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Home Altcoins

TRON’s Justin Sun Supports Poloniex’s Decision on Digibyte

by Olayode Yusuff
December 6, 2019
in Altcoins, Business, Cryptocurrency
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The founder of TRON and CEO of BitTorrent, Justin Sun, has said he’s in support of Poloniex’ decision, despite the team making their decision independently.

Justin, in a tweet, purposely to address Poloniex’ decision to delist Digibyte after the founder of the digital currency, Jared Tate, lambasted the CEO of TRON, said the Poloniex team made their decision without the influence of anybody but said he’s not indifferent from the exchange’s decision.

He said: “Poloniex’s decisions are made by the team independently. As a humble investor of #Poloniex, I respect and support their decision. As a HODLR of $BNB, $HT, $OKB and other platform tokens, I always support and partner with all mainstream exchanges. Always BUIDL!”

Jared Tate had disparaged TRON before Poloniex decided to delist Digibyte, calling him a “crook”. During the condemnation.

Poloniex, where Justin Sun has investment, responded to the attack, claiming in a tweet that it reviewed DigiByte and decided to remove the cryptocurrency from its exchange due to the fact that it does not meet its listing standard.

The decision, by every indication, was largely precipitated by Jared’s statement about TRON. He said TRON was “100 percent premined and completely centralized network”.

Jared relied on some inferences by the CEO of Chrous One, Brian Fabin Crain, that claims Binance controls 56% of the voting power on TRON blockchain.

“@binance controls 56% of the voting power on @tronfoundation. If they split their votes across 25 nodes, they’d have 499k per node and would control 25 out of 27 validating nodes. Decentralization theater. Centralized exchanges are an existential threat for crypto.”

Jared, adding to the claim, said TRON appeared to be “the most blatant con job we saw after diving into hundreds of projects and blockchain protocols”.

Jared then began an eight-part thread about TRON, showing how disgusted he was when proponents of TRX attacked him. He said Poloniex, has now turned to a TRX shill factory.

DigiByte’s Jared Tate had lambasted Binance America at some point in time, raising concern on Binance’s infiltration of US cryptocurrency market.

What a joke: @binance controls 56% of the voting power on @tronfoundation. If they split their votes across 25 nodes, they'd have 499k per node and would control 25 out of 27 validating nodes. Decentralization theater. Centralized exchanges are an existential threat for crypto. pic.twitter.com/Ln7yfL8hP9

— Brian Fabian Crain (@crainbf) December 4, 2019

At that time, he claimed Binance America was a “Chinese communist fraud”. Jared said he had a video call with the Binance team, alleging that they demanded $300,000 and 3% of all DGB before listing the digital currency.

Did a video call with the ”Binance” team a few weeks ago. They wanted $300,000 and 3% of all DGB for ”insurance for their customers against blockchain hacks & defects” to list $DGB. Told them that is not possible with a truly decentralized #blockchain like #DigiByte.

— Jared Tate (@jaredctate) September 20, 2019

Tags: DigibyteJustin SunPoloniexTRON
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