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Tron (TRX) Gains Massive Exposure Ahead of Justin Sun’s Lunch With Warren Buffett. Sun Beats Satoshi Nakamoto in Google Trends

Justin Sun -the founder of Tron (TRX)- has been labeled in many different ways by the community. From genius to conman, there have been many opinions as to whether this young man’s influence on the ecosystem has been positive or detrimental, but if there is one thing practically everyone recognizes, it is that Sun’s ability for public relations seems to be innate and exceptional.

His last stunt was to offer nearly $5 million in an auction to share a lunch with Warren Buffett. Although the money will be donated to charity, the business opportunity seems to be worth it (and is, apparently, already bearing fruit).

How a Meal Introduced Tron (TRX) to a Massive New Audience

The famous investor is having a luch with Justin Sun, founder of Tron (TRX)
Warren Buffett
courtesy: Wikipedia

Warren Buffett is known for his success in the money market, but also for his aversion to cryptocurrencies. On previous occasions, he has called them “poison,” “a delusion” and has been skeptical about the benefits that crypto adoption could deliver to the world of finances.

However, Justin Sun did not miss the opportunity to “invest” those 4.5 million in a lunch that maybe won’t change Warren’s mind but has certainly given the Tron ecosystem (TRX) a massive exposure to a conglomerate of users who may not be familiar with cryptocurrencies.

The interest in “Justin Sun” skyrocketed in Google Trends, reaching historical peaks. Now Justin not only is the crypto-personality with more Twitter followers but also the most searched of all blockchain project leaders.

Similarly, “Tron TRX” has also experienced a sudden increase in the community’s interest, surpassing even the searches on Bitcoin, Ethereum, Ripple and Bitcoin Cash, all of which have a higher marketcap.

Tron / Wall Street or Sun / Buffet: A Meal that Caused Mixed Reactions

Paying so much money to share a meal with a man who practically despises the industry was a decision that did not go unnoticed in the community. Many social media users presented their views, criticizing or praising Justin Sun according to their personal appreciations.

Among those who think that this meeting could generate positive results are people like Misha Lederman, Max Keiser, and Ran NeuNer, who think that Justin Sun had a great idea and that strategically could benefit not only the TRX ecosystem but the crypto market in general:

However, not everyone has an optimistic view of this event. Whale Panda, Crypt_Bobby, Moon Overlord think Justin Sun will generate a negative image of the ecosystem:

The post Tron (TRX) Gains Massive Exposure Ahead of Justin Sun’s Lunch With Warren Buffett. Sun Beats Satoshi Nakamoto in Google Trends appeared first on Ethereum World News.

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Justin Sun Tweets ‘Something Amazing’ Coming, TRON (TRX) Jumps 12 Percent

Justin Sun TRON TRX Price 2019

The price of TRON (TRX) is skyrocketing, in no small part due to the efforts of founder and TRON Foundation CEO Justin Sun.

While the crypto markets made a sudden rally on May 26, the TRON founder issued a tweet that left TRX speculators feeling especially bullish. Sun teased that he had “huge and amazing” news for TRON and BitTorrent Token, and would elaborate further after the start of next month,

“Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT”

The entire cryptocurrency marketplace leapt $16 billion on Sunday, making for one of the single most bullish days of trading since the start of 2019. TRON outpaced both Bitcoin and the altcoin market, in part due to Sun’s cryptic but inspiring tweet, with TRX up 12 percent in price as of writing.

Sun and the TRON Foundation previously came under fire earlier in the month following the sudden departure of the project’s Chief Technology Officer Lucien Chen. As opposed to having an amicable parting, Chen created a stir in both the community of TRON and broader cryptocurrency landscape by citing ideological disagreements with Founder Justin Sun. In particular, Chen cited growing disillusionment with TRON and the TRON Foundation, highlighting his belief that the cryptocurrency was moving in the direction of centralization.

Chen voiced his concerns in a Medium post that has since been deleted, claiming that TRON’s system of twenty-seven Super Representatives has contributed to the coin’s growing centralization. While Super Representatives are elected by TRX-holding voters, the process has drawn criticism over the fact that Sun constitutes one of the elected positions. According to Chen, Super Representatives hold too much sway over the direction and development of TRON’s network, further explaining,

“In the DPoS and Super Representative node, there is a problem of centralized voting. Some nodes have more than 90% of the votes with only a few voters. Therefore, the vote of ordinary retail investors has completely fallen. The total number of TRX in TRON is 100 billion, while the total number of votes for the super representatives is just less than 8 billion.”

