TRON (TRX) is a decentralized blockchain platform(Layer 1) designed to support the development and execution of smart contracts and high-throughput applications. TRX token is used for transactions, as a store of value, and as a voting token within the TRON ecosystem. The TRON network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which allows for faster transaction speeds and scalability compared to traditional blockchain systems.
TRON was founded by Justin Sun in September 2017 and launched its mainnet in May 2018. For the big event, in October 2022, the Caribbean country Dominica passed legislation confirming that multiple digital currencies under TRON are legal digital currencies in the country and have legal currency status. This is also the second batch of cryptocurrencies in the world that have been granted legal digital currency qualifications after Bitcoin.
Recently, TRON is also deploying in the field of real world assets, stUSDT as the first RWA token issued by TRON has already attracted more than 750 million staked USDT as collateral.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Tron (TRX) and review the project details below.
What is the allocation for Tron (TRX)?
As per the charging documents filed by the SEC, the total supply of TRX is 100 billion, and the initial allocation of TRX is as stated below.
- 40% was allocated to ICO
- 35% was allocated to Tron Foundation and Tron ecosystem
- 15% was allocated to Private Offering
- 10% was allocated to Peiwo (Justin Sun's company)
What is the supply schedule for Tron (TRX)?
The circulation of TRX tokens is determined by the daily production and destruction volumes. According to the official definition, the TRON network rewards 176 TRX for each block produced, which is paid to the block producer and voters. Destruction comes from transaction fee burning and Independence Day burning (on June 25, 2018, when the TRX network was officially launched, 1 billion tokens were burned at once). If you want to know the specific data for each day, please visit https://tronscan.org/#/data/charts/trx/generated-burned
TRON (TRX) is a decentralized blockchain platform(Layer 1) designed to support the development and execution of smart contracts and high-throughput applications. TRX token is used for transactions, as a store of value, and as a voting token within the TRON ecosystem. The TRON network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which allows for faster transaction speeds and scalability compared to traditional blockchain systems.
TRON was founded by Justin Sun in September 2017 and launched its mainnet in May 2018. For the big event, in October 2022, the Caribbean country Dominica passed legislation confirming that multiple digital currencies under TRON are legal digital currencies in the country and have legal currency status. This is also the second batch of cryptocurrencies in the world that have been granted legal digital currency qualifications after Bitcoin.
Recently, TRON is also deploying in the field of real world assets, stUSDT as the first RWA token issued by TRON has already attracted more than 750 million staked USDT as collateral.
Above are only for introduction, not intended as investment advice.