Justin Sun Puts Crypto Space in Frenzy Over June 8th Special Project Announcement

By June 1, 2020DApps
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CEO Justin Sun fueled theories from the public by divulging that a special project was to be announced June 8th as Tron Foundation marked their 2nd anniversary, recording about 6 Million users on their mainnet.

Justin Sun, Tron CEO revealed that they had an exciting project to be made on the 8th of June. He however wasn’t keen to quell speculations on what the announcement would be, even inviting the public to make a guess.

“We have an exciting project to be announced in June 8! Stay tuned and make a guess!”

Accounts nearly at 6M users

This was as Tron Foundation celebrated its second year anniversary marking exactly two years on the 31st May since they launched their mainnet in 2018. The network has grown exponential recording users accounts just shy of the 6 Million mark. They host over 750 Dapps with close to 850 nodes globally.

They are however speculations regarding the important announcement Sun is bound to make on the 8th. Insight into the new update dubbed Tron 4.0 has been offered by Sun and Tron although release date yet to be set. Users are expecting security upgrades, cross-chain interoperability, and a commercial version of the mainnet. Sun recently remarked on his twitter “TRON 4.0 is coming” further stirring the pot.

In a recent twitter poll, Sun pitted his Tron 4.0 against the highly anticipated Ethereum 2.0 to measure the popularity levels which Tron won. There have however been allegations that Sun had exaggerated the results to win the poll.

The TRON (TRX) trading at $0.016319 has been ranked 17th by Coinmarketcap enjoying a trading volume of $1,672,910,550 in the past 24 hours. The TRX has a market cap of $1,088,176,498 with 66,682,072,191 TRX in circulation as per this writing.

Sun’s recent woes

Justin Sun was yet again in the spotlight as he caused an uproar following Tron Foundation benefiting from the historic $2 Trillion US CARES stimulus package. The foundation received subsidies $ 2million while smaller businesses struggled to access the funds due to the competitive requests and requirements to qualify for the package.

His recent woes with the STEEM community hasn’t helped his case. He acquired Steemit, the largest Dapp on the STEEM Blockchain where he oversaw a ‘hostile takeover’ on the Blockchain by rallying votes from Binance, Poloniex, and Huobi behind his witness. This led to some disgruntled users initiating a hard fork and onboarding the Hive. STEEM has since rolled out an update that members of the hive believe are punitive measures for opposing his takeover. The purge saw over 23.6 million STEEM tokens valued at $5 M seized from 64 witnesses dubbed ‘rogue actors’.

The experienced blockchain writer has worked as an analyst in the cryptocurrency field in the last four years which has enabled to him gain massive knowledge in blockchain technology and cryptography. He is a trained Financial Economist having graduated with a Bachelor's in Financial Economics in 2017. He is well known for his simple writing style that allows beginners in the blockchain space to easily understand and have fun while reading. Lujan, the Dr. Proton of Blockchain Technology.

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