The table seems to be turned around in Tron Super Representative (SR) ecosystem as Binance withdrew the 11.9 billion TRX it acquired to become the leading SR on Tron ecosystem, Beatzcoin CCO Misha Lederman has said.
Misha Lederman, a member of the Tronix community, said an interesting development is going on within the Tron ecosystem, stating that the 12 billion TRX (circa 1/6 of TRX in circulation) frozen by Binance to become the number 1 SR on Tron ecosystem has been unfrozen by the cryptocurrency exchange.
Leaderman who is also the advisor of the Dapp Revolution asserted that Binance will not be Tron’s top SR anymore, hence, Sesameseed and BitGuild will hold the 1st and 2nd position respectively.
While tagging Binance and Justin Sun, among others in the update, Leaderman inquired if Binance has got any comment regarding the development.
As at the time of reporting this news, no response has been made by the exchange. However, the Tron community on twitter has been placed in a frenzy just like it was when Binance acquired the 12 billion TRX votes.
Tron community members were dumbfounded about the reason behind the Binance’s action.
— Misha Lederman (@mishalederman) October 11, 2019
‘This is What Decentralization Looks Like’ –Sesameseed Founding Member
Danny, a founding member of Sesameseed, was excited by the development, saying “Good to be back on Top.”
Danny seems to have been devastated by the 12 billion TRX votes acquired by Binance to become the top SR, he said now Tron blockchain can now have true decentralization.
“This what decentralization looks like,” Danny added that the community can now decide who to vote for.
Good to be back on Top! This what decentralization looks like! Let the community decide who to vote for! #VoteSesameseed
— Danny #VoteSesameseed #StakeforSesameseed (@FCB_Danny) October 11, 2019
Is Binance Withdrawing Because of SEC
An unpopular member of the Tronix community with pseudo name Cryptoworld has addressed the withdrawal of Binance from the SR 1 position as a move intended to prevent SEC from considering Tron as a security.
Cryptoworld said if Binance remains SR1 with over 50% dominance, SEC may perceive Tron as not being decentralized enough to be a utility token.
The reason is simple, if Binance remains SR with + 50%, the SEC can consider that TRON is not decentralized enough, and it could become a security, which nobody wants here
— cryptoworld (@cryptow30588339) October 11, 2019
Another member of the community said the situation remains the same despite Binance withdrawal, adding that most SRs on the Tron ecosystem are owned by Tron.
So what should SEC think about trx? if mostly all of the SR are property of tron foundation
— come_from_beginning (@from_beginning_) October 11, 2019
Apart those you have the exchanges , huobi, hitbtc that will always do what Tron wants, and then there are the doubtful ones as tronspark and other company, without data or active web. Apart tronone and other Chinese associations "encouraged" by Justin … soooo yeahh really DEX pic.twitter.com/excm9P14JI
— come_from_beginning (@from_beginning_) October 12, 2019
Before now, a number of Tron community members faulted the action of Binance in becoming SR1 by acquiring such a huge amount of TRX.
While referencing the assertion of Tron’s erstwhile CTO Lucien Chen that Tron’s SR is centralized, NewsLogical reported the perception of some Tronix community members when Binance acquired 1/6 of TRX in circulation to become top SR.