How often does TRON conduct coin burns?

3 answers

• Dec 17, 2021 · 3 years ago
  TRON conducts coin burns periodically to reduce the total supply of TRX tokens in circulation. These coin burns are usually carried out every quarter, with the exact timing and amount of tokens burned announced by the TRON Foundation. The purpose of these burns is to increase scarcity and potentially drive up the value of TRX tokens.
  335168
• Dec 17, 2021 · 3 years ago
  Coin burns are a common practice in the cryptocurrency industry to manage token supply and maintain a healthy ecosystem. TRON follows a similar approach and conducts coin burns on a regular basis. The frequency of these burns may vary depending on market conditions and the overall strategy of the TRON Foundation.
  314105
• Dec 17, 2021 · 3 years ago
  According to the official TRON website, coin burns are conducted by the TRON Foundation on a quarterly basis. These burns aim to control inflation and enhance the value of TRX tokens. The exact amount of tokens burned and the specific date of each burn are announced by the TRON Foundation in their official announcements.
  32281