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Home Altcoins

Justin Sun Warns Investors Against ‘Highly Risky’ TRON Community DeFi Project

Roadmap for Great Voyage TRON 4.0 – Justin Sun

by Khalid Lawal
July 2, 2020
in Altcoins, Business, Finance, General News
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The founder and CEO of TRON blockchain technology Justin Sun, has cleared the air about his connection with TRON community DeFi project OKS, issuing a stern warning to investors against vesting their interests and funds in the project.

Also, the CEO of BitTorrent, Justin Sun made the clarification on his Weibo account. Clearing his stance in relation to the decentralized finance crypto project, the millennial CEO said Defi project OKS was built by TRON community members, however, the project has nothing to do with him or any TRON official.

The Chinese descent crypto icon explained that the DeFi project has not been officially audited, adding investing in OKS now is highly risky.

Sun further urged investors to stay off the project and avoid participating, as he or TRON Foundation will not be responsible for any loss encountered in the investment process.

Although Justin Sun has invested in a number of crypto-related projects with the aim of encouraging crypto adoption across the globe, however, he is staying aloof this project. He said the OKS project is still in its early stage and investors should be warry of hackers.

Justin Sun

Justin Sun who updated the message on his Weibo account with his iPhone 11 Pro Max said he also communicated the Pnet about their connection with OKS, but they claimed that Pnet IEO has nothing to do with the DeFI project.

Roadmap for Great Voyage TRON 4.0 – Justin Sun

Founder Justin Sun has just released the TRON blockchain technology roadmap for TRON 4.0, saying it is a voyage trip for the blockchain project.

TRON will stage an online conference for the TRON 4.0 upgrade, and it will take place on July 7, Justin Sun noted, adding that the implementation of the much-anticipated TRON 4.0 will also kickstart on the same day. Justin Sun said the event will feature top elites in the blockchain industry.

TRON will have its TPOS dual-layer consensus mechanism in the third quarter of the year, while the privacy feature zkSNARKs will be deployed on the TRON blockchain network in the fourth quarter.

According to the CEO, other TRON upgrades that will be rolled out in the fourth quarter includes TICP cross-chain protocol and financial institution & enterprise blockchain solution. 2021 will feature upgrades like cross-chain and advancement of the TICP protocol.

Tags: Justin SunTRONTron News
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Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

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