TRX Coin Supply
Tron’s native token TRX has a limited supply. Unlike some cryptocurrencies, especially stablecoins, which do not have a hard cap, TRX holds some scarcity value.
There was a total of around 100 billion TRX tokens released initially by The Tron Foundation.
However, later, in June 2018, the Foundation burnt 1 billion coins worth over $50 million at the time, bringing the total supply of TRX tokens down to around 99 billion.
About 66.5 billion of the TRX supply is in circulation as of now (March 2019) and the remaining 33 billion TRX held by the Foundation will stay locked until January 11th, 2020.
Tron Power – Can I Mine TRX?
Tron Power provides users in the ecosystem with special rights. As long as a user is willing to stake some of their TRX coins, an equivalent amount of Tron Power will be given.
However, holding Tron Power tokens does not make you a miner. It only gives you special voting rights in the ecosystem.
TRX is a pre-mined currency, which means that it is fundamentally different from Bitcoinand Ethereum. With BTC and ETH, block producers or miners receive rewards for creating new blocks.
However, with Tron, all the tokens are already mined, and about 65% of the available TRX is already being traded freely in the open market.
How Much Is TRX Worth?
TRX is an extremely low-priced cryptocurrency. When it was first launched as an ERC20 token, each TRX was worth $0.0019.
On January 5, 2019, TRX peaked and traded at an all-time high of $0.35 with a market cap of $16.75 billion.
TRX is currently trading (March 5, 2019) at $0.024 with a market cap of $1.57 billion making it the 10th largest cryptocurrency.