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2019-09-24 07:44:30

TRON price is down 5 percent after the PoS announcement

TRON price has dropped up to five percent (5%) right after the founder Justin Sun announced that the network is adopting a proof-of-stake (PoS) system, while it is also speculated that it is the result of a widespread downturn of the crypto market. Besides the downturn of the crypto market, the reason for such poor performance could also be the new plan adopting the staking mechanism that has been outlined by the founder of TRON, Justin Sun. This new mechanism is aimed to provide a “fair, decentralized distribution of staking revenues”. Moreover, it will be encouraging the user for their