TRON (TRX) is a popular cryptocurrency that has been gaining attention in the world of digital assets. Created by Justin Sun in 2017, TRON aims to decentralize the web by providing a platform for content creators to share their work without intermediaries. TRX is the native token of the TRON blockchain, and it is used to power various decentralized applications (dApps) and smart contracts on the network. But how many TRX tokens are there in circulation? Let’s dive into the details to find out.
TRX Supply Overview
TRON initially launched its token distribution through an initial coin offering (ICO) in September 2017. During the ICO, a total of 100 billion TRX tokens were created. However, shortly after the ICO, a token migration took place, and TRON moved from the Ethereum blockchain to its own mainnet. As part of the migration, the total supply of TRX was reduced to 99 billion.
Token Distribution
TRON’s token distribution is divided into several categories:
- ICO – 40%
- Private Sale – 15%
- TRON Foundation – 34%
- SR Rewards – 11%
The TRON Foundation is responsible for the allocation of funds to support the development of the TRON ecosystem, including funding dApp projects and partnerships. Super Representatives (SRs) are elected nodes on the TRON network that help secure the blockchain and reach consensus. SRs receive rewards in the form of TRX for their contributions to the network.
Circulating Supply
As of now, the circulating supply of TRX is around 71.6 billion tokens. The circulating supply refers to the number of tokens that are actively being traded on the market. The remaining tokens are held by the TRON Foundation, locked in smart contracts, or distributed as rewards to Super Representatives.
Max Supply
The maximum supply of TRX is capped at 100 billion tokens. This means that once all 100 billion tokens are minted, no new tokens will be created. The inflation rate of TRX is controlled by the TRON Foundation and the community through voting on proposals.
TRX Burn Mechanism
TRON has implemented a burn mechanism to reduce the total supply of TRX over time. When transactions occur on the TRON network, a small amount of TRX is burned as a transaction fee. This mechanism helps create deflationary pressure on the token supply, leading to potential scarcity and value appreciation over time.
Conclusion
In conclusion, TRX has a total supply of 100 billion tokens, with a circulating supply of around 71.6 billion. The token distribution is divided among various categories, with the TRON Foundation and Super Representatives playing key roles in the ecosystem. The max supply of TRX is capped at 100 billion, and a burn mechanism is in place to reduce the total supply over time. As TRON continues to grow and expand its ecosystem, the value and utility of TRX may increase, making it an attractive investment for cryptocurrency enthusiasts.
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