THE FOUNDER OF CRYPTOCURRENCY TRON (TRX) HAS COME UNDER FIRE AFTER A BOTCHED GIVEAWAY; WHERE HE PROMISED A TESLA TO A COMPETITION WINNER.
Justin Sun is the founder of cryptocurrency Tron, which was, until today, one of the largest cryptocurrencies listed in the top 10 on CoinMarketCap. Tron was founded by Justin in 2017 and aimed to decentralize the entertainment sector.
Earlier this month, Justin launched a competition promising to give one lucky winner a Tesla while also airdropping over $20 million dollars to other competition entrants; much to the excitement of Tron supporters.
However, fans were soon disappointed to find that Justin was not being honest and transparent, fans had noticed that there seemed to be many inconsistencies in the competition.
Justin initially asked fans to follow him on twitter and retweet his post to be entered into his giveaway, by doing so he promised to give over $20 million dollars, split between 88 randomly drawn participants and a Tesla car to an additional one lucky competition winner.
But now, it transpires that the the prizes and possibly the winners were never actually real in the first place.
The drama started around 4 days ago on 25th March 2019, when posts started popping up on Reddit claiming that tens of thousands of Justin Sun’s new followers, appeared to be fake.
Those arguing in Sun’s defense are claiming that any giveaway that is offering a cash prize that is worth a large sum of money, that simply ask for followers and retweets, will undoubtedly cause a large number of fake accounts to be created, as is pictured above.
Things only got worse when days later, The Tron Foundation posted the first draw results from their official twitter account and strangely enough, appeared to pick a twitter account that seems to have been created by a bot.
Cryptocurrency expert and analyst John Galt (@CryptoJohnGalt), was one of the many people to point out some of the inconsistencies in Justin’s giveaway.
In the following draw, the one to determine the ’88 random winners’, Galts pointed out that all of these accounts appeared to be from the same person. He stated, that all of the IP hashes and timestamps point towards the ’88 random winners’ being the exact same person.
The winner of the Tesla competition was then announced as twitter user
@uzgaroth, via video posted by Sun to twitter, who was then asked to send his contact details through to the Tron team; however, he claims after doing so he failed to hear anything back from Justin or the Tron team.
Other users also pointed out that the live video which shown the competition draw, appeared to show @uzgaroth as the competition winner 30 seconds before the actual draw is announced.
Justin claims that this was due to a ‘glitch’ in Twitter’s system, he stated that the video was ‘too large’ for Twitter and the compression caused a glitch in the video.
What is strange though, is Justin Sun has now removed any mention of @uzgaroth from his twitter account and is refusing to acknowledge uzgaroth as the winner, regardless of him posting the earlier video, which has also now been deleted from Sun’s twitter account.
To add insult to injury, Justin Sun then offered @ugaroth an all expenses paid trip to the next Tron summit in 2020.
Justin described the situation as being ‘unfortunate’, which some have called a huge understatement and an insult. Some have even pointed out to similarities to other altcoins who have run scam giveaways and prizes in the pas,t such as Waltonchain and Bitconnect.
As a result of this drama, Tron has seen a drop of 1% and growing over the past 24 hours. Many users are claiming to be cashing out due to this drama, after all many are claiming that if Justin, the founder of Tron, is capable of this, what else could he be capable of?