Some cryptocurrency projects try to regulate the circulating supply of tokens that the market has. In this way, it is possible to sustain the price of the coins.
This is why the TRON Foundation decided to burn 1 Billion TRX, reducing the total supply of tokens to 99 billion. 33.5 billion TRX until January 1, 2020.
This lock has been done over 1,000 different accounts to protect the stash of digital assets. In this way, it is possible to reduce the possibility of an attack that would be all the coins.
According to Justin Sun, 33,251,807,424 TRX tokens have been locked in 1,000 different addresses. At the same time, provided a link to interested parties.
Last month, considering the safety of digital assets, @Tronfoundation locked 33,251,807,424 #TRX in 1000 addresses of #TRON mainnet, in order to let #TRONICS search these directories more conveniently, we made a query tool, feel free to search now. $ TRX https://t.co/HxPSlodsYq pic.twitter.com/FbAyDvieBg
– Justin Sun (@justinsuntron) August 11, 2018
Tron is one of the most promising blockchain projects in the market. It has an important number of features that attract developers from other networks.
This growth can be seen in the number of transactions that is increasing as time passes. From 28.208 transactions registered on July 28, 2018, it passed to 215.811 transactions on August 8, 2018.
In the same time, in just four days, the number of accounts increased 86% passing from 92.175 on August 7, 2018 to 171.997 on August 11.
Justin Sun believes that Tron will be surpassing Ethereum as the second most important virtual currency in the market. Ethereum allows developers to build their own decentralized applications (dApp) in a similar way as Tron does.
Tron (TRX) is the 10th virtual currency in the market according to its market capitalization of $ 1.47 billion dollars and each coin can be bought for $ 0.022 dollars.