TRON CEO Says He Will ‘Rescue’ ETH and EOS Developers From Alleged ‘Collapse’ of Their Platforms


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                Decentralized internet protocol TRON CEO Justin Sun has said the company will build a fund to “rescue� ETH and EOS developers from the so-called “collapse� of their platforms.
                <p dir="ltr">Decentralized internet protocol <a href="https://cointelegraph.com/tags/tron" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/tron/amp">TRON</a> CEO Justin Sun has said the company will build a fund to &ldquo;rescue&rdquo; Ethereum (<a href="https://twitter.com/hashtag/ETH?src=hash" rel="nofollow,noopener" target="_blank">ETH</a>) and <a href="https://twitter.com/hashtag/EOS?src=hash" rel="nofollow,noopener" target="_blank">EOS</a> developers from &ldquo;the collapse&rdquo; of their platforms, in a <a href="https://twitter.com/justinsuntron/status/1070939347241889794" rel="nofollow,noopener" target="_blank">tweet</a>, Dec. 6.</p><p dir="ltr">Sun made his offer with the precondition that the developers &ldquo;migrate&rdquo; their decentralized applications (<a href="https://cointelegraph.com/tags/dapps" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/dapps/amp">dApps</a>) to the Tron Foundation network. In the heat of the blistering crypto market <a href="https://cointelegraph.com/news/market-mayhem-bitcoin-sinks-below-34k-ethereum-plummets-to-double-digits" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/market-mayhem-bitcoin-sinks-below-34k-ethereum-plummets-to-double-digits/amp">crash</a>, one aggrieved commentator immediately <a href="https://twitter.com/AltOne_Crypto/status/1070954380411588608" rel="nofollow,noopener" target="_blank">quipped</a>, &ldquo;So&hellip; we jump from sinking ship to another sinking ship? &nbsp;Sh**, I&rsquo;m in. When jump, sir?&rdquo;</p><p dir="ltr">EOS New York, purportedly the twitter account for one of the EOS network block producers, <a href="https://twitter.com/eosnewyork/status/1071004133543559168" rel="nofollow,noopener" target="_blank">responded</a> directly:</p><blockquote><p dir="ltr">&ldquo;We think we will be just fine given the billion dollars in VC funding for <a href="https://twitter.com/hashtag/EOS?src=hash" rel="nofollow,noopener" target="_blank">#EOS</a> and <a href="https://twitter.com/hashtag/EOSIO?src=hash" rel="nofollow,noopener" target="_blank">#EOSIO</a> projects that is locked and loaded around the world at Galaxy, SVK Crypto, Tomorrow, etc. Appreciate the offer, though. Best of luck, Justin.&rdquo;</p></blockquote><p dir="ltr">Other responses spanned the gamut of <a href="https://twitter.com/boffixpics/status/1070945333935595520" rel="nofollow,noopener" target="_blank">affirmation</a>, ridicule, or tempered calls for <a href="https://twitter.com/CryptoSniper10/status/1071006578260639745" rel="nofollow,noopener" target="_blank">unity</a> in the industry. One user &mdash; referring to the divisions over the recent Bitcoin Cash (BCH) hard fork &mdash; apprehensively <a href="https://twitter.com/Nico_bxl2/status/1070942784830562304" rel="nofollow,noopener" target="_blank">said</a>, it &ldquo;looks like after the <a href="https://twitter.com/hashtag/hashwar?src=hash" rel="nofollow,noopener" target="_blank">#hashwar</a> we now have a <a href="https://twitter.com/hashtag/dapp?src=hash" rel="nofollow,noopener" target="_blank">#dapp</a> war.&rdquo;</p><p dir="ltr">This is not the first time Justin Sun has weighed in on his competitors in the industry on social media; in early October, the CEO claimed the Tron network&rsquo;s latest version, Odyssey 3.1, could beat <a href="https://cointelegraph.com/tags/ethereum" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/ethereum/amp">Ethereum</a> on speed and <a href="https://cointelegraph.com/tags/eos" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/eos/amp">EOS</a> on cost. Sun&rsquo;s claims at the time prompted a surge of eight percent in the TRX token&rsquo;s value.</p><p dir="ltr">In recent weeks, TRX &mdash; as ETH and EOS &mdash; has shed significant value amid volatile markets; the token, ranked 10th largest crypto on CoinMarketCap, is down 4.5 percent on the day, and 44 percent on the month, to trade at $0.013 at press time.</p><p dir="ltr"><a href="https://cointelegraph.com/ethereum-price-index">ETH</a>, ranked 3rd, is meanwhile down 14.5 percent on the day and 59 percent on its monthly chart, currently trading at $85. <a href="https://cointelegraph.com/eos-price-index">EOS</a>, trading at $1.71 at press time, is down 21.2 percent on the day, 69 percent on the month.</p><p dir="ltr">In mid-November, TRON <a href="https://cointelegraph.com/news/tron-launches-accelerator-program-for-dapp-developers" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/tron-launches-accelerator-program-for-dapp-developers/amp">launched</a> a $1 million accelerator program to support developers building DApps and products on the TRON protocol.</p><p dir="ltr">In early November, decentralized liquidity network <a href="https://cointelegraph.com/tags/bancor" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/bancor/amp">Bancor</a> <a href="https://cointelegraph.com/news/bancor-begins-cross-blockchain-token-trading-between-ethereum-and-eos" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/bancor-begins-cross-blockchain-token-trading-between-ethereum-and-eos/amp">announced</a> it had added support for EOS within its dApp for cross-blockchain token swaps. The dApp, BancorX, allows users to convert between the ETH- and EOS- based tokens without exchanges, in a bid to bridge infrastructures and bring greater interoperability to the industry.





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