The latest report from Flipside Crypto takes an in-depth look at Tron (TRX) in the hope of answering a question that many critics in the cryptomoney space have raised: „Is Tron a scam?
A Dubious Past
Tron’s Price Sinking and Justin Sun Denies Money Laundering Accusations
The report begins by repeating the story of Tron’s compromised origins, from the allegedly plagiarized white paper to the promise of the $20 million gift that was never fulfilled. However, the report reaches an unexpected conclusion:
„It turns out that looking at the active supply of TRX in the last 30 days reveals a very healthy and active ecosystem.“
TRX 30-day asset flows
TRX asset flows in 30 days. Source: Flipside Crypto.
Ethereum’s Vitalik Buterin on a „zombie“ BitTorrent under Justin Sun’s „dictatorship
A healthy flow
The report notes that users are staking out, both whales and regular users are using decentralized applications, TRX is marketed on decentralized exchanges, and both node operators and voters are rewarded. Finally, perhaps the most important conclusion is that the supply of TRX is not concentrated among a few large wallets, but is distributed evenly.
The development activity of Eos, Tron, and Bitcoin Cash shows a drop
Summarizing their findings, the researchers say that Tron is „more real“ than 90% of the blockchain projects they have examined:
„But what if that’s just the intellectual snobbery in space that focuses too much on Twitter trolls, and not enough on TRON’s successful business model? The facts are there to prove that TRON is a real business. Probably even more real than 90% of the block chains we’ve seen.
It is unlikely that the positive conclusion of the report will convince all non-believers, but perhaps this is a case where unanimous consensus is not necessary.