Justin Sun Responds to TRON Network’s Hard Cap
In 2017, TRON Foundation first began with an ERC-20 token and was therefore limited to a hard cap of 100 billion TRX.
After successfully launching the mainnet on June 25th, 2018, TRON’s Genesis Representatives chose DPOS (delegated proof of stake) and began to have block rewards and voting rewards for Super Representatives and staking TRX holders. As a result, TRON has not had a hard cap since then.
Block rewards go to the Super Representatives and voting rewards are divided by total votes. TRON estimated total rewards are 500 million TRX per year.
Rewards per year = ( SR rewards per block + voting rewards per block ) * ( seconds of one year/seconds of block time )
Rewards per year = (32 + 16) * 365 * 24 * 3600 / 3 = 504,576,000
TRON Foundation burned 1 billion TRX to support TRON Genesis representatives decision.
TRON Foundation did give an estimation that the TRON cap will not surpass 100 billion TRX before 2021. However, the TRON committee constructed of 27 Super Representatives has the right to change the reward structure.
On November 2nd, 2019, the committee of TRON Super Representatives proposed and passed the 27th proposal.
