Tron Cryptocurrency - What is Tron (TRX) & Should You Invest?

• Tron (TRX) is making waves as the world’s first entertainment media-centric cryptocurrency
• If successful, Tron (TRX) could go head to head with fellow digital currency Steem and Steemit’s own Dtube Youtube alternative
• With Tron, content creators would get paid with Tron cryptocurrency the more views, likes, and shares content receives
• Despite recent hype, Tron should be approached with caution, due to several different conflicting reports regarding TRX’s true capabilities

New cryptocurrency Tron, is fast becoming one of the most talked about digital currency offerings of 2018.

Named after the cult classic 1982 movie of the same name, Tron has an immediate vision to take on the likes of Youtube. This is thanks to the fact that In Tron’s world, Tron will pioneer the development of a platform (and cryptocurrency), which will reward content creators for the how well platform users rate material.

Is Tron Just an Aspirant Youtube Alternative?

Does Tron so far sound like an anarchic version of Youtube? If so, this is because Tron is purposefully marketing itself at the likes of Youtube content creators. As it is, however, Tron has an even bigger world vision.

Tron as a New Kind of Swiss Army Knife Digital Currency

While Tron might have already set sights on disrupting Youtube, the truth is that Tron is more of an ‘Ethereum-like’ cryptocurrency, one designed specifically to enable real-world business and entrepreneurial ventures.

Like Ethereum, Tron is apparently designed to allow anyone to build Tron based apps which anyone can monetize. Already, Tron has released a version of the popular Ethereum game ‘Cryptokitties’ called Tron Dogs. What is more, in a recent Medium article, Tron has been cited as already having partnered with Singapore bicycle rental company oBike.

Tron & oBike

As a result of Tron’s oBike partnership, oBike will apparently allow its bicycle rental customers to pay for oBike rentals using oBike coins, as well as earn oBike coins while riding rented bicycles. Such partnerships, however, are starting to raise alarm bells among Tron Investors.

Why Investors Might Want to Avoid Investing in Tron

Despite the hype surrounding the new Tron cryptocurrency, a lot of presumed Tron features simply don’t stack up.

At present, Tron still runs on Ethereum as an ERC-20 ICO token, (as does the game Tron Dogs). What is more, Tron won’t migrate to its own blockchain infrastructure until March 31st. This in itself makes it unclear how third-party businesses like oBike, can possibly have already built and tested applications (and accompanying oBike coins) on Tron. What is more, neither Tron nor oBike make clear how their business model actually works.

• Why would oBike pay its customers to ride their bikes?
• How will a Tron Youtube equivalent generate income to pay content creators?
• How does Tron already have several standing business agreements with companies like Gifto and the Asia Innovations Group, without having a working blockchain or proof of concept?

Tron Red Flags Which Investors Seem to be Ignoring

In fairness to Tron, the Tron cryptocurrency itself has been developed in Singapore by an exclusively Chinese development team. As a result, a lot of key technical information and regarding TRX seems to routinely get lost in translation. At the same time, however, Tron still raises a lot of red flags associated with common ICO scams.

• Tron already claims to have over 30 million users on its ICO landing page
• The original Tron whitepaper was verified as plagiarized
• Tron is only 7-months old and yet announces new strategic partnerships daily
• Justin Sun, head of Tron, is 28 years old and claims to be the former chief representative of Ripple in Greater China
• Miguel Vias the Head of Ripple Markets and Emi Yoshikawa, the actual representative of Ripple in Asia, have no idea who Justin Sun is

Is the Much Talked About Tron Cryptocurrency a Complete Scam?

Some might say that Tron not only ticks all the right boxes for being an ICO scam but also adds new boxes to the list. As it is, however, March 31st should see the matter decided once and for all. The only question is, will you invest in time to win big if Tron does prove to be legitimate?