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TRX burn rate increase

1/10/2021

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TRX burn rate increase

Looks like the TRX burn rate exceeded voting reward rate today. As a result, the number of net new TRX was negative (see screenshot below). Is this the first time this has happened? Any thoughts on what specific factors were responsible for the spike in burn rate (which DApps)? Do you think this could be sustained?

This would be the holy grail for the TRON network, so it's something that I look at very closely. Curious to hear your thoughts.

Edit: I scrolled all the way back to 12/29/2019 (a little over a year ago) and the net new TRX has always been positive and is usually between +4 to +5 million per day. My guess is that this is the very first time it's ever been net negative. Very intriguing.

https://preview.redd.it/b6q1scvomma61.png?width=1673&format=png&auto=webp&s=8077678a3281d04dbe58cfb399359e9c217cd5cf

submitted by /u/pantaloonsss
[link] [comments]


via Community for TRONICS https://www.reddit.com/r/Tronix/comments/kuuqbc/trx_burn_rate_increase/
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    Tronix

    TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX. TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens.

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