Will Tron (Trux) Price Go Up With 9.9 Million Tokens Burned?
Assalamu Alaikum
Tron is a known name in the crypto world.
I knew that many of my friends would only use TRX (Tron's native token) when transferring to another account due to zero/cheap transaction fees and high speed rates of transactions over other crypto blockchain networks.
As everyone knows, TRON is a decentralized, blockchain-based operating system with smart contract functionality, proof-of-stake principles in its consensus algorithm, and a cryptocurrency of the system known as Tronix. It was created in 2017 by Singapore based TRON Foundation.
As such, Tron uses features of blockchain and peer-to-peer (P2P) network technology, which removes the middleman and allows creators to sell their work directly to consumers.
Software/blockchain developers use the Solidity programming language (an object oriented programming language developed by the Ethereum team to create and design smart contracts on blockchain networks) to build apps hosted on the Tron platform.
We all know that in every crypto, certain amount of coins will be burned at regular intervals to keep the total supply. The demand for crypto coins increased every time they were burned. Burn dates will also be announced by the respective cryptos. Traders and investors will also watch these important dates for their trading and investment activities.
Today's discussion ends here. I hope you find it interesting and able to understand. Share your thoughts on today's topic. Wishes and blessings to all.
https://twitter.com/MahmudulK59125/status/1764397273860165708?t=CEQ9xSRT98OfG6o7Xhssgw&s=19
You have given a very nice explanation about tron. I understood many things after seeing that it will be very beautiful and written by Gujie. Thank you, I hope you will benefit a lot in the future.
Hopefully TRX will increase more in upcoming bullrun.
After burning project every coin will pump a lot. Tron also pumped past few days. Thanks for the post.
Thanks brother.
Wow alot of work is going on in trx ecosystem, this burning I believe we help make the coin scarce thereby help in driving it's price up
thanks for reading.