$TRX TRX Coin (TRON Coin) is the TRON network

1. Uses

TRX Coin is primarily used in the following areas:

• Medium of exchange: Within the TRON network, TRX is used to pay various service fees, including fees for the use of decentralized applications (DApps) and transaction fees.

• Smart contracts: TRX can be used to deploy and execute smart contracts, supporting automated operations of decentralized applications.

• Asset trading: Users can use TRX to purchase and trade various digital assets on the TRON network, including in-game items and virtual assets.

• Governance participation: TRX holders can participate in community governance by staking TRX, gaining voting rights, and influencing the future development direction and major decisions of the network.

• Staking and rewards: Users holding TRX can stake their tokens to receive a certain annual return rate (approximately 4-6%) and participate in the election of super representatives, sharing block rewards.

2. Total Supply

The total supply of TRX Coin is 100.851 billion, with a current circulating supply of 71.66 billion, making the circulation rate approximately 71.1%.

3. Staking and Governance

TRON uses a Delegated Proof of Stake (DPoS) mechanism, allowing TRX holders to earn governance rewards and voting rights by staking TRX and participating in the election of super representatives. The more TRX staked, the higher the rewards.

4. Payment and Circulating Currency

TRX is the primary payment currency for DApps on the TRON blockchain, allowing users to trade and pay using TRX, enjoying low transaction fees and high transaction processing capacity.

5. Token Issuance and Exchange

Users can easily create their own tokens using TRON's smart contract functionality and exchange them for TRX. This provides convenience for entrepreneurs and project teams to establish their digital assets on the TRON blockchain.

6. Rewards and Incentive Mechanism

TRX, as part of the rewards and incentive mechanism, encourages users to actively participate in the TRON ecosystem. Users can earn TRX rewards by participating in the consensus mechanism and staking, which helps maintain and secure the TRON blockchain network.