[PRESS RELEASE – Please Read Disclaimer] Geneva, Switzerland / April 28 / – TRON has announced the allocation for the $1,111,111,111 ecosystem fund they revealed in November 2021. The fund was established to foster the growth and development of the TRON ecosystem over 10 years.
TRON has been a long-time proponent of the decentralization of the Internet via blockchain technology. Since completing full decentralization in December 2021, the TRON DAO ecosystem continues to thrive with fast speeds, high scalability, and low costs. As of April 28, 2022, it has industry-leading performance with over 89 million users on the blockchain, more than 3 billion transactions, and over $8 billion in total value locked (TVL).
The first recipients of the ecosystem fund were Sun V2.0 and JustLend, receiving $24.899 million as liquidity mining rewards. Another $150 million will be distributed as mining and staking rewards through various other competitive protocols in the ecosystem. Of the remaining
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