As we all know, Tron is a Smart Token, not a coin. Tron started its journey in Singapore about 5 years ago. Justin Sun is the founder of Tron and is one of the most intriguing people in the NFT space. Tron was based on ERC-20 besides Ethereum before switching to its own independent peer-to-peer network. Tron raised 70 million USD through its initial coin offering shortly before China banned digital tokens.

Tron started with a vision to use blockchain technology to create a decentralized web. So what is a decentralized web? Decentralized web or some even call it web 3.0 is the future of the web. Decentralized as the name sounds means the website will not be a property of a single organization but all the users using it. For Example, now Mark Zuckerberg can wake up one day and say lets shut down FaceBook. But if Facebook is decentralized, no single person can shut it down unless everyone wants it.

As the web is moving towards web 3.0 TRX is gaining acceptance. It was even more so clear when Tron acquired BitTorrent in 2018. Tron also launched its own dev toolsets and support in the same year. Decentralized app or Dapps was gaining more and more popularity thanks to the smart contract of Ethereum. More and more Dapps started showing up. TRX got more & more popular as it was used as means of transaction in Dapps. Dapps running on Tron hit 100 million+ transactions in the year 2019. Tron also launched its first biggest Dapp project Atlas in the same year.