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Again, during a tweet from Tron's CEO, Justin Sun, the Tron foundation announced the burning of the ERC-20 tokens. It is important to know that this will be the set th of the TRX ERC20 tokens that were burned by Tron after the launch of its MainNet. According to Sun's tweet, the ERC tokens were burned about 4.9 billion – the trail of coins occurred last week, Thursday, September 13
Tron & # 39; s Token Burn
Tron & # 39; s MainNet was launched on July 25 th and since then, Tron has continued to burn some of his old tokens. According to the Tron Foundation, coin burning is considered the final phase of the complete migration of the Tron from the Ethereum protocol.
As mentioned above, the set of [5] TRX has been burned; the first set of tokens burned during the launch of Tron's mainNet was around $ 50 million.
Due to the fact that approximately 4,917,487,036,059613 ERC20 TRX tokens were burned recently, Tron Foundation stated this in a blog post:
" Currently, the main TRON network runs smoothly, there 1058 nodes worldwide, block height: 2309162 (Starting at 6:45 pm, September, 13, SGT), token migration is still ongoing, while TRON will keep Tronics informed, thanks for your support.
However, the Foundation did not fail to indicate why another token was burned, which is to decrease and control the number of TRX tokens in circulation, to avoid confusion and increase the value of TRX in the cryptographic market
The community of Tron expressed their feelings and their opinions, which were not positive enough because they were not excited by the recent burn-to-sign.
No. These are the old ones token ERC-20 This it does absolutely nothing.
– Brad (@ Brad2pointO) 13 September 2018
Going forward, after the launch of Tron MainNet, the blockchain company has been increasingly supported by several FinTech companies and exchanges – how, it managed to make it appear on Portfolios like SatoWallet, Cobinhood, etc.
Tron continues to grow riding his recent developments
Not long ago, Sun announced that Tron (TRX) had reached higher levels as the number of accounts on its MainNet exceeded those on EOS MaiNet, despite EOS MaiNNet has been in play for some time.
Many crypto enthusiasts have noted that the main reason why Tron was able to overcome his predecessors and get many accounts on his MainNet was allowed to Twitter and other social network users to send TRX to the Internet. interior of themselves.
Let us not forget that Tron (TRX) has been included in the ChangeHero and Instant crypto exchange platform, only recently. Nevertheless, Tron's daily transaction reached almost a third of the Ethereum transaction. A tweet from TRX Colony reads
" TRX stared for August with only 30,100 transactions a day By the end of the month, the average daily transaction was almost 1/3 of Ethereum: Tron is the fastest growing coin, this rocket does not stop for anyone. "
Later, since it is no secret to anyone, Tron has also acquired BitTorrent, which is often considered one of the biggest hits in the world. cryptographic space. The blockchain company has also optimized its business with the launch of its Virtual Machine. The CEO of Tron, Justin Sun declared during the launch of his Virtual Machine:
" TRON is 80 times faster than Ethereum With 14 years of experience, BitTorrent provides a level service world to 100 million users in 138 countries Add the two together and get the largest and most advanced peer-to-peer network in the world! "
Tron TRX Price Overview
There was a slight improvement in the price of TRX after burning coins. At the time of writing, the TRX price rose to $ 0.0195, after seeing a slight increase of 1.2% in the last 24 hours.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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