This came about after a twitter user made the estimation of the possible returns of the 1,930,830 TRX gifted to Warren Buffett about 3 weeks ago, stressing that the TRX is now worth $50,780.
He shared this, “When Justin Sun gifted Warren Buffett 1,930,830 TRX on Jan 23 it was worth $31,086, today that TRX is worth $50,780, a gain of over 60% in 3 weeks! Great timing on that gift Justin! Soon it will be worth millions.”
In response to the Tweet, Justin Sun shared this, “Warren Buffett starts to make 60% profits in 3 weeks.”
— Justin Sun (@justinsuntron) February 14, 2020
Tron CEO Justin Sun Acquires Steemit – Ned Scott Former Steemit CEO Confirms
The big announcement as published by Tron Foundation was about a strategic partnership between Steemit, the largest decentralized blockchain-based social media and blogging platform.
However, the former Steemit CEO Ned Scott has confirmed that the deal is more than a strategic partnership, but the acquisition of Steemit by the CEO of Tron Justin Sun while responding to the tweet that made the development public.
Ned Scott shared this, “Steemitans and Twitterers, after four beautiful years, I have sold Steemit to Justin Sun.”
— Ned Scott (@realNedScott) February 14, 2020
Why the Acquisition of Steemit is a Big Deal for Tron Ecosystem
According to the report, the acquisition of Steemit is targeted at providing a dynamic value proposition to its users, investors, and community members.
Steemit is a platform built on Steem blockchain. It’s also one of the largest Dapps across all the blockchain with users up to 1 million and still growing.
Additionally, Steem blockchain houses real-world use cases such as Youtube alternative D.Tube, Instagram alternative APPICS, and fitness Dapp Actifit.
Obviously, Steemit will be joining Tron blockchain with all its use cases, which is a big deal for the Tron ecosystem.
This new development will bring Tron foundation and Steemit Inc together to create further value for their users in order to augment their advancements in decentralized technologies.