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Tron Lied about Circulating Supply Since Genesis Block, Crypto Trader Reveals Evidence


newslogical.com 26 July 2020 20:00, UTC
Reading time: ~2 m

Popular crypto trader Crypto Tone has revealed in a scintillating tweet that Tron lied about its circulating supply. The trader posted an image from Coinmarketcap which showed that the crypto data aggregator had updated the circulating supply of Tron. 

This updated value saw an increase in the total circulating supply by 5billion tokens which is an exponential increase. This according to Crypto Tone means that Tron had lied from its Genesis Block about the number of TRX tokens in total supply. 

Tron since its inception has been plagued with suspicion from some quarters in the crypto ecosystem with different accusations thrown against the CEO Justin Sun. The eccentric Sun is known for hyping projects to mixed success. 

However, Crypto Tone’s accusation goes directly to the driving force of the Tron ecosystem which is the TRX token. Surprisingly he also offered some solutions to the increased number of trx updated on the Tron ecosystem. 

One of which was for the Tron Foundation to burn some of its holdings or to introduce a form of halving that reduces rewards for staker. His tweet as expected drew attention with different crypto enthusiast giving their opinion about the discovery and Tron. 

Tron partners with Zeelapay

UAE based blockchain platform Zelaapay revealed on the 24th of July that it had entered a strategic partnership with Tron. The partnership is set to promote collaboration and synergy between the two organizations. 

Tron will also be able to tap into the promising crypto market of the oil-rich United Arab Emirates which has been receptive in recent years to blockchain technology. Zelaapay is one of the biggest platforms in the UAE and has been developing a gateway.

Tron will be able to access the huge users on Zeelapay platform as it continues to push adoption across the Middle East. This is the second huge deal for the UAE platform after they onboarded Digibyte earlier in July. 

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