Tron’s $20 Million BuyBack Plan Could Keep The Bears In Check

2019-6-25 16:57

On this special day, Tron network celebrates its Independence Day, marking one year since it migrated from the Ethereum network to its own blockchain, MainNet. The Chief Executive Officer and Tron founder, Justin Sun, on a live stream, graced the day with a special announcement.

The announcement includes all the future plans of Tron for the crypto community; a $20 million TRX Buy Back plan, launching of BitTorrent speed beta next week, hosting of Tron summit 2020, in Seoul.

The Buy Back plan is mind-blowing, likely to trigger a bull run. Buying back coins or tokens is a way to strengthen the utility of a token, which will stir the interest of investors. The Buy Back program is scheduled to last for a year and it will boost TRX’s performance, which is already set on an upsurge since last week.

Tron CEO stated that this will be the “industry’s largest” Buy Back program, with the largest coverage in the secondary market. It will include buying back Tron from the secondary market in several batches with no more than $20 million.

Tron Foundation is set to increase TRX holding, this move will show the level of confidence vested in the coin and its future by Tron team. Tron is one of the altcoins that grew along with Bitcoin after it has been hanging on a very low performance since the first quarter of this year. 

Tron (TRX) made it back to the top ten list in crypto rankings just as the CEO promised it would. It has maintained an upward movement in price since last week, at a percentage better than other major cryptos.  

At the time of writing Tron (TRX) is trading at $0.038, though a bit lower than yesterday price at $0.039, according to the coinmarketcap.com curve there are indications it will continue surging higher.

TRX Chart By TradingView

Tron Buy-Back plan is a good one but the SEC still has roles to play in determining how effective it will be. The commission has recently been churning out a lot of stringent rules that may stifle the Buy-Back plan.

The post Tron’s $20 Million BuyBack Plan Could Keep The Bears In Check appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0381418 (-100%)

tron day check announcement network special buyback

Источник: zycrypto.com

tron day → Результатов: 126


Tron [TRX] independent group [TIG] – The backbone of independence day

Tron independent group [TIG] consists of 27 anonymous volunteering Genesis Representatives [GR]. These volunteers take care of the migration process and safeguard the TRX tokens at the same time. Tron Foundation mentions:  “During the transitioning period when the GR are being replaced by other SR, TIG will be in charge until this process is complete.” Tron Foundation’s tweet […]

2018-6-26 22:37


Фото:

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears

John McAfee’s decision to stop shilling ICOs as a regulatory day of reckoning draws near is the top item in today’s edition of Bitcoin in Brief. Additional stories include Bittorrent trying to reassure users it wont cryptojack them to mine tron, Binance’s latest venture in Malta, a tether replacement getting VC backing, and Paris Hilton’s dad […] The post Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears appeared first on Bitcoin News.

2018-6-20 13:13


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02


Сможет ли TRON вернуть себе бычий тренд?

Остались буквально считанные дни до еще одного значительного этапа в развитии TRON (TRX). 26 июня должны состояться выборы супер-представителей. Но инвесторов в эту криптовалюту, гораздо больше интересует, когда цена на TRX начнет восстанавливаться.

2018-6-13 14:44


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON Network Surpasses 95 Million Addresses: A Sign Of Growth

The TRON network has achieved a remarkable milestone, surpassing 95 million addresses. This figure is particularly noteworthy when compared to other layer 1 networks like Cardano and Avalanche, which have fewer than 10 million addresses each.

Poloniex hit by $100 million theft, hacker boosts Tron’s TRX

Crypto entrepreneur Justin Sun has offered the Poloniex hacker a 5% bounty to return the stolen funds within the next seven days. The hack Earlier today, Sun said Poloniex was investigating a hacking incident without providing additional information.