Justin Sun: TRON will not sell 33 billion TRX and will carry out a token buyback campaign
Justin Sun, CEO of TRON blockchain project, streamed live on his company’s recently acquired DLive platform on December 3 and shared plans for the near future..
According to Sun, TRON has no plans to sell the 33 billion TRX unlocked in the project’s wallets on January 1. He also recalled a plan to buy back tokens, which was announced in 2019, in order to limit their circulating volume..
Talking about the prospects for DLive, which became part of the BitTorrent ecosystem in late December, Sun said that the decentralized platform will compete with centralized ones like YouTube, Periscope and Facebook and will actively attract crypto bloggers to post content. At the same time, the TRON CEO himself attracted a small number of viewers to his broadcast on DLive compared to Periscope and YouTube, where he also broadcast.
In addition, the TRON Foundation today announced the distribution of 50M TRX ($ 667,000) rewards to super representatives on its blockchain as an additional bonus for their services..
San’s assurances did not have a tangible impact on the price of TRX – the cryptocurrency is still ranked 12th in the list of the largest digital assets by capitalization, having risen by one and a half percent along with Bitcoin and the broader market.
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