Justin Sun announced that he is ready to invest up to $1 million in the development of meme-coins, but with the condition that these projects utilize the capabilities of the Tron blockchain.
Furthermore, the founder of BitTorrent and Tron has suggested that the priority should be given to the listing of these altcoins on Huobi and Poloniex.
It's evident that Justin Sun's generous offer isn't just a kind-hearted gesture. This initiative is part of marketing efforts to expand the use of the Tron network. As a seasoned manager, Justin understands that it's crucial to attract as many appealing investment projects to the blockchain as possible. The financial support aims to reimburse meme coin developers for gas fee expenses.
Mr. Sun's statement, posted on Twitter, was as follows:
Attention meme coin developers! Join #TRON and #BitTorrent with your meme coins, and benefit from our funding support of up to $1 million to reimburse your trading gas fees. Furthermore, top exchanges like HuobiGlobal and Poloniex will prioritize the listing of your meme coins.
It is presumed that his post on Twitter is directed towards teams behind lesser-known altcoins like Banano and ELON, which could benefit from the support of experienced blockchain players.
There are whispers that Justin Sun may actually be the rightful owner of Huobi, though he steadfastly denies this allegation, contending that his involvement is restricted to serving in an advisory capacity. Nevertheless, as a mere advisory board member, how can he assure us that Tron and BitTorrent will indeed promote the development and progression of meme coins in conjunction with Huobi?
Moreover, Justin has pledged that TronDAO will create a Memeverse fund, which will allocate 20 million TRX to reward the most popular meme token projects within the Tron ecosystem.
It seems that the meme coin madness has captivated even the most level-headed and strategic crypto leaders, and they too, like everyday traders, are vulnerable to the sway of FOMO.
