$TRX

TRON (TRX) is the native cryptocurrency of the TRON network, a decentralized blockchain platform established in 2017 with the aim of building a free, global digital content entertainment system. TRX serves multiple crucial functions within this ecosystem. Primarily, it acts as the medium of exchange, allowing users to pay for content, services, and goods within the TRON network's decentralized applications (dApps).

Furthermore, TRX is integral to the network's operation. It is used to pay for transaction fees, although TRON boasts near-zero transaction costs. Holders of TRX can also stake their tokens to gain "TRON Power," which enables them to vote for "Super Representatives." These representatives are responsible for validating transactions and maintaining the network's ledger using a Delegated Proof-of-Stake (DPoS) consensus mechanism. By staking TRX, users can also earn rewards, contributing to network security and stability.

Beyond basic transactions, TRX fuels the smart contracts deployed on the TRON Virtual Machine (TVM), similar to Ethereum. It also facilitates the creation of custom tokens (TRC-10) within the TRON ecosystem. The versatility of TRX makes it a fundamental component for developers building dApps, content creators looking to monetize their work, and users engaging with the TRON platform's diverse offerings, including decentralized finance (DeFi) applications and Non-Fungible Tokens (NFTs).