVM contracts for TVM. > > - **Tron's [DeFi TVL is massive at $5.4B](https://defillama.com/chains), putting at 3rd place after Binance Smart Chain**. > - Though it is a bit suspicious though that 99% of Tron's DeFi TVL are on 3 projects that are literally named after Justin Sun, though that could just be because it's very new. In comparison, Ethereum's DeFi is spread over hundreds of dApps. > - Tron SUN's [Liquidity Pool](https://sun.io/#/home) provides very high interest for USDD-USDT pairs at 5-70% APY. Back in June-July, you could gain triple-digit APY on Tron DeFi with stablecoins while the governance rewards boosts were still active. > > ####**Sustainable Tokenomics for TRX** > > - TRX's tokenomics have a steady, permanent issuance for validators, so it's **sustainable**. All transaction fees are burned. This isn't too different than Ethereum's tokenomics model (other than that Ethereum only burns part of the fee). > - TRX has a total circulating supply of about 92B, which is noticeably lower than their highest supply of 102B before the TRX-to-USDD minting protocol. TRX suddenly became [deflationary on Oct 27, 2021](https://tronscan.org/#/data/stats2/circulation). Supply has fallen about 10% since then due to token burns, making **TRX one of the most deflationary cryptocurrency in the top 30**. > - If we ignore the token burns from USDD minting, each day, ~5M TRX is minted, ~6M is burned (from transaction fees). **This gives net issuance of 1M TRX burned daily, or 0.3% annual deflation.** > > **Good TRX price action during the bear market** > > Tron's native token, TRX, is currently #15 in marketcap as of Sept 2022 with a [marketcap of $6B](https://www.coingecko.com/en/coins/tron). Its value has held up surprisingly well during the bear market, barely falling 50% while the rest of cryptocurrencies fell closer to 70-90%. **TRX is up 2x vs Bitcoin over the past year** during the bear market, pumping especially hard right around the launch of USDD and introduction of major staking and governance boost projects. > > ####**USDD, a hybrid stablecoin without UST's flaws?** > > **USDD is a hybrid collateralized/algorithmic (seigniorage) stablecoin** launched in May 2022 on Tron's network. It is one of the biggest focuses on the Tron roadmap. It was originally designed as a purely-algorithmic stablecoin based on Terra's now-failed Luna and UST stablecoin. After the collapse of Luna UST, the Tron DAO Reserve (TDR) made several changes to USDD to avoid a similar failure: > > **Differences between UST and USDD** > > 1. The biggest difference is that USDD is 300% collateralized with 11B TRX, 14K BTC, 100M USDT, and 1M USDC [Source](https://usdd.io/). **This makes USDD one of the most collateralized stablecoins.** In comparison, DAI is only 120% collateralized, and USDT and USDC are only 100% collateralized. > 1. TDR controls how much USDD can be minted or redeemed, so it's not purely algorithmic. Thus, TDR has full power to stop it from crashing. > 1. USDD will be released in multiple phases. The current phase only allows for a minting of 2B USDD. This is to limit USDD from growing astronomically quickly like with UST. [[Source](https://trondao.medium.com/improving-usdd-from-lessons-learned-e2600d7f94ad)] > 1. You're probably wondering what's the catch. There is a Peg Stability Module (PSM) that allows minting of USDD by burning TRX. You can current burn TRX for minting USDD, but **you cannot redeem USDD for TRX** [[source](https://twitter.com/TheImmutable/status/1536930692344401921)]. There is no liquidity on any of the [PSM smart contracts](https://docs.usdd.io/psm/the-psm#psm-contracts) to trade USDD for anything else. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

iamjide91

No doubt, no doubt. I once said we need blockchain unification, and someone disagreed. His opinion is that we need individual blockchains to flex their muscles and people should be able to choose what product they want. But the truth is, from the stats, every blockchain wants to connect. BTC to ETH, TRX to SOL, and this is actually working out. This is why I support the IBC everywhere's mission too.

coinfeeds-bot

tldr; In a recent shakeup of the top 10 cryptocurrencies excluding stablecoins, Tron (TRX) has overtaken Shiba Inu (SHIB) for the 10th spot. This change comes after Tron experienced a 4.3% gain, while Shiba Inu saw a 5.8% decline over the past week. Other notable movements include Avalanche (AVAX) as the biggest gainer with a 9.5% increase, and Solana (SOL) with a 5% rise. The cryptocurrency market continues to show volatility, with only 4 of the top 10 cryptocurrencies experiencing price increases this week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

fan_of_hakiksexydays

I'm glad people on r/cc still remember what happened with Tron in the past 6 years and what a shit show it has been. I bought TRX in 2018, buying into the promises. This is one of the projects that taught me to read between the lines, and not just take white papers and the words of the team for granted.

