Author: Kella Pacquiao, Philippines
Tron, one of the most noted cryptocurrency in market capitalization, celebrated ‘Independence Day’ on June 25 by burning 1 billion TRX tokens.
What’s the hot stuff in Tron’s Independence Day?
Since last year, Tron has come a long way to “decentralize the internet.”
The company decides to transfer its users’ funds from Ethereum to another proprietary blockchain. It was revealed by Tron Foundation that 50 million USD will be burnt as part of the event.
It was also added that this may the largest cost of money ever topple down for the sake of the monumental celebration event.
Afterward, the TRX coins will drop to 99 billion in the count. A number of 33,251,807,524 TRX is currently in hands of foundation and will be untouched until next year.
Letter to the community: #TRON Independence Day. Celebrate on June 25th as we become a free, autonomous, and self-governed decentralized internet. Join us in celebrating with a 🔥🔥1 billion #TRX coin burn! @Tronfoundation https://t.co/NZrpDq6V9V pic.twitter.com/NFmIjRAF6u
— Justin Sun (@justinsuntron) June 21, 2018
Launching its main net
Following the independence, Odyssey 2.0 project was announced on May 31st UTC midnight.
The company founder, Justin Sun, shout out the launching of the project in a tweet:
— Justin Sun (@justinsuntron) May 31, 2018
After the event, a towering airdrop occurred. It happened in early May as a symbol of appreciation for the Ethereum community.
It also left a mark as a farewell for the Independence Day.