Uploaded on May 4, 2022
Tron Token Development was based on the Tron blockchain network, and the Tron token, also known as TRX, cannot be mined.
What is Tron (TRX)
What is Tron (TRX)?
History of Tron
How to create a token on the Tron
blockchain?
What is Tron (TRX)?
TRON (TRX) is a hype cryptocurrency that had one of the largest
and most profitable ICOs in 2017-2018. The project is a
decentralized entertainment content platform, something like
AppStore or GooglePlay. Here users can download their games,
various entertainment applications and other entertainment content
as well as monetize it.
The history of Tron
The first mentions of the TRON cryptocurrency appeared in August 2017.
Justin Sun, a Chinese entrepreneur, decided to create a decentralized
platform where some users could upload their own entertainment content,
while others could use these products for free or for a fee.
It was based on the idea of direct contact between creators of games, social
networks, instant messaging and other applications and users, without going
through intermediaries such as Google, Facebook, Apple, Microsoft, etc.
The history of Tron
Initially, TRON was created on the Ethereum blockchain, however,
after the completion of the ICO in late spring 2018, the
cryptocurrency was "moved" to its own blockchain.
TRON is a cryptocurrency that had one of the most profitable and
high-profile ICOs in 2017-2018. In total, 100 billion tokens were
issued, which were distributed according to the following scheme:
The history of Tron
● Sale to investors through ICO – 40%;
● TRON Reserve Fund: 35%;
● Presale – 15%;
● Peiwo Foundation (an app owned by Justin Sun) – 10%.
The main stage of the ICO was preceded by a presale. The main
stage of the initial coin offering began on August 31, 2017. The
creator set a Hardcap (maximum raising amount) of $70 million,
which was successfully closed. Unfortunately, the exact amount that
the team managed to raise as a result of the ICO has not been
reported
How to create a token on the
TRON blockchain?
A TRON address [1024 TRX], assuming a TRC10 token is being created;
Create TRC20 token, it will carry the address of the smart contract.
To create a token based on the TRON blockchain, the first thing you
need to do is go to the Tronscan platform and then use the button in the
upper right corner to connect the wallet to the platform.
How to create a token on the TRON blockchain?
Then, when navigating in the "Blockchain" -> "Token Tracker" menu, it is
necessary to select the "Create Token" item that can be found on the
right side of the screen.
At this point, the platform will ask which token will be created, TRC10 or
TRC20. The platform provides helpful tips for determining the type based
on the purpose of the token.
How to create a token on the TRON blockchain?
Then some data about the tokens need to be entered here, such as
name, quote, total supply, as far as TRC10 tokens are concerned, it is
also possible to determine how many tokens [TRX] are worth
compared to TRON, it is to freeze them Still set the launch time for the
token; As far as the TRC20 token is concerned, all the information
related to the project must be entered, such as smart contract
addresses, various social networks and white paper addresses.
How to create a token on the TRON blockchain?
Once you have entered all the information, you can create a new token:
for TRC10 tokens, you need to pay a fee of 1024 TRX, which is about
$13, and for TRC20 tokens, you don't have to pay any fee, but this is
required with an Address smart contract so that it can cross-reference
the data and load the address correctly.
With just a few clicks, you can create TRON-based tokens from scratch
without having to know any procedures.
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