Will TRON TRX be able to get double 2X - TRON Foundation to Destroy 50 Million USD in TRX

#TRON #TRX To celebrate TRON’s Independence Day on June 25th (the official start of Main Net’s genesis block) , the TRON Foundation is planning a coin burn of 1 billion TRX, worth nearly 50 million USD.

As per the press release says, the burn will constitute the largest destruction of money in human history and 33 billion TRX combined fund of founder Justin Sun and the TRON Foundation will be placed in a locked account until the start of 2020, which further negates the rumour of Sun selling his primary holding in early January.

" The amount of TRX at the beginning of main net launch will be reduced to 99,000,000,000TRX, and the remaining 33,251,807,524 TRX held by TRON foundation will stay locked until January 1st 2020 "

What is the purpose of TRX Burn ?
TRX is no stranger to marketing manipulation , the one billion TRX burn has a big purpose , to increasing the individual value of each token, the burn will have a positive and fruitful effect on investor attitudes towards TRON.

We have seen a big growth in TRX in last Six months and it has given good returns but as per the market scenario it will be challenging for TRON to get out of the doom.

But for sure you will be able to see a spike before 25th June in short term due to 1 billion TRX, worth nearly 50 million USD will be wiped of from the market but getting double or 2X from here in short term is very challenging.

#TRONIX #TRX #TRON