Tron Improves Network Quality, Burns 19 Million TRX Tokens

Bittime - TRON strengthened the network by burning 19,257,293 TRX tokens, increasing the scarcity and value of the token. Even though TRX price fell 2.43% in the last 24 hours, trading volume remained high. Find out more about TRON's latest strategy in this article.

Tron Improves Network Quality

By burning 19,257,293 TRX tokens, TRON demonstrated its continued commitment to driving deflation and increasing value.

The results of this burn event, which resulted in a net negative production ratio of 14,191,662, indicate that TRON is looking to increase the scarcity of its native token, TRX, so that its value can gradually increase.

TRX Experiences a Decline

In the last 24 hours, TRX is down 2.43%, trading around $0.1581. This price drop combined with significant trading volume of $682 million daily, suggests that traders remain engaged in price swings.

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TRON Launches Proposal 92

TRON has launched Proposal 92 to increase the network energy limit to 120 billion, which is very important because it has a direct impact on network efficiency and capacity. 

By increasing the energy cap, TRON positions itself to handle more transactions, which is critical to maintaining and expanding its ecosystem.

Conclusion

TRON continues to demonstrate its commitment to improving its ecosystem through various strategic initiatives. The issuance of 19,257,293 units of TRX tokens indicates a desire to accelerate deflation and increase the value of TRX tokens by reducing circulating supply. 

Although TRX price fell by 2.43% in the last 24 hours, trading volume is still high, indicating continued market interest. 

Additionally, the launch of Proposal 92 which aims to increase the network energy limit to 120 billion is an important step in increasing network capacity and efficiency, enabling TRON to manage more transactions and supporting the growth of its ecosystem. 

These steps demonstrate TRON's efforts to strengthen its position in the crypto market and increase value for TRX holders in the long term.

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