LitmusPitmus

tbh TRX has more utility than Shib does. Very widely used for tether

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

CointestMod

#TRON Pro-Arguments Below is a TRON pro-argument written by a deleted user. > ##**PROs** > > **Disclaimer**: There is little reliable information about Tron that isn't from Tron DAO or Justin Sun interviews. The official [Tron DAO Medium](https://trondao.medium.com/) site doesn't provide links to sources in the blog, making it harder to fact check and analyze. Many of its sources are from Weibo posts that are inaccessible beyond the Great Firewall of China. Tron's documentation and community posts provide way less information than that of other major blockchain projects. Nevertheless, I'm make do with what I can get. > > ####**Performance and Consensus** > > **High throughput and fast finality** > > Blocks are produced every 3s with a max size of 2M bytes. Consensus is completed using DPoS with a fault tolerance of 70% (9/27) Super Respresentatives that act as validators. There are over 350 SR/validator candidates who vote on the 27 SRs each 6 hours. > > - **High Throughtput**: **Tron can reach a max throughput of 2600 TPS with full 2M blocks** and its current balance of actual transactions, which is really high for an EVM-compatible blockchain. > - My calculations used [Tronscan data](https://tronscan.org/#/blockchain/blocks): Basic TRX and token transfers use 250-500 Bandwidth. The current average bandwidth for each transaction is currently 298, which is not that much higher than the lower end for basic transactions. > - Each bandwidth is 0.850 bytes, so you can fit 7800 average transactions in a single 3s block. Tron officially claims that it can reach 2000 TPS, so they're giving a conservative estimate. > - Even filled with 350-550 bandwidth swaps for [SunswapV2Router02](https://tronscan.org/#/contract/TKzxdSv2FZKQrEqkKVgp5DcwEXBEKMg2Ax/transactions), that's 1400 TPS on the lower end. That's way faster swaps than [everything other than Algorand](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581). > - The tradeoff is that consensus is highly centralized (only 27 validators), and that the validators have very high requirements like having 32 CPU cores and 64GB of memory. > - In comparison, Ethereum's Layer 1 in comparison, can only do ~15 TPS average (59 TPS for basic transfers, 7 TPS for Uniswap v3 swaps). > - **Fast Finality in 3s**: All 27 SRs are currently playing friendly with each other, so for all practical purposes, finality is in 3 seconds. (Deterministic finality occurs every 27 blocks, or 81 seconds). > > **Network Energy usage** > > Tron's estimated annual energy usage for 2022 is estimated to be 1.7 kWh, or the **energy usage of [15 average US households](https://decrypt.co/108115/tron-network-energy-use-matches-that-of-15-us-households-ccri-report)**. This puts it slightly lower than the consumption of Avalanche, Algorand, Cardano, and Solana's networks. Its carbon footprint is also 4x lower than the others. And it uses 100000x less energy than Bitcoin. > > ####**Ease of Basic Utility** > > **Transaction fees are covered for FREE by freezing TRX** > > Tron has a unique design for transaction fees instead of using gas. Transactions fees are divided into bandwidth (pays for data bytes) and energy (pays for computations). All transactions require bandwidth while only contracts need energy. > > The benefit is that you get **FREE bandwidth and energy by freezing TRX**, a process similar to staking. You currently receive about 28 energy and 1 bandwidth daily [per frozen TRX](https://tronstation.io/calculator). Basic smart contracts use 350 Bandwidth (requires freezing 330 TRX) and 14.7K energy (requires staking 520 TRX). At current TRX prices, **if you freeze $2500 worth of TRX, you could perform 100 free basic transactions daily**. In addition, each account receives [1.5 kb of bandwidth daily](https://developers.tron.network/docs/resource-model) (originally 5 kb) for free even without freezing TRX, which is good for ~5 transactions. Though I suspect users can abuse this by creating new accounts. > > Any transaction fees in excess of the free energy and bandwidth are burned. This is why TRX is **currently deflationary by ~0.3% annually** (excluding burns for the USDD minting process). > > **Settlement layer for Tether** > > According to Blockchain's [Sep 2022 interview with Justin Sun](https://podcasts.apple.com/us/podcast/exploring-tron-with-justin-sun-and-blockchain-com/id1536699961), **the original purpose of Tron was to act as a stablecoin settlement network and reserve network for Tether** (USDT). Sure enough, the bulk of DeFi on Tron's network deal with stablecoins. As of Sep 2022, [45% of Tether is now held on Tron](https://defillama.com/stablecoin/tether). And