Chen also took a shot at TRON on his way out the door, arguing that the project is far from fulfilling its commercial goals as a revolutionary platform,  

“The technology platform of TRON was built by me. I certainly know that the real Internet applications cannot function in TRON network at all currently. The TRON ecosystem is still far from commercial applications that users can really apply to. Bad money drives out good. Thus, dapp in TRON is basically the gambling and funding project.”

Despite the scandal involved in Chen resigning his position as CTO, TRON has continued to build market dominance in both valuation and the industry of Decentralized Application (DApps). Two weeks ago TRON set a new all-time high for daily DApp users, registering more than 102,000 users on May 16.

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Tron (TRX) Partners with SkyPeople, Popular Korean Studio, to Launch New Blockchain Game

The popular South Korean game producer SkyPeople has recently launched its Final Blade mobile RPG which has become immensely popular in Korea and Taiwan. Now the game studio has signed a Memo of Understanding with Tron to launch another game together

SkyPeople released their mobile game Final Blade last month and it immediately went to the top of charts both in Korea and Taiwan. Now, Tron has revealed that the CEO of SkyPeople, Derek Park, has recently signed a Memo of Understanding (MoU) with the Tron Foundation to build a game on the Tron blockchain.

Tron keeps expanding into the
game industry

The MoU between Derek Park and Justin Sun was officially signed at the start of April. Now, Tron and SkyPeople have launched another game, Dragon Castle, on Tron.

Justin Sun believes that apart from other benefits, Tron will be able to get the vast number of users of SkyPeople and enlarge Tron’s userbase. This should create additional use cases for the Tron open ledger and TRX in particular, maybe even BitTorrent (BTT).

As per the SkyPeople CEO:

“This MOU is the result of both companies envisioning the activation of the TRON network and community through SkyPeople’s game and blockchain development. With a long-term partnership that produces visible outcomes, we are going to prove the viability of a new gaming market.”

Justin Sun and Park have met several times for major discussions regarding the potential blockchain can bring into the game industry and how it can transform the latter.

Dragon Castle

SkyPeople now has moved its blockchain game Dragon Castle to Tron. This game has its own token (DC), which will be actively used later in the game’s community.

Tron bets on blockchain games

Last year, Tron began to offer collaboration to game makers and dapp
developers, having set up a special fund to finance anyone from those spheres
who chooses Tron as a platform for their work. Justin Sun welcomed dapp
producers from such platforms as Ethereum and EOS to join Tron on beneficial

Several major game makers joined Tron last year and keep doing it in 2019. Previously, Ethereum World News reported that a blockchain company BitGuild had left Ethereum to start building on the Tron’s ledger.

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TRON (TRX) Launching Privacy Features on Testnet

TRON TRX Justin Sun Privacy Cryptocurrency 2019

TRON, the eleventh largest cryptocurrency by market capitalization and one of the industry leaders in decentralized applications, is set to launch privacy features on its testnet in the coming days.

According to an interview published on May 16, TRON CEO Justin Sun told Decrypt that the previously touted privacy addition to TRX–dubbed zk-SNARKs–is set to make a trial run on the TRON testnet. Assuming zk-SNARK implementation goes smoothly during the testnet phase, the CEO expects to integrate privacy features into the TRON mainnet at some point in the near future.

Zk-SNARKs, which TRON has previously mentioned as an addition to their public blockchain, are a zero-knowledge proof mechanism that allow for transactions to be made without revealing the transaction information to the broader network. While blockchains are prized for their transparency and public ledger, privacy transaction features add an extra layer to the utility of cryptocurrency.

However, the implementation of zero-knowledge proof transactions on otherwise public blockchains has been historically messy, with other cryptocurrencies experiencing inflation bugs and a general begrudging from users that would prefer to keep transfers as transparent as possible.

