TRON buys back the TRX for 20 million dollars

The Tron Foundation has announced the buyback of Tronix (TRX) for US $ 20 million. With the purchase of the platform's own crypto-currency Tron wants to promote the "Community activity", as well as the market stability.

By Christopher clover
On the 27. June 2019BTC$11.821,00 -8.07%part Facebook Twitter LinkedIn xing mail

The Tron Foundation has given your Community a piece of candy or perhaps a Lollipop that lasts for a year and at least 20 million US costs a Dollar. He, therefore, comes in the form of a buy-back plan and is intended to exert a stimulating effect on the Community Activity. At the same time the buy-back of TRX by its Creator to serve the market stability of the Tron-Ecosystem. On your media presence, the Tron Foundation commented: to promote

the activity of the community and the market stability, we perform by far the largest TRX-buyback plan, with the greatest cover in the secondary market, to last for a year, and in several batches, with not less than 20 million US dollars will be carried out.

With further Details regarding the buyback plan, the Tron Foundation yet covered. In the short announcement, the speech is also only assume that the Foundation of your TRX-deposits on 1. January 2020 and in the future with TRX stock would put it:

The TRX-stocks of the TRON Foundation on 1. January 2020 is enabled. At the present time, the TRON's Foundation has no specific plans for this released amount of TRX. The Foundation will increase our TRX positions in the secondary market, our confidence in the development of the TRON-manifest Ecosystem.

Meanwhile, in New York: preparing for Buffett-Date in full swing

Last Tron-co-founder and CEO Justin Sun with the bid for a dinner with the investor legend Warren Buffett in a Charity event with a spectacular Marketing Coup landed, which should also help the Tron-Ecosystem to more legitimacy. Meanwhile, further Details of the 4,56-million-US-Dollar have been released Lunch. After that, the choice of the hotel fell on New York's 3-star Restaurant. In a on 27. June published blog post, hope will position Sun as a bridge-Builder between crypto - and traditional financial sectors:

I, that the lunch marked a step, whether big or small, to bridge the gap between the Blockchain-industry and traditional investors. I am looking forward to discuss the investment strategies of Buffett, and I am looking forward to hearing what great things to schedule other guests to push the industry forward.

of Course, the Sun makes no secret of the fact, where is this bridge on the side of the Blockchain-Economics should begin:

With exciting new Blockchain projects that come from Facebook and Project Libra, J. P. Morgan and IBM, is the industry-on the threshold of to be the force, I've always believed. For the TRON - and the BitTorrent Community, I will speak with Buffett and other participants about how we integrate the Blockchain in BitTorrent, with over 100 million active users per month and what are we doing to expand the TRON-Blockchain, and to maintain.

The Meeting will be on 25. July to take place.

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