From March 30, 2021 to April 5, 2021, the TRX token completed its first deflation in history. According to calculations analysts of the KickEX cryptocurrency exchange, the total supply of TRX tokens was reduced from 101,678,790,175 to 101,673,029,723, which became 5,760,000 less, in the amount of $ 780,000 (as of 04/06/2021).
This event came after a consensus among the TRON community, which led to the transformation of TRX into a deflationary asset, and thus marks the first step of TRX from inflation to deflation.
TRX's transition from an inflationary asset to a deflationary asset strengthens its value.
As a native token on the TRON network, TRX bringsits holders, which can be KickEX traders, have a stronger position in the exchange of assets. TRX has demonstrated its strength as one of the earliest cryptocurrency developers and will continue to be a major production vehicle in the era of inclusive Web 3.0 as TRON focuses on developing infrastructure for a “decentralized” internet, attracting Ethereum developers at its low cost.
TRON protocol which supports one ofthe world's largest blockchain-based decentralized operating systems, aims to provide scalable, highly available and high-performance support that serves as the foundation for all decentralized applications in the TRON ecosystem. The protocol also uses an innovative pluggable smart contract platform to improve compatibility with Ethereum smart contracts.
At the end of July 2018, TRON acquired BitTorrentInc., an Internet company headquartered in San Francisco with more than 170 million consumers monthly, and BitTorrent Inc. delivers 40% of the world's internet traffic every day.
The distributed technology developed by BitTorrent Inc. is highly scalable and allows creators and consumers to control their content and data.
The market capitalization of TRX tokens is over $ 12.58 billion as of 04/08/2021.