TRON (TRX) has been in a deflationary state for almost a year
According to the announcement, the total amount of TRON’s tokens at the end of this deflationary period reached 9.6 billion TRX. As per the data, the number of TRX generated hit a maximum of 5,273,312 on August 14, 2021, while the number of tokens burned hit a maximum of 1,106,056,407 on May 22, 2022. as announced by TRONSCAN, the official explorer of the TRON blockchain, in a tweet on October 17.
TRON’s token has been touted as being a deflationary cryptocurrency after the network’s community agreed in February 2021 to make it deflationary by introducing a burning mechanism that reduces its total circulating supply over time. This means that the number of its coins in circulation is decreased from time to time, making the coin more valuable, as opposed to inflationary cryptocurrencies and traditional fiat money, the value of which depreciates as banks and networks mint new coins.
Source
https://t.me/Cash_Blockchain_News
