TRON Price - TRX/NZD : $0.63586
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What is TRON (TRX)?
The TRON blockchain platform, launched in September 2017 by Justin Sun, targets the digital entertainment industry. TRON (TRX) tokens initially launched as ERC-20 tokens on Ethereum before migrating to their own blockchain in 2018. TRON's objective is to establish a free, global entertainment system for digital content, providing high transaction speeds (thousands per second) and low fees. It utilises a Delegated Proof of Stake (DPoS) consensus mechanism with 27 Super Representatives for network security and efficiency. Similar to Ethereum, TRON facilitates the development of decentralised applications (dApps) and smart contracts, aiming for higher performance and lower costs. TRON seeks to remove intermediaries from content sharing, enabling direct interaction between creators and consumers. The acquisition of BitTorrent expanded TRON's ecosystem into decentralised file sharing and digital content distribution.
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No commingling of customer funds: we keep client assets completely separate from our own.
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We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
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Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
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Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend or trade your assets.