The TRON Foundation has announced that it will be kicking off the new year by unlocking 33 billion TRX, despite not providing a plan for how the coins will be used.
According to a tweet TRON News on Dec. 27, the TRON Foundation will be unlocking 33 billion TRX on Jan. 1, 2020. The post did not specify how the funds will be used and instead posed the question to the TRON community on how the funds should be handled.
— TRON News | 新聞 (@TronNews_) December 27, 2019
A subsequent tweet by TRON News polled the community for ideas for what should be done with the 33 billion TRX, including investing in partnerships, re-locking the funds or instituting a coin burn. The tweet claims that users’ responses can provide the TRON Foundation with information on “how the community feels” about the massive coin unlock.
Some community members have speculated that the new funds could go towards boosting the crypto exchange Poloniex, which was recently invested in by TRON founder Justin Sun. Others fear the TRON Foundation may dump at least some of the $445 million worth of TRX on the market, potentially hurting prices.
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