with Ethereum transaction fees being so high, Tron has become an attractive platform for USDT dApps. > > ####**DeFi Usages** > > **Smart Contracts** > > Tron's VM (TVM) is EVM-compatible and uses Solidity for the smart contract language. It is also Turing-complete. Thus, it's simple to rewrite EVM contracts for TVM. > > - **Tron's [DeFi TVL is massive at $5.4B](https://defillama.com/chains), putting at 3rd place after Binance Smart Chain**. > - Though it is a bit suspicious though that 99% of Tron's DeFi TVL are on 3 projects that are literally named after Justin Sun, though that could just be because it's very new. In comparison, Ethereum's DeFi is spread over hundreds of dApps. > - Tron SUN's [Liquidity Pool](https://sun.io/#/home) provides very high interest for USDD-USDT pairs at 5-70% APY. Back in June-July, you could gain triple-digit APY on Tron DeFi with stablecoins while the governance rewards boosts were still active. > > ####**Sustainable Tokenomics for TRX** > > - TRX's tokenomics have a steady, permanent issuance for validators, so it's **sustainable**. All transaction fees are burned. This isn't too different than Ethereum's tokenomics model (other than that Ethereum only burns part of the fee). > - TRX has a total circulating supply of about 92B, which is noticeably lower than their highest supply of 102B before the TRX-to-USDD minting protocol. TRX suddenly became [deflationary on Oct 27, 2021](https://tronscan.org/#/data/stats2/circulation). Supply has fallen about 10% since then due to token burns, making **TRX one of the most deflationary cryptocurrency in the top 30**. > - If we ignore the token burns from USDD minting, each day, ~5M TRX is minted, ~6M is burned (from transaction fees). **This gives net issuance of 1M TRX burned daily, or 0.3% annual deflation.** > > **Good TRX price action during the bear market** > > Tron's native token, TRX, is currently #15 in marketcap as of Sept 2022 with a [marketcap of $6B](https://www.coingecko.com/en/coins/tron). Its value has held up surprisingly well during the bear market, barely falling 50% while the rest of cryptocurrencies fell closer to 70-90%. **TRX is up 2x vs Bitcoin over the past year** during the bear market, pumping especially hard right around the launch of USDD and introduction of major staking and governance boost projects. > > ####**USDD, a hybrid stablecoin without UST's flaws?** > > **USDD is a hybrid collateralized/algorithmic (seigniorage) stablecoin** launched in May 2022 on Tron's network. It is one of the biggest focuses on the Tron roadmap. It was originally designed as a purely-algorithmic stablecoin based on Terra's now-failed Luna and UST stablecoin. After the collapse of Luna UST, the Tron DAO Reserve (TDR) made several changes to USDD to avoid a similar failure: > > **Differences between UST and USDD** > > 1. The biggest difference is that USDD is 300% collateralized with 11B TRX, 14K BTC, 100M USDT, and 1M USDC [Source](https://usdd.io/). **This makes USDD one of the most collateralized stablecoins.** In comparison, DAI is only 120% collateralized, and USDT and USDC are only 100% collateralized. > 1. TDR controls how much USDD can be minted or redeemed, so it's not purely algorithmic. Thus, TDR has full power to stop it from crashing. > 1. USDD will be released in multiple phases. The current phase only allows for a minting of 2B USDD. This is to limit USDD from growing astronomically quickly like with UST. [[Source](https://trondao.medium.com/improving-usdd-from-lessons-learned-e2600d7f94ad)] > 1. You're probably wondering what's the catch. There is a Peg Stability Module (PSM) that allows minting of USDD by burning TRX. You can current burn TRX for minting USDD, but **you cannot redeem USDD for TRX** [[source](https://twitter.com/TheImmutable/status/1536930692344401921)]. There is no liquidity on any of the [PSM smart contracts](https://docs.usdd.io/psm/the-psm#psm-contracts) to trade USDD for anything else. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

JeopardyQBot

are you just trying to get gas to transfer a stablecoin out of the wallet? if so you can use smol refuel from DefiLlama, which will give you enough gas to make a swap transaction on whatever chain. if you're just trying to buy TRX without kyc, you could try one of the swap services on trocador, but you'll need funds and gas on another chain.

stereotypicaltree

The wallet doesn't need kyc it just needs me to deposit TRX. But I want to buy TRX without kyc not in tronlink

stereotypicaltree

Is there anywhere I can buy TRX without verification I have 62 USD locked in my Tron link wallet because it's not verified so I can't swap or send it anywhere. It says I need to deposit TRX into it to verify it. What the best place to buy TRX without kyc verification?

