Big Announcement for Tron (TRX) HODLERS #burntoshine

Finally the good news for TRON HODLERS (including me :P). It was very long time, as last time during test net launch and main net launch it didn't give output as everyone thought - it was sucess in terms of test net and main net but in terms of increase in value it disappointed to Investors. Because everyone thought it will go to 1200-1400 satoshi easily. If we follow the pattern of the previous test net and main net launch (other cryptocurrency) then TRON not followed the History. As there were many reasons including market manipulation by whales, EOS events same time, so we not got that "TRX going to moon" moment.

But our dear Justin Saun (Founder of TRON foundation) announce recently that they are going to burn 1 billion TRX coin.

With the burn please don't take it in wrong way (when I heard it months ago I took it wrong way) , generally burn words means lose or pain (at least for me) in real word but in crypto market it means the good news on the way. I will explain coin burning with example in simple way later, let me explain you the purpose of burning:

1. For making new Coins/Tokens
2. Destroying the Unsold tokens ( this scenario is for after the ICO or TOKEN pre sale)
3. Rewarding the coin HODLERS

As everyone knows cryptocurrencies come with finite number of total supply (most of have). Let me explain you with one common example, there are 100 amazing car made and the value of each car is $50k (please consider that the product is amazing and very popular) and once cars are in market for sale company announce that they are going to sell only 50 cars in public as they have plan to use those car for different purpose. So in this case car value going to be increase due to shortage.(sorry if my example was not good but hope it gives some idea of what I am talking about).

We can consider bitcoin example as well, BTC's total supply is 21 million & 17.1 million (around) is circulating supply, so at the moment we know the popularity of BTC (everything depends on it). Suppose we burn the 2 million BTC, in this case now only 0.9 million BTC remain to mine - so the BTC prices going to moon once we burn it. Same way they are going to burn 1 biilion TRX on June 25th.So I think it's great news. Hope everyone will get the profit from this event.During the burn see the prices take profits and sell, don't hold for too much. If you believe in project again buy it in dip as generally it happens once the event done and it's on hike everyone sells it so take advantage of this event.

According to coinmarketcap :

(I am not the expert in cryptocurrency, just wrote what I know and what I read so if I wrote anything wrong please comment on post so I can improve my self :) )

Happy trading guys.