TRON Foundation Shares Tronics Support Plan Successfully Completes Its Third Phase
The Tronic Support Plan was designed with the sole purpose of enhancing the adoption of its TRX cryptocurrency coin. The Tron foundation released an official announcement on November 5, indicating that the third phase had been completed successfully. The completion of this phase now paves way for the publication of the more than eighty-seven million TRX coins.
All these coins, which had previously been locked by the Tron Foundation are set to be released on to a locked address. The dedicated locked address to host the coins has been ranked number 498 over 935 of the approximately 1000 TRX addresses in existence. It is, however, important to note that the number of tokens that are still being held will not be affected by this release.
The Support Plan Continues to Make Some Advancements
While announcing this news to the user community via its official blog, the platform stated that it had put in place measures that would enable it to start giving back to the people who had been supporting it since inception. According to the announcement, once the more than eighty-seven million TRX coins have been released, the new address will essentially be eliminated from its existing list of locked addresses.
The Foundation went on to state that the digital assets that are still being held by the platform would go on to match the funds being used to fund its supporters. Platform users will be able to confirm this once all the TRX coins still being held by the platform are released in January 2020. Ownership of all addresses that have been released in the past will automatically be transferred to the community.
However, its management will remain in the hands of the Foundation. This means that at the end of the day, the funds that have been released to finance its supporters will always correlate to the digital assets that have not been released to the public.
How Does Tron’s Future Look Like?
Tron Foundation has been consistent in thanking its users for their continued support. In the past, it has been rated as the most engaging platform in the crypto universe. And it appears that this is not likely to change anytime soon as it also thanked the community for helping them attain more than one hundred million users since it went live.
While commenting on this, it stated that it was still hopeful that it would be able to achieve its objective of introducing a Web that was completely decentralized. Complete web decentralization will make it possible for it to continue engaging its supporters and user community who have been relentless in their support and faith in the platform.
It is expected that the Support Plan will pave way for the Foundation to begin making some instantaneous alterations to the total number of coins still in its possession. In the near future, there are plans to compile and publish a complete list of all the people who have been supporting the project as well as the contributions that they have made since the beginning.