$TRX /BTC Found this interesting
Just wanted to let you know that the analysis that I wrote for Tron has been taken down by mods in Ethertrader and Cryptocurenecies thread without any notice and reason (This was a few days ago). Henceforth I have decided to repost on Tronix. The article you see below have been modified slightly to contain updated information from China's ICO suspension as well as clarifications from Tron (Dated September 5th).
I am not in any way related to Tron and I'm doing this on a volunteer basis. I've always been a lurker and I think that I've finally found something that I'm passionate about. Sharing my knowledge to others.
While in the bigger scheme of things, it's not a big deal. I do believe that it is important to offer an impartial analysis on a certain issue. I stand by my analysis and wish that you will do your own due diligence before you invest into any ICO's.
I do hope that as Tron grows, that we will never forget our roots. To be humble and receptive.
Anyways. All of you reading today are the pioneers, the tip of a pin. If Justin pulls it off, we'll all be heavily rewarded for being with Tron from the beginning.
Anyways. As always, Godspeed TRX.
HODL tight because this is our ticket to Mars.
Foreword:
The cryptocurrency market is undergoing a profound change. Blockchain in particular, has received a significant amount of attention from all aspects of the industry. Use cases are many and varied: ranging from programmable cryptocurrencies, property deeds management, provenance tracking to voting records.
Bitcoin was the first application of this technology, unleashing an entirely new set of businesses, jobs as well as the digitisation of payment. It has served us well in the last 8 years. In its growth process, Bitcoin has made many wealthy far beyond their dreams.
The key is, what will be the next coin that will deliver a similar return that we have seen with Bitcoin, Ethereum or NEO?
Meet Tron (Excerpt from White Paper & Forbes Article)
Before TRON, a global digital entertainment system would be faced with various problems with respect to payments. For example, if an Iranian wants to buy digital product from Japan, it is a problem for the user to pay the Japanese company in question. The payment chain and procedure are prolonged as it is impossible for a user to open a bank account in Japan only for this purpose. Through this platform, global payments are much more simplified.
TRON is based on the ERC 20 Token Standard, that supports various kinds of blockchain networks and smart contract systems including Bitcoin, Ethereum, Qtum, and provides developers with multi-protocol infrastructure for entertainment app development and allows users to benefit from what it is described as “smooth” multi-protocol smart networks. Perhaps NEO might be next in line?
TRX has additional values of information storage and identification, with records about user acquisition and TRX spending stored in the blockchain. Core information will be accessed by all TRON apps, acting as the only credential for users to play in the global entertainment system.
While TRON will support all kinds of virtual currencies, as the official currency of the platform, TRX will be used for the conversion and circulation of the entire world’s virtual currencies in TRON.
This means that gaming companies are allowed to issue any platform-specific gaming currency and trade freely with the other game publishers within the TRON protocol, which will offer an intelligent contract guarantee system for the trades of different gaming currencies. (Forbes, 2017)
Who is Justin Sun?
Key Highlights:
Justin Sun (孙宇晨) is a part of the Guangzhou Panyu CPPC and is the Vice President of the Youth Internet Development Association which was founded by the Guangzhou Communist Youth League.
Justin’s Company “Peiwo Huanle", is one of the founding member of the National Internet Finance Association of China (NIFA), the organisation which incidentally helped draft the recent Chinese 2017 ICO regulation.
The Law Firm “Zhong Lun” 中伦文德 that Tron recently retained, is a supporting unit in the drafting of the Chinese 2017 ICO regulation. Founded in 1993, Zhong Lun was among the first law firms approved by China’s Ministry of Justice.
Justin Sun is the CEO of TRON. In particular, he has been hailed as the next Jack Ma (Forbes, 2017). He was described on Forbes and on many mainland news agencies as an ingenious visionary with the determination to make his businesses global game changers.
Justin has appeared among the ranks of the Forbes China "30 under 30" in both 2015 and 2017 plus Forbes Asia "30 under 30” and was named as a Global Shaper by the World Economic Forum.
What’s more impressive is that he was personally invited to become one of the first students of Hupan University. Located in Hangzhou in eastern China's Zhejiang Province. The university was founded by Jack Ma himself.
The Hupan University has always been very open about its selective nature for students. By admitting only 44 out of over 1000 applications in 2017, its acceptance rate (4.07%) was lower than that of Stanford (4.7% for this year's undergraduate college).
To become an eligible applicant of Hupan University, one has to be the founder of a company that's at least 3 years old, has more than 30 employees and an annual revenue of over 30 million yuan. On top of them, applicants also need to provide proofs of the business's tax payment, and to get 3 accommodation letters of which at least one must be from the University's list of certified referees. (Elephant Room, 2017)
In-addition, Justin was a former China representative for Ripple which he spearheaded Ripple’s Series A Funding in China which led to its 100+ times multiple growth.
Justin is by no means, a light weight.
Team & Background
Similar to Ethereum. TRONIX is backed by a team of industry veterans and numerous high profile investors. (Note: I would not be surprised if Alibaba is using Tron Lab as a proxy to combat Tencent’s grip on the messaging & entertainment foothold.)
Key investors include:
Jihan Wu (CEO of BITMAIN)
Wei Dai (The founder of OFO, the largest shared bicycle provider in china with a 3 Billion USD valuation)
Feng Li (Investor of Coinbase and Ripple) also an former board director of Ripple
Binshen Tang (Founder of Clash of Kings, with over 10 Million Monthly Active Users)
Weixing Chen (Founder of Kuaidi) *Note that Didi recently purchased Uber China Business for 35 Billion Dollars (CNBC, 2016)
Mingshan Yin (Founder of Lifan Group) with over 2 billion USD market value
Chaoyong Wang (Founder of ChinaEquity Group) with over 2 billion USD market value
Patrick (Founder of QTUM) & Linke Yang (Founder of BTC China)
This is just scratching the surface, links of the other investors can be found below.
In-terms of development team. Justin mentioned in his livestream that Peiwo and Tron Lab, had a headcount of 80 people and that he was looking to hire 50 more in his Beijing Office.
Bitcoin, meet TRONIX
Unlike Bitcoin, TRONIX is a completely different generation of cryptocurrency.
We can consider Bitcoin as a 1st generation Crypto. It’s very basic, requires a lot of computing power and you can’t do much with it besides P2P transactions. It’s here because it has been around the longest.
Ethereum is a 2nd generation Crypto, there’s more functionality and a lot of flexibility that you can do that Bitcoin can’t.
TRONIX is a third generation Crypto. Not only it can do all of the above, but it’s user facing. Something that is key to mass market adoption. Rather than competing, I see Ethereum Co-Existing with TRONIX. Ethereum will form the backbone of the future (*Like the Internet), while TRON will be the Facebook of tomorrow.
What’s Next?
Sun boldly added: “We are very confident that TRON will reach a target of one million wallets registered within a year. The first million registered users will be rewarded with considerable TRX tokens by registering on the TRON platform.”
This is the next Bitcoin/Ethereum/NEO moment. Don’t miss it out guys!
ICO Link & White Paper:
TRX is a ERC 20 Token, so a MEW wallet works!
You will get your TRX tokens on September 9th
Purchase TRX on TronLab website
These investigative reports takes time to type and translate, if you would like me to continue, do send me some coffee beans!
ETH (MEW) : 0x69169Ff4B36EE6D1C99C5CB29baa3EA8B19bbcf9
BTC: 13u1nAyuWNj8hSWpGFgdghgD5JWF49yUfY
References
Forbes Article
HUPAN University
CNBC Article
http://tronlab.com
Tencent News (NIFA Organisation): http://finance.qq.com/a/20170828/062914.htm
Justin’s English Livestream: http://twitcasting.tv/f:112877609431286/show/
Justin’s Author Ranking: http://book.163.com/17/0418/20/CIB50L4V00923P3U.html
http://www.zhonglun.com/en/
Law Firm Reference: 中伦文德是《2017ICO信息披露指引》的支持单位，在互联网金融、区块链、ICO相关领域颇有建树，这使得中伦文德律师事务所能在区块链的法律业务领域为波场TRON提供法律解决方案。
Law Firm Reference http://tech.china.com/article/20170829/2017082953840.html
Just wanted to let you know that the analysis that I wrote for Tron has been taken down by mods in Ethertrader and Cryptocurenecies thread without any notice and reason (This was a few days ago). Henceforth I have decided to repost on Tronix. The article you see below have been modified slightly to contain updated information from China's ICO suspension as well as clarifications from Tron (Dated September 5th).
