Today, on June 25th, TRON announced the buyback of TRX cryptocurrency in the amount of $20 million. The redemption of coins will occur in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details to promote community activity and market stability.
TRON cryptocurrency buyback
According to the official blog post, because the TRON ecosystem continues to grow, the developers made two official statements. The first relates to the TRON buyback plan, and the second to the TRX Holding plan from the TRON fund.
Interesting in the section: Tron: features and prospects
As indicated, in order to promote community activity and market stability, the largest TRX buyback plan with a wide coverage in the secondary market will be implemented. The buyout will continue throughout the year and will be conducted in several batches of no more than $20 million.
In addition, the TRX TRON stock holding will be unlocked on January 1, 2020. At the moment, TRON has not yet developed any plan for how to handle an unlocked TRX and will continue to increase the share of TRX in the secondary market. This is necessary for confidence in the development of the TRON ecosystem.
The buyback of a TRON cryptocurrency asset will be worth $20 million. Recall that recently the developers of the asset have reported on the planned and complete updating of the cryptocurrency system to simplify the creation of applications on the platform.
Editor: Pereyidenko Ihor