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Many employees leave as Tron (TRX) BitTorrent acquisition undergoes

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Tron
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As we all know, Tron (TRX) has characterized by the continuous deployment of strategies and initiatives to achieve its goal of decentralizing the internet once and for all.

In this sense, the CEO of the firm, Justin Sun, has made great announcements this year amongst which one of the most remarkable has been the notice of the acquisition of BitTorrent, one of the biggest peer-to-peer platforms of the world, and the focal point of Tron for an extended period.

The official intentions of Tron Foundation, and more specifically of Justin Sun with this acquisition have not been put to light so far. However, many speculations have been out there on the subject, and to say the least, it results nothing but accurate to speculate with the intentions of the businessman considering the fact that he made remarkable efforts to finally obtain the ownership of the world’s biggest p2p company, a point that has raised a huge cloud of joy and excitement for the CEO.

However, in contrast to the amusement of the founder of Tron, it seems like many of the BitTorrent workers are not that happy with the plans of Sun, and a massive wave of bid farewells have started a few days ago. Let’s see all of the details behind this.

Three quits and two dismisses

As it was known recently, after Tron’s plans for the upcoming days of BitTorrent were revealed, three employees decided to put an end to their relationship with the company as they didn’t like the vision that Sun is conceiving.

And in the same line, two other members of the company were dismissed for reasons that have not been clarified yet. Further, out of the 5 working partners that have abandoned BitTorrent to the date, at least 2 had an essential role in the company, a fact that brings a concern to the picture.

But this is actually not all in this matter, as it seems, the reason why the wave of quits and dismisses has not turn into a bigger one after Tron BitTorrent acquisition, it’s just because some of the higher worker levels, such as the chief financial officer, the chief revenue officer, the chief product officer, and the chief executive, have a contract of 18 months that hasn’t expired yet.

In general terms, the whole dynamic of the company has merely changed. They have passed from a very calm environment to one that is practically in constant movement.

In fact, the company used to have 49 employees including the high direction, and now Tron is hiring 30 other people who will be allocated in different roles, from positions in engineering to human resources.

Sun’s intentions with BitTorrent

Speculations in this matter tend to be very diverse. However, the two more extended are the exploitation of the users net, which is actually of one hundred million users and utilizing the platform to gain credibility in the cryptosphere.

With relation to this, in an email response to a popular crypto news website Coindesk, Tron wrote the following message:

“Tron is committed to the BitTorrent product and user community. We have been growing rapidly since the acquisition, as one family, to meet our vision for a decentralized future.”

It remains a question whether or not these are the intentions of Tron’s CEO Justin Sun with the new company. However, we can be sure that great things are coming. So stay tuned.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Jan Tinneberg on Unsplash

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How Cryptocurrencies Will Change Online Gambling in the Future

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online gambling
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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

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Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

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