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TRON Super Representatives to receive 50m TRX from the Tron Foundation

By:
on Jan 3, 2020
Updated: Mar 11, 2020
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  • TRON's CEO, Justin Sun, recently announced that the Tron Foundation is ready to deliver 50 million TRX to its Super Representatives.
  • The amount will come in a giveaway on January 7th, with a goal of incentivizing SRs and encouraging them to continue their efforts to make TRON a better, stronger network.
  • TRX is certainly not giving up as it balances at the edge of the list, and its efforts were noticed by the community.

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According to a recent report by TRON’s CEO and founder, Justin Sun, the Tron Foundation is ready to disburse over 50 million TRX coins to its Super Representatives. The amount translates to around $650,000, and the process is set to begin on January 7th of this year.

Sun’s report also states that the giveaway will follow certain rules, such as the fact that genesis representatives, including exchanges, SRs, and staking services, will be excluded.

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The goal of the giveaway is to provide an incentive to Super Representatives and inspire them to focus on future development in regard to blockchain technology, as well as the community itself.

Good news for TRON keep piling up

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When it comes to the TRON community, it adopted two proposals that would lead to the integration of new incentivizing mechanisms for Super Representatives. The 50 million TRX Giveaway, which is about to start in four days, will reward 20 Super Representatives, and hopefully, increase their efficiency on the TRON blockchain.

The Representatives will receive a share of the reward depending on the blocks, and the percentage of blocks generated by all participating Super Representatives since TRON’s Genesis Block.

The current development is a continuation of generally positive moves that started happening to the project in late 2019. During the last two years, TRON made some major moves that captured the headlines for quite a while, including the acquisition of BitTorrent, listing on Poloniex, as well as the migration of DLive to TRON’s blockchain.

Also, while TRX was pushed out of the list of top 10 cryptocurrencies, it kept returning to it, even though it would only be pushed out again.

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