I am not in any way related to Tron and I'm doing this on a volunteer basis. I've always been a lurker and I think that I've finally found something that I'm passionate about. Sharing my knowledge to others.
While in the bigger scheme of things, it's not a big deal. I do believe that it is important to offer an impartial analysis on a certain issue. I stand by my analysis and wish that you will do your own due diligence before you invest into any ICO's.
I do hope that as Tron grows, that we will never forget our roots. To be humble and receptive.
Anyways. All of you reading today are the pioneers, the tip of a pin. If Justin pulls it off, we'll all be heavily rewarded for being with Tron from the beginning.
Anyways. As always, Godspeed TRX.
HODL tight because this is our ticket to Mars.
Foreword:
The cryptocurrency market is undergoing a profound change. Blockchain in particular, has received a significant amount of attention from all aspects of the industry. Use cases are many and varied: ranging from programmable cryptocurrencies, property deeds management, provenance tracking to voting records.
Bitcoin was the first application of this technology, unleashing an entirely new set of businesses, jobs as well as the digitisation of payment. It has served us well in the last 8 years. In its growth process, Bitcoin has made many wealthy far beyond their dreams.
The key is, what will be the next coin that will deliver a similar return that we have seen with Bitcoin, Ethereum or NEO?
Meet Tron (Excerpt from White Paper & Forbes Article)
Before TRON, a global digital entertainment system would be faced with various problems with respect to payments. For example, if an Iranian wants to buy digital product from Japan, it is a problem for the user to pay the Japanese company in question. The payment chain and procedure are prolonged as it is impossible for a user to open a bank account in Japan only for this purpose. Through this platform, global payments are much more simplified.
TRON is based on the ERC 20 Token Standard, that supports various kinds of blockchain networks and smart contract systems including Bitcoin, Ethereum, Qtum, and provides developers with multi-protocol infrastructure for entertainment app development and allows users to benefit from what it is described as “smooth” multi-protocol smart networks. Perhaps NEO might be next in line?
TRX has additional values of information storage and identification, with records about user acquisition and TRX spending stored in the blockchain. Core information will be accessed by all TRON apps, acting as the only credential for users to play in the global entertainment system.
While TRON will support all kinds of virtual currencies, as the official currency of the platform, TRX will be used for the conversion and circulation of the entire world’s virtual currencies in TRON.
This means that gaming companies are allowed to issue any platform-specific gaming currency and trade freely with the other game publishers within the TRON protocol, which will offer an intelligent contract guarantee system for the trades of different gaming currencies. (Forbes, 2017)
Who is Justin Sun?
Key Highlights:
Justin Sun (孙宇晨) is a part of the Guangzhou Panyu CPPC and is the Vice President of the Youth Internet Development Association which was founded by the Guangzhou Communist Youth League.
Justin’s Company “Peiwo Huanle", is one of the founding member of the National Internet Finance Association of China (NIFA), the organisation which incidentally helped draft the recent Chinese 2017 ICO regulation.
The Law Firm “Zhong Lun” 中伦文德 that Tron recently retained, is a supporting unit in the drafting of the Chinese 2017 ICO regulation. Founded in 1993, Zhong Lun was among the first law firms approved by China’s Ministry of Justice.
Justin Sun is the CEO of TRON. In particular, he has been hailed as the next Jack Ma (Forbes, 2017). He was described on Forbes and on many mainland news agencies as an ingenious visionary with the determination to make his businesses global game changers.
Justin has appeared among the ranks of the Forbes China "30 under 30" in both 2015 and 2017 plus Forbes Asia "30 under 30” and was named as a Global Shaper by the World Economic Forum.
What’s more impressive is that he was personally invited to become one of the first students of Hupan University. Located in Hangzhou in eastern China's Zhejiang Province. The university was founded by Jack Ma himself.
