How many Tron coins are there?
The circulating supply of TRON coins (TRX) is 922,719,893,279 coins. The determinants of circulation include initial issuance, burning mechanism and new coin issuance. Higher circulation can cause prices to go down, while lower circulation and the burn mechanism are good for price increases.
The circulation of TRON currency
TRON currency (TRX) is a currency based on blockchain technology Cryptocurrency issued by the Tron Foundation. As of March 8, 2023, the total circulating supply of Tron coins is 922,719,893,279.
Calculation of circulating amount
The circulating amount of Tron currency is determined by the following factors:
- Initial issuance amount:During the initial coin offering (ICO), the TRON Foundation issued 990,000,000,000 TRON coins.
- Destruction mechanism: The TRON network has a destruction mechanism called "Energy Mechanism", which will destroy a portion of the TRX tokens generated by transaction fees.
- New coin issuance: The TRON network creates new TRON coins through the "super representative" mechanism to reward nodes that contribute to the network.
The influence of circulation volume
The circulation volume of TRON currency will affect its price and market volatility.
- Higher circulation: will lead to excess supply in the supply and demand relationship, thereby exerting downward pressure on prices.
- Lower circulation: can lead to tight supply in the supply and demand relationship, thereby exerting upward pressure on prices.
- Burning Mechanism: By reducing the number of TRX tokens in circulation, you can increase its relative scarcity and support price increases.
- New Coin Issuance: Can create downward pressure on the price by increasing the number of TRX tokens in circulation, but can also support price increases if the rate of new coin issuance is slower than the rate of destruction.
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