WINTRX_YEE

WinTRX is a cryptocurrency trend betting platform similar to (BU)(coinryze)(777). Transaction data is connected to Bitcoin transactions in real time. Reward activity 1: 1% of the total transaction reward for the first level, 0.5% of the total transaction reward for the second level, and 0.3% of the total transaction reward for the third level. Reward activity 2: If the new user you invite joins and successfully recharges 10TRX, you will directly receive a reward of 5.88TRX. If you are interested, I will send you the information by telegram.

Zarod89

Feels like BNB or TRX are going to be the next big crash. Something not clean about them. Binance must be behind the majority of market manipulation. CZ, Do Kwon, Justin Sun must have known about each others shenenigans forever. It's like crypto can't mature as long there are shady guys like these behind it.

Mahdadkiyani84

I received my salary for 7 years long in BTC and TRX.

FunktasticFool

You can convert TRX to USDT before withdraw. USDT has low transfer fee. Then you can convert it back to TRX. By the way, how do you know someone else withdraw your TRX? It requires verification like OTP, doesn't it?

krakensupport

Hey u/bmaaaaac, We definitely support TRX even for US residents. To confirm, you can view [all the cryptocurrencies we support here](https://support.kraken.com/hc/en-us/articles/360000678446-Cryptocurrencies-available-on-Kraken) (and the respective networks), and you can view [restrictions per country here](https://support.kraken.com/hc/en-us/articles/360001368823-Where-can-I-use-Kraken-). You should be good to go, my friend. Flora 🐙

robeewankenobee

TRX ... tron, 21 days.

drewster23

Who tf is Pablo? I wouldn't consider tron and usdt to be in the same ball park. On metrics a lone, usdt is 10x bigger than tron MC (100b vs 10b). 24hr Volume ( 50b vs 355m). Justin started tron which was basicall trash in the beginning with a plagerised white paper. Been in numerous controversies and legal trouble. Eg Pushed sale of TRX tokens right before, and flew out of China the day of their ICO ban. (Believed CZ tipped him off) He basically got rich and skirted ramifications by being close to the binance Mafia. Tether is a lot more insidious/engrained into crypto sphere. Was a key/essential part of binance Mafia and those exchanges part of thems', success. Could go in a long winded rant about this but I won't. Regardless of their shadiness, they own billions in Bitcoin, and 72b in USA treasuries (which is more than countries like Mexico, Spain and UAE). It's clever because they're 1.filling a gap/need of us economy/govt to sell off bonds to private institution. 2. Makes it a lot harder to want to prosecute them/risk unraveling that house of cards. Tron could fail and market wouldn't collapse. If usdt failed, it'd be catastrophic to market. Full black winter/black swan eventm. Binance, gate.io, bitget, mexc, pionex, toobit,bybit, okx, kraken. All have udst volume ranging from 100mill-billions.

DuckBeddit

It was a nightmare for me. But luckily I had $4 worth of TRX on Binance and transferred it to my Trust wallet and from there, I sent my funds back to Binance and then chose polygon and transferred it back to my Metamask.

DuckBeddit

Ok...first buy some Trx from any exchange and send it to your Trust wallet(approx $4 worth of TRX). Once you receive the Trx in your trust wallet, you can withdraw your USDT Trc20 to your Coinbase wallet by copying and pasting the USDT trc address. Then you can swap it to whatever coin you wish once it's on Coinbase.

hungryforitalianfood

This is silly. Even if it does fail eventually, SOL won’t fail this cycle. But as of right now, I’d say there’s a better chance of SOL passing ETH than there is of SOL falling to irrelevance like EOS or NEO. Honestly, that comparison is a little dumb. Besides, anyone with a working brain knew NEO and EOS were shitcoins. In even 2017, it was obvious. No one ever built on NEO, the “Ethereum of China” lol. EOS was the real joke though, raising money a million times and delivering nothing. Solana has nothing in common with those two, and very little in common with TRX or Cardano. It’s outperformed everything this cycle, and it probably flirts with $1000 bear the cycle top. Could it become irrelevant in the bear? I mean, yeah it’s possible. But I doubt it. Tron and ADA are a slightly different story. They’re dead as far as narrative goes, but the market cap isn’t.

