In brief:
- Justin Sun has on numerous occasions been attacked and the Tron project labeled a scam.
- These allegations are rooted on the accusations that the Tron Project’s white paper is plagiarized.
- However, the development and updates at the Tron project are second to none.
- The team at Flipside Crypto has concluded that Tron is a real business and more real than 90% of blockchains.
The Tron (TRX) project has on many occasions been accused of being a scam. Reason being that some in the crypto community believe that Justin Sun plagiarized other projects when coming up with the Tron whitepaper.
Additionally, the Tron Foundation’s acquisitions of BitTorrent, DLive, Poloniex and Steem have not been as smooth as can be.
Tron’s Mishaps along the Way
To begin with, as soon as the pen was put to paper on the BitTorrent acquisition, BitTorrent employees resigned citing workplace hostilities. With respect to DLive, famous YouTuber, PewDiePie, had signed an exclusive deal with the platform only to do a complete 180 degree turn a few months later. To top it all off, when Justin acquired Steem, a chunk of the community decided to fork the blockchain and form their own project of Hive.
To top it off, Justin Sun was caught on camera jokingly referring to TRX as a ‘sh*tcoin’. The video can be viewed in the following tweet.
My exclusive interview with @justinsuntron is now available.
Hot tip for a Pulitzer. pic.twitter.com/TZaedkezOX
— Peter McCormack 🇸🇻 (@PeterMcCormack) February 9, 2020
The Tron Network is Legitimate and Strong
To put the subject to rest as to whether Tron is indeed a scam or not, the team at FlipsideCrypto.com has released a comprehensive report that investigates the issue. In the report, the team has highlighted five key areas of the Tron project that prove that it has a healthy and active ecosystem.
- The Tron community is staking TRX.
- DApps are in plenty and in use.
- There is visible DEX (Decentralized Exchange) activity.
- Node operators and voters are rewarded.
- Smaller wallets own most of the active TRX supply.
Tron is a Real Business and More Real than 90% of other Blockchains
As part of the conclusion, the report explained that Tron could be the victim of intellectual snobbery and Twitter trolls.
To many, Justin and TRON represent a class of useless altcoins – superficial marketers perverting crypto’s “true” purpose. But what if that’s just the intellectual snobbery in the space focusing too much on Twitter trolls, and not enough on TRON’s successful business model?
Finally, the report concluded that Tron was indeed a real business and even more real than 90% of the blockchains that the team at FlipsideCrypto.com has analyzed.
The facts are there to prove that TRON is a real business. Probably more real even than 90% of blockchains we’ve looked at.
The project currently hovers around a $1.1 billion market cap, already acquired BitTorrent and Steemit, and Justin recently palled around with Warren Buffet.
Clearly, TRON’s pragmatism for creating wealth has attracted a thriving community. Our benchmarks…which compare TRON to 40+ other blockchains we’ve chainwalked, can confirm its success.