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Tron (TRX) essentials: Tronscan, what is it and how to use it?
Tronscan is an important part of the Tron project. You can find it at tronscan.org. What is it? Well, imagine a smart-contract platform like Ethereum, only that it’s fast, more reliable, and it runs on steroids with a much lower gas cost. Tron is developing a full ecosystem around it, and it’s becoming fascinating.
It’s a decentralized website that serves several different purposes. It’s a decentralized exchange you can use to trade TRX tokens or to issue your own token based on Tron’s blockchain, just as in Ethereum, but it’s many other things as well.
So how do you get started? You go to the site tronscan.org, and you create a wallet, come up with a password, type it. The second step is to save your encrypted key. You’ll need this to access your Tron tokens from another computer. Then you come up with your own private key. All this information must be kept safely outside of your computer. And that’s it. The whole process is incredibly simple, and it takes fewer than two minutes. You’re part of Tronscan.org now.
What’s next? We create a wallet inside Tronscan. It will allow you to send and receive TRX tokens. Tron’s wallet is a chrome extension, very easy to install and use, and that’s where you will receive (or send from) your tokens.
It’s very practical, and if you like Chrome, then your Tron Wallet will be available to you at all times. Just keep in mind this: your Tronscan and your Tronk Link (the one on Chrome) wallets are different entities. You can bounce tokens among both as you wish.
There’s also the voting feature. This goes to electing the Tron Super Representatives. To vote you have to freeze at least one of your Tron wallets. Some of the candidates will incentivize you by paying you in Tron tokens for your vote (almost all of the SR do now).
The third part is that it’s a decentralized exchange in which you can buy or sell all kinds of TRC-20 tokens (the ones that are issued using Tron’s technology). That include’s Tron’s Tronix (TRX).
Click on the DEX link to find out what are the active coins. Everything in Tronscan is traded in TRX pairs. You just click on the coin you want to buy, type down the number of coins you wish. It’s very simple if you compare it with your typical crypto exchange.
In the fourth section (the token section) the system shows you every single token that’s being created on the blockchain. It’s a bit technical and not all the tokens that are being created are actually available for trade. But this section will also give you information on tradable tokens if you search for them (be careful as it’s case sensitive).
The contracts section shows you how many contracts are running in the network and how many coins are involved in it.
Tronscan is an exciting part of Tron’s project. It’s very well designed, safe, and reliable. If you want to get into the Tron community and don’t know exactly how to get started, just visit tronscan.org and have some fun. It gives you a general overview into almost all aspects of Tron, so it’s a great way to start.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Rawpixel/PixaBay
Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.
The Singaporean ETF Market: Exponential Growth
The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics.
One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.
The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.
Regulatory Landscape and Investor Protection
The Monetary Authority of Singapore (MAS) is the…
Intending to invest in a residential or commercial property in Singapore?
When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.
In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.
HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE?
As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.
In this sense, Singapore has the Loan to Value Ratio (LTV).
The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:
- If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000.
- When you are applying for a loan with a Housing…
CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform. Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.
Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play. The desktop version is available for Windows and Mac.
“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…
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