Speaking with Decrypt, Sun explained that the addition of zk-SNARKs and privacy features to TRON will add an extra layer of protection for clients,

“zk-SNARKs are extremely important because they provide a new way for everyone to start using Tron with privacy protection. This is critical to lots of the crypto adopters in the industry.”

Historically, Monero (XMR) has been the industry leader in privacy transactions and has developed a fervent investment base that believes a core utility for cryptocurrency in the coming years will be anonymous transactions, as opposed to the current store-of-value model exhibited by Bitcoin. However, as opposed to Monero’s omnipresent private transactions, TRON intends zk-SNARK integration to give TRX users the option of anonymous transactions, similar to the method employed by ZCash.

In December 2018, Justin Sun spoke in an interview about his intention to integrate zk-SNARKs in Q1 2019,

“I think privacy is also important for the network. So that’s why I think in next year, Q1, we will adopt the zk-SNARKs into our network. So zero-knowledge proof into our network…This is how we can improve the privacy of the whole network.”

Sun further explained that giving users the ability to conduct private transactions added another layer of security and utility to TRON. With the entire landscape of cryptocurrency, particularly the altcoin market, struggling to find legitimate use cases to justify the once-again expanding market capitalization, features such as anonymity may provide another layer for TRON.

The TRON Foundation has already managed to establish TRX and the TRON network as a major purveyor of decentralized applications, recording a new all-time high in daily users earlier in the week. Privacy, along with DApps and BitTorrent, could provide another avenue for TRON’s growing market influence. While the currency would face steep competition from established players such as XMR and ZCash, the broadening features of TRON’s network could compel users look for an all-in-one cryptocurrency to base out of.

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Tron Launches BitTorrent Live, a Decentralized Live Streaming Service to Revolutionize the Web 2.0

Tron (TRX) has proved its ability to grow not only in marketcap but also in terms of usability, developing a robust ecosystem with a constantly growing user base. The acquisition of BitTorrent gave Tron potential access to millions of new users, and Justin Sun intends to use this leverage to become the man behind the most important blockchain in the next few years.

A few hours ago, BitTorrent Inc. announced the launch of BitTorrent Live. The product is currently in a preview stage and will let users communicate live via a streaming service that intends to become a significant competitor in the world of social networks.

Justin Sun shared the news on his Twitter account, explaining that this new service fits the Tron’s Motto of “decentralize the web,” emphasizing that soon, users will be able to use BTT in this new platform.

According to a post published on BitTorrent’s official blog, the service will be rolled out in phases. Currently, a limited group of people has access to an early preview, with the first beta scheduled for Q2 2019.

BitTorrent Live: It Could be Great for Tron… Or Maybe Not

Justin Sun was quite optimistic and enthusiastic about the potential of this new platform. For Sun, BitTorrent Live can not only boost the growth of Tron’s ecosystem but also give users a new way to interact and consume online content:

Imagine chatting with your favorite athlete, becoming immersed in a music festival, or meeting new friends to share your passions – all by simply firing up the BitTorrent Live app … Our strong foundation of decentralized technology will allow us to fulfill our vision of a boundary-free internet while being at the forefront of a new content experience.

BitTorrent’s user base of over 100 million active users could settle the grounds for BitTorrent Live to be a success, but there are people pessimistic about Tron’s blockchain’s ability to support the traffic produced by this network. One of the most notorious pessimists is Simon Morris, former CSO of BitTorrent, who was part of this company for almost ten years.

In an interview for Breaker Mag, Mr. Morris expressed his concern commenting that there is a real risk of “literally destroying” the Tron blockchain, questioning the credibility of those statements asserting that Tron supports thousands and even a million TPS:

It was very clear when I was [at BitTorrent] that there was no way the transaction capacity of Tron would [work],” says Morris, sounding more bemused than angry. It’s simply not there. You hear all the bullshit out there, oh, this does 10,000 transactions a second. It’s all crap. We were going to melt Tron. Literally destroy it.”

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Tron Set For Huge Leaps After ChangeHero Lists TRX

Tron is getting another mega boost after another popular, fast-growing crypto exchange listed it on its platform. ChangeHero, the exchange in question, facilitates crypto-to-crypto exchanges. Announcing the news of the listing on Twitter, Tron’s Justin Sun said that TRX users can now exchange USD for TRX at ChangeHero’s Instant Exchange.

