It all started in January 2018 when the project was accused of plagiarizing other protocols’ white papers to write its own. The project’s founder, Justin Sun, chalked it up to unknowing volunteers with purported translation difficulties.
Then in March 2019, Sun announced he would be giving away $20M and a Tesla to celebrate the success of BitTorrent, a peer-to-peer technology for sharing files on the internet. Sun did not follow through with this promise, and was of course accused of promoting false advertising.
This came after BitTorrent was plagued with resignations by employees who echoed that Sun exaggerated their technology’s promise. They argued that Sun had access to too many TRON nodes, giving him excessive power to manipulate price.
To top it off, Sun recently called his own project’s native token, Tronix (TRX), a “shit coin”.
We labeled TRON’s on-chain activity to determine if the project was doing something fishy with its native token, TRX.
Turns out, looking at the active supply of TRX in the past 30 days reveals a very healthy and active ecosystem.
To many, Justin and TRON represent a class of useless altcoins – superficial marketers perverting crypto’s “true” purpose. But what if that’s just the intellectual snobbery in the space focusing too much on Twitter trolls, and not enough on TRON’s successful business model?
The facts are there to prove that TRON is a real business. Probably more real even than 90% of blockchains we’ve looked at. The project currently hovers around a $1.1 billion market cap, already acquired BitTorrent and Steemit, and Justin recently palled around with Warren Buffet. Clearly, TRON’s pragmatism for creating wealth has attracted a thriving community. Our benchmarks below, which compare TRON to 40+ other blockchains we’ve chainwalked, can confirm its success.