Inside the Drama at Tron
3 min read

Inside the Drama Around the Recently Booming Tron (TRX)

By Editorial Team

Talking about the hot-then-cold Tron (TRX) is one way to draw a strong reaction in the cryptoverse these days. Some people love the project, some people hate it. Some consider it an open scam, others think it has revolutionary potential.

Then there are those people in the space who are more or less neutral, who simply think Tron shot up the top 100 cryptocurrencies by market capitalization way too fast.

The same dynamic can be said about Tron’s founder, Justin Sun. Regarded as a wunderkind visionary on the one hand and as a fraudster on the other, Sun and his branchild project are touchy subjects to say the least right now.

Now, while speculation and prematurity abound, it’s hard to say with certainty that this or that has happened. What we can do is point out the “smoke” that’s been generated in the community as of late.

Then, it’ll be up to you to do your own research and see if there’s any “fire” to the drama.

No product yet

This is a more general concern, and it could be alleged for now — fairly or unfairly — against other notable projects like Cardano (ADA).

But it’s a reasonable and fundamental concern that’s espoused by veteran cryptocurrency traders every time a fledgling product with no minimum viable project (MVP) shoots up in the markets.

Essentially, then, the concern is that investors are investing into a promise, for all intents and purposes. And while promises can work out well if they go through, we all know that promises are sometimes just that: promises, nothing else. 

If Tron delivers on its milestones in the coming weeks, this concern will die down.

Justin Sun selling TRX?

One of the recent raging debates in the Tron community is whether or not founder Justin Sun has been cashing out billions of TRX tokens. The implication here being that Sun is tip-toeing his way out the back door, as it were, for an exit scam.

As the situation stands now, it is impossible to determine in a journalistic sense whether Sun is cashing out big time right now, short of standing over his shoulder and watching him make withdrawals.

What we do know thanks to the pseudo-anonymous nature of cryptocurrencies, though, is that there is a Tron wallet that has sent billions of TRX to exchanges. Make of that what you will.

Sun has maintained his innocence:

Tron

Image via Twitter

Accusations of plagiarism

Charges of plagiarism are a bit curious in a permissionless arena like the cryptoverse, but even still, some “offenses” are worse than others, and people are crying foul against Justin Sun for apparent instances of flagrant copying.

First came the allegations that the TRX whitepaper was heavily copied in parts from other crypto projects’ whitepapers:

Still, others have disagreed:

https://twitter.com/DGLee15/status/950205357657243651

For his part, Sun chalked up the whitepaper issues to translation errors in translating the original Chinese into Spanish and English.

But whitepaper plagiarism wasn’t the last of Tron’s problems, as new accusations have risen suggesting the project forked lines of code from Ethereumj without attribution.

If true, copying other whitepapers flagrantly is more on the “scammy” end of the spectrum. Forking code from Ethereumj without permission is arguably fair game in a permissionless space. Distasteful, perhaps, but slightly less damning than whitepaper plagiarism.

Featured Image via MOVIESTORE/REX/SHUTTERSTOCK

Editors at large. Posting the latest news, reviews and analysis to hit the blockchain.
View all posts by Editorial Team -> Best Crypto Deals ->

Latest Posts

Bancor Review
Bancor Review: Impermanent Loss Protector?
Bancor Review

Bancor Review: Impermanent Loss Protector?

June 22, 2022 15 min read
Bridge Mutual Review
Bridge Mutual: Insurance for your Crypto
Bridge Mutual Review

Bridge Mutual: Insurance for your Crypto

June 18, 2022 22 min read
Serum Review
Serum Review: Solana’s One-Stop DeFi Toolbelt
Serum Review

Serum Review: Solana’s One-Stop DeFi Toolbelt

June 16, 2022 17 min read
Raydium Review: Solana’s DeFi Liquidity Mammoth

Raydium Review: Solana’s DeFi Liquidity Mammoth

June 11, 2022 17 min read
crypto com
Crypto.com Exchange Review 2022: A World-Class Crypto Exchange
crypto com

Crypto.com Exchange Review 2022: A World-Class Crypto Exchange

June 10, 2022 30 min read
OKX invests in WAX
OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX
OKX invests in WAX

OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX

June 3, 2022 2 min read
Binance partners with the weekend
Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour
Binance partners with the weekend

Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour

June 3, 2022 2 min read

Related Posts

OKX invests in WAX
OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX
OKX invests in WAX

OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX

June 3, 2022 2 min read
21Shares Releases Sixth State of Crypto Report
21Shares Releases Sixth State of Crypto Report: Summary
21Shares Releases Sixth State of Crypto Report

21Shares Releases Sixth State of Crypto Report: Summary

June 2, 2022 3 min read
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

June 2, 2022 2 min read
Regulators are “Not Allowing” Banks to Engage with Crypto
Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto
Regulators are “Not Allowing” Banks to Engage with Crypto

Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto

June 1, 2022 2 min read
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution

US Conference of Mayors Introduces Blockchain Resolution

June 1, 2022 2 min read
Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40Increase
Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40% Increase
Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40Increase

Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40% Increase

May 31, 2022 3 min read
All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours
All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours
All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours

All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours

May 31, 2022 2 min read