Tron Added 10 Million USDT To The Initial 160 Million Supply
Not too long ago, it was reported that Tron revoked the power of GR.
Along the way, the network was able to prove its decentralization further by introducing Super Representatives (SR).
The SRs of Tron contributed a great deal to the massive success of the crypto project.
The SRs would vote upon the proposals before global adoption. Sun recently updated the Tron community on this issue with this tweet:
“Our next effective proposal, Proposal #3 – Removal of GR Genesis Votes, was proposed by @_CryptoChain_ and approved by 25/27 #TRONSRs on 18/11/8.”
Tron adds more than 500k users to have permission to the dApps
It’s been recently reported that Tron (TRX) added more than 500k users that have permission to the dApps in the third quarter of 2019.
More than that, the foundation of the Tron platform, Justin Sun revealed the new 160 million USDT issuance on top of Tron.
There are currently 30 diverse exchanges that are helping TRC20 based USDT tokens.
The exchanges include Huobi, Bitfinex, OKEx, KuCoin and several others.
Sun said that more people are in favor of USDT-Tron and he also anticipates that the current supply of the stablecoin will increase to 200 million.
He also made sure to highlight the fact that the community data means that the increase of the overall supply of the USDT stablecoin released on Tron.
— Justin Sun (@justinsuntron) October 12, 2019
Tron’s undervaluation is pointed out
While some of the people in the community criticize Sun, others address the fact that TRX is still a really undervalued coin.
For instance, someone said: “Unpopular Fact: TRON has a higher NVT ratio than Bitcoin and Ethereum. Network Value to Transactions Ratio provides us with insight into how to assign fair value to coins. For me, this is a good indicator of relative value to other cryptos, but also means TRX is very undervalued.”
Speaking of TRX’s value, at the moment of writing this article, TRX is trading in the green, and the coin is priced at $0.016625.
Founder of TRON (TRX)
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Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.