cryptokingmylo

Wow TRX sure has a lot of TVL 😊 It's all on like 4 DEXs all named after Justin 😔

CointestMod

#TRON Pro-Arguments Below is a TRON pro-argument written by a deleted user. > ##**PROs** > > **Disclaimer**: There is little reliable information about Tron that isn't from Tron DAO or Justin Sun interviews. The official [Tron DAO Medium](https://trondao.medium.com/) site doesn't provide links to sources in the blog, making it harder to fact check and analyze. Many of its sources are from Weibo posts that are inaccessible beyond the Great Firewall of China. Tron's documentation and community posts provide way less information than that of other major blockchain projects. Nevertheless, I'm make do with what I can get. > > ####**Performance and Consensus** > > **High throughput and fast finality** > > Blocks are produced every 3s with a max size of 2M bytes. Consensus is completed using DPoS with a fault tolerance of 70% (9/27) Super Respresentatives that act as validators. There are over 350 SR/validator candidates who vote on the 27 SRs each 6 hours. > > - **High Throughtput**: **Tron can reach a max throughput of 2600 TPS with full 2M blocks** and its current balance of actual transactions, which is really high for an EVM-compatible blockchain. > - My calculations used [Tronscan data](https://tronscan.org/#/blockchain/blocks): Basic TRX and token transfers use 250-500 Bandwidth. The current average bandwidth for each transaction is currently 298, which is not that much higher than the lower end for basic transactions. > - Each bandwidth is 0.850 bytes, so you can fit 7800 average transactions in a single 3s block. Tron officially claims that it can reach 2000 TPS, so they're giving a conservative estimate. > - Even filled with 350-550 bandwidth swaps for [SunswapV2Router02](https://tronscan.org/#/contract/TKzxdSv2FZKQrEqkKVgp5DcwEXBEKMg2Ax/transactions), that's 1400 TPS on the lower end. That's way faster swaps than [everything other than Algorand](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581). > - The tradeoff is that consensus is highly centralized (only 27 validators), and that the validators have very high requirements like having 32 CPU cores and 64GB of memory. > - In comparison, Ethereum's Layer 1 in comparison, can only do ~15 TPS average (59 TPS for basic transfers, 7 TPS for Uniswap v3 swaps). > - **Fast Finality in 3s**: All 27 SRs are currently playing friendly with each other, so for all practical purposes, finality is in 3 seconds. (Deterministic finality occurs every 27 blocks, or 81 seconds). > > **Network Energy usage** > > Tron's estimated annual energy usage for 2022 is estimated to be 1.7 kWh, or the **energy usage of [15 average US households](https://decrypt.co/108115/tron-network-energy-use-matches-that-of-15-us-households-ccri-report)**. This puts it slightly lower than the consumption of Avalanche, Algorand, Cardano, and Solana's networks. Its carbon footprint is also 4x lower than the others. And it uses 100000x less energy than Bitcoin. > > ####**Ease of Basic Utility** > > **Transaction fees are covered for FREE by freezing TRX** > > Tron has a unique design for transaction fees instead of using gas. Transactions fees are divided into bandwidth (pays for data bytes) and energy (pays for computations). All transactions require bandwidth while only contracts need energy. > > The benefit is that you get **FREE bandwidth and energy by freezing TRX**, a process similar to staking. You currently receive about 28 energy and 1 bandwidth daily [per frozen TRX](https://tronstation.io/calculator). Basic smart contracts use 350 Bandwidth (requires freezing 330 TRX) and 14.7K energy (requires staking 520 TRX). At current TRX prices, **if you freeze $2500 worth of TRX, you could perform 100 free basic transactions daily**. In addition, each account receives [1.5 kb of bandwidth daily](https://developers.tron.network/docs/resource-model) (originally 5 kb) for free even without freezing TRX, which is good for ~5 transactions. Though I suspect users can abuse this by creating new accounts. > > Any transaction fees in excess of the free energy and bandwidth are burned. This is why TRX is **currently deflationary by ~0.3% annually** (excluding burns for the USDD minting process). > > **Settlement layer for Tether** > > According to Blockchain's [Sep 2022 interview with Justin