Is TRON Coin ($TRX) Crypto Scam or Legit ?? 🔥

 

 

A Scam or a Healer? The Truth Behind TRON Coin

 

Introduction

 

The blockchain project TRON, founded by Justin Sun in 2017, has been the center of attention in the crypto world lately. The Singapore-based project claims to be a fast, scalable, and responsive smart contract platform with a throughput of 2,000 transactions per second. The TRON blockchain operates on top of the TRON virtual machine, similar to the Ethereum Virtual Machine (EVM). The team behind TRON aims to disrupt the content model of the web and give users a way to monetize their data, with the goal of "healing the web."

 

However, not everyone believes in the TRON project. Many observers have been alleging that TRON is a scam, and the project has been facing accusations and rumors. In this article, we will examine the evidence and determine if TRON is a scam or a legitimate project.

 

Accusations and Rumors

 

The accusations against TRON started in January 2018 when the project was accused of plagiarizing other protocols' white papers. The founder, Justin Sun, explained that it was due to unknowing volunteers with translation difficulties.

 

In March 2019, Sun announced that he would be giving away $20 million and a Tesla to celebrate the success of BitTorrent. However, Sun did not follow through with this promise, leading to accusations of false advertising. BitTorrent was also plagued with employee resignations, who claimed that Sun exaggerated the technology's promise and had too much power to manipulate the price due to access to too many TRON nodes.

 

To add to the controversy, Sun recently called TRON's native token, Tronix (TRX), a "shit coin."

 

TRON's On-Chain Activity

 

Despite the controversy surrounding TRON, the network appears to be legitimate and strong. Flipside Crypto analyzed TRON's on-chain activity to determine if the project was doing anything suspicious with its native token, TRX.

 

The results showed a healthy and active ecosystem. People were staking their tokens, and there was decentralized app and decentralized exchange activity. Node operators and voters were also getting rewarded, and the majority of the active supply was owned by smaller wallets, which is a good sign for the ecosystem.

 

Conclusion

 

To many, Justin Sun and TRON represent a class of useless altcoins, but the facts suggest otherwise. TRON is a real business with a market cap of $1.1 billion, successful acquisitions of BitTorrent and Steemit, and a relationship with Warren Buffet. The Flipside Crypto Asset Score Tracker confirms TRON's success, and the project has attracted a thriving community.

 

In conclusion, based on the on-chain activity and the success of the project, it appears that TRON is not a scam but a legitimate project. However, it is always important to do your own research and make informed decisions when it comes to investing in any crypto project.