Tron (TRX) Accused of Price Pump In Accelerator Competition Uproar

Tron’s accelerator competition closed on 4 January with $1 million in prize money to be won, but now dapp developers are up in arms, if the outpouring of complaints on the discord channel are anything to go by.

Tron, a dapp platform that is now ranked the ninth most valuable by market cap, bought pioneering peer-to-peer filesharing application BitTorrent in July last year.

The project is led by Justin Sun and has recently been gaining traction both in terms of adoption and price.

But all may not be what it seems at first glance say its many doubters.

Price pump accusations

It stands accused by of pumping the price of its token – TRX – by luring devs onto its platform, especially from Ethereum, under false pretences with its generous competition prizes in its accelerator programme.

Reddit user 9hil is one such critic.

He drew attention to the email that has been sent out to entrants changing the rules after the competition had closed:

Due to the unexpectedly high volume of…

Read Full Story : Ethereum World News

2019-01-13 12:55:29

Gary McFarlane

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