{"id":7541,"date":"2018-06-22T02:03:07","date_gmt":"2018-06-22T02:03:07","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=7541"},"modified":"2018-06-22T02:03:07","modified_gmt":"2018-06-22T02:03:07","slug":"tron-to-carry-out-1-billion-trx-token-burn","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/tron-to-carry-out-1-billion-trx-token-burn\/","title":{"rendered":"Tron To Carry Out 1 billion TRX Token Burn"},"content":{"rendered":"

\"\"Justin Sun, the founder of Tron (TRX) network, has published a detailed guide of the events that are planned for the upcoming days. It can be remembered that Tron released its mainnet on May 31 and beta phase is currently going on. <\/p>\n

Sun has also announced that Tron Foundation will burn 1 billion tokens, worth $50 million, to celebrate the token migration. Tron will launch its mainnet in four stages<\/a>: Preparation, Guardian Phase, Genesis Phase, and Constitutional Phase.<\/p>\n

Stage 0: Preparation<\/strong><\/h2>\n

Four days before, the Tron community selected volunteers to serve as Tron\u2019s Genesis Representatives (GR). The volunteers were selected from Tron\u2019s Super Representative candidates, who have a block generation record of over 99% for more than five consecutive days.<\/p>\n

On June 19, Tron ran a crisis management drill for mainnet crash. During this process 2\/3rds of the super nodes were shut down and deliberate change in protocol version was effected. A day later, the first rehearsal of the mainnet launch was carried out. Yesterday, the GR candidates conducted the second rehearsal. Today, Tron will finalize the list of GRs who will form the Tron Independence Group anonymously. This is intended to prevent cyber-attacks and ensure a successful mainnet launch. Tomorrow, based on the rate of block generation, a GR will be selected as a Genesis Boot Node (GBN) using an algorithm.<\/p>\n

<\/p>\n
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Independence Day Facts: 1) 6\/25: 1B #TRX<\/a>($50M) coin burn 2) #TRON<\/a> Independence Group helps launch Mainnet with 4 phases\u2014Preparation(Done), Guardian, Genesis, and Constitutional(after SRs replace GRs. Officially online). See link: https:\/\/t.co\/1rd0MKuqEn<\/a> pic.twitter.com\/jNKxrd7ABx<\/a><\/p>\n

\u2014 Justin Sun (@justinsuntron) June 21, 2018<\/a><\/p><\/blockquote>\n