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Tron Foundation is set to disburse over 50 million TRX tokens (~$650,000 USD) to Super representatives starting 7th January 2020 at 0000 hrs. (SGT). According to the official report from Tron’s founder, Justin Sun, the giveaway is set on certain rules with exchanges, staking services and SRs who are genesis representatives all excluded from the giveaway.
The giveaway is set to incentivize the SRs with a key focus on future development from the blockchain and the community.
Tron Foundation launches 50 M TRX giveaway
The Tron community adopted two proposals to kick off a new incentivizing mechanism for their Super Representatives given the exemplary growth across the blockchain through November 2019. The 50 million TRX giveaway, approximately $661,000 USD at current rates, will reward 20 SRs to boost effectiveness on the blockchain. The Medium report reads,
“TRON Foundation rewarded community SRs with 50 million TRX, hoping to see their continued effort in maintaining a healthy TRON ecosystem.”
The SRs will receive their share of
TRX in an uptrend as top 10 slot firmly in sight
Tron has had a lot of positive developments at the close of 2019 with the acquisition of BitTorrent, Poloinex and migration of DLive (decentralized YouTube) to the Tron blockchain some of the most notable achievements. Well, the break into the top 10 list is also a notable achievement and despite dropping off to the 12th place, as at time of writing, the token looks set to break into the biggest 10 cryptocurrencies once again.
Image from Coinmarketcap
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