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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
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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.

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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.

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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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