Because of the fall of BTC. Since tron has limited USD pairings (majority of which is BTC/ETH). This will change soon as we are adding Trx/USDT pairings in this month. Any further questions please feel free to reach me.
To commemorate this exciting moment, TRON Foundation will conduct a burn of 1,000,000,000 TRX all at once, which is worth 50 million USD according to today’s market price.
This may set the record for the most amount of money destroyed in human history in celebration of a historic moment.
The amount of TRX at the beginning of mainnet launch will be reduced to 99,000,000,000TRX, and the remaining 33,251,807,524 TRX held by TRON foundation will stay locked until January 1th, 2020.
To ensure the transparency and fairness of the TRON Protocol, we will now disclose the process where the community reaches a consensus on TRON independence . We look forward to the engagement and participation of all Tronics.
TRON’s mainnet launch process includes four major phases: Preparation, Guardian Phase, Genesis Phase, and Constitutional Phase.
The 1B Coin burn is done. If you do the math you will see that the burn was never going to have much affect on price with the supply as high as it is (possibly one tenth of a penny USD). The ongoing burn is interesting. Hopefully that has a slow, long term positive result for us long term hodlers