My personal thoughts, "Why is TRX Distribution Off"? || Steem Alliance

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Hello Steemian's,

Hope everyone is doing much better. Greetings and love from the bottom of my heart to everyone in this winter season. In this blog, I will discuss with you, My personal thoughts, "Why is TRX Distribution Off"? I hope this content is going to be very crazy.

Dispensing of TRX has been stopped for the past 1.5 months. Due to this, many users are asking various types of questions and cannot find the best answers anywhere. I will answer some questions in this post. I will give all the answers from my thoughts. So most of them may not correspond to reality.

I believe all my thoughts are 100% accurate. So, I am presenting this content based on this belief and some analysis. Maybe this post will not be liked by many authors/curators. So, what! I am presenting my thoughts in front of you, this is a lot.

About 1.5 months ago, the crypto market crashed due to the FTX tragedy. As a result, everything from Bitcoin to altcoins began to collapse. Due to which, almost every coin goes down by 20-30%. This creates fear in the minds of all types of crypto holders. Many of them got panicked and started selling crypto. As a result, the crypto market again falls down.

^{Screenshot Taken From Binance}

Because of this, a big impact began to fall on TRX as well. This caused the TRX price to drop very quickly. All Tron network engineers are worried about this. At that time, TRX Distribution was running. All Steemit users were getting their TRX as rewards and selling them on the market. Due to this, the value of TRX starts to fall more.

^{Screenshot Taken From Binance}

All engineers then decided to stop TRX distribution. And they stop all TRX distribution. And also increases the burning rate of TRX. As TRX burns, its value starts to go back to where it was before. These decisions by all Tron network engineers were very effective in keeping TRX's price up.

^{Screenshot Taken From TronScan}

So, I think that the distribution of TRX has been closed for so long to protect the TRX price from falling and it will start again very soon.

VOTE @bangla.witness as witness

SET @rme as your proxy

Thanks.