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- In a recent tweet by a cryptocurrency supporter on July 25th, revealed that the CoinMarketCap has finally updated information regarding the TRON digital asset.
- After correction, CoinMarketCap reported a total of 71.6 billion of TRON circulating supply and a total $100.85 billion total supply.
- He also accused the TRON platform of lying since the creation of Genesis block back in 2018.
In a recent tweet by a cryptocurrency supporter on July 25th, revealed that the CoinMarketCap has finally updated information regarding the TRON digital asset. After correction, CoinMarketCap reported a total of 71.6 billion of TRON circulating supply and a total $100.85 billion total supply. Previously, it reported approximately 5 billion less than its original circulating supply. He also accused the TRON platform of lying since the creation of Genesis block back in 2018.
1/2 Finally @CoinMarketCap updated the correct info for #TRON
71.6 billion circulating now & 100.85 bil total supply
Prior to the change, they were reporting 5 BILLION less circulating supply!
Let that sink in people. The @Tronfoundation has been lying since the genesis block! pic.twitter.com/dK7TBDwDRU
— Crypto Tone (@Crypto_Tone1) July 25, 2020
Tron Foundation Accused of Lying to Investors Over Supply
Cryptotone further mentioned that this was corrected only because of investors like him in the crypto who bought this into the light. There are still some things that are yet to be done about this yet as soon as possible. The options included: firstly burning of the foundation supply and secondly lesser rewards to the TRX stakers.
2/2 the only reason this got done is bc investors like myself have brought this info to light
Now that we have this corrected, we need to see something done about this ASAP
Options are:
1 – Burn the foundation supply or
2 – less rewards for stakersComment ur thoughts
— Crypto Tone (@Crypto_Tone1) July 25, 2020
TRON, the decentralised platform based on Blockchain technology, is the brainchild of Justin Sun. The CEO often refers to the platform as one of the competitive major public chains in the world.
TRON Declared Its Independence From Ethereum On June 25th, 2018
TRON platform established in the year 2017. Its native cryptocurrency, as mentioned above, is known as TRX. It is ranked as the 16th largest cryptocurrency based on total market capitalization. As of now, TRX is trading at $0.01847020. On June 25th, 2018, TRON declared its independence from its host, the Ethereum platform. It marked the completion of the token migration from ERC20 to mainnet. On June 25th the Genesis block was created, and Odessey 2.0 was launched.
Some Crypto Data Sites Show Contradictory Information About TRX’s Supply
However, the correction has only been made in the CoinMarketCap website. Other cryptocurrency data websites such as CoinGecko and CoinDesk show the previous circulating supply, which is 66.75 billion TRX, and total supply is 99,281,283,754 TRX. In contrast, the CoinMarketCap website shows that the circulating supply is 71,659,657,369 TRX, and the total supply is 100,850,743,812 TRX. It is tough to ascertain whether TRON has been lying about its circulating supply as it has been accused earlier from these contradictory data from different sites.
