TRON CEO says he’ll “save” ETH and EOS builders from the alleged “collapse” of their platforms

Decentralized Internet Protocol Justin Sun, CEO of TRON, said in a tweet on December 6th that the company would set up a fund to “save” Ethereum (ETH) and EOS developers from the “collapse” of their platforms.

Sun made its offer on the condition that the developers “migrate” their decentralized applications (dApps) to the Tron Foundation network. In the heat of the glowing crypto market crash, one angry commenter immediately quipped, “So … are we jumping from the sinking ship to another sinking ship? Sh **, I’m in. When to jump sir “

EOS New York, allegedly the Twitter account of one of the EOS network block makers, responded directly:

“We believe that given the billion dollar VC funding for #EOS and #EOSIO projects that are locked and loaded on Galaxy, SVK Crypto, Tomorrow, etc. around the world, we will be fine. Good luck Justin. “

Other responses included the range of affirmation, ridicule, or moderate demands for unity in the industry. A user referring to the divisions over Bitcoin Cash’s (BCH) recent hard fork said with concern, “It looks like we are now having a #dapp war after the #hashwar.”

This isn’t the first time Justin Sun has incriminated his competitors in the industry on social media. In early October, the CEO claimed the latest version of the Tron network, Odyssey 3.1, could outperform Ethereum in terms of speed and EOS in terms of cost. Sun’s claims at the time resulted in an eight percent increase in the TRX token value.

In the past few weeks, TRX – as ETH and EOS – has seen a significant drop in value in volatile markets. The token, ranked the 10th largest crypto on CoinMarketCap, is down 4.5 percent on the day and 44 percent for the month, trading at $ 0.013 at press time.

In third place, ETH is down 14.5 percent on the day and 59 percent on the monthly chart, and is currently trading at $ 85. EOS, which was trading at $ 1.71 at press time, is down 21.2 percent on the day and 69 percent from the previous month.

In mid-November, TRON started a $ 1 million accelerator program to help developers create DApps and products based on the TRON protocol.

At the beginning of November, the decentralized liquidity network Bancor announced that it was supporting EOS in its dApp for cross-blockchain token swaps. With the dApp BancorX, users can convert between ETH and EOS-based tokens without exchanging them in order to bridge infrastructures and offer the industry better interoperability.

Comments are closed.