Home Altcoins News Token Burned Reduces TRX Circulation Improves Reliability of Tron Network

Token Burned Reduces TRX Circulation Improves Reliability of Tron Network

Token Burned Reduces TRX Circulation Improves Reliability of Tron Network

TRON Foundation expressed:  Token burned reduces the TRX circulation, improves the reliability of the TRON network, and promotes TRX into a deflationary mode.

The average daily transfer volume of stable coins on TRON network reached $7,110,079,459 (11.19-11.25) this week.

Further, On Nov 24, Justin Sun TRON and Zhao Xu, founder of Yongle culture, held a successful Livestream of “Metaverse · Modern & Contemporary Art” talking about the world’s top crypto artworks, modern & contemporary art, and art collection.

In his own words verbatim – Justin Sun in the past on having been the highest bidder or Second highest bidder on several NFTs and why Sun bids on NFTS:  I am also like traditional art collectors, but I definitely believe eventually in the next 10 to 20 years, our generation could have all our collection basically based on purely the internet, instead of in the past because of your work and your host work and everything is basically in Gallery in some physical place, you can pay with it, but in the future it is just like how like internet digitalized newspaper and bitcoin digitalized like money and gold.

Money eventually should get to digitalize. Everything we see and every collection you have. I won’t be surprised in the future we will see more and more people share his collection only online rather than we have this kind of offline gallery. So, I believe in the future more and more museums and all these kinds of art galleries going to be moved online.  So, that is like NFT is just like one trend in all these things happening.

And, also recently even I think it is worth mentioning, recently there is game card in China. So, basically the people who bought these – the game cards were confiscated by governments, because he is doing some bribe and the card is confiscated by government. And, the government things are only worse around 20 dollars.  But in one auction the price went to 10 million dollars on government website. So, I think that is like also wild.

I think this is very good example to show basically the younger generation their view of value is definitely what government says. In government’s eyes this is just like a game card getting worse anything at all.  But like with the younger generation, the game is very famous and all the Chinese people are in their younger age.  They play those games.  So, that is why the price goes up to be insane.  So, that is why I think these things will continue to happen.  We don’t know so, right in the future and in 10 years or 20 years, people are still the one that has the most value in the industry. But definitely, I think we are going to have something because in the future they are going to have the same price. It is going to be like because only our generation – we just don’t know who it is, but I think eventually it is going to happen.

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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