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What is the issuance and circulation of TRX coins?

The initial coin offering (ICO) in September 2017 raised $70 million, issuing 99.2 billion TRX coins out of a total supply of 100 billion.

Oct 07, 2024 at 04:24 am

The Issuance and Circulation of TRX Coins

1. Issuance of TRX Coins

TRX coins were first issued in September 2017 through an initial coin offering (ICO). The ICO raised a total of $70 million, with participants contributing various cryptocurrencies in exchange for TRX.

2. Total Supply

The total supply of TRX coins is 100,000,000,000 TRX, of which 99,215,810,000 TRX were initially issued during the ICO. The remaining 784,190,000 TRX were reserved for future development and ecosystem growth.

3. Token Distribution

The distribution of TRX tokens is as follows:

40% (40,000,000,000 TRX): Public ICO
35% (35,000,000,000 TRX): Tron Foundation (for development and operations)
10% (10,000,000,000 TRX): Founding team and advisors
15% (15,000,000,000 TRX): Future development and ecosystem growth

4. Circulation

As of February 2023, approximately 92,722,281,341 TRX coins are in circulation, representing over 92% of the total supply. The remaining supply is held by the Tron Foundation and other stakeholders for future use.

5. Burn Mechanism

TRX employs a unique burning mechanism known as TRX Power (TP). TP is a virtual resource that is consumed when certain transactions or operations are performed on the Tron blockchain. As TP is消耗, TRX coins are permanently removed from the circulating supply, reducing inflation and potentially increasing the value of remaining TRX tokens over time.

6. Circulation Tracking

The circulation of TRX coins can be tracked on websites such as CoinMarketCap and Binance, which provide real-time updates on the circulating supply and market capitalization of TRX.

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