Crypto Exchange Poloniex Delisting DGB After DigiByte Founder Criticizes Justin Sun's Tron

Jared Tate criticizes Tron advertising its “completely centralized” network as he “most decentralized gift from God” and that Poloniex has turned into a “TRX shill factory.” Poloniex, in which Tron founder Justin Sun recently made an investment, retaliated with delisting decision.

  • “Typical for DPoS projects, we call it “delighted proof of shenanigans”

On Dec. 5, DigiByte founder Jared Tate took to Twitter to share his strong opinions about Tron and accusing it of advertising the network as a decentralized one when it is exactly the opposite.

He shared an 8-tweet long thread where it talks about how Tron trolls have been attacking him.

Tate’s main focus has been on Tron advertising its “completely centralized” network as the “most decentralized gift from God.”

TRX he says is 100% pre-mined and reissued by Tron founder and Tron Foundation CEO Justin Sun. With currently 66 billion TRX in circulation, the remaining 34 billion, he says are still controlled by Sun.

The 27 Super Representative nodes are also “mostly controlled” by either Sun or the Tron Foundation using DPoS.

Tate further pointed to Tron CTO Lucien Chen quitting the company, in May this year, because of the network becoming “excessively centralized,” and quoted him saying that from token distribution to Super Representatives, code development, and even the community is centralized.

“This is typical for DPoS projects, we call it “delighted proof of shenanigans” in the book,” said Tate.

Tron, he said has nothing unique to offer and is all about just a few gambling apps, marketing hype and paid Twitter bots.

And now this has extended to Poloniex because “CircleApp sold Poloniex to Sun,” Tate explains. On Nov. 13, Sun admitted to investing in the cryptocurrency exchange, calling it just “helping friends.” A few days later, Poloniex applied for becoming a Tron Super Representative.

“Poloniex has turned into a TRX shill factory after making off w/ US customers sensitive data,” Tate said this in reference to the exchange’s deleted Tweet this month telling its followers to “buy Tron.”

“I am royally pissed my personal data, my friends and families data and other US DigiByte customers most sensitive data is now in the hands of this circus that is now Poloniex. Or the TRX shill factory as we should now call it,” added Tate.

In response, the exchange a few hours later announced its decision to delist Digibyte stating, the cryptocurrency is “not qualified per our listing standard.”

Most recently, Tate called Binance founder Changpeng Zhao and Sun “a bunch of crooks.” decision.

Also Read: Poloniex US Customers Need to Withdraw Assets from Circle ASAP to Avoid Fees

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AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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