TRON Foundation Announces $20 Million Buyback Plan

As per the post, this would be the company’s largest Tron (TRX) token buyback, with the widest coverage in the secondary market. Set to last for a year, the buyback will occur in several batches totaling $20 million.

The Tron Foundation was established to aid the development and maintenance of the TRON distributed network. Initially, based on Ethereum network, TRX coin was developed through the ERC-20 protocol. The token later became independent cryptocurrency based on the Tron protocol.

Reportedly, the development is a variant of the open source IPFS software and will “allow users to receive and host storage on their computers with other individuals and businesses.” 

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