Justin Sun, founder of TRON has recently tweeted about this coin burn, stating that on 25th June, when TRX token migration takes place. TRON will become free, autonomous and self governed they wish to celebrate by burning 1 Billion TRX tokens.
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By burning cryptocurrencies, the value of the remaining coins increases. This because most cryptocurrencies have a finite total number. For example, there are currently 16.7 million Bitcoins in circulation and there can only be 21 million Bitcoins in total. Imagine that 1 million Bitcoins will be burned and the demand for Bitcoin remains the same. The decrease in supply of Bitcoins will cause the price to go up.
Tron will conduct a coin burn of 1,000,000,000 TRX all at once, which is worth 50 million USD according to today’s market price. This may set the record for the most amount of money destroyed in human history in celebration of a historic moment. The amount of TRX at the beginning of mainnet launch will be reduced to 99,000,000,000 TRX, and the remaining 33,251,807,524 TRX held by TRON foundation will stay locked till 1st January, 2020.
Great article my friend. Actually I was going to right about it too.
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Ohh, But keep on trying. You will find more articles even better than this.
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Awesome news. I am holding a big amount of trx coin. So i hope i invest in the right place, while so many was talking shit about trx. Now after this i am very confident that trx will give me an amazing ROI.
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True, just HODL no matter what
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I am bag holder in trx. Waiting to recover
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tron will be really going to be great in future
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Yes, Indeed
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I think so bro. Tron will be to the moon soon. Hope for the best.
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Finger crossed
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That's a good news bcz i have huge investment in tron...keep updating more about tron...i m eager to know the updates about tron...thanks
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Your Welcome
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Tron buy karne ka bhut aacha moka h
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Haan, its great time to step in
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I want invest in them now , is it worth now ?
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Yes, it's worth it. Just go on and invest
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I am thinking to buy tron 😯
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Go ahead and buy
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I love trx coin
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