Tron Users Call On Founder Justin Sun To Burn TRX Supply As It Crosses Over 1 Billion


Some of the TRON enthusiasts are accusing Justin Sun, TRON’s CEO, of lying about TRX’s fixed amount supply, with Misha Lederman calling on him to keep TRX at below 100 billion.

A few TRON fans have expressed on Twitter their negative feelings about Sun and the deception they think he brought to their community. The total supply of TRX was mentioned in TRON’s white paper to be over 100 billion, with the official TRON website showing now a total supply of 100,002,757,644.08.

Misha Lederman Says Sun Eliminated 1 Billion TRX

In one of his tweets, Misha Lederman, who is BeatzCoin’s CCO, accuses Sun of eliminating 1 billion TRX back in June 2018 for the TRX supply to be kept at under 100 billion. After the implementation of rewards for Super Representatives, TRX started minting even more, which led to an increase in the supply. Lederman has also asked Sun to do another token burn.

Sun is Teasing TRON Fans with the MPC Torch Project

Meanwhile, Justin Sun is continuing to talk about his project that was a complete mystery until today. He has invited all crypto enthusiasts in the world to participate in the MPC Torch, his new privacy protocol. Subscription can be done by email and users should operate a server in order to become contributors. The TRON’S MPC Torch Project will use the Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs)-based type of anonymity and already has 20 people joining it, according to GitHub. A special $100 reward will be given to every “privacy pioneer” that comes on board.

The Most Advanced Technology

Justin Sun mentioned the zk-SNARKs type of technology has many times been used for solutions in the Ethereum (ETH) network. Some analysts are saying that such technologies implemented in Ethereum (ETH) permit for payments to take place as rapidly as they do through the VISA system.

TRON (TRX) Live Price

1 TRX/USD =$0.0487 change ~ -5.31%

Coin Market Cap

$3.49 Billion

24 Hour Volume

$736 Million

24 Hour VWAP

$0

24 Hour Change

$0.00

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide