Tron Reveals Independence Day TRX Coin Burn Addresses of Over 33 Billion Locked
Tron was able to complete and initiate its Mainnet on June the 25 after several months of preparation. The process was completed with the help of the Tron Independent Group (TIG).
With the intention to keep the safety of the network, the assets were locked by the Tron Foundation. In a blog post uploaded by the company, they informed that from 34,251,807,524 TRX, the company burned 1 billion TRX during the mainnet launch. The TRX were locked in 1000 addresses of TRON mainnet.
— Justin Sun (@justinsuntron) July 1, 2018
At the same time, the 1,000 addresses were revealed.
The post also explained that to let Tronics search these addresses in a more convenient way, the Tron Foundation will be making a query tool for these addresses.
Some days ago, Charles Hoskinson, Cardano’s Founder offered Justin Sun and Tron to use their Mantis clients, adopted initially by Ethereum Classic. Sun was able to answer this proposal some days later, saying that they would be certainly looking at it in order to build an advanced blockchain network.
At the moment of writing this article, Tron is the 11th most important virtual currency according to its market capitalization ($2.44 billion dollars). Each TRX can be bought for $0.037 dollars.