tron is a blockchain based distributed protocol. aims to build a free content entertainment system worldwide with blockchain distributed storage technology. The protocol allows each user to freely publish content, store data and distribute content with decentralized autonomy. The protocol basically creates a decentralized content entertainment ecosystem.
With more than 10 million users, peiwo app will be the first entertainment app compatible with tron, according to the tron website.
The team members of tron are followers of sir tim berners-lee, who have convinced the protocol, from its invention, that it is an asset for humans rather than a means of generating profit for small groups. Therefore, tron founded the Singapore-based tron foundation, a non-profit organization that operates the tron network and supports the development team of tron, mainly within the framework of the principles of openness, fairness and transparency.
The tron foundation was established under the approval of the accounting and institutional regulatory authority (acra) and under the supervision and control of the singapore company law. It is governed by a board of trustees or governors established by a board of trustees eligible for independent management and operation, which is independent from government administration.
Singapore is famous for its stable and well-established laws and financial environment. Tron Foundation, which is a non-profit organization established in singapore, is a legal entity that is subject to singapore laws and does not have any commercial interest that supports public or private interests and operates. "earnings" received by the foundation are considered redundant and reserved for the organization and implementation of other activities and events. Foundation members will never distribute profits.