All About Tron (TRX)

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

Trade Tron (TRX) on the TRX/USD, TRX/USDT, TRX/BUSD, and TRX/BTC pairs, or buy Tron (TRX) with Bank Transfer (ACH), Debit Card, or Wire Transfer.

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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Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.

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