Cryptocurrency Q&A
How much money did the Tron Foundation get from a token sale?
How much money did the Tron Foundation get from a token sale?
Silvia
Fri Jul 05 2024
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7 answers
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I'm curious about the financial implications of the TRON Foundation's token sale. Could you please elaborate on the specific amount of money that was raised through this process? I understand that token sales are a common method for blockchain projects to raise capital, but I'm particularly interested in Tron's performance in this regard. Was the amount raised significant, and if so, how did it impact the development and growth of the Tron ecosystem? Any insights you could provide would be greatly appreciated.
7 answers
KatanaSharp
Sun Jul 07 2024
Among these allocations, the Tron Foundation was granted a substantial amount of 34 billion TRX tokens.
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AzureWave
Sun Jul 07 2024
In the year 2017, a significant token sale was conducted, resulting in the allocation of 15.75 billion TRX tokens to private investors.
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Margherita
Sun Jul 07 2024
Parallel to this, a further 40 billion TRX tokens were designated for those participating in the initial coin offering.
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Giulia
Sat Jul 06 2024
This allocation to the Tron Foundation signifies its importance and role in the ecosystem.
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Alessandra
Sat Jul 06 2024
Additionally, a company owned by Justin Sun, a notable figure in the cryptocurrency world, received 10 billion TRX tokens.
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