Sun Yuchen: The Tron network fees will be reduced by 60% and will take effect today

ChainCatcher news, TRON founder Justin Sun stated that the TRON Super Representative Community proposal will reduce the Tron network fees by 60%. This is the largest fee reduction since the establishment of the Tron network. The proposal has been approved and will take effect on Friday at 20:00 UTC+8.

Regarding this proposal, Justin Sun holds the following views: reducing fees is a tangible benefit for users, and a 60% fee reduction is something that most networks cannot achieve; it will impact the short-term profitability of the TRON network, but the long-term profitability will be enhanced, as more users and transactions will occur on the Tron network; the TRON Super Representative Community will conduct quarterly dynamic observations of network fees in the future, measuring the network's pricing based on multiple indicators such as TRX price fluctuations, network usage conditions, and future growth rates, to ensure a balance between the profitability and competitiveness of the TRON network.