TRON
TRX #8Project Safety Score: 68%
Updated 7 minutes agoRecord
Health
Security
Behavioral
& Liquidity
TRON is a decentralized blockchain-based operating system founded by Justin Sun under the TRON Foundation. The platform aims to facilitate the decentralization of the internet and serves as a global settlement layer primarily for stablecoins and digital purchases. It utilizes a Delegated Proof of Stake consensus mechanism, allowing token holders to vote for 27 Super Representatives who verify transactions. TRON supports the development of decentralized applications and is compatible with the Ethereum Virtual Machine.
The native utility token, TRX, is used for transactions and accessing network resources. Users can stake TRX to acquire TRON Power for voting on network governance and electing Super Representatives. The network features a unique resource model based on bandwidth and energy, aimed at maintaining high transaction volumes. TRON has transitioned to a community-led governance model and has formed partnerships with various global entities, enhancing its ecosystem's functionality and reach.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track record score 71 out of 100. The project boasts a solid track record, having been operational for over 8.7 years, indicating longevity in the space. However, it has experienced one regulatory action, which slightly affects its regulatory standing. There has also been one historical incident noted, and research has identified two additional concerns that merit attention, resulting in a score reflective of these mixed factors.
Economic design score 75 out of 100. The project's economic design is relatively robust, with 100% of the total supply currently circulating. However, the absence of a hard supply cap introduces a potential risk of inflation over time. This aspect is vital for investors to consider, as it may impact the asset's long-term value and stability.
Developer health score 63 out of 100. Developer activity appears moderate, indicated by 3,530 GitHub stars and 1,438 forks, reflecting some community interest and engagement. However, with only 19 commits in the past four weeks, the development pace may be perceived as slow, which could raise concerns about ongoing support and innovation.
Network security score 81 out of 100. The project demonstrates strong network security, supported by a substantial market cap of over $32.5 billion and an impressive chain age of 8.7 years. There has been one historical incident reported, yet the overall indications are positive for security, positioning this as a relatively secure option within the crypto space.
Social behavior score 48 out of 100. The project's social presence reveals potential concerns, scoring lower than desired. While it has verified social accounts on various platforms, audience metrics are limited, particularly on Twitter and Reddit, impacting its social influence. Additionally, there are indicators of negative press and regulatory scrutiny, which contribute to a lower overall score.
Adoption liquidity score 75 out of 100. The adoption and liquidity of the asset are relatively healthy, with a daily trading volume of approximately $595 million. It has a significant presence on centralized exchanges, with 65 listings, 34 of which are considered trustworthy. However, its market cap tier indicates average status in the broader market context.
Investing in this asset carries inherent risks associated with cryptocurrencies, particularly regarding regulatory scrutiny and potential inflation due to the lack of a supply cap. These factors underscore the importance of conducting thorough research and understanding the asset's dynamics before making investment decisions.
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Prior: Ripple (XRP)Recognized by Forbes Asia in their 30 Under 30 for entrepreneurs.
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TRON received a rating of 4.4 out of 5.
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Staked TRX received a rating of 4.4 out of 5.
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SEC 2018-07-30Alleged Securities Violation ↗
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hack 2019-03-25A report claimed that a significant portion of Justin Sun's recent Twitter followers were fake or bots. ↗
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cryptonews.net · 2019-03-25
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speakrj.com · 2023-07-20
- ✓High Twitter following of 1.2 million as of July 2023.
- ✓Positive audit ratings from CertiK and Cyberscope.
- ✗No hard cap on total token supply
- ✗Regulatory action has been taken against this project
- ✗Alleged SEC securities violation in 2018.
- ✗Report of fake Twitter followers in 2019.
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