• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Industry News

Did Tron Foundation receive coronavirus aid from US?

Manasee Joshi by Manasee Joshi
May 07, 2020 at 07:11 am
in Industry News
3 min read
Did Tron Foundation receive coronavirus aid from US?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

According to a post that’s gone viral on Chinese social media Justin Sun’s Tron Foundation has supposedly received the pandemic relief grant of over $2 million from the US and has managed to pique several Twitter users.

For anyone who has been up to the speed on Justin Sun founded Tron foundation, which also maintains the Tron blockchain, this news will be nothing short of a shocker for the year 2020 has been all about unexpected launches, alliances and strategic takeovers for this much-talked-about firm.

How did Tron foundation qualify for COVID-19 relief aid?

The coronavirus relief aid offered by the US government was intended for startups and struggling businesses who are finding it increasingly difficult to sustain the COVID-19 catastrophe. Naturally, the post, which is now translated in English by Matthew Graham from Sino Global Capital, caught many Twitter users off guard and left them furious. 

RelatedPosts

Amazon pressured to begin accepting Dogecoin payment

Libra resurfaces as Facebook Diem prepares for launch 2021

Dogecoin price surge to $50 billion, now worth more than Barclays

What is the Grand Challenge Forward Protocol solves?

According to the post, Justin Sun-led foundation’s attempt to bag the coronavirus relief grant was successful as the US government validated its eligibility to receive it. At the same time, it also acknowledges the fact that Tron is recognized overseas.

The decentralized media emperor has already got an online streaming platform DLive and P2P file-sharing software BitTorrent under his belt. He also recently acquired a blockchain-based social media network, Steemit. 

How Twitter got angry

Thus, the news was met with outrage as many followers demanded that Tron Foundation pay the money back to the government as it was only meant for struggling businesses who, without the federal government’s assistance, would not have survived this massive setback. 

Some even questioned the grounds on which Tron became eligible for an emergency relief worth two million dollars. 

Another Twitter user attempted to highlight the injustice in the allocation of the COVID-19 business relief money by posting about an unnamed Ethereum startup, formed by one of the Ethereum co-founders, that was unable to get the aid. 

Immediately after the post went viral, the Tron Foundation was asked to confirm if it did actually receive the grant money. However, the firm’s ambiguous comment about prioritizing meeting the regulatory obligations and being unable to comment on the post leaves more questions than answers.

Featured Image by Flickr

Tags: Coronavirus bailoutjustin sun
Manasee Joshi

Manasee Joshi

An avid reader and an enthusiastic writer, Manasee recently chose to dedicate her time doing freelance writing. A degree in English literature and experiences in Administration, HR, finance, literature, creativity and innovation tucked under her belt, she crafts engaging and compelling content for crypto and blockchain audience.

Related Posts

Amazon
Industry News

Amazon pressured to begin accepting Dogecoin payment

Apr 20, 2021 08:12 pm
Facebook Diem
Industry News

Libra resurfaces as Facebook Diem prepares for launch 2021

Apr 20, 2021 04:30 pm
Dogecoin
Industry News

Dogecoin price surge to $50 billion, now worth more than Barclays

Apr 19, 2021 08:10 pm
forward protocol
Industry News

What is the Grand Challenge Forward Protocol solves?

Apr 19, 2021 05:44 pm
NFT
Industry News

An Introduction to NFTs

Apr 19, 2021 04:09 pm
UK is launching a taskforce to explore CBDC
Industry News

CBDC: UK is set to explore a digital pound

Apr 19, 2021 03:56 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • DOGE Price Prediction

    DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

    1371 shares
    Share 548 Tweet 343
  • Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1347 shares
    Share 539 Tweet 337
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    1319 shares
    Share 528 Tweet 330
  • XRP Price Prediction 2021, 2023, 2025, 2030

    1302 shares
    Share 521 Tweet 326
  • Dent Token Prediction for 2021 – 2025

    1257 shares
    Share 502 Tweet 314

Latest News

Amazon

Amazon pressured to begin accepting Dogecoin payment

April 20, 2021
Facebook Diem

Libra resurfaces as Facebook Diem prepares for launch 2021

April 20, 2021
Former OCC chief, Brian Brooks is joining Binance.US as CEO

Former OCC chief, Brian Brooks is joining Binance.US as CEO

April 20, 2021
Venmo now allows buying and selling of digital currencies

Venmo now allows buying and selling of digital currencies

April 20, 2021
XRP Investors

XRP investors file lawsuit against SEC

April 20, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.