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Justin Sun: The 5 most thought-provoking facts about the TRON CEO

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TRON CEO
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Whenever a company is shining brightly in the business world, we want to know what’s the name behind the outstanding idea, and of course, how did they do it. That in fact, is the exact case of what we are anxious to know regarding Tron, the blockchain-based decentralized protocol that is currently a shining star on the content entertainment platforms.

The acclaimed name is no more than TRON CEO Justin Sun, a figure that is not that new in the technology landscape since it was educated by the Alibaba founder himself, Jack Ma.

Sun, has created his very own name in the field of technologies, and currently, is one of the most successful businessmen in the world, being also the CEO of the popular app for voice streaming, Peiwo.

The app has a user pool of over 10 million people around the world and plans to consolidate itself as the ruler of the market. However, is this what makes of Justin Sun a remarkable name in the cryptocurrency world? Let’s determine that together!

The lab affiliation between Tron and Ripple propitiated by Justin Sun

An interesting fact in the cryptocurrency world is the rotation to a newer encrypted coin the users do once the old one starts not satisfying them, an action that seems very natural these days.

But something even more interesting is what happens when a person related to specific crypto, decides to take on another path and creates a similar yet better product.

As a matter of fact, that’s the case of Sun and his not-so-finished relation with Ripple, a coin that seems to have inspired him in the creation of the platform that now Tron is.

Sun still serves as the Chief Representative and Advisor of Ripple’s Lab, at the time that he leads TRX, the currently robust cryptocurrency ranked number 13  in the market. The connection between both currencies results evident, as well as how now they compete for the same target.

The possibility of a TRX rising price

In the cryptocurrency environment an increasing price it is always a possibility, but that’s actually the opposite of what’s been happening lately. All of the cryptocurrencies have been falling off their prices, taking it even to worrying scenarios.

Sun, on the other hand, is very familiar with the right marketing strategies to apply, and due to that, he has leaded TRX to a substantial gain of 5.7 only in the past 24 hours.

Similarly, the decentralized entertainment platform concept that Tron suggests guarantees a solid behavior and a great user’s acceptance in the near future.

The launch of Main Net, a strategy designed by Sun

The CEO thinks a gradual network would put Tron in the place where it actually belongs, that is in fact, the reason behind the previous launch programmed for the Main Net.

This smart move will transform the platform into another based on the full node running, which will cause at the same time, seamless transactions, and custom digital assets. The result will be a higher efficiency and a similar behavior to any outstanding blockchain decentralized platform.

The potential threat that Sun’s invention represents for Facebook

Tron wants to provide the users with everything the conventional platforms cannot, for example, the users will be able to publish everything they want to without having to worry about the censorship that characterizes social media platforms like Facebook; and even better, they could even obtain gains out of this, so is definitely a platform designed thinking of the user.

Additionally, privacy will be guaranteed on the platform, a feature of which every user is thankful for, and of course, the main characteristic that puts Tron right on the track of success.

The strategy of the price that Tron (TRX) defined

Currently, the price of Tron (TRX) is under the value of 1 dollar, but this is in fact, a well-thought move designed by the CEO Justin Sun.

The strategy seems clear, while the price is accessible more people will be willing to invest in the coin, creating significant traffic around the platform. Similarly, the game plan is to engage micro-payment traders, as they don’t represent a threat to the use wallet.

Finally, with all the activity around the entertainment market, the future for this cryptocurrency platform is and will be on the rise.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of NASA via Flickr

Altcoins

Analyzing The Best-Performing Cryptos

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cryptos
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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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