Binance freezes 12 billion TRX, becoming the largest super representative node on the TRON network

The Binance exchange recently purchased 120 TRX tokens and voted for itself, officially becoming the top super representative node of Tron.

On September 29th, Misha Lederman, a supporter of TRON and Chief Operating Officer of the content creation platform BeatzCoin, summarized the recent bullish market sentiment in the TRON blockchain ecosystem. He mentioned that Binance has now become the number one Super Representative (SR) on the TRON network, with the blockchain community Sesameseed ranking as the second largest SR, and BeatzCoin, based on the TRON network, coming in third. Lederman also stated that Binance has frozen 120 million TRX tokens, which account for one-sixth of the total circulating supply of TRX. This move is seen as a positive development for the token price trend due to the reduction in market liquidity. Furthermore, Lederman believes that Binance's official entry into the TRON ecosystem could potentially enhance market recognition for TRON. By reducing the circulation of TRX tokens and positively impacting token prices, projects built on the TRON blockchain like BeatzCoin and Sesameseed are gaining wider acceptance. Lederman also mentioned that following Binance's lead, other major cryptocurrency exchanges may start joining the ranks of TRON Super Representatives, and Binance's sudden entry has somewhat disrupted the voting process for TRON nodes. The voting process began on July 25, 2018, where by purchasing and freezing 120 million TRX tokens for voting, Binance's move could set a precedent for other major exchanges to follow suit. This action has raised concerns within the cryptocurrency community, sparking intense debates among industry leaders about the practice of "buying" votes to interfere in the market. In the cryptocurrency market, TRON has always been a topic of discussion as one of the prominent public blockchain projects. Its founder, Justin Sun, first made headlines this year by winning a charity lunch with Warren Buffett, which was postponed due to health reasons, and latest developments include inviting U.S. presidential candidate Andrew Yang to join the charity lunch. For further reading: - Neo to become the first blockchain member of the .NET Foundation - Numerous inactive projects, with up to 640 projects not updating any code this year Join us now to get the most comprehensive information on fintech, blockchain insights, and industry examples! [Link](https://line.me/R/ti/p/@ace.exchange)