Being a fast-expanding platform, ChangeHero accommodates over 100 cryptocurrencies for trade and supports 9 languages. One of Tron’s cornerstone strengths is facilitating fast transactions and ensuring that its network users have the best experience.

The Gains

As a matter of fact, the listing of TRX on ChangeHero is bound to bear fruits in the near future. First off, ChangeHero offers the best rates and an impressive 5-star support system for its customers, and that means that TRX will benefit from the secure transfer facility on the platform. The exchange has since availed TRX to all its users to trade on the platform. Besides that, customers can now exchange the coins for USD on the same platform, with more currencies or trading pairs set to be introduced in time.

Evidently, many crypto exchanges have had a positive regard of Tron since its maiden entry into the market, and that support seems to have grown even stronger after the launch of Tron’s MainNet and migration from the ERC20 network. Tron migrated to the new MainNet back in June 21, 2018, and large players in the crypto exchange business like Binance, Bittrex, and Bitfinex have supported it all along. In fact, Tron’s long-term vision and ease of liquidity is one of the reasons that it’s gaining so much traction in the crypto world.

More Support From Other Quarters

Besides ChangeHero, Tron has also been added on Abra, a progressive crypto wallet that supports over 28 cryptocurrencies in its built-in exchange function. It supports cryptos like Bitcoin, Ether, Litecoin, DiGiByte, XRP, Cardano, among others. On Twitter, Justin Sun praised Abra as an easy-to-use App where users can easily sell, buy, or safely store their cryptocurrencies.

To prove that TRX really meets the high standards that users need in the market, Abra explained, on its official website, that it carries out serious vetting of each cryptocurrency that joins its platform, including and not limited to the crypto’s liquidity. Abra also announced plans to launch an app to enable people to purchase cryptos via banks. TRX is among the cryptocurrencies to be floated for purchase.

From where it stands right now, TRX looks very attractive to many other crypto exchanges expected to list it in the near future, and that will obviously affect its price upwards.




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TRON (TRX) Unveils Secret Project, Introduces Atlas

TRON (TRX)–Following up on last month’s promise of a “secret project” to be released on July 30th, founder Justin Sun and the TRON Foundation have announced Project Atlas, a system designed to strengthen the foundations of TRON and make the currency more efficient in relation to the new BitTorrent acquisition.

In June, during a live stream event to commemorate the Independence Day for TRON, Founder Justin Sun expanded upon the TRON Virtual Machine (TVM), in addition to teasing a new project announcement for July 30th. While most of the TRON community assumed the announcement would be in relation to Sun purchasing BitTorrent, thereby integrating the 100+ million users onto the TRX Main Net, news broke last week that the merger was taking place ahead of the July 30th announcement. Instead, the TRON Foundation provided a twist on the currency’s update, revealing details on Project Atlas, a program designed to improve upon the existing framework of Main Net and the cryptocurrency.

While details surrounding the project are sparse, Sun outlined on his Twitter that the new TRON protocol will work in conjunction with the BitTorrent merger, allowing a “great future for both.” In addition, the Open Letter published today to accompany the Beta Launch of the TRON Virtual Machine, states that the acquisition of BitTorrent will allow for TRON to grow exponentially in the cryptocurrency space,

“The acquisition enables TRON and BitTorrent to become the largest decentralized ecosystem in the world.”

Again, details are scant, but the aforementioned improvement to TRON’s network efficiency that Atlas will bring about likely seems tied up in improving the function of torrenting on the platform. TRON has yet to outline the exact way BitTorrent will function in conjunction with TRON’s Main Net, in addition to what the cryptocurrency plans to implement in order to scale to levels necessary to handle the volume of torrent based transactions. In a section of the letter addressing the TRON Secret Project and BitTorrent merger (which was announced last week), the TRON Foundation had this to say,

“Currently, we are exploring the possibility of using the TRON protocol to improve the BitTorrent protocol, in order to make BitTorrent protocol faster and lengthen the lifespan of BitTorrent swarms. I hope the integration of TRON and BitTorrent will allow both parties to work better as one in the future.”

