If you have been asking yourself “is Tron a scam” and questioning the legitimacy of the TRX network, you are not the only one. However, a new report from Flipside Crypto aims to examine the ecosystem and determine whether the project is a scam or not.
In the latest reports, Flipside Crypto takes a deep look into Tron (TRX) with the hope of answering a question which many critics in the cryptocurrency space have posted – “is Tron a scam?”
The report begins with the compromised origins story that Tron has – apparently coming from the plagiarized white paper to the promise of the $20 million giveaway that was never fulfilled. However, the report concludes things very unexpectedly, stating:
“Turns out, looking at the active supply of TRX in the past 30 days reveals a very healthy and active ecosystem.”
The report which is now viral in the Tron news shows that users are staking, both whales and regular users are using decentralized apps and TRX is traded on decentralized exchanges. Also, both node operators and voters get rewarded.
So, if you are thinking “is Tron a scam,” you should know that the TRX network supply is not concentrated among a few big wallets but is evenly distributed. All of this leads to the findings of Flipside Crypto which basically state that “Tron is more real” than 90% of the blockchain projects that they have examined.
“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 team said.
However, what is again worth noting is the fact that there are many non-believers in Tron. However, this is one of the cases where an unanimous consensus is not necessary. With that said, we can finally conclude and give a straight answer to the “is Tron a scam?” question which is “No.”
Speaking of Tron and TRX, today’s movement of the altcoin in the cryptonews shows no change as it is trading at $0.016 at the 17th position.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.