Tron has completed its 8th coin burn, eliminating over 182 million TRX

03 Jan, 2019
by David Borman
News
Tron has completed its 8th coin burn, eliminating over 182 million TRX

Justin Sun took to twitter today to announce that Tron has had a coin burn of 182,359,804.286079 ERC-20 TronTokens, to reduce the supply of Ethereum based tokens from before Tron migrated to its own network.

The aim of the burn is to remove old ERC-20 TronTokens so they can no longer be converted into the new TRC-20 tokens. This seems prudent for the network, but as usual, many on twitter were still dissatisfied:

Ultimately it is true that this burn shouldn't affect the price, but that also isn't the point of it. Instead the move seems to be aimed at keeping further inflation from occurring. For those interested, the actual burn transaction can be found on Etherscan here.

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Read more about:TRON (TRX)Justin Sun

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