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.
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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