TRON does mention their intention to provide incentives for network users to continue to seed files following their download, thereby infusing greater resources into the torrenting ecosystem and improving the experience and utility of the system. If nothing else, TRON intends BitTorrent to be their major differentiating factor from other network currencies on the market, while focusing on how cryptocurrency can improve the overlapping, decentralized world of torrenting,

The TRON network will serve as the underlying protocol of the Secret Project. Hundreds of millions of BT users across the globe will become a part of the TRON ecosystem. BT will be the largest application on the TRON network, which will allow TRON surpass Ethereum on daily transactions and become the most influential public blockchain in the world.


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Justin Sun Officially Adds 100 Million BitTorrent Users To Tron (TRX) Ecosystem

No doubt, Tron (TRX) is one big coin that cannot be rubbished in the cryptocurrency space. After Justin Sun announced that Tron would be moved out of Ethereum Network, the cryptocurrency war lord, declared on the go that there is going to be a huge competition between the two altcoins, like that which existed between Moses and Pharaoh.

Today, in a letter sent to the community, it was officially announced that the Tron has acquired BitTorrent in a bid to make its ecosystem stand out.

Justin Sun said BitTorrent and BitTorrent products are solely Tron’s property, creating euphoria in the community.

“From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world,” he said.

He declared that every BitTorrent user and supporter are now part of the TRON family, and so, 100 Million BitTorrent Users are now added to Tron (TRX) Ecosystem.

He maintained that anybody who have used the BitTorrent protocol, built their business on the protocol, or otherwise benefited from the protocol are now part of the TRON family.

BitTorrenct protocol, a file sharing communications protocol based on a p2p network was founded in 2001.

Before blockchain technology became prominent, BitTorrent has been regarded as the first decentralized Internet protocol with large-scale global application.

Talking about the decentralized personality of BitTorrent, Justin Sun said:

“Even today, the BitTorrent protocol retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic. BitTorrent created and shaped the protocol, with 70% of BitTorrent users using the product. The company aims to decentralize the Web by promoting and further developing the BitTorrent protocol.”

The letter reads that BitTorrent gave birth to the decentralization movement, saying “Developers, entrepreneurs, and the decentralized Web community regard BitTorrent as the original pioneers of decentralization technology. It is the foundation of an open, transparent, shared Internet protocol.”

The latest acquisition signals that TRON’s “All-In Decentralization” agenda is heading towards fruition since the two platform which has now become one share the same vision for a decentralized Web.

Sun said he understands that BitTorrent will become more decentralized and gain a new life after integrating into the TRON ecosystem.


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One Week Away from TRON (TRX) ‘Secret Project’ Announcement

TRON (TRX)–On July 30th, TRON will reveal its long-anticipated ‘secret project’ that will mark the next step in TRX growth and innovation.

In June, during a celebration live-stream to commemorate TRON’s Independence Day (the official diversion of the TRX genesis block away from its ERC-20 roots), Justin Sun tantalized fans and investors with news of a ‘secret project’ that would be coming at the end of July. While the conversation was framed in praising the TRON development team for delivering on its promises and meeting deadlines, Sun also touted July 30th as a substantial date in the growth of the TRX currency.

“I think one of the most important values of Tron is we delivering our products and mission on time. So as you see, we delivered our testnet on the March 31st, our mainnet on may 31st, and officially are launching our mainnet on June 25th. The next very important milestone is July 30th- we will deliver our official virtual machine. All the decentralised exchanges and applications on the Tron platform are plugged into the Tron ecosystem. July 30th we will launch one of our secret projects

Much like the Exodus update in March, which saw the launch of TRON’s test net, and the official release of Main Net in June, TRON has been characteristically prompt on achieving deadlines and following through with development outlines. TRON Virtual Machine, which Sun mentioned would accompany the release of the mysterious project news, first saw its alpha version launch on May 25th, just days ahead of Main Net. TVM, which the TRON Foundation has described as a “cornerstone of [the] TRON ecosystem,” will provide a protocol for user-friendly blockchain generation that will drive new coin creation on the TRON Main Net and paving the way for smart contracts (in addition to contributing to the TRX coin burn system).

TRON Virtual Machine (TVM), is a lightweight, Turing complete virtual machine developed for Tron’s ecosystem, aimed at providing millions of global developers with custom-built blockchain system which is efficient, convenient, stable, secure and scalable.

