Justin Sun: Tron TRX Network Fee Reduced by 60% to Take Effect Today

BlockBeats News, August 29th. Justin Sun, the founder of TRON, posted that on August 26th, the TRON Super Representatives community proposed a 60% reduction in Tron network fees. This is the most significant fee reduction since the establishment of the Tron network. The proposal has now been approved and will take effect on Friday, August 29th, 20:00 GMT+8.

Justin Sun holds the following views on this proposal:

The fee reduction is a real benefit for users. A 60% reduction is a bold move that most networks cannot match;

The short-term profitability of the TRON network will be affected, but long-term profitability will be enhanced, with more users and more transactions taking place on the Tron network;

In the future, the TRON Super Representatives community will dynamically observe the network fees on a quarterly basis. They will assess the network's fees based on indicators such as TRX price fluctuations, network usage, future growth rates, etc., to ensure a balance between the profitability and competitiveness of the TRON network.