Sun](https://podcasts.apple.com/us/podcast/exploring-tron-with-justin-sun-and-blockchain-com/id1536699961), **the original purpose of Tron was to act as a stablecoin settlement network and reserve network for Tether** (USDT). Sure enough, the bulk of DeFi on Tron's network deal with stablecoins. As of Sep 2022, [45% of Tether is now held on Tron](https://defillama.com/stablecoin/tether). And with Ethereum transaction fees being so high, Tron has become an attractive platform for USDT dApps. > > ####**DeFi Usages** > > **Smart Contracts** > > Tron's VM (TVM) is EVM-compatible and uses Solidity for the smart contract language. It is also Turing-complete. Thus, it's simple to rewrite EVM contracts for TVM. > > - **Tron's [DeFi TVL is massive at $5.4B](https://defillama.com/chains), putting at 3rd place after Binance Smart Chain**. > - Though it is a bit suspicious though that 99% of Tron's DeFi TVL are on 3 projects that are literally named after Justin Sun, though that could just be because it's very new. In comparison, Ethereum's DeFi is spread over hundreds of dApps. > - Tron SUN's [Liquidity Pool](https://sun.io/#/home) provides very high interest for USDD-USDT pairs at 5-70% APY. Back in June-July, you could gain triple-digit APY on Tron DeFi with stablecoins while the governance rewards boosts were still active. > > ####**Sustainable Tokenomics for TRX** > > - TRX's tokenomics have a steady, permanent issuance for validators, so it's **sustainable**. All transaction fees are burned. This isn't too different than Ethereum's tokenomics model (other than that Ethereum only burns part of the fee). > - TRX has a total circulating supply of about 92B, which is noticeably lower than their highest supply of 102B before the TRX-to-USDD minting protocol. TRX suddenly became [deflationary on Oct 27, 2021](https://tronscan.org/#/data/stats2/circulation). Supply has fallen about 10% since then due to token burns, making **TRX one of the most deflationary cryptocurrency in the top 30**. > - If we ignore the token burns from USDD minting, each day, ~5M TRX is minted, ~6M is burned (from transaction fees). **This gives net issuance of 1M TRX burned daily, or 0.3% annual deflation.** > > **Good TRX price action during the bear market** > > Tron's native token, TRX, is currently #15 in marketcap as of Sept 2022 with a [marketcap of $6B](https://www.coingecko.com/en/coins/tron). Its value has held up surprisingly well during the bear market, barely falling 50% while the rest of cryptocurrencies fell closer to 70-90%. **TRX is up 2x vs Bitcoin over the past year** during the bear market, pumping especially hard right around the launch of USDD and introduction of major staking and governance boost projects. > > ####**USDD, a hybrid stablecoin without UST's flaws?** > > **USDD is a hybrid collateralized/algorithmic (seigniorage) stablecoin** launched in May 2022 on Tron's network. It is one of the biggest focuses on the Tron roadmap. It was originally designed as a purely-algorithmic stablecoin based on Terra's now-failed Luna and UST stablecoin. After the collapse of Luna UST, the Tron DAO Reserve (TDR) made several changes to USDD to avoid a similar failure: > > **Differences between UST and USDD** > > 1. The biggest difference is that USDD is 300% collateralized with 11B TRX, 14K BTC, 100M USDT, and 1M USDC [Source](https://usdd.io/). **This makes USDD one of the most collateralized stablecoins.** In comparison, DAI is only 120% collateralized, and USDT and USDC are only 100% collateralized. > 1. TDR controls how much USDD can be minted or redeemed, so it's not purely algorithmic. Thus, TDR has full power to stop it from crashing. > 1. USDD will be released in multiple phases. The current phase only allows for a minting of 2B USDD. This is to limit USDD from growing astronomically quickly like with UST. [[Source](https://trondao.medium.com/improving-usdd-from-lessons-learned-e2600d7f94ad)] > 1. You're probably wondering what's the catch. There is a Peg Stability Module (PSM) that allows minting of USDD by burning TRX. You can current burn TRX for minting USDD, but **you cannot redeem USDD for TRX** [[source](https://twitter.com/TheImmutable/status/1536930692344401921)]. There is no liquidity on any of the [PSM smart contracts](https://docs.usdd.io/psm/the-psm#psm-contracts) to trade USDD for anything else. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

