Tron’s Justin Sun was present at the recently concluded World Investment Forum where the CEO of Binance, Changpeng Zhao spoke about the Binance Charity Foundation and Tron’s contribution of $3 million to the cause.
The Tron Foundation has been on a roll with a slew of development announcements and updates. The latest involvement with Binance’s charity initiative is seen as Sun’s instrumental move to increase Tron’s mainstream adoption rate.
CZ, as Zhao is more popularly known, was candid enough to admit during the conference that Tron’s support has been influential and that the use of blockchain technology can solve a lot of issues pertaining to financial transactions. CZ had stated:
“The world of blockchain technology has a lot of use cases and has to be remembered by everyone. Personally, I believe that with better transparency we can have 100 times better results. Moving money to deal with social problems is also another way to increase adoption. The sheer number of people who have donated to the BCF is also amazing, and I would like to thank Justin Sun who donated $3 million to this cause.”
Tron, which is currently ranked 11th on CoinMarketCap, has made investors and the TRONics community happy by revealing that it had surpassed Ethereum [ETH] by four times in terms of daily transaction rate. On 23rd October, reports showed that the total number of accounts had reached 500,000 while the number of transactions per day had peaked to a whopping 630,018.
The Ethereum takeover has created a profound impact in the cryptosphere because of Justin Sun’s previous remarks of Tron taking over Ethereum in terms of transaction speed as well as adoption rate. He had previously stated that the cryptocurrency community should prefer TRX over ETH because of its vastly superior transaction speed and applications built on the blockchain.