Tron To Partner With Firm Valued At ‘Tens of Billions’ Of Dollars

Updated On Oct 12, 2018 by Cameron Bishop

Justin Sun, founder of blockchain network TRON and CEO of Tron Foundation, has cued about an upcoming partnership with a firm worth “tens of billions of dollars.” Twitter followers immediately started speculating.

When one twiteratti guessed the firm to be Alibaba, another countered by saying “Alibaba is worth more than 500 billion. Not tens of billions.” Notably, Justin Sun is a graduate of Hupan University, which is owned by Alibaba founder Jack Ma.

Other guesses include partnership with Baidu, Disney and Clover. So far, Tron has not confirmed the name of the firm with which it is entering into partnership.

For the second time this month, Sun has issued a critical message which can cause major appreciation in Tron. On October 8, Sun intimated that the Tron’s network would surpass Ethereum (ETH) on transaction speed and EOS on transaction charges, triggering an 8% run up in the asset’s value.

Back in September, TRON provided further details regarding the integration with torrent client BitTorrent, which it had bought earlier this July for $140 million. The latest news indicates that a product named “Project Atlas” will incorporate TRX within the platform’s client base to build a hybrid content sharing ecosystem that leverages cryptocurrency.

While writing this article, TRON’s TRX crypto, ranked 11th largest by market cap, was trading at around $0.0231 per token, up ~3% for the day.

Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.

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