Binance cryptocurrency exchange froze over 12 billion TRX tokens and, having voted for them, came out on top in the list of 27 Tron super-representatives (block manufacturers). It is reported by UToday.
Binance’s voices are believed to have provided user funds that are stored on its staking platform.
The head of the BeatzCoin project (now in third place on the list) Misha Lederman noted that the exchange froze ⅙ of the total volume of TRX in circulation. In his opinion, such a reduction in the supply of coins in the market will strengthen their price.
Binance's sudden entry somewhat disrupts the SR voting system that has been in place since the beginning of the TRON SR voting process that truly began on July 25, 2018. By buying 12 billion votes, freezing them, and voting for themselves, they might be setting a precedent for other large exchanges to follow. However, bringing major players like Binance into the TRON ecosystem will likely also bring closer cooperation between working products built on TRON such as VibraVid.io and TronWallet.Me with Binance and other major exchanges likely to make similar moves like Binance just did.
At the same time, Lederman noted that this Binance move violates the established system of voting in the network. The exchange received 59.2% of the vote, the next in the list of block producer, Sesameseed, only 2.57%, BeatzCoin - 2.27%.