Tron Foundation Burns Another 182.4 Million TRX ERC20 Tokens

During the ICO phase of the Tron project, 100 Billion TRX tokens on the Ethereum blockchain were issued to investors. When Tron declared independence from the Ethereum network on the 25th of June, there was a token swap of these ERC20 tokens with the newly minted TRX coins on the Tron blockchain. The token swap still continues to this day as prominent exchanges such as Binance, promised to support the process until all 100 Billion initial TRX were swapped.

It is with this background that Justin Sun announced via twitter that the Tron foundation had completed its 8th ERC20 token burn consisting of 182,359,804.286079 TRX. Justin also went ahead and provided an EtherScan link verifying the transaction. Justin’s full tweet can be found below.

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