Where is the TRX Rewards?

TRX Rewards has been stopped for almost 45 days today. Due to this, all Steemian users are worried. Where did their reward go? It is doubtful whether he will get a reward at all. In today's post, I will discuss that topic and try to analyze why rewards are stopped. Hopefully, you guys will like it.

Due to Bitcoin dominance, prices of all altcoins have started dropping over the past few months. The prize of 15 coins in the ranking was dropping. And there was doubt about TRX's price drop. Its developers are constantly working to ensure that investors do not turn away from TRX.

As of June 21, 2023, the total supply of TRX was 90,008,531,690. They are constantly burning TRX from the total supply to prevent the price of TRX from dropping as per their plan. As a result of Bitcoin's rise in dominance, the value of TRX continues to rise while the prices of other coins and tokens are dropping.

The total supply of TRX as of 20 September 2023 has reached 89,155,211,785. About 853,319,905 TRXs burned in the last 4 months. The USD value of which is 71084484$. The value of which is very high in the current crypto market. Through this burning process, the total supply of TRX is constantly reduced by burning TRX.

Personal opinion: Due to this burning process, the developers may have stopped the reward distribution of TRX for now. As they can reduce TRX from total supply very quickly. However, all pending TRX will be credited to our users' active wallets at their convenience. That's why all our users should be patient.