Justin Solar claims TRON is decentralized.
Its web site proclaims that it’s going to “decentralize the web,” its whitepaper claims that it’s an “advanced decentralized blockchain platform,” and its FAQ web page provides that “TRON is a decentralized blockchain platform.”
Nonetheless, one particular person owns the vast majority of the TRX token, basically destroying any claims of decentralization.
Justin Solar owns extra TRX than everybody else mixed, report
Even though Solar owns a lot of the TRX that exists, there are nonetheless fairly a number of crypto companies that declare that it’s decentralized or report different false claims.
Binance, for instance, makes the declare that “TRON is governed through a decentralized autonomous organization (DAO), allowing TRX token holders to participate in governance and network decisions.”
Sadly for Binance and its claims about caring about customers, this isn’t true.
There’s no DAO that governs the TRON community.
The Context 160: 🔎 Trump and Justin Solar’s governance betrayals
Even though Solar owns a lot of the TRX, OKX remains to be prepared to say that “TRON is a significant player in the push for a more inclusive, decentralized digital economy.”
Bitget claims that TRON is “a peer-to-peer decentralized currency.”
Bitget additionally beforehand introduced a “strategic collaboration with the TRON blockchain, including the acquisition of $10 million of TRX.”
The press launch for this partnership additionally claimed that there exists a TRON DAO that “is a community-governed DAO.”
Since Bitget owns TRX, it financially advantages if TRX will increase in worth, which appears extra doubtless in case you maximize the decentralization and decrease the truth that one dude owns a lot of the token.
KuCoin claims that TRON features “as a decentralized system” and that it “offers a decentralized alternative to centralized platforms.”
Solar-owned HTX describes TRX as “a decentralized blockchain-based operating system.”
Once more, TRON is mendacity about its DAO, and the vast majority of its tokens are owned by one particular person, however every of those above entities remains to be prepared to make the laughable declare that the system is decentralized.
— Bennett Tomlin
