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Justin Sun: Tron will not sell the recently released 33 billion TRX

Posted on October 30, 2022 by admin

Justin Sun: Tron will not sell the recently released 33 billion TRX

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Answer Justin Sun: Tron will not sell the recently released 33 billion TRX

We previously indicated that Tron Corporation will release 33 billion TRX on January 1, 2020.

Justin Sun, founder and CEO of Tron, broadcast live On the newly acquired “DLive” platform – it was announced that the DLive migration to the Tron blockchain will start in late December – followers are reassured.

The video was also broadcast on YouTube and Periscope.

The founder of Tron talked about many things, but in particular the CEO stated that the foundation has no intention of selling the TRX coins it holds.

He also reminded the audience of the buyback plan announced in 2019.

Sun promised to start this program to withdraw a portion of the traded TRX from the market, because he believed the coin was being taken lightly.

Read:Bitcoin Rises Above $30K And UST From Terra Continues To Crash

Tron will not sell 33 billion TRX:

In response to followers’ questions, Justin Sun said that the Tron team intends to keep the estimated 33 billion TRX unchanged and none of it will be released to the market.

Selling and taking out such a sudden sum will surely send the price of TRX further down the drain and make the currency very difficult to grow despite the many collaborations and technical advances the developer has made.

Unlike Ripple, Tron does not sell the cryptocurrency it holds.

Tron also plans to start a TRX buyback program that aims to reduce the amount traded, making it even scarcer.

In theory, this could help push the price higher.

Among the most important things that “Justin Sun” touched on was also sharing his plans for the “DLive” live broadcasting application, where he stated:

We want to make DLive the world’s number one decentralized live streaming platform.

Sun also mentioned that DLive will provide better live streaming services compared to major central platforms such as:

YouTube, Facebook and Periscope.

He also stated that Tron’s goal is to get as many influencers as possible to upload their content to DLive. He said in this regard:

Read:Banking giant BBVA launches bitcoin trading services in Switzerland

I want to make DLive the number one platform for all influencers especially in the crypto field, we welcome everyone and we will not delete anyone’s files or content.

The statement bears a hint to Google, and YouTube’s recent deletion of many cryptocurrency videos made many video content makers think of more decentralized solutions to receive what they offer without fear of deleting it.

Then Justin Sun discussed many other issues important to the Tron community.

Read also:

The founder of the TRON Network donates one million dollars to the “Greta” initiative to preserve the environment

Find out the details of Samsung devices support for the Tron network (TRX)


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