What happened after the reduction? TRX flywheel starts accelerating the deflation mode
The story began two weeks ago when the TRON network passed the reduction proposal by a large vote, which officially came into effect on June 13 at 14:00 Singapore time. The proposal aimed to lower TRX block rewards and voting rewards to optimize TRX's deflation model.
Two weeks have passed; what changes have occurred in TRX's deflation after the reduction?
I checked the data from TRONSCAN, and TRX has been continuously deflating for 16 days, and has been in continuous deflation for 13 days since the proposal passed. During this period, a total of 85,594,649 TRX were destroyed, generating 51,190,720 TRX, resulting in a supply reduction of 34.4 million, valued at 9.32 million USD.
At this rate, due to the passage of the reduction proposal, TRX is actually experiencing a net daily deflation of 1.1 million tokens compared to before the reduction, accelerating the deflation by 40 million tokens per year, valued at 10 million USD.
We all know that TRX's total supply is currently only 94.8 billion, with an annual deflation of about 1.5 to 3 billion. After the reduction proposal passed, the annual deflation rate will be increased by 12% to 24% compared to the previous rate. Reduction - deflation - price increase - strong ecology - accelerated deflation - price increase, and TRX will soon start running the invincible flywheel.
@justinsuntron #TRONEcoStar