Tron Price ‘Ready to Fly’ as Justin Sun Gives Away 50 Mln TRX to SRs

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    The Tron Foundation gives away 50 mln TRX to the Super Representatives, while a crypto trader goes bullish on the TRX price

Tron Price ‘Ready to Fly’ as Justin Sun Gives Away 50 Mln TRX to SRs
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Tron has been quite active in making new partnerships and getting TRX listed on various crypto exchanges, both in 2018 and this year. Today, TRX got listed on the Poloniex exchange. However, the price has not risen much so far.

The situation is similar to the price of XRP. However, now a crypto trader with 216,000 followers is predicting that the price of TRX is going to surge.

‘TRX is ready to fly’

The crypto trader and investor that goes by the name @crypto_rand has posted a screenshot of a chart, saying that TRX is ready to skyrocket.

All grounds for that have been here for a long while already. The most recent fundamental factor is Tron’s partnership with Samsung, when the South Korean giant integrated Tron APIs and will now support Tron-based dApps.

In addition, on November 8, the crypto baron John McAfee launched his McAfeedex on the Tron chain and added support of all Tron-based tokens, including BeatzCoin and WINk.

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Tron gives away 50 mln TRX

Recently, Tron adopted the proposals #22 and #27 to do with a new decentralized voting rewards system on the Tron chain. Now, the Tron Foundation wants to thank its Super Representatives for voting and intends to distribute 50 mln TRX among them.

The Medium blog post says that the total amount of votes has surged from 9 bln to 22 bln, which shows that the community engagement has risen exponentially. Among the SR who are candidates to receiving part of the 50-mln-TRX award are Binance, Huobi and a few others.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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