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Justin Sun: Tron Network Fees Reduced by 60% Effective Today
Summary: In a recent announcement, Justin Sun, the founder of Tron, revealed that the Tron network fees will be reduced by 60% starting today, August 26. This marks the largest fee reduction since the inception of the Tron network. The proposal has been approved and will take effect on Friday, August 29 at 20:00 GMT+8. Sun ...
In a recent announcement, Justin Sun, the founder of Tron, revealed that the Tron network fees will be reduced by 60% starting today, August 26. This marks the largest fee reduction since the inception of the Tron network. The proposal has been approved and will take effect on Friday, August 29 at 20:00 GMT+8. Sun believes that this fee reduction is a significant benefit for users, as most networks do not have the courage to reduce fees by 60%. While the short-term profitability of the Tron network may be affected, Sun anticipates that the long-term profitability will increase with more users and transactions occurring on the network. The Tron super representative community will conduct quarterly dynamic observations on network fees in the future, taking into account factors such as TRX price fluctuations, network usage, and growth rates to ensure a balance between profitability and competitiveness of the Tron network.
