RE: The Coin Burn Of 2018 TRX & PAC

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The Coin Burn Of 2018 TRX & PAC

in tron •  7 years ago 

Prime example is this article:

"1. No you will not lose any coins in the burn.
No you will not lose any coins as direct result of the burn"

Then the paragraph directly below these 2 statements explains how you lose your coins but not any dollar value:

"Technically all that is happening is you are trading your old coins for new coins. They are valued the same. For example, if Tronix is worth $1 and you buy 100 coins. You have a total of $100 in coins. AFTER the burn you might have 10 coins but they are now each worth $10. Your total will still be $100.
PAC will be redistributed at 1000/1 ratio. So If you have 5000 PAC, after the burn you will only have 5 PAC but they will be worth the same amount."

We have people writing publicly facing articles when it is apparent they have no clue of the specifics they're writing about lol...unbelieveable.

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Is it not the same thing as a Reverse stock split?