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Tron [TRX]: Justin Sun short-changes new winner; awards USD equivalent instead of a Tesla

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Tron [TRX]: Justin Sun short-changes new winner for USD equivalent to Tesla price
Source: Unsplash

The TRON-Tesla tryst is one that has arrested the attention of the cryptocurrency community on Twitter. Following a botched marketing ploy by Justin Sun in March 2019, the Tron spearhead finally made amends on his Tesla promise. However, Sun failed to go all in on his promise.

On March 12, to celebrate the success of BTT, USDT, and Tron, Sun had announced a “$20, free cash airdrop.” In addition to the same, he stated that he will “randomly pick” a winner to receive a Tesla.

According to John Galt, the first draw went to a bot account and the 87 winners were the same person. The Tesla winner, @uzgaroth, was asked to provide his contact details by Sun, followed by the CEO promptly deleting the tweet and all mentions of the winner.

Following @uzgaroth’s tweet asking the crypto-community if he’d been scammed, Sun short-changed the user with a trip to the niTROn 2020 conference, instead of the Tesla, triggering a calamity of Twitter memes to the effect.

However, nearly one and a half months after the episode, Sun revealed another winner, Lee Huynh. Funnily enough, Huynh would not receive the electric car, but a USD-equivalent of the same, or close enough. Sun’s tweet read,

Source: Twitter

Picking up where the Tesla controversy left off in March, crypto-Twitter resumed its criticism of Sun. Many online not only questioned the lax sidelining of @uzgaroth and the announcement of a new winner, some also speculated on the price of the Tesla and its USD equivalent

According to The Verge, the cheapest variant of Tesla’s Model 3 is priced at $35,000, $7,000 more than what Sun is offering as the “#USD that is equivalent to #Tesla price.”



Regardless of the conversion and the USD price of the car, Huynh does not plan on purchasing a Tesla. Instead, “the winner,” stated that he converted his reward into TRX. Leo Huynh tweeted, tagging the former “winner” as well,

Source: Twitter

A few minutes after revealing Leo Huynh to be the “winner,” Justin Sun made good on his earlier promise to @uzgaroth, stating that the latter would be the “2nd winner” and that a sum of “28,000 $USD value of #TRX” would be awarded to him as well. Sun tweeted,

Source: Twitter





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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