By Leah Hutton (Luxembourg)
Binance appeared to be dominant in the Tron ecosystem because Binance has attained the maximum votes and won the title of ‘Tron Super Representative’.
The TRONSCAN has unveiled the data of its top representatives on the blockchain. Since the day of launching, the address owned by Binance has acquired almost 60% of all the votes.
But the votes the largest exchange received are not from other masses but the platform itself. The same address controlled the whole percentage and that is a cold storage address of Binance. The address shown below in the image is the targeted one.
It means that the exchange is using the stockpile of TRX froze on the platform and also the TRX holding of its customers. The questions are raised about the impartiality of the platform.
Justin Sun, CEO of Tron, released the future initiatives for the distribution of the block rewards on Sep.27 in a tweet. The block rewards will be increased for the SRs approved after the voting of community members.
More fair, more decentralized, more staking, increased lock-up.
– DPoS
DPoS+PoS
– 16 $TRX per block per SR
– Top 127 #TRON Partners (by vote) split remaining 160 #TRX per blockUpdates awaiting approval by two-thirds of #TRONSRs! pic.twitter.com/ZdAJtfUSQr
— H.E. Justin Sun
(@justinsuntron) September 27, 2019
But it is not the plan of Justin Sun that one address will get the maximum rewards in an unfair manner and that is led by Binance. On Sep.27, Binance also announced the schedule of its staking program.
Staking service @Binance. You literally don't have to do anything. Your funds on Binance automatically participate. You can still trade as you normally would.
Keeping it simple!https://t.co/CR0Fqpde6d
— CZ
BNB (@cz_binance) September 27, 2019
Tron Community is very furious
It seems that exchange has tightened the grip over the Tron ecosystem that is said on the basis of voting data. The other SR community of Tron is very furious at this movement that interrupted the decentralized mechanism of the blockchain. It is because the rewards of other Super Representatives are reduced to half.
Also read:Some crypto experts stated that Justin Sun is not aware of this activity about what is happening blockchain. The CEO of Tron Justin Sun and the founder of Binance Chengpeng Zhoa had very good relations in the past and helped each other on many occasions.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.