Tron is the brainchild of millennial Chinese entrepreneur Justin Sun. Instead of erecting yet another blockchain protocol aimed at unseating Ethereum, Justin took aim at the Internet itself and set out to create a decentralized version of the Internet with entertainment and gaming apps as his chosen niche. Hollywood could not have cast this movie any better: Justin is a protege of Jack Ma, the founder of Alibaba, and has recruited senior Alibaba programmers to the Tron cause. Justin’s investors are the who’s-who of China, including other prominent businessmen supported by Jack Ma.
It is my hypothesis that Jack Ma is either incubating the token to be used by Alibaba (the company that had a better year than Amazon and is racing toward a $500 Billion market capitalization), or he is more discreetly supporting Tron as an advisor or silent partner to Justin. Jack Ma has openly stated that he is not a fan of bitcoin, and humbly admits his lack of knowledge of the blockchain. But he does want to see wealth distributed more equitably and would naturally get behind a token such as Tron if it took off. A lot rests on Justin Sun’s shoulders and his ability to execute and bring honor to his Chinese backers. A lot also depends on the Chinese government and its loosening of Crypto trading regulations in China (something which I believe is inevitable).
So far, Justin Sun has shown an incredible resilience and commitment to his project (much like a Chinese Mark Zuckerberg). This past fall, his ICO got caught in the crossfire of the Chinese clamp down on ICOs and cryptocurrency exchanges, setting him back several months. But he pulled himself up by his bootstraps and with the help of exchanges such as Binance (known for supporting Chinese tokens), he re-launched Tron in Q4 of 2017. He has cut several partnership deals, bringing in millions of prospective customers, and has been working on a dog version of Cryptokitties (the popular virtual pet game that actually slowed down the Ethereum network). His flair for marketing and Twitter self-promotion (which may be off-putting to some in the West), is in fact an incredible asset over the long haul as mass awareness of his token — using all means available — becomes far more important than style points and message discipline. This is especially true for Justin’s asian and international fanbase, which doesn’t really care if he compares himself to a digital knight “tilting windmills” with CGI dragons. They just want him to continue being Justin and make Tron a big success.
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TRON is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. The Tron Protocol, one of the largest blockchain based operating systems in the world, offers scalable.
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Well, Ripple has a lot of backing, is a very active project and can be held long. So we can open a trade here, with very low risk and huge potential for rewards.
Here are some upcoming events, that can affect XRPs price in the near future:
- Uphold Listing (24 May). "You’ve been asking & we are excited to announce full support of $XRP will go live on Uphold May 24." Uphold is an exchange.
- ASROC Conference (16 June). "ASROC is a event and summit that solely examines trading of tokens, bitcoin, ethereum and alt coins," in Los Angeles, California.
- BAIConf London (18 June). Blockchain Alternative Investment Conference and Exhibition from Jun 18-19 at 8 Northumberland in London.
The BEAT Blockchain provides a decentralized framework to share patient activity and health information across a range of applications and stakeholders. Benefits will be improved data integrity, decentralization, confidentiality and reduced transaction costs.
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