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Tron [TRX]’s Justin Sun releases the query tool for frozen addresses of the Foundation

Priya

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Tron [TRX]'s Justin Sun releases the query tool for frozen addresses of the Foundation
Source: Unsplash

Justin Sun, the CEO and Founder of Tron Foundation, has announced the release of the query tool for all the Tron addresses with TRX tokens that are frozen for a stipulated period of time.

Justin Sun announced on Twitter:

“Last month, considering the safety of digital assets, @Tronfoundation locked 33,251,807,424 #TRX in 1000 addresses of #TRON mainnet, in order to let #TRONICS search these addresses more conveniently, we made a query tool, feel free to search now”

The locked up amount was calculated in the smallest unit, SUN, because of which the amount sums up to 33,251,807,424 TRX. The original amount that has been locked up is 34,251,807,524 TRX. The amount is stored in 1000 different addresses which were created during the Tron Mainnet Launch.

The tokens will be frozen till 1st January 2021 and are currently managed by the Tron Independence Group [TIG]. The Group was given the responsibility to distribute the 342 million TRX in order to reduce the risk of the assets. They will also ensure the safety and work towards building a decentralized community.

The query tool was released to make it easier for the Tron community to search the addresses. The query tool displays the number of tokens, the total addresses and duration the tokens will be frozen. The key features of the tool are that the community can scan the QR code of all the addresses and send tokens just by clicking on the right key button.

QR Code and Send token options features for the frozen addresses || Source: Tronscan

QR Code and Send token options features for the frozen addresses || Source: Tronscan

Moreover, the transaction information such as the from and to addresses from which money was transferred and the amount which was transferred will be available for the community. Information such as token balance, transactions, produced blocks, votes, and voters will also be recorded and displayed on the query tool for all the frozen tokens.

Information available for the 1st account out of the 1000 frozen accounts || Source: Tronscan

Information available for the 1st account out of the 1000 frozen accounts || Source: Tronscan

Crypto Tone, a Twitterati says:

“Half the circulating supply locked up. If this was a bull market this top 10 coin would have been well past $1. Tron $TRX doing nothing but big things in the crypto space!”

Nick, another Twitterati says:

“We wait… patiently. The only Blockchain business will prevail”

According to CoinMarketCap, at press time, Tron [TRX] was trading at the 10th position with a market cap of more than $1 billion. The coin was valued at $0.022 and has seen a significant dip of more than 10% in the past 24 hours.


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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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