The Hupan University has always been very open about its selective nature for students. By admitting only 44 out of over 1000 applications in 2017, its acceptance rate (4.07%) was lower than that of Stanford (4.7% for this year's undergraduate college).
To become an eligible applicant of Hupan University, one has to be the founder of a company that's at least 3 years old, has more than 30 employees and an annual revenue of over 30 million yuan. On top of them, applicants also need to provide proofs of the business's tax payment, and to get 3 accommodation letters of which at least one must be from the University's list of certified referees. (Elephant Room, 2017)
In-addition, Justin was a former China representative for Ripple which he spearheaded Ripple’s Series A Funding in China which led to its 100+ times multiple growth.
Justin is by no means, a light weight.
Team & Background
Similar to Ethereum. TRONIX is backed by a team of industry veterans and numerous high profile investors. (Note: I would not be surprised if Alibaba is using Tron Lab as a proxy to combat Tencent’s grip on the messaging & entertainment foothold.)
Key investors include:
Jihan Wu (CEO of BITMAIN)
Wei Dai (The founder of OFO, the largest shared bicycle provider in china with a 3 Billion USD valuation)
Feng Li (Investor of Coinbase and Ripple) also an former board director of Ripple
Binshen Tang (Founder of Clash of Kings, with over 10 Million Monthly Active Users)
Weixing Chen (Founder of Kuaidi) *Note that Didi recently purchased Uber China Business for 35 Billion Dollars (CNBC, 2016)
Mingshan Yin (Founder of Lifan Group) with over 2 billion USD market value
Chaoyong Wang (Founder of ChinaEquity Group) with over 2 billion USD market value
Patrick (Founder of QTUM) & Linke Yang (Founder of BTC China)
This is just scratching the surface, links of the other investors can be found below.
In-terms of development team. Justin mentioned in his livestream that Peiwo and Tron Lab, had a headcount of 80 people and that he was looking to hire 50 more in his Beijing Office.
Bitcoin, meet TRONIX
Unlike Bitcoin, TRONIX is a completely different generation of cryptocurrency.
We can consider Bitcoin as a 1st generation Crypto. It’s very basic, requires a lot of computing power and you can’t do much with it besides P2P transactions. It’s here because it has been around the longest.
Ethereum is a 2nd generation Crypto, there’s more functionality and a lot of flexibility that you can do that Bitcoin can’t.
TRONIX is a third generation Crypto. Not only it can do all of the above, but it’s user facing. Something that is key to mass market adoption. Rather than competing, I see Ethereum Co-Existing with TRONIX. Ethereum will form the backbone of the future (*Like the Internet), while TRON will be the Facebook of tomorrow.
What’s Next?
Sun boldly added: “We are very confident that TRON will reach a target of one million wallets registered within a year. The first million registered users will be rewarded with considerable TRX tokens by registering on the TRON platform.”
This is the next Bitcoin/Ethereum/NEO moment. Don’t miss it out guys!
ICO Link & White Paper:
TRX is a ERC 20 Token, so a MEW wallet works!
You will get your TRX tokens on September 9th
Purchase TRX on TronLab website
These investigative reports takes time to type and translate, if you would like me to continue, do send me some coffee beans!
ETH (MEW) : 0x69169Ff4B36EE6D1C99C5CB29baa3EA8B19bbcf9
BTC: 13u1nAyuWNj8hSWpGFgdghgD5JWF49yUfY
References
Forbes Article
HUPAN University
CNBC Article
http://tronlab.com
Tencent News (NIFA Organisation): http://finance.qq.com/a/20170828/062914.htm
Justin’s English Livestream: http://twitcasting.tv/f:112877609431286/show/
Justin’s Author Ranking: http://book.163.com/17/0418/20/CIB50L4V00923P3U.html
http://www.zhonglun.com/en/
Law Firm Reference: 中伦文德是《2017ICO信息披露指引》的支持单位，在互联网金融、区块链、ICO相关领域颇有建树，这使得中伦文德律师事务所能在区块链的法律业务领域为波场TRON提供法律解决方案。
Law Firm Reference http://tech.china.com/article/20170829/2017082953840.html
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