TRON's TRX is built around
the proof-of-stake (PoS) consensus mechanism. TRON is a decentralized version
of the internet that aims to help users control and monetise their content. The
main goal of TRON’s TRX is to bypass the corporate middleman like Facebook and
enable content producers to receive funds directly from consumers of their
content, which can be text, image, audio, or video. On this network, people can
create, share, or even trade content.
However, TRON suffers the
same lacuna that most cryptocurrencies do. It is susceptible to market
sentiments. In the absence of any backing from real-world physical assets,
TRX’s value relies heavily on the trade volume influenced by the usability of
the token. When the crypto market crashed, the overall trade volume slumped,
causing a steep fall in TRX’s value. Therefore, TRON has been working to
increase the use cases of TRX.
Contrary to TRON, the
newly-launched Chronoly’s CRNO token works on a new, unique, and solid
framework. Chronoly.io is
a value-based project that has real-world usability. The value of Chronoly’s
CRNO token does not rely on speculation, publicity, or hype but is backed by
real-world physical assets.
the world's first blockchain-based fractional marketplace that enables people
to gain partial ownership of rare luxury watches such as Rolex, Patek Philippe,
Richard Mille, Audemars Piguet, and others. The project allows people to make
fractional investments in the NFTs of rare collectable watches. On Chronoly.io,
a person can buy the NFT of any luxury watch for as less as $10.
More importantly, each NFT
that Chronoly.io mints is backed by a physical version of a luxury watch stored
in secured vaults. Hence, Chronoly’s NFTs are immune from market speculation,
and their prices correspond to the value of the rare collectable watches
against which they are minted. It must be noted that the value of rare
collectable watches has consistently increased irrespective of the market