Creative-Frosting189

TRX lives within a Vacuum

Redddddd1

I think TRX is nice low fees takes 3 sec Or maybe dgb less fee takes a bit longer

jekpopulous2

Justin Sun has been dumping his TRX for ETH since like 2017. This is nothing new.

CointestMod

#TRON Pro-Arguments Below is a TRON pro-argument written by a deleted user. > ##**PROs** > > **Disclaimer**: There is little reliable information about Tron that isn't from Tron DAO or Justin Sun interviews. The official [Tron DAO Medium](https://trondao.medium.com/) site doesn't provide links to sources in the blog, making it harder to fact check and analyze. Many of its sources are from Weibo posts that are inaccessible beyond the Great Firewall of China. Tron's documentation and community posts provide way less information than that of other major blockchain projects. Nevertheless, I'm make do with what I can get. > > ####**Performance and Consensus** > > **High throughput and fast finality** > > Blocks are produced every 3s with a max size of 2M bytes. Consensus is completed using DPoS with a fault tolerance of 70% (9/27) Super Respresentatives that act as validators. There are over 350 SR/validator candidates who vote on the 27 SRs each 6 hours. > > - **High Throughtput**: **Tron can reach a max throughput of 2600 TPS with full 2M blocks** and its current balance of actual transactions, which is really high for an EVM-compatible blockchain. > - My calculations used [Tronscan data](https://tronscan.org/#/blockchain/blocks): Basic TRX and token transfers use 250-500 Bandwidth. The current average bandwidth for each transaction is currently 298, which is not that much higher than the lower end for basic transactions. > - Each bandwidth is 0.850 bytes, so you can fit 7800 average transactions in a single 3s block. Tron officially claims that it can reach 2000 TPS, so they're giving a conservative estimate. > - Even filled with 350-550 bandwidth swaps for [SunswapV2Router02](https://tronscan.org/#/contract/TKzxdSv2FZKQrEqkKVgp5DcwEXBEKMg2Ax/transactions), that's 1400 TPS on the lower end. That's way faster swaps than [everything other than Algorand](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581). > - The tradeoff is that consensus is highly centralized (only 27 validators), and that the validators have very high requirements like having 32 CPU cores and 64GB of memory. > - In comparison, Ethereum's Layer 1 in comparison, can only do ~15 TPS average (59 TPS for basic transfers, 7 TPS for Uniswap v3 swaps). > - **Fast Finality in 3s**: All 27 SRs are currently playing friendly with each other, so for all practical purposes, finality is in 3 seconds. (Deterministic finality occurs every 27 blocks, or 81 seconds). > > **Network Energy usage** > > Tron's estimated annual energy usage for 2022 is estimated to be 1.7 kWh, or the **energy usage of [15 average US households](https://decrypt.co/108115/tron-network-energy-use-matches-that-of-15-us-households-ccri-report)**. This puts it slightly lower than the consumption of Avalanche, Algorand, Cardano, and Solana's networks. Its carbon footprint is also 4x lower than the others. And it uses 100000x less energy than Bitcoin. > > ####**Ease of Basic Utility** > > **Transaction fees are covered for FREE by freezing TRX** > > Tron has a unique design for transaction fees instead of using gas. Transactions fees are divided into bandwidth (pays for data bytes) and energy (pays for computations). All transactions require bandwidth while only contracts need energy. > > The benefit is that you get **FREE bandwidth and energy by freezing TRX**, a process similar to staking. You currently receive about 28 energy and 1 bandwidth daily [per frozen TRX](https://tronstation.io/calculator). Basic smart contracts use 350 Bandwidth (requires freezing 330 TRX) and 14.7K energy (requires staking 520 TRX). At current TRX prices, **if you freeze $2500 worth of TRX, you could perform 100 free basic transactions daily**. In addition, each account receives [1.5 kb of bandwidth daily](https://developers.tron.network/docs/resource-model) (originally 5 kb) for free even without freezing TRX, which is good for ~5 transactions. Though I suspect users can abuse this by creating new accounts. > > Any transaction fees in excess of the free energy and bandwidth are burned. This is why TRX is **currently deflationary by ~0.3% annually** (excluding burns for the USDD minting process). > > **Settlement layer for Tether** > > According to Blockchain's [Sep 2022 interview with Justin Sun](https://podcasts.apple.com/us/podcast/exploring-tron-with-justin-sun-and-blockchain-com/id1536699961), **the original purpose of Tron was to act as a stablecoin settlement network and reserve network for Tether** (USDT). Sure enough, the bulk of DeFi on Tron's network deal with stablecoins. As of Sep 2022, [45% of Tether is now held on Tron](https://defillama.com/stablecoin/tether). And