In a recent tweet, Justin Sun, the founder of TRON, promised he would donate $1 million to Greta Thunberg’s cause. However, his tweet was met with skepticism and outright scorn. This may be due to his recent poor record in keeping promises. For instance, at the start of November, he canceled his planned lunch with Warren Buffet. While he said that it was due to security concerns, many believe it was because of legal problems with the Chinese government.

Many Do Not Believe Him

Some of those who responded to the tweet noted that he had just made a pledge to donate to environmental activist and it was not a solid commitment. In his tweet, Justin Sun also noted that crypto would contribute a great deal to reducing the carbon footprint of the world via decentralized settlement. Others were also not impressed by the mixing of politics and cryptocurrency, which Sun appears to be aiming at.

This mistrust may stem from an earlier promotion he held where he promised to give away a Tesla. However, that did not pan out as he had hoped. Sun soon rescinded his Tesla offer after it was discovered that the results for the promotion were rigged. The person who had won the Tesla was not happy about it and he went on a rant on Twitter. Later on, Tesla pledged to give away two Teslas. Two months later, he resolved the issue and the person promised the Tesla was paid in TRX. However, most in the crypto community noted that Justin Sun might only have made the decision after a massive backlash from the crypto community.

Sun has made various outrageous claims that have turned out to be false as well. For instance, he once implied that he was working with Liverpool FC. However, the UK soccer club said they were in no shape or form working with Justin Sun on anything. Justin Sun was also accused of not living up to his end of the deal in the BitTorrent acquisition via a tweet. At the time, the BitTorrent CEO said that Sun had failed to release a scheduled payment.

Hard to Trust Sun

All these incidents in the past have made it quite hard to believe Justin Sun. While he is still a major personality in the crypto sector, his credibility appears to be dwindling. The crypto community is still quite small and word tends to get around quite fast, thanks to social media. Unless the TRON CEO stops making unconfirmed claims, his credibility will continue to be in doubt by the crypto community.

In this era of crypto scams, which have cost investors billions of dollars, it is important for those operating in the sector to maintain the highest standards of integrity. This will help to avoid scaring off newbies who are testing the waters in the crypto sector. It will be interesting to see if Sun keeps his word and donates the money to Greta Thunberg.

Image Source: Flickr 

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

You May Also Like

Someone Donated $1000 Worth of Crypto To Billionaire Bill Pulte

Billionaire Bill Pulte is not short of cash. However, that did not…
Rare Black Diamond Bought Using Crypto

Rare Black Diamond Bought Using Crypto

A rare black diamond, believed to be billions of years old, has…

Walmarts Crypto Patent: Further Supports Growing Enterprise Blockchain Plans

Photo Credit To Stephanie Clark Via Flickr On August 2nd, news broke…

SIMBA Pay Launches Using The Stellar Network

On August 11, 2020, SIMBA Pay announced that it had launched its payment app…
Bitcoin IRA Launches A New Crypto IRA Knowledge Center

Bitcoin IRA Launches A New Crypto IRA Knowledge Center

Bitcoin IRA, The largest crypto IRA firm, has released a new Knowledge…

Ant Financial Bets Big on China’s Coming Blockchain Boom, Already Servicing $30 Billion In Sales

Ant Financial, one of the biggest tech firms in China, recently announced…
signature bank and fireblocks

Signature Bank Launches Its Digital Payments Platform, Signet™ On The Fireblocks Network

First Bank To Enable Commercial Clients’ Access to Signet’s Digital Payments Technology…

Alipay Officially Bans Bitcoin and Crypto Transactions

The Chinese giant Alipay has officially announced the ban on Bitcoin and…

PwC Launches Tool for Performing Crypto Transaction Audits For Data

Ten years ago when Bitcoin was introduced, perhaps not everyone knew the…

Japanese Crypto Exchange bitFlyer Adding Support for XRP Cryptocurrency

Despite plummeting trading value, XRP cryptocurrency recently received support from Japanese crypto…