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Tron’s Justin Sun Plans to Give Away $20M and a Tesla

| Updated
by Teuta Franjkovic · 4 min read
Tron’s Justin Sun Plans to Give Away $20M and a Tesla
Photo: Justin Sun / Facebook

Justin Sun, the founder of Tron (TRX), a leading platform for developing and deploying decentralized applications (dApps), is reportedly planning to launch a $20 million airdrop and to give away a free Tesla automobile.

With the title: “Global Appreciation Campaign” on the picture, Justin Sun is celebrating the echoing success of his blockchain network, the addition of USDT on TRON and BitTorrent. As highlighted on the tweet, to be part of the giveaway you just have simply to follow and retweet the post.

Additionally, to reassure the fans and the coin’s supporters that this is not a fake post neither a hack Sun added:

Apparently, the first phase of the Tesla giveaway will end on March 27 and those who want to participate have to follow Sun on Twitter and retweet his post. So far, it has been retweeted over 29,000 times.

As for the second part of the initiative, which includes the $20m cash airdrop, there’s no additional information shared.

Celebrating a Partnership Between TRX and USDT

The entire stunt celebrates the success of BitTorrent Token (BTT) and the recent partnership between Tether (USDT) and TRON (TRX). As we already reported, Tether is set to be introduced on TRON’s blockchain.

Justin Sun, as is well known, is the most strategic in terms of marketing among the founders of crypto projects. He recently said that he is willing to accept the top 5 or 6 spots if things don’t go as planned. TRX is currently ranked as the No. 10 cryptocurrency on CoinMarketCap.

However, in an early morning segment on CNBC’s Street Signs Asia show yesterday he said:

“Basically, I think the valuation and market cap are just the surface of the business. Primarily, I’m more focused on the business development, technology, and lots of exciting things going on with the Tron network.”

Sun also said that he expects that tech leaders such as Facebook will do a great deal for mass adoption of crypto. It seems that we’ll just have to sit and wait.

Twitter Ads Info and Privacy

His participation on social media, sharing every step of Tron’s progression and collaborations, poking competitors like Vitalik Buterin, CEO of Ethereum, and supporting his allies like Changpeng Zhao, CEO of Binance, can be said to be omnipresent.

The last one, Changpeng Zhao, recently responded to an older tweet by Musk who said he wanted to build a site where news articles, journalists, and publications would receive a credibility score, to which CZ responded:

Musk previously revealed that he believes Bitcoin is “brilliant” and that it surpasses paper money. He has yet to participate in the Bitcoin Lightning Torch relay, however, despite the crypto community’s best efforts to transact with him.

And while Musk may have yet to go all-in on crypto, another tech entrepreneur is diving in head first. Jack Dorsey, who is at the helm of both Twitter and payments app Square, continues to engage with the crypto crowd. Most recently he tweeted a picture of a gold chain that he purchased with Bitcoin via the Square Cash App.

This transaction mimics the transparency of the blockchain in more ways than one in that it displays the current value of the 24k gold versus the price purchased in real-time. If Tesla’s Musk ever decides to integrate bitcoin payments, he might want to think about incorporating some way to illustrate sustainable-energy savings.

TronBet Records Over $40 Million In Weekly Betting Volume

Recently, the Tron blockchain network surpassed 2 million mainnet users. This, after only 249 days since Tron’s mainnet went live in late May 2018. Although dApp usage has remained relatively low, with over 90% (on average) of distributed applications not recording any transactions last month, there appear to be several Tron-based dApps that are seeing increased adoption and a relatively high user base.

TronBet, a decentralized gambling dApp developed on the Tron network, reportedly recorded $41 million in weekly betting volume earlier this month.

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