Tron founder Justin Sun has waded into the ecosystem’s conversation amid a push to explore avenues to enhance the protocol’s deflationary status. The Tron ecosystem is pushing a new proposal to implement a Bitcoin-like halving for TRX. In his post on X, Justin Sun revealed how the move will not disadvantage current validators in the ecosystem.
Justin Sun and Advocacy for TRX Halving
As explained on X by the Tron founder, Bitcoin developers had to evolve to limit their reward to users involved in crypto mining at the time. Going back memory lane, he noted that Bitcoin had to create an attractive 50 BTC per block reward to bootstrap the network.
However, as the protocol grew, halving helped reduce the incentives to a sustainable level. Liking it to the Tron ecosystem, Justin Sun recounted that TRX is a deflationary asset that drops 1% per year. This made it the only deflationary asset among the top assets.
As revealed, the massive rally in the price of TRX has pushed up the reward considerably. This, he believes, might make sense if a moderate slash is approved by the community. Per the analogy, he noted that the Tron ecosystem can achieve a 1.5% per year deflation by paying out about 1 million TRX in validator rewards daily.
Notably, increasing this daily payout to 2 million TRX will increase deflation by 2% per year. To Sun, even if the community approved the halving reduction, Tron will remain an attractive chain for miners.
The Tron Ecosystem Updates
Beyond the TRX halving clarification, Justin Sun has been front-running many positive ecosystem updates. Over the past week, the Tron Founder has revealed the push for Tron integration on Solana. This partnership is poised to increase the transfer of native tokens across both chains.
In addition, the ecosystem is also being increasingly embraced by top industry stakeholders. CoinGape reported that Justin Sun was appointed an advisor to President Trump-linked World Liberty Financial International (WLFi).
Since then, TRX has remained a favorite for the coin in WLFi’s portfolio. Reports also show that TRX may bag an inclusion in the crypto reserve that the US government is putting together.
TRX Price and Performance Outlook
The price of TRX remains under the radar amid the growing shift in network supply and related trends. When writing, the coin changed hands for $0.2366, up by 0.13% in 24 hours. Amid the week-long fluctuations, the coin’s price rose from a low of $0.2305 to a high of $0.2373, showing a relatively mild volatility.
However, earlier TRX price predictions from Sun teased the coin as hitting an all-time high soon. Analysts remain speculative about how the Tron halving proposal will shape out and its impact on price.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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