TRX, or TRONIX, is a TRC-20 token that helps power the TRON Protocol and dApp ecosystem.
The TRON ecosystem features a blockchain explorer, native wallet, and an expansive set of DeFi projects, including blockchain games, NFT offerings, marketplaces, and more. TRON aims to become an infrastructure provider for the decentralized web.
The TRON blockchain is optimized for speed and scalability, providing users with fast and low-cost transactions thanks to its Delegated-Proof-of-Stake (DPOS) consensus mechanism, which is powered by 27 Super Representatives tasked with validation transactions on a rotating basis, in exchange for token rewards.
What is Tron (TRX)?
As the mainnet native token of TRON, TRX is used to power smart contracts, pay for transaction fees, engage in staking activities, and serve as a unit of account across the TRON ecosystem.
TRX is joined by three other tokens: TRX10, TRC20, and TRC721. TRC10 and TRC20 tokens serve as the smart contract standard without and with EVM compatibility respectively. TRC721 serves as the standard for issuing NFTs. TRC20 and TRC721 are fully compatible with ERC20 and ERC721, respectively.
How to buy Tron (TRX) on Binance.US
Deposits and withdrawals are open for mainnet TRON*.
*Please note that Binance.US only supports mainnet TRX deposits and withdrawals. Binance.US does not currently support ERC20 and BEP20 TRX deposits and withdrawals. Do not send ERC20 and BEP20 TRX tokens to your Binance.US wallet. We will be unable to recover tokens sent to the wrong network address. For more information on the networks that Binance.US supports, consult our full list of supported assets and networks.
Note: This article was last updated on March 31, 2022. Deposits for TRON first opened on March 30, 2022 at 5 p.m. PDT / 8 p.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
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