Justin Sun, the CEO of Tron (TRX), has been a very powerful force in the crypto marketlately. He has been leading a movement to push crypto forward and to reach mainstream adoption. In order to make this happen, he is making several upgrades on the Tron network that will lead the company into becoming a better product and to have partnerships with several other companies.
In fact, the Tron Foundation is set to help the world to finally reach the so-called Web 4.0, which is said to be the future of the internet. The company has two strong competitors, though, EOS and Ethereum (ETH), which are all competing for the place as the main king of the decentralized platforms together with Bitcoin (which is more focused on crypto transactions).
Now, Justin Sun has used social media in order to tell the community that Tron has reached a new block height and that the company has exceeded 8.6 million blocks. The number was reached using TronScan, a tool that helps users to determine the block height on the Tron network.
— Justin Sun (@justinsuntron) April 23, 2019
Sun affirmed that Tron is keeping up with its efforts to create a more decentralized internet. According to him, Tron is an important road to reach major mainstream adoption, which will be important both for the token and for the world as well, as it needs companies which are focused on using the blockchain to solve problems.
Tron has just recently jumped from the block height 8 million to 8,614,366 now. In only 20 days, the token was able to mine over 600 thousand blocks. This means that the network is increasing its size very quickly and that Tron is finally seeing some well-deserved adoption around the world. At the moment, the network also has 2.6 million accounts and 1193 online nodes.
Not everybody was so impressed with Tron, though. Some crypto enthusiasts on social media complained that the internet is effectively a single network and that it simply cannot be decentralized because of that, so he said that Tron should strive for a more decentralized notion that the Web 4.0.
In any case, what is clear to us is that Tron is faring very well this year and that the company has plenty of chances of consolidating its presence in the future.
Poloniex, BigOne, and KuCoin roll additional support to USDT-TRON airdrop
A couple of top crypto exchanges recently announced that they are extending support to the USDT-TRON airdrop which has already begun from July 15, 2019.
According to the latest blog post by Ploniex published on July 12, the exchange offers flexibility by supporting all three networks for Tether (Omni, Eth, and Tron). The exchange claims that this effort is among its best initiatives taken to enhance exchange “as the best possible exchange for crypto traders and enthusiasts.”
Subsequently, the exchange will be converting “a specific number of Tether into TRC-20,” which is currently on the Omni network. As per the earlier announcement, Tron is airdropping approximately 30million worth of USDT-TRON as a daily interest to holders of these tokens. According to the Poloniex Exchange;
The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex.
BigONE And KuCoin Supports USDT-TRON Airdrop
Poloniex is currently supporting deposits as well as withdrawals of USDT on the Tron network and subsequently credit airdrop to eligible holders of USDT. Besides Poloniex, another exchange, BigONE has also announced to support TRC-20-USDT. The official announcement of BigONE reads that the exchange has opened deposit service of TRC20-USDT and it will also support the airdrop of TRC20-USDT.
From now on, users can deposit TRC20-USDT to BigONE. Once the airdrop starts, BigONE will take a snapshot of TRC20-USDT that BigONE users hold at 16:00:00 (UTC) every day, the announcement reads.
In addition to Poloniex and BigONE, KuCoin exchange also published a blog post, detailing its plan of supporting TRC20 based USDT. The exchange states that users from Monday, July 15 can apply for KuCoin “to convert their USDT to TRC 20 based USDT” and obtain the reward. The KuCoin announcement states that;
Due to the limited amount of TRC20 based USDT in circulation on KuCoin and in the market, we recommend that users apply as soon as possible. When the available TRC20 based USDT reaches an insufficient level, users will not be able to apply for a lock.
Tron CEO Justin Sun, Plans To Convince Warren Buffet To Soften His Stance On Digital Assets – He Reveals His Approach
You may recall that Justin Sun has been gathering friends to take to the famous upcoming lunch that he will be having with Warren Buffet.
Sun gained massive media exposure not too long ago after he won an important charity auction.
Not too long ago, Sun won an eBay charity auction to have lunch with renowned investor Berkshire Hathaway CEO Warren Buffett.
Justin Sun explains his upcoming approach with Warren Buffet
Sun is really hoping that he’d be able to convince Warren Buffet to soften his vision on cryptos and their potential.
During a new interview with Forbes, he talked about his goals for the upcoming meeting mentioned above.
Here’s what Sun had to say:
“I don’t think we can convince him that all crypto and blockchain is good, but I hope he walks away knowing more about the industry and its potential…” Sun began.
He also said, “I’m not sure how much I can persuade him in three hours or less. I will point him to the recent moves by other big companies to embrace crypto. J.P. Morgan, IBM, and now Facebook are all jumping into the market based on its promise of borderless commerce and decentralized finance.”
Justin Sun invites Donald Trump to lunch
Other than this, another move that Sun made and it’s really worth mentioning is that he also invited President Donald Trump to the lunch as a response to his tweets against crypto.
Here’s Sun’s invitation for Trump:
A lot of enthusiasts were rooting for the idea and Sun is not the only one trying to convince Trump to come to the lunch and be open to changing his stance on the digital assets and their future.
Trump did not offer an answer to Sun’s invitation as and far as we know, he might not even know who Justin Sun is.
TRC20-USDT Incentive plan starts reaching users today
Some good news for TRON are just out, even if they are their own news. The latest weekly report of the Justin Sun-led Project has advances in the stablecoin field as its most relevant novelty, although is that really whay their community wants the most right now?
According to the community update, starting today, 16th of July, up to the 15th of August, the TRC20-USDT Incentive Plan 2.0 will start to reach early users. The idea behind this is that TRON will partner with exchanges in order to pay interests back to users, in the TRC20-USDT token, which will be exchangeable for currently available USDT. Per the latest announcement, the annualized return rate for holders of TRC20-USDT could be as high as 100%.
Another highlight of this week’s TRON report are the mentions to fake claims by several fraudsters who assured having been invited to join the Sun – Buffett lunch. The company backing the token has assured that the only invitations they hae extended in so far have been for Litecoin, Binance and Huobi.
Apparently, some of the fraudsters have even been using their alleged presence in the event reuniting one of the best-known faces of crypto with an almost-mythical investor in order to try and get money from others.
Finally, this week’s number of the TRON report ends with mentions to the BitTorrent Speed public beta, which is closing in, and a brief comment to the DAPP market report of Q2, which again ranks TRON first in terms of DApp user growth in the second quarter of the year.