TRON is a blockchain-based, open-source protocol for the global digital entertainment industry.
Total Market Capitalization of Cryptocurrencies over the years
- August 24, 2013 – 1.5 Billion Dollars
- August 24, 2014 – 7 Billion Dollars
- August 24, 2015 – 3.8 Billion Dollars
- August 24, 2016 – 11.4 Billion Dollars
- August 24, 2017 – 150 Billion Dollars
ICO price – Undervalued or Overvalued?
- A warmup session was conducted on Binance Exchange on 22nd August , 12:00 P.M (Beijing Time) , Supply of the session was locked to 500,000,000TRX, Price of 1 TRX was fixed to be 38 Satoshis or 0.00152$ (BTC = 4000$).
- Total Supply of TRX is decided to be 100 Billion , out of which , circulating supply is 40% i.e 40 Billions coins.
- The supply is similar to Ripple(XRP) , so assuming the project takes off as decided , achieving a X10 gain is possible in near future(When listed on new exchanges) and even more if new capital flows into the market.
- Justin Sun (FOUNDER) – Founder of Peiwo App and also believed to be mentored by Jack Ma. Features in Forbes Asia and Forbes China , 30 under 30 and former chief representative of Ripple in Greater China
- What make a project great is not alone the idea but the hands behind them. Justin provided the much needed confidence in investors which was clear from the warm up session being success in less than 53 seconds.
Aplication and Target Market
- China remains the single largest sport betting nation in the world, almost all of it strictly illegal and therefore unregulated,” said Eaton, a former Interpol officer
- The American Gaming Association, an industry trade group, states that gaming in the US is a $240 billion industry, employing 1.7 million people in 40 states .In 2016, gaming taxes contributed $8.85 billion in state and local tax revenues
- The gambling industry is expanding all around the globe due to the government efforts to increase the tax earnings and attract a number of tourists. Many countries present have legalized or considering legalizing the gambling industry due to the economic benefits for the country.
- Worldwide Gambling Market to grow at a CAGR of 5.7% during the period 2016-2022 to aggregate $635.00 billion by 2022
- China’s state information sector recently announced that by 2020, it could account for over 10% of domestic GDP, and that the ratio will continue to grow to roughly 20% by 2025.
- There are 368 million Internet users playing online games in China and the industry was worth US$13.5 billion in 2013. 73% of gamers are male, 27% are female.
- China’s appetite for anything perceived to be healthy and natural. Spending on health and wellness has seen tremendous growth over the last decade – the market is poised to reach nearly $70 billion by 2020 – a result of both rising incomes and awareness about wholesome living among a growing middle and upper class.
- There are many companies prevalent In the crypto market in the domain of decentralized betting, online gaming, lifestyle, messenger, wallet but TRON roadmap is built on combining them all to one platform to reduce excessive information sharing cost, bringing them under one roof of Entertainment.
- It aims at revolutionizing the entertainment industry with one stop destination for entertainment reducing the hassles of separate apps and accounts on various platforms to one platform.
- There is no coin like TRONIX in the market as of now but there are many coins in the market to perform these individual function, for example – Game Credits (Betting) , Messenger (Obsidian)