Tron CEO, Justin Sun, asks developers from Ethereum and EOS to migrate to Tron
Blockchain startups are going through a really bad phase right now. From mass firing and company restructure to complete product changing, blockchain startups are doing everything in heir power to stay relevant. One of the major reason for this is total fall in the value of Ethereum, on which most of the projects are running.
Now Justin Sun, the founder and CEO of Tron, asks DApps developers from Ethereum and EOS to migrate to Tron network on Twitter. He has announced a special relief fund to fund the DApps developers.
— Justin Sun (@justinsuntron) December 7, 2018
The tweet did get the attention of some DApps developers. BitGuild Bitizen’s a popular DApp on Ethereum has already announced that they will be shifting to Tron blockchain. EOS New York, one of the biggest node producer of EOS declined the offer and said that they have “billions of dollars in VC money, so they will be just fine”.
We think we will be just fine given the billion dollars in VC funding for #EOS and #EOSIO projects that is locked and loaded around the world at Galaxy, SVK Crypto, Tomorrow, etc. Appreciate the offer, though. Best of luck, Justin. @block_one_ @SVK_Crypto @tomorrowbc
— EOS New York (@eosnewyork) December 7, 2018
Justin Sun is a showman. He knows how to use trends to his advantage, and he doesn’t miss a chance to promote Tron whenever and wherever he can. So it’s always wise to not take his tweets seriously.
What Justin Sun doesn’t realize is that along with Ethereum and EOS, his Tron ship is also sinking. In January Tron was valued at $0.25 and is currently valued at $0.013 while Ethereum, on the other hand, reached $1389 and is currently trading at $92. In terms of loss Tron has 94% of it’s January value while Ethereum has 93%.
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