Justin Sun announces $20 million TRX buy-back plan

25 Jun, 2019
by Ryan Boltman
News
Justin Sun announces $20 million TRX buy-back plan

Tron CEO Justin Sun has announced a huge $20 million buy-back plan for TRX lasting over one year. 

Sun announced the buy-back plan in a recent tweet that states the buy-back plan for Tron's TRX token will be valued at $20 million. The announcement by Tron states that "In order to promote community activity and market stability, we will conduct by far the largest TRX buy-back plan with the widest coverage in the secondary market, which will last for a year and will be conducted in several batches with no more than $20 million."

The announcement also states that the TRON foundation will continue to buy-back tokens from the secondary market to "manifest our confidence in the development of the TRON ecosystem"

Following the announcement, TRX saw a 3% gain in price. Not bad considering Bitcoins price surge. 

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Read more about: Justin Sun TRON (TRX)

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