While Sun has been quiet on any hints surrounding the TRX-based secret project to be announced next week, there are a few avenues worth speculating. The most obvious concerns the high profile purchase of BitTorrent for $140 million by Justin Sun, a deal that started at the beginning of the year and was only finalized last month.

While it’s possible Sun’s intends to keep the 170+ million BitTorrent user-base separate from TRON, it seems more likely that the outspoken founder will find a way to integrate the service onto Main Net. Monday’s reveal could be information on the merger of the two products, or at least the introduction of torrenting or torrenting-like features onto TRON’s recently established network. Keep in mind that Sun, the TRON Foundation and TRON whitepaper have outlined the currency as a technology to disrupt the modern entertainment industry. While the roots of such a claim are not in the malicious pirating of media, it could still find substance in the peer to peer file sharing function of torrenting, as well as providing immediate use for participants on TRON’s network.


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Founder Justin Sun Wins Bid for TRON (TRX) Super Representative

TRON (TRX)–Barely a day after announcing his candidacy in the TRON Super Representative election, founder Justin Sun has accumulated the necessary votes to hold such a distinction.

Just one of 27 nodes, “Super Representatives” on TRON’s network function to validate transactions and guide the network operation, in addition to collecting rewards, which constitutes a major part of the TRX-based Main Net that was hyped throughout the first half of 2018. While any TRON developer is free to run for election (with over 60 candidates vying for the remaining spots as of writing), TRX holders are the ones who ultimately make the decision through a voting process that involves their coins. One TRX is worth one vote, with the ability to cast for candidates occurring in a regular cycle. In order to become a Super Representative, a candidate must obtain a minimum of 100 million votes (backed by the TRX of actual investors). Previous candidates to achieve the hallowed status of Super Representative have taken weeks to accumulate the massive number of votes required to win the election.

It took TRON Founder Justin Sun just twenty-four hours. 

Sun first announced his candidacy to run for Super Representative election on Wednesday to mixed reviews by the community. While Sun has been an ardent figure for TRON, regularly promoting and informing the TRX investment base through his Twitter account, some found fault with the optics of a coin founder–who holds a disproportionate amount of the total TRX supply–participating in a process that should be democratic. However, Sun did his best to alleviate community concerns by reiterating that his funds, along with those of the TRON Foundation totaling 33 billion TRX, are locked in escrow for the foreseeable future. In addition, Sun made a bid that his position as a Super Representative was one of twenty-seven voices, as opposed to being looked upon as the leader of the representatives.

As the founder as well as a candidate, I am determined to go through the selection process like everyone else, which displays TRON’s inclusiveness and openness as a decentralized and autonomous community. I sincerely hope that members of the TRON community could vote for me. As one of the firmest believer of TRON, I am excited to witness more miracles coming along our way, and I hope everyone in the community can execute their rights to vote for the SR candidates.

Following his election, Sun continued to draw mixed opinions from the TRON community over how the elections have been handled. While Sun maintains that his candidacy, and subsequent election, is a justification for the efficacy of the TRX-based voting process, other voices in the community contend with the perception of the situation. Justin Sun has been the vocal leader of TRON since launching the currency in September 2017. He has grown to a Steve Jobs-esque persona through his promotion on Twitter, and is one of the more active and vocal founders in the space of cryptocurrency. Add to that his high profile purchase of BitTorrent, which has only increased the magnifying glass on the young creator, and some are beginning to worry he his gaining too much authority over what should be a decentralized cryptocurrency in TRON.

However, others find little fault in Justin Sun’s bid for SR election, and actively encouraged it. For one, news of Sun running in the election was not new–he informed the community of his intention to run in a Medium post back in April. Another: Sun was fairly elected, albeit in a much shorter time frame, through the same democratic voting process as any other candidate. Yes, Sun is extremely high profile, particularly when compared to his competition. It is also possible that Sun could have negotiated support from heavy TRX bag holders to pump his voting count. But given his position with TRON and regular appeals to the community and investment base, it’s no surprise the charismatic founder was able to garner 100 million votes in barely a day.

Sun becoming a SR is a natural progression for him to participate with the currency while not holding the centralized authority as a CEO or founder. Now Sun is beholden to the same rules and process as all other 26 reps, creating a theoretically level playing field for the position.