{"id":64752,"date":"2018-07-02T21:01:31","date_gmt":"2018-07-03T04:01:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=64752"},"modified":"2019-11-07T02:31:26","modified_gmt":"2019-11-07T02:31:26","slug":"tron-foundation-burns-50-billion-trx-erc20-tokens","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tron-foundation-burns-50-billion-trx-erc20-tokens\/","title":{"rendered":"TRON Foundation Burns 50 Billion TRX ERC20 Tokens"},"content":{"rendered":"<p>With the <a href=\"http:\/\/cryptoslate.com\/coins\/tron\">TRON<\/a> mainnet swap <a href=\"https:\/\/cryptoslate.com\/tron-trx-independence-day-project-officially-breaks-away-from-ethereum\/\">underway<\/a>, the Tron Foundation started the process of destroying, also known as &#8220;burning,&#8221; its old ERC20 tokens.<\/p>\n<p>On June 25, Tron began migrating its tokens from the <a href=\"http:\/\/cryptoslate.com\/coins\/ethereum\">Ethereum<\/a>\u00a0network to its native\u00a0blockchain. The transition left two versions of Tron tokens, including billions of old testnet Tron ERC20 tokens under the Tron Foundation control. These tokens will soon be worthless as the new chain stabilizes.<\/p>\n<figure id=\"attachment_64785\" aria-describedby=\"caption-attachment-64785\" style=\"width: 1187px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-64785 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/tronproof.png\" alt=\"Tron proof of burn\" width=\"1187\" height=\"720\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/tronproof.png 1187w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/tronproof-300x182.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/tronproof-768x466.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/tronproof-1024x621.png 1024w\" sizes=\"(max-width: 1187px) 100vw, 1187px\" \/><figcaption id=\"caption-attachment-64785\" class=\"wp-caption-text\">Tron foundation posting proof of 50 Billion tokens burned.<\/figcaption><\/figure>\n<p>The Tron Foundation posted a screenshot of Etherscan, showing\u00a049,491,130,776.584279 TRX being sent to the Ethereum address\u00a00x0000000000000000000000000000000000000000.<\/p>\n<h2>Right on Time<\/h2>\n<figure id=\"attachment_63885\" aria-describedby=\"caption-attachment-63885\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-63885\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/06\/tron-pornhub-social-300x158.jpg\" alt=\"TRON and ZenCash Added As Payment Methods for Pornhub\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/06\/tron-pornhub-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/06\/tron-pornhub-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/06\/tron-pornhub-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/06\/tron-pornhub-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-63885\" class=\"wp-caption-text\">Related Article:\u00a0<a title=\"TRON and ZenCash Added As Payment Methods for Pornhub\" href=\"https:\/\/cryptoslate.com\/tron-and-zencash-added-to-pornhub-payment-methods\/\">TRON and ZenCash Added As Payment Methods for Pornhub<\/a><\/figcaption><\/figure>\n<p>The Tron roadmap has been precisely\u00a0accurate so far, with the past several events all occurring on the planned date.<\/p>\n<p>In the past few weeks, Tron announced that it <a href=\"https:\/\/cryptoslate.com\/tron-founder-justin-sun-set-to-acquire-utorrent-bittorrent-inc\/\">acquired\u00a0BitTorrent for $140 million<\/a> and along with ZenCash\u00a0would become a <a href=\"https:\/\/cryptoslate.com\/tron-and-zencash-added-to-pornhub-payment-methods\/\">payment option on Pornhub<\/a>.<\/p>\n<p>So far, the Tron mainnet swap has been viewed successful, with over 493 nodes currently operating.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the TRON mainnet swap underway, the Tron Foundation started the process of destroying, also known as &#8220;burning,&#8221; its old ERC20 tokens. On June 25, Tron began migrating its tokens from the Ethereum\u00a0network to its native\u00a0blockchain. The transition left two versions of Tron tokens, including billions of old testnet Tron ERC20 tokens under the Tron [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15323],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRON Foundation Burns 50 Billion TRX ERC20 Tokens<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/tron-foundation-burns-50-billion-trx-erc20-tokens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRON Foundation Burns 50 Billion TRX ERC20 Tokens\" \/>\n<meta property=\"og:description\" content=\"With the TRON mainnet swap underway, the Tron Foundation started the process of destroying, also known as &#8220;burning,&#8221; its old ERC20 tokens. On June 25, Tron began migrating its tokens from the Ethereum\u00a0network to its native\u00a0blockchain. 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