What Is Tron and How Does It Work Get Your Free 200 Tron Here: Tron is a blockchain-based operating system on which one can create decentralized applications, and share media content. The TRX token itself is used to gain access to certain features of the operating software. Therefore the token’s main purpose is for use on the Tron network. However, it is still a store of value and can be traded on exchanges, therefore it can also be described as a virtual currency. It was created in 2017 by Justin Sun. Originally TRX were ERC-20-based tokens, underpinned by Ethereum but in 2018 they separated to become their own token. In that same year, Tron acquired Bit Torrent, the internet’s largest file-sharing site, which was a necessary step on their journey to creating a level media playing field on the internet. TRX’s highest price was achieved in January 2018 when the coin reached $0.30. It was ranked 17th in terms of market capitalisation against other cryptos at the time of writing.