Fifth Batch for Tron to Burn 4.9 Billion ERC20 Old Tokens

With the launch of the Tron mainnet back at the end of June of this year, the network came with new TRX tokens. In this fifth round there were a total of 4,917,487,036.059613 ERC20 TRX tokens burnt as reported publicly by the firm.

As the Tron Foundation shifts away from the Ethereum blockchain to the Tron mainnet, the company has burnt old tokens to ease the process. In a fifth batch, Tron burnt over 4.9 billion TRX on September 13, 2018. These are old ERC20 TRX tokens that were being used before moving over to the mainnet, that are to help minimize disorder for Tron users.

Tron’s TRX saw a price jump of nearly 9%, leaving the coin priced at $0.020384. The market cap for the company now rest at$1.3 billion according to CoinMarketCap. The the digital asset hold the thirteenth position in terms of largest cryptocurrency.

Through Trons Medium blog, they posted:

“Currently, TRON mainnet runs smoothly, there are 1058 nodes around the world, block height: 2309162 (As of 18:45, September, 13, SGT), token migration is still in process, meanwhile TRON will keep tronics informed, thank you for your support.”

As the Tron Foundation’s founder Justin Sun continues his campaign for a decentralized internet, this is just on of the latest headlines for the crypto company. Gaining hundreds of thousands of active users after acquiring the peer-to-peer network, BitTorrent, the company got a huge list added to their mainnet. As well as adding Sun, himself, to elected after one day of his candidacy to be a Super Representative.