The huge supply of Tron (TRX) tokens has always been a hot topic for debates within the cryptocurrencies market. Prior to burning the 1 billion TRX during the Tron’s Independence Day, the total supply was 100 billion. After that event, the Tron (TRX) total supply fell to 99 billion TRX. Now, deducting the already circulating 65.75 billion TRX, it results that there is an extra of 33.25 billion TRX still under the Tron Foundation possession.
Tron announced that the remaining 33.25 Billion TRXs are now locked in about 1,000 addresses in Tron MainNet. The distribution of these funds also reduced the risk of losing all coins in case an address was attacked. The team also mentioned that while providing additional information about their identity, TRONICS members had plans to develop an interrogation tool that they could regularly verify and search for addresses in question.
33.25 billion Tron (TRX) locked – What’s the reason behind this decision?
Tron’s move was also to address the problem of procurement predictability. Crypto traders and Tron (TRX) owners are confident that there is now 65.75 billion TRX in circulation. So, the 33.25 billion TRX will remain locked until January 1st, 2020. As a result, this procurement predictability will give investors more confidence in this token.
With this step taken to increase investor confidence, and with a running Tron MainNet, the Tron (TRX) value has begun to dominate the cryptocurrencies market with the expectation that its supporters will increase in time.
As a remarkable example of such market response, there is Ripple which blocked 55 billion XRP in December last year. Within a short period of one month after this move, the price of the XRP rose from $0.22 to $3.82 with an increase of 1600%.
Apparently, Tron seems to have taken the right step regarding its TRX supply in circulation until January 1st, 2020. That will give a more stable Tron (TRX) market, while the crypto investors can invest in TRX without worrying about the supply in circulation. And so traders will not worry about a price drop due to an excessive amount of TRX in the market.
