I just read Tron's whitepaper. It raises more Red Flags than a Worker's Parade inside the Soviet Union

in #cryptocurrency7 years ago

Right now Tron (TRX) is on number 6 spot with a market cap nearing $20 billion. So I thought I'd read the whitepaper and figure out what it is.

Here is the whitepaper.

https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf

On bottom half of page 2

Realization Path of TRON

    Exodus, Data Liberation
    Odyssey, Content Empowerment
    Apollo, Free Movement of Value Decentralized Token Trading Exclusively for Individuals
    Star Trek, Traffic Monetizing Gaming of Decentralization and Market Forecast
    Eternity, Traffic Conversion De-centralized Game

I shit you not, this is what the paper actually says.

Here is the distribution on section 10.2

Total amount of TRX is 100 billion and will be allocated as follows:

    Public offering: 40%
    TRON Foundation and the ecosystem: 35%
    Private offering: 15%
    Pay initial supporter - Peiwo Huanle (Beijing) Technology Co., Ltd.: 10%

CEO of Tron was the founder of Peiwo.

Whoever is still buying Tron at this stage, good luck to you.