Tron FAQ :: History Of TRON Development

In 2017, the TRON team adopted a roadmap for the development of the project for the next ten years. This roadmap consisted of six periods:

• Exodus (2017-2018). Implementation of tokenization, development of the blockchain and creation of a decentralized file-sharing system.
• Odyssey (2019-20). Mainnet launch, introduction of incentives to reward content creators.
• Great Journey (2020-21). Opening opportunities for holding an ICO on the TRON blockchain.
• Apollo (2021-23). Enabling content creators to issue their own TRC-20 tokens.
• Star Trek (2023-25). Creation of a decentralized platform for games and predictions.
• Eternity (2025-27). Monetization based on community growth.

In general terms, this roadmap remains relevant today.

In the winter of 2019, Justin Sun purchased the decentralized streaming platform DLive to integrate it with BitTorrent and port it to the TRON and BTFS blockchain.

In August 2021, the TRON Foundation launched the $300 million TRON Arcade fund, which will invest in GameFi blockchain projects and Play2Earn games over the next three years.

In the fall of 2021, the TRON Foundation, together with APENFT, launched a $100 million fund focused on NFT projects. He also provides support and advice to artists and advises on legal matters such as copyright.

Using the TRON (TRX) Cryptocurrency

The native cryptocurrency of the blockchain is the TRON (TRX) coin. During the 2017 ICO, the ERC-20 token of the same name was issued on the Ethereum network in accordance with the then accepted practice. The issuance of 100 billion TRX was distributed as follows:

• 40% for public sale of tokens;
• 15% for private pre-sale;
• 35% - to the reserve fund of the project.

Then all ERC-20 tokens were converted into TRX coins, which were already issued on the TRON blockchain.

TRX is the main payment unit on the TRON blockchain. It pays transaction fees and also rewards blockchain validation through staking and super agent nodes.

When TRX is locked, users receive TRON Power (TP) tokens, which allow them to vote for super representatives and network development proposals in the decentralized governance organization TRON DAO.

The TRX cryptocurrency can be used as a means of payment and purchase for many online services and prepaid plastic cards. The coin can be stored in the most popular cryptocurrency wallets, including Trust Wallet, Exodus, Coinbase Wallet and Trustee Wallet, as well as in the official TRONLink wallet.

At the time of TRON's on-chain launch, the price of TRX had risen to over 22 cents, but has since gradually declined to around 1 cent. In 2020, the value of the TRON cryptocurrency began to rise again, reaching 16 cents in the spring of 2021 in 2022, the price of TRX fluctuated around 6-8 cents per coin.

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