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Tron Sets to Acquire blockchain content platform Steemit, Report Claims

by Khalid Lawal
December 10, 2019
in Business, Cryptocurrency
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Justin Sun Slams Nouriel Robini, Says Blockchain Will Revolutionize Production Chain
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Founder Justin Sun is set to add to the collections of projects he has at hand, as a report claims the CEO is set to purchase content distribution platform Steemit.

Tron is about to expand by bringing in blockchain content platform Steemit into its family, a Chinese new platform has said.

Chinese news platform Mars Finance claimed it was informed by a familiar source that Tron is about to add Steemit to its stream of networks in the blockchain industry. Previously in early December, Justin Sun hinted on an acquisition to strengthen the potency of Tron and BitTorrent ecosystem.

The proclamation was followed by a partnership with KuCoin-incubated POOL-X PoS Mining pool which will allow Tron to work on the network of the acclaimed next-generation PoS mining Pool network. Yet there was no clear indication that the partnership is the acquisition deal Sun was talking about.

While the ripple of Justin Sun’s promise is yet to cool off, the rumor of Steemit may quench the yen of his teeming followers.

Mars Finance new agency stated that 5 days ago, via Weibo, the founder of Tron, Sun Yuchen (Justin Sun) aired that Tron has just completed two mergers and acquisition.

Steemit is a blockchain-oriented content distribution platform that allows users to upload content and store it on chain to prevent alteration. Steemit allows users to get revenue for their contents, creating a decentralized space for content writers. This is in line with the aim of Tron to decentralize the internet.

Launched in July 4, 2016, Steemit, if acquired will be a great match for the Tron ecosystem as Tron strives to give internet users the freedom they deserve.

Do not forget that TRON and Steemit are partners already. This was confirmed at the 2018 niTRON summit in San Francisco where TRON Foundation listed Steemit, Oracle and many others as a partner.

Previously, Justin Sun reached an agreement with Poloniex team to invest in the exchange. The acquisition, as reported by NewsLogical was followed by the purchase of Tron largest DEX TRX Market.

Meanwhile, Nadav Dakner, CEO of InboundJunction & Marketacross, a PR and media group representing TRON and other top crypto projects such as Binance, Huobi,, Qtum, eToro and many others, told NewsLogical that the news is fake and TRON is not acquiring Steemit. He said the said report is misleading and false.

Tags: SteemitTRONTron (TRX)Tron NewsTron TRX NEws
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NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

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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.

Contact financial experts for guidance before making any cryptocurrency investment decision.

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