Tron Network Grows And Company Experiences Series Of Positive News


Over the last few months, Tron has suffered from a series of negative news, and this has affected the network’s performance. There has been some controversy surrounding Tron’s founder, Justin Sun, and this fueled rumors that the project as a whole may be in trouble. However, this negative news around Tron seems to have come to an end.

Negative News Around Tron

In early July, a video of Beijing police forces raiding Tron’s headquarters surfaced. It was reported that the police were raiding the offices on the suspicion that the company is running a crypto-related scam. This video sent shockwaves across the crypto community and the price of Tron’s token, TRX, fell on the markets.

It was later clarified that the reports that police were there to investigate a scam were false. Instead, Tron reported that the police were present at the company’s headquarters to protect Tron’s staff from protestors who were present outside its building. Sun described the story accompanying the video as fake news.

During the same period, Tron’s CEO was due to host a lunch with Warren Buffett and some blockchain industry leaders. The lunch was supposed to be an educational and fundraising initiative to bring more wealthy investors into the blockchain and crypto industry. Sun went as far as inviting President Donald Trump to the lunch to educate the American president about cryptocurrency.

The lunch was canceled at the last minute, and rumor had it that it was because Sun was under police custody at the time and hence, he could not make it. This further fueled the rumors that the crypto firm was in trouble with the law and again, the price of TRX suffered.

Positive News Around Tron

The Tron community will be happy that there is now some positive news around the network, which could influence a turnaround of fortunes. It has been announced that the lunch with Warren Buffet is back on track, and Tron’s CEO will sit down with the business mogul and other leading industry players.

The number of dApps on Tron’s network has continued to increase over the last month as more applications and users take an interest in the network. There is a total of 569 dApps on Tron’s network to date, and there are more scheduled to be launched in the next few weeks.

Accompanying the increased number of dApps on the network, there has been a growth in the number of transactions executed on Tron. Tron has launched successive projects which have boosted the network’s overall growth. Some of the projects include BitTorrent Live, Sun Network, BTFS, and BitTorrent Speed. Sun’s company has launched these projects in a bid to slow down the fall of TRX’s price.

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