Tron’s Justin Sun on New Tron Deal: “Industry Giant Value at More than $10 Billion USD”


Tron CEO Promises Partnership With “Industry Giant Value at More than $10 Billion USD” Via Tweet

Justin Sun, the CEO of the Tron network, has hinted that a new partnership would be make with an undisclosed firm valued at “tens of billions of dollars”, according to him.

After the statement, many of the followers started to guess and speculate. One of the guesses was that it could be Alibaba. As Justin Sun was a student of Alibaba’s founder Jack Ma’s Hupan university, some people saw a connection.

However, Alibaba is simply too big to be announced as “worth tens of billions”, since it is actually valued at $400 billion USD. Because of this, one could say that Alibaba could be considered as disqualified from the list.

Which Could Be The Mysterious Company?

Some other suggestions included companies like Baidu, Clover and even Disney, as reported by Cointelegraph. However, it is simply difficult to know for sure as none of these companies have made any real announcement. It is also important to notice that maybe the deal can even not be finished yet, so it might not be any company at all.

Speculation continues as no one is actually sure whether what will happen. In fact, with a recent trouble in the market as the price of Bitcoin dropped, a company backing down on investing in crypto companies would not be surprising at all.

Other News On Tron

Some other relevant updates on the Tron network include the launch of the Tron Virtual Machine and the recent promise that its creator made that the network would be faster than Ethereum and EOS.

Also, the company has recently announced Project Atlas, which would be the integration with BitTorrent. BitTorrent has recently opened its more than 100 million ad network to crypto projects, too.

At the time of this report, the Tron network was the 11th largest crypto by market cap and the TRX tokens were worth $0.0227 USD each.

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