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What is TRON?
TRON is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
TRON was founded in September 2017 by a Singapore based non-profit organization called the TRON Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).
What is TRON Faucet?
TRON faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a trtoshi, which is a hundredth of a millionth TRX, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.
Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a tron, but the amount will typically fluctuate according to the value of tron. Faucets are a great way to help introduce new people to tron, or to your favourite altcoin.
Many faucets provide information to newbies as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction or two before putting real money on the line. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.