If you are a cryptocurrency enthusiast (or even if you are not), you’ve probably heard about TRON and their token – TRX. It is a cryptocurrency that is seeing a lot of applicability lately, especially since the beginning of 2021. If you are interested in what TRON is all about and how it works, we’ve got a whole sub-section covering that.
Now, why are we even listing this article? Well, TRON’s been seeing a lot of daily volume lately. This naturally translates into more people having TRON stacked in their crypto wallets. In itself, this also means that an increasing number of crypto casino players will own TRON. Furthermore, crypto casino players are known for reaching out to customer support requesting new cryptocurrencies to be added as payment methods.
Happily for everyone, the crypto casino industry saw its boom during 2021, where the player count was off the roof. This opened a whole new world of opportunities for players, casino owners, and even game providers alike. There’s never been a better time to test out cryptocurrency gambling and see what the fuss is all about. This can also be done at negligible costs, due to many reasons we will be examining in a moment.
TRON is essentially an operating system, or a network, based on blockchain technology. The main token of the network is TRX. It first was introduced as a platform that handles up to 2000 transactions per second (tps). This placed it as one of the fastest tokens of its time and still is on par with some of the best performers.
If you know about BitTorrent, then an interesting piece of information for you will be the fact that TRON purchased and is now the owner of the software, since 2018. Focusing on the development of a decentralized platform for sharing content and entertainment is only the first step for them.
According to the whitepaper, TRON is divided into six phases. To name some, those include simplified file sharing, financially rewarding for content creation, allowing content creators to launch their unique tokens, and placing a marker in the gaming industry in a form of decentralization.
Overall, you could say that TRON aims to be a platform, a decentralized place, for those in the entertainment business, and those who want to be a part of it.
As a company focused on decentralizing the entertainment environment, this makes it completely unique even to this day. This will benefit artists greatly, as it will remove the middle-man and all unnecessary commissions and taxes.
The fact that it is a decentralized platform makes it also a place where anonymity is a given. This is a very important factor to many, especially in this day and age, where privacy is not that common anymore. Remaining anonymous gives an edge, cause it prevents government and jurisdictions to manipulate or tamper with your transactions, as well as monitor them.
An interesting benefit is that TRON is placed within the top 30 cryptocurrencies by market cap. It also is on the rise in terms of daily volume, meaning there is a lot of engagement. If TRON rises in price, this will directly affect your crypto casino gameplay. Imagine you purchase 100 TRX, at the current price of $0.06, but it rises up to $0.10 by the time you wish to withdraw your winning from a casino. This will mean that you have gained even more, due to the increase in price.
Earlier, we mentioned that providers also benefit from the rise of crypto casinos. This is due to a couple of reasons. Fiat currencies have regulations that do not allow developers to go below or above certain gambling limits. Cryptocurrencies don’t care about that, which is why providers have started developing games with tokens in mind. They add cryptocurrencies as payment methods, due to the number of crypto casinos that wish to buy the games. Furthermore, cryptocurrencies have better betting limits overall, which we will mention in our “Pros & Cons” list below.
We also mentioned the 2000 transactions per second that are possible on the TRON network. Allowing players to deposit and withdraw quickly has always been a great plus, that many cryptocurrencies fail to meet. With 2000 tps, the TRON network currently stands as one of the best in that field.
Additionally, the benefits of the transactions themselves are not only the abovementioned ones. TRON actually offers zero transaction fees (not including any transaction fees by crypto exchange platforms). Just imagine making hundreds of deposits and withdrawals to a crypto casino, without any accumulating costs. This is beyond good news for experienced crypto casino players.
The final benefit we want to squeeze in is the security of the TRON network. It uses a delegated proof-of-stake network. Currently, this is one of the safest ways a blockchain-based platform can be secured. This means that the chance of TRON being hacked is insignificant.
As you saw in our advantages sub-section, the TRON network has so many pros over other networks, tokens, and fiat currencies, that we just couldn't fit more in there. This is why we rely on our regular "Pros & Cons" subsection, where we further add advantages, as well as show the disadvantages of TRX and TRON casinos.
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Due to its popularity, many crypto exchange platforms have integrated buy and sell options for TRX. Some of the major ones are Binance, Huobi Global, FT, Bithumb, FTX, Kucoin, Gate.io, and many others. Make sure to check in with your favorite CEX platform if it is not mentioned above to see if they offer TRX.
Of course, it goes without saying that you will need a crypto wallet, where your TRX will be stored. However, this is not the only usage of the wallet. This is the place from which you will be sending TRX to crypto casinos, as well as the place where your winnings will be delivered upon withdrawal.
If you don’t own a wallet yet, worry not. Most crypto exchange platforms offer integrated crypto wallets for the convenience of the buyer. Other, third-party wallets that are easy to use and set up are MetaMask, Trust Wallet, Exodus, Jaxx, and many others.
When looking at TRON, we believe that is a network that will keep growing, with more and more people purchasing TRX. This is great news for all cryptocurrency enthusiasts as well as crypto newbies. A good way to test the crypto casino industry is to try playing in a low-risk environment. Happily, most games have exceptional betting limits if you use TRX or another crypto, allowing for minimal bets of less than $0.01.
However, this is also great for hardcore crypto casino players with a higher budget, who wish to play big and bet hundreds or even thousands. Of course, due to the regulations of the casinos, you will need to make sure you check our reviews on them, to make sure you are in a safe zone.
Hopefully, this information was enough to assist you in making a decision, no matter if it is to try out TRON casinos or to avoid them.
Please check our FAQ section below for some additional information.
Well, this is too big of a question for a simple yes or no answer. Crypto casinos are mostly regulated by Curacao, since no bigger regulator wants to affiliate with crypto casinos as of yet, mostly to the risk cryptocurrencies bring to the table. However, this also means more fraudulent casinos can be found, which is why you need to make sure the casino you will be staying at is safe.
TRON casinos have an abundance of slots, table games, live casino games, and occasionally sportsbook sections. As you can see, this doesn’t differ too much from what a standard online casino can offer in terms of diversity.
Yes, the TRON network is a decentralized environment, aiming to achieve no commissions and fees for content creators such as video creators, singers, writers, etc. This will happen with the exclusion of any middle-men which can happen only through decentralization.
You can buy TRX through most crypto exchange platforms, such as Binance, Huobi Global, FTX, Bithumb, and many more. However, you should also have a crypto wallet, if you are purchasing TRX through a platform with no integrated one. This is required because you will be making deposits and withdrawals to and from crypto casinos.
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Crypto Specialist
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