What Is TriumphX (TRIX)?

TriumphX (TRIX) is a one-stop shop for all things associated with NFTs. By finding creators, developing content, and with NFT publishing and marketing, the platform can facilitate content to become digital assets. The platform aims to provide a decentralized NFT marketplace that can efficiently trade NFTs that exist in different chains.

In the current NFT market, trading is complicated because each marketplace has a different currency. Users commonly face complex transactions between marketplaces. According to the whitepaper, TriumphX aims to address the issue by integrating the market across all blockchains and creating and operating a single neutral network. Another challenge users face is high gas fees in many marketplaces, which reduces liquidity. To counter this, TriumphX uses low platform fees and a staking reward structure to attract and retain users. Moreover, TriumphX offers transparent P2P transactions between buyers and sellers.

TriumphX aims to digitize and trade global content. The goal is to unify the market so that users can trade NFTs on many blockchains with the best level of security and transparency. Through the integration of NFT and DeFi projects, the platform intends to identify high-quality NFT content and promote interoperability of multiple blockchain ecosystems.

The platform is based on the three key pillars:

1. ENFTEE (Digital Collectibles) offers two primary functions—a market for purchasing NFTs and a wallet for managing NFT assets. 

2. Dynamic NFT, Metadata Mapping: The sports NFT cards from TriumphX include highlights and profile photographs of prominent players and map metadata such as player histories.

3. Sole-X is the core technology of TriumphX that enables cross-transaction among NFTs that reside on multiple blockchains in a single marketplace. The native token of the platform is TRIX with utility as follows:

4. It may be used as a medium of exchange for peer-to-peer transactions on a decentralized exchange.

5. It may be used to cover transaction costs. Users can avail themselves of discounted fees if they use TRIX. 

6. Gaming companies can stake to join the TriumphX ecosystem in exchange for revenue-sharing of transactions on the marketplace. 

7. Users of Sole-X who want to trade NFTs on the marketplace can stake their tokens.

8. Token holders can participate in governance by requesting and voting on TriumphX blockchain changes.

History of TriumphX (TRIX)

Sooheyung Lee is the CEO of TriumphX and is also a member of the Korea Blockchain Content Association. The whitepaper was published on July 15, 2021. The total supply of TRIX tokens is 10,000,000,000.