The TRON foundation has announced a $20 million buyback plan in an official blog-post that was published last June 25 which coincides with the anniversary of its token migration from the Ethereum network to its own blockchain.
According to their post the company will conduct the largest TRON (TRX) token buyback plan so far with the widest coverage in the secondary market.
The buyback program will last one year in forms of several batches that will total to $20 million.
It was also revealed that the Tron foundation will reveals its token holdings on January 1, 2020, however they have no specific plans for the unlocked amount of TRX as of yet.
TRX is currently the 12th-largest digital currency according CoinMarketCap with a market capitalization of around $1.2 billion and currently trading at around $0.035 at press time.
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