with Ethereum transaction fees being so high, Tron has become an attractive platform for USDT dApps. > > ####**DeFi Usages** > > **Smart Contracts** > > Tron's VM (TVM) is EVM-compatible and uses Solidity for the smart contract language. It is also Turing-complete. Thus, it's simple to rewrite EVM contracts for TVM. > > - **Tron's [DeFi TVL is massive at $5.4B](https://defillama.com/chains), putting at 3rd place after Binance Smart Chain**. > - Though it is a bit suspicious though that 99% of Tron's DeFi TVL are on 3 projects that are literally named after Justin Sun, though that could just be because it's very new. In comparison, Ethereum's DeFi is spread over hundreds of dApps. > - Tron SUN's [Liquidity Pool](https://sun.io/#/home) provides very high interest for USDD-USDT pairs at 5-70% APY. Back in June-July, you could gain triple-digit APY on Tron DeFi with stablecoins while the governance rewards boosts were still active. > > ####**Sustainable Tokenomics for TRX** > > - TRX's tokenomics have a steady, permanent issuance for validators, so it's **sustainable**. All transaction fees are burned. This isn't too different than Ethereum's tokenomics model (other than that Ethereum only burns part of the fee). > - TRX has a total circulating supply of about 92B, which is noticeably lower than their highest supply of 102B before the TRX-to-USDD minting protocol. TRX suddenly became [deflationary on Oct 27, 2021](https://tronscan.org/#/data/stats2/circulation). Supply has fallen about 10% since then due to token burns, making **TRX one of the most deflationary cryptocurrency in the top 30**. > - If we ignore the token burns from USDD minting, each day, ~5M TRX is minted, ~6M is burned (from transaction fees). **This gives net issuance of 1M TRX burned daily, or 0.3% annual deflation.** > > **Good TRX price action during the bear market** > > Tron's native token, TRX, is currently #15 in marketcap as of Sept 2022 with a [marketcap of $6B](https://www.coingecko.com/en/coins/tron). Its value has held up surprisingly well during the bear market, barely falling 50% while the rest of cryptocurrencies fell closer to 70-90%. **TRX is up 2x vs Bitcoin over the past year** during the bear market, pumping especially hard right around the launch of USDD and introduction of major staking and governance boost projects. > > ####**USDD, a hybrid stablecoin without UST's flaws?** > > **USDD is a hybrid collateralized/algorithmic (seigniorage) stablecoin** launched in May 2022 on Tron's network. It is one of the biggest focuses on the Tron roadmap. It was originally designed as a purely-algorithmic stablecoin based on Terra's now-failed Luna and UST stablecoin. After the collapse of Luna UST, the Tron DAO Reserve (TDR) made several changes to USDD to avoid a similar failure: > > **Differences between UST and USDD** > > 1. The biggest difference is that USDD is 300% collateralized with 11B TRX, 14K BTC, 100M USDT, and 1M USDC [Source](https://usdd.io/). **This makes USDD one of the most collateralized stablecoins.** In comparison, DAI is only 120% collateralized, and USDT and USDC are only 100% collateralized. > 1. TDR controls how much USDD can be minted or redeemed, so it's not purely algorithmic. Thus, TDR has full power to stop it from crashing. > 1. USDD will be released in multiple phases. The current phase only allows for a minting of 2B USDD. This is to limit USDD from growing astronomically quickly like with UST. [[Source](https://trondao.medium.com/improving-usdd-from-lessons-learned-e2600d7f94ad)] > 1. You're probably wondering what's the catch. There is a Peg Stability Module (PSM) that allows minting of USDD by burning TRX. You can current burn TRX for minting USDD, but **you cannot redeem USDD for TRX** [[source](https://twitter.com/TheImmutable/status/1536930692344401921)]. There is no liquidity on any of the [PSM smart contracts](https://docs.usdd.io/psm/the-psm#psm-contracts) to trade USDD for anything else. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

MutedFly2034

Why are BNB, SOL, TON, & AVAX left off that list if they are 4, 5, 9, & 12 largest cap-size crypto respectively? It is because for instance SOL’s trx are 75% communication overhead? Wouldn’t the 25% numbers still be large enough to qualify it for the list? What exactly is commuication overhead and why don’t these other coins have a bulk of their trx as that? I saw TRX leads because it is an easy and cheap way to convert to stable coin, if that’s the case and it’s getting flooded with so many trx’s, why isn’t it getting higher fees? Sorry noob to all of this and trying to understand. Thanks in advance!

whitenoise2323

No. It has less transaction activity than many chains. BTC is number 8 in daily transactions coming in below TRX, ALGO, XLM, EOS, XRP, ETH, and DOGE https://www.tradingview.com/markets/cryptocurrencies/prices-most-transactions/