- TRON has launched a vote to halve TRX block and voting rewards, aiming to increase the token’s annual deflation rate from 0.85% to 1.29%, which could boost scarcity and potentially raise TRX’s price.
- Currently, TRX is testing key resistance near $0.30, with bullish technical indicators suggesting a possible breakout followed by a short-term pullback.
TRON Community Votes to Halve Block and Voting Rewards
The TRON network has officially launched a critical community vote that could reshape the economics of its native token, TRX. Proposal No. 102, introduced by TRON’s super representatives on June 10, calls for cutting the block reward from 16 TRX down to 8 TRX and lowering voting rewards from 160 TRX to 128 TRX. The voting window will remain open until June 13, giving holders a few days to decide on this major change.
If approved, this move will significantly boost TRX’s annual deflation rate—from the current 0.85% to an increased 1.29%. In simple terms, fewer tokens will be minted and put into circulation, making TRX scarcer and potentially driving its value higher. For TRX holders, this is promising news as it could mean increased demand and upward price pressure.
Technical Outlook: TRX Price Eyes Key Resistance
The timing of this vote is particularly interesting as TRX price is currently testing the upper boundary of a well-defined ascending channel near $0.30. Technical indicators are painting a bullish picture: the Relative Strength Index (RSI) is at 64, comfortably in bullish territory without showing signs of exhaustion, and the MACD indicator recently flashed a bullish crossover with rising histogram bars.
Should TRX break above the $0.30 resistance, it may trigger a strong rally towards the next target of $0.33. However, traders should be aware of a likely short-term pullback to around $0.27, where the lower trendline support lies, as the RSI nears overbought levels—a typical precursor to price corrections.
Also read: SUI Surges 6% After Key Breakout – Is $4 the Next Target?
What This Means for TRX Holders and the Network
This proposal is more than just a reward adjustment—it’s a strategic push to enhance TRX’s deflationary mechanics and long-term value. By tightening the supply through lower rewards, TRON aims to create a healthier token economy, which could encourage more holding and less selling pressure.
For TRX investors and the broader TRON ecosystem, the outcome of this vote will be closely watched. A successful approval could mark the beginning of a new phase for TRX, emphasizing scarcity and sustainability, and potentially sparking renewed interest among traders and institutions alike.
Stay tuned as the community votes close on June 13, and the future of TRX’s economics hangs in the balance.
