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Tron’s [TRX] Justin Sun a good example of ‘fake it till you make it,’ says Samson Mow




Tron's [TRX] Justin Sun a good example of 'fake it till you make it,' says Samson Mow
Source: Unsplash

Justin Sun, CEO and Founder of Tron Foundation, was the subject of discussion on the latest episode of Magical Crypto Friends. Riccardo Spagni, the lead maintainer of Monero, Charlie Lee, the creator of Litecoin, WhalePanda, a Bitcoin influencer, and Samson Mow, the CSO of Blockstream, discussed the failed Tesla giveaway and Justin Sun’s keynote at Consensus.

The “Tesla giveaway” seemed to be trolling Justin Sun’s faux pas involving Tron’s Tesla giveaway. The giveaway in question was related to the collaboration of Tron and Tether, where the Foundation promised a Tesla to a “lucky Twitter follower,” in order to kick start the USDT giveaway.

Justin Sun picked a winner, following which, he cancelled the draw on the grounds of transparency, leaving the chosen Twitter user disappointed. The user responded,

“Do you think @justinsuntron and @TronFoundation scam me? I was officially the winner since he had mentioned  that there was no problem with the video and then they just made another draw and they forgot me. Thank you”

After a lot of outrage and an apology, Sun finally announced giving away a Tesla to the winner of both the initial and subsequent draw.

On the episode of Magical Crypto Friends, they also discussed Justin Sun’s keynote at Consensus 2019. About this, Spagni stated that he considered this news to be an April Fools’ Day joke, adding that this was “really sad.” This was followed by Mow adding that Sun was a fine example of ‘Fake it till you make it,’ stating that “he [Sun] made it.”

Spagni further added,

“I mean don’t they you know they just like skipping over the plagiarized white paper and ignoring that and like praising what? so bizarre to me”

Meanwhile, Mow stated that Sun should probably “apologize” for plagiarizing his content at the conference.

Further, Charlie Lee spoke about an incident pertaining to Tron, that occurred while he was at the Token 2049 conference.

“[… I approached the booth [Tron] and I asked her […] tell me more about [Tron]. And then she was like, ‘you’ve never heard of Tron it’s a number-10 cryptocurrency on quite market cap. I’m like no I’ve only heard of the top five and asked if she knew what the what the number 4 coin was and she’s like, ‘I don’t know what the number 4 coin is but Tron is number 10’.”

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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.


Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Namrata Shukla



Binance Chain's adds Mithril as its first project followed by MITH/USDT trading pair
Source: Pixabay

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.

Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.

According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on will be halted for the initial 12-hour migration period, however, trading will continue. The post added:

“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”

As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.

Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.

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