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Justin Sun Launches 50,000-TRX Giveaway Campaign in Tron Telegram Group

  • Yuri Molchan
    📰 News

    Tron expands its Telegram community group and is conducting a TRX giveaway totaling 50,000 TRX, following Justin Sun’s promise to give away $1,200,000 as UBI in 2020

Justin Sun Launches 50,000-TRX Giveaway Campaign in Tron Telegram Group
Cover image via www.instagram.com
Contents

Giveaways in the crypto industry are a popular method of attracting new users and investors. Tron has been using it quite frequently as of late.

Now, they are talking about prizes totaling 50,000 TRX for the company’s Telegram group.

Tron is giving away TRX for joining its Telegram group

Justin Sun spreads the word that Tron plans to part with 50,000 Tronix (TRX) and give those away as prizes to new members of the Tron group in Telegram.

There will be three winning places for participants – 5,000 TRX, 2,500 TRX and 1,250 TRX. Tron fans who do not make it into these will share the remaining 32,500 TRX.

The giveaway initiative will last until 20 September with just four days remaining until the end of it and the ‘riches’ getting spread around.

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Tron CEO promises to give away $100,000 per month next year for political reasons

At the weekend, U.Today reported that Justin Sun decided to take an idea about UBI (universal basic income) from the US presidential candidate Andrew Yang. The latter has promised to provide 10 US citizens with $1,000 per month during 2020.

Justin Sun has accepted that ‘challenge’ and said he would pay $1,000 to 100 people on a monthly basis next year, thus promising to part with $1,200,000. He will also pick one person to join him and other leaders of the crypto industry at the much-anticipated lunch with Warren Buffett that is currently being rescheduled.

Prior to that, Justin Sun announced a 10,000 TRX giveaway to celebrate the launch of the Tron Virtual Machine (TVM) that took place in August last year.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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