It seems that the man behind the legendary altcoin TRON, Justin Sun, is in the cryptocurrency news every single week. This week, we are seeing reports that show that Justin Sun has spent more than $20 million to supposedly gain the likes of new Twitter followers.
Sun has been bidding for even more recognition from the Twitter world by organizing an airdrop that is supposedly worth $20 million – which is not the reason he is giving things publicly.
As his recent tweet reads:
“To celebrate BitTorrent Token & Tether – TRON success, I am planning a USD 20 million free cash airdrop. Good news – it’s coming, bad news – I may decide to give away more! First, I will randomly pick 1 winner for a Tesla up until 3/27! To apply, follow me and RT this tweet! Simple!”
Obviously, the celebration might be the main reason for this giveaway. However, Justin Sun has been on the hunt for more followers on Twitter for a while, overtaking many project leaders behind some of the biggest altcoins in the top 20 . He has also paid big sums to promote his profile and was very delighted when he overtook Ethereum’s co-founder and main political figure Vitalik Buterin in terms of the follower count.
Ultimately, this giveaway may see Justin Sun reach the one million goal in terms of followers. Right now, Sun has around 950,000 followers which are increasing by the minute. Even though these followers don’t care much about his personal reasons, they are still in the loop.
As one Twitter user with a handle @SmokeyXBT wrote:
“Still not exactly sure how BTT was a success but as long as he gives away money I don’t care what his definition is.”
What is also interesting are the rules of the competition which are yet to be released. Even though many speculate that a single winner may take the $20 million USD worth in the airdrop, others claim that the winnings will be divided by some criteria.
Like him or not, Justin Sun is always doing his best to promote cryptocurrencies, promote TRON and in every single way get more followers to his work.
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“By using Coinify, we are not running into the knife. It is still not clear to me how blockchain is any better than other database technologies. The transactions are so far more expensive and slower than a normal payment method. Decentralization brings only cumbersome improvements. None of the blockchains scale enough. But maybe I have not invested enough time and therefore understand too little how the blockchain ecosystem works.”Herren said that the decision comes after the prolonged bearish correction on the market where most of the crypto assets lost nearly a third of their value. Despite the fact that investors didn’t really get scared of the decline in prices, institutional adoption is still uncertain regarding making more profits. For example, back in 2018 in June, the Expedia hotel booking platform deleted Bitcoin out of their options and in the same year couple of months back, Reddit also stopped accepting cryptocurrency for its gold membership plans. Years back, Bitcoin became popular because of its attractiveness as a cheaper alternative for expensive payment processors. But as the technology got more popular, the network was unable to handle a higher number of transactions such as Visa or MasterCard and that’s why retailers didn’t choose crypto for making transactions. The Swiss retail giant brings bitcoin back into the retail game. However, traders who are into crypto or those who just hold on to it for better days can now use their coins to purchase something from the retail platform.
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