False statements and unclarified things have led Tron to slide into a pit. The fake trading volume, fake Tesla giveaway, and such other inaccurate information and irresponsible decision making have created a gap between Tron and its users.
Lately, Tron (TRX) has been heavily criticized by its very own community for a very immature and unprofessional act from Justin Sun, the CEO of the crypto company. Critics claim that a large number of TRX users are very unhappy with the CEO due to some careless and fictions announcements, and comments made by him.
Tron Dog Game
A blockchain-based crypto game that was launched by Tron Labs to attract more users went all wrong for TRX. Things seemed good unless the Tron dog controversy arrived. The gamers reported that they are not getting profits and they have been taken away from players accounts without any reason.
In response to this, the officials made an apology for not making things more transparent. Moreover, the Tron based game takes away to long to respond to players, and it just because it might take a bit time to answer an individual player’s issue, claimed the officials.
Back at the start of 2018, Justin Sun mentioned a tremendous partnership coming up with NASDAQ. He quoted:
“More partnerships are coming! Even NASDAQ listed companies and giant companies with more than 100 million users started to contact us for partnership. We will be huge soon!”
That was a massive announcement for TRX community, but things seemed to just go on without any progress. This is what Tron users have been pitying of such statements that are only mere comments to attract the audience.
Tron and Alibaba have been linked together, and there are rumors that the e-commerce giant wants to open a crypto exchange based on Tron. Justin Sun has mentioned that they have good relations with Alibaba and so far, there is no official announcement for any potential collaboration with Alibaba.
Things remain unclear among Tron users that whether there is going to happen anything between TRX and Alibaba, it has been a long wait for them, things need to be made clear by Sun.
OCN Yi Shi
Sun has had a good relationship with Yi Shi, the owner of OCOIN. Tron CEO promoted the Ocoin via his Twitter as he was one of the enormous investors of the coin. Later on, things didn’t go as they were planned; Yi separated himself from the Ocoin. As things started to get worse, Tron also started to get away from OCN. Tron halted tweeting about the Ocoin and more importantly, Sun was removed from the advisory board of OCN.
So, people saw Justin Sun once again messed things up by getting into the wrong project.
In the last quarter of 2018, well-known crypto sourced from China claimed that Tron-Baidu partnership was not a partnership at all. It was basically, Tron purchasing the cloud computing service from Baidu.
Tron was just assisting Baidu Cloud to become more compatible; however, there was no such collaboration between both the firms on a blockchain enterprise level.
Fake trading volume
Well, this may sound a bit awkward that crypto of such stature has a fake trading volume just to show its worth in the market. Early this year, a report (available at www.bti.live/reports-april2019) published by Blockchain Transparency Institute (BTI) claimed that Tron has over 84% fake trading volume. It was mentioned that Tron reported a trading volume worth $218 million, though the actual volume was around $33.2 million.
This approach could turn out to be very harmful, and investors would have to reassess whether to stay with Tron or not.
Liverpool Fake Collaboration
The football club Liverpool send an invitation to Tron, and Justin Sun mentioned it as a partnership, which created a FUD among crypto users. While later on, the officials from Liverpool F.C. stated that it was just an informal invitation, not a partnership.
The Tesla giveaway
Justin Sun announced to give away $20 million in airdrop and one winner for Tesla in celebration of BTT and Tron-USDT success. However, Sun turned away from his words by saying,
“I do recognize that this is an unfortunate situation, and would like to extend my warmest welcome to the next niTROn summit in 2020, including a fully paid round-trip ticket to the event location.” In reply, the user in full of sorrow said:
“Can you explain to my 6-year-old son, you will not give him a Tesla because you were wrong, I had already told him that it would be his anniversary gift, he will meet the next 25th of May.”
Indeed, the mess got cleared pretty well in the end as the Tron CEO decided to give the amount equivalent to Tesla car, to both of the winners.
Buffet lunch called off
Least of all, Sun announced that he would be having lunch with the billionaire Warren Buffet. It was canceled due to the adverse health of the CEO of Tron as he was suffering from kidney stones, claimed Tron sources.
However, a Chinese site Caixin claimed that Sun was under investigation from Chinese authorities and wasn’t allowed to leave the country unless the inquiry was over or the authorities allowed him to go. That’s one thing where Mr. Sun stands innocent; there is no such case against him in China as we write this post.
As it seems, anyone can easily say that the reputation of Tron will remain on the sake if Justin Sun repeats such ill and unprofessional behaviors as the community has started standing up against him already.
As a neutral observer, we think a big problem with Sun is that he often doesn’t clarify things which always create a FUD among the Tron community later. As per the experts, things need to be corrected soon or either it would be too late for Sun-led cryptocurrency.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.