0
📰 News
1832 views

Tron CEO Justin Sun Promises Massive UBI Giveaway in 2020 and Invitation to Buffett Lunch to One Tron Fan

  • Yuri Molchan
    📰 News

    Justin Sun responds to the UBI initiative of US presidential candidate Andrew Yang, promising to give away $100,000 and one invitation to his lunch with Warren Buffett

Tron CEO Justin Sun Promises Massive UBI Giveaway in 2020 and Invitation to Buffett Lunch to One Tron Fan
Cover image via www.instagram.com
Contents

It was recently reported that the US presidential candidate Andrew Yang, who promised to introduce UBI (universal basic income) in the amount of $1,000 per month to every US citizen, intends to give away $1,000 to ten people per month in 2020.

Tron CEO Justin Sun has chosen this initiative to tell more people about Tron and promises to give away $1,000 to 100 people next year on a monthly basis. In addition, he will pick one person to attend the much-hyped Warren Buffett lunch with him.

Justin Sun plans beat Andrew Yang’s UBI offer

As reported by The New York Times, the official presidential candidate, the entrepreneur Andrew Yang, has promised to experiment with UBI in 2020 and provide ten US citizens with $1,000 monthly during one year.

Later on, if he wins the election, Yang promises to introduce UBI in the amount of $1,000 per month to each American.

While the topic is hot, Justin Sun who is known for curious PR moves for Tron has tweeted that he would pay $1,000 to a hundred people next year, also each month.

He has also asked Yang to help him choose one person for his long-expected lunch with the world’s legendary investor Warren Buffett. The lunch is currently being rescheduled as was confirmed by a Tron rep to U.Today previously.

However, The New York Times reports that the payouts promised by Yang would be made from his campaign donations. Now questions arise if such payouts would not be against the federal election law.

👉MUST READ

Ripple’s XRP Celebrates Major Milestone Despite Pervasive FUD

Ripple’s XRP Celebrates Major Milestone Despite Pervasive FUD

The biggest Sun’s giveaway promise so far

Token giveaways are often conducted in the crypto industry for keeping the community loyal and Justin Sun has been practicing them for a long while, every now and then when there is an official reason.

The most recent one was the 10,000-TRX giveaway he initiated to celebrate a 1-year anniversary of launching the Tron Virtual Machine. Ten winners were picked to be given 1,000 TRX each. However, in fiat USD 1,000 Tronix is not that much at all.

With the current price of 1 TRX being $0.0153, 1,000 TRX totals $15.3.

TRX price 09/14/19
Image by coinstats

This time, however, Justin Sun promises to give away $100,000 per month, which $1,200,000 for one year.

Subscribe to News.U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

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.

👓 Recommended articles
0
📰 News
188 views

Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
    📰 News

    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

Subscribe to News.U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings