Future of USDT after Justin Sun Resigning from TRON

peter0425

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

So this is the reason why Tron drops more these days?

I hate myself from not knowing this lol as i am holding good amount of Tron in my wallet for long time now , though i care noithing then because all of those coins are being bought in much cheaper prices and willing to keep the coins for many years.

So hope that this change of management will make good effect in the near future .

bitkanu

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Quote from: levyashin on January 20, 2022, 01:56:46 PM

I always think future of usdt is shaky cause of bitfinex doing shady things and not being transperent at all.

I know that you may feel contradicted with bitfinex as we know that bitfinex was always printing more and more stable coin but remember that so many people need it right now. So many times people talked about this but USDT is still exist in the market and more people are using USDT right now.
I should remind you that bitfinex has no correlation with tron foundation.

Quote from: levyashin on January 20, 2022, 01:56:46 PM

Yet, justin sun resigning from tron doesn't make any difference.

It makes a bit different as coz we know how hard justin was shilling his foundation.

soureden

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

As far as we can follow, USDT does not seem to be affected much by this event. It is increasing its demand in the market day by day.

levyashin

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I always think future of usdt is shaky cause of bitfinex doing shady things and not being transperent at all.

Yet, justin sun resigning from tron doesn't make any difference.

el kaka22

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It has been a case of USDT used on trc20 only for transactions and not for holding, people do not hold too much usdt on trc20 if you ask me, it is only between transfers. Like if I am sending money from my binance account to my friends binance account then I can use that network, but aside from that I do not think that people use tron network all too much. This was valid before Justin left, and it is after he left as well.

Tron was never a good project and it never really took up because nobody really wanted to build a project for it. Hopefully people get smarter about which network they pick but USDT needs some correction as well. They sold too much USDT to the public for now, one bad situation and they will be in big big big trouble and many people along with them.

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Quote from: khiholangkang on January 20, 2022, 09:15:50 AM

USDT is not only on the tron network, but on all blockchain networks. So of course USDT will still do well in the market.
And regarding TRX I see the price is getting lower after being left by Justin

It's not because he left why the price is going down. It's the normal thing for its part of the market when bitcoin goes down, everything is also going down.
The same goes for the TRX and with such news, it adds to the effect of it but even if Justin stays, I think that the price of trx will eventually go down because of the market condition.

khiholangkang

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Quote from: camat gampong on January 20, 2022, 08:06:14 AM

Currently TRX and USDT are both still holding on in the market with very good volumes and it is clear that there has not been a bad impact and if this year can have a better performance, then we can be sure TRX will also rise to find new ATH in the year this.

USDT is not only on the tron network, but on all blockchain networks. So of course USDT will still do well in the market.
And regarding TRX I see the price is getting lower after being left by Justin

camat gampong

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Quote from: lalabotax on January 17, 2022, 06:55:48 PM

I'm surprised to know this. Of course, this news may have an impact on TRX or USDT price. But I don't think it will last a long time. Justin Sun isn't the only one in Tron Foundation, there will be another one to replace him. Except Tron Foundation is bankrupt, we don't need to worry about the future of TRX or USDT. Anyway, I don't see a significant impact on TRX price although we have this issue.

Currently TRX and USDT are both still holding on in the market with very good volumes and it is clear that there has not been a bad impact and if this year can have a better performance, then we can be sure TRX will also rise to find new ATH in the year this.

Oneandpure

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Although Justin Sun have resigning and quit from TRON project still not any impact because have the same mission and developer mind with TRON mission for the future, very hard how to make investor keep believing with TRON coin depend not stable and reach all time higher price. Maybe just spent investor only keep hold TRON coin after their project BTT coin have trouble with new upgrade and close trading on many exchange market, many investor and holder worry will BTT coin can reach higher price after new upgrade or still dump.

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Many people had skipped the btc in 2013-2015.Now they feel about that lose of chance. But now, same trx had such a potential like a bitcoin.So it's best time to inverse in trx for the long running profit or for the future assets. They is no doubt, the investment was spilted amomg the trx and usdt.If you want to hold for the short period. You should use of the usdt.You can easily get some cents as just holding the usdt.

Ararbermas

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We have no choice if what will gonna happen to trx network (usdt) wherein we need to accept the fact since there's already a rumours, at least we are aware because of that news. Infact there's are still some options when it comes stable coins and different network, so let's be prepared instead to prevent losses however it will really gonna happen soon.

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Quote from: Kodok Bencot on December 26, 2021, 03:04:01 AM

Quote from: Pejoh Asu on December 26, 2021, 01:14:50 AM

I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

Exactly, TRON and USDT are big projects that of course will never depend on 1 or 2 people, and I'm sure even if Justin Sun left TRON there is already a team that can perform functions like Justin Sun.

True. Exit of Justin sun won't make much difference as it is already well established organization and its coins are listed on majority of Exchanges , though it may have some temporary negative effect on Tron price but Traders will continue using Tron and USDT for transferring funds as the transaction fee is the lowest on this network.

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

It feels great to hear those amazing stories about TRON, no matter what happens I go for positive impact despite of lots of controversies over time, not just trx but also for other promising assets. USDT's future just depends on different pairing but trx network I guess it remains stronger in time as the fluctuations hasn't going down so bad. It continue to develop as time gets older.

lalabotax

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I'm surprised to know this. Of course, this news may have an impact on TRX or USDT price. But I don't think it will last a long time. Justin Sun isn't the only one in Tron Foundation, there will be another one to replace him. Except Tron Foundation is bankrupt, we don't need to worry about the future of TRX or USDT. Anyway, I don't see a significant impact on TRX price although we have this issue.

YinShuiSiYuan

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

As for what will happen to USDT, I think his resignation doesn't matter too much.
The situation is definitely worse with the TRON project. I think that we can expect significant price drops in the near future. If someone likes speculation, TRON will be a great long-term investment for sure in a few days or weeks, because I think that its price may temporarily drop by several percent.

Teraboy

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Quote from: ymckartal on January 11, 2022, 03:43:42 PM

Tron and USDT are optional investment vehicles.

Hell yeah but USDT was not an optional for investment purpose. USDT is a way for people in crypto to keep their value to be stable and it will be affected by the volatility in the market. USDT has nothing to do with the resign of justin. USDT is using tron caused by it's cheap and to be optional blockchain for ethereum when there's no a lot of alternative blockchain to be used as a way to avoid the big fees on ethereum. It doesn't make sense to create a correlation between resigning of justin will be affecting the future of USDT. If this is about tether and that will actually affecting the future of USDT.
Tether can decide whether it will be using tron forever or not. The key should be on tether and not justin. Low transaction fees is main reason for tether to pick tron blockchain.

ymckartal

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Tron and USDT are optional investment vehicles. Currently usdt is in the 3rd rank as far as I know. The demand will always be positive, as Tron money transfers are processed with the lowest commission.

Nazmul012

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If justin sun resign then of course that will impact on tron but not on usdt! Cause usdt isn’t depending on tron only, let you know there are many alternative ways for usdt transactions. Might be impact on daily volume but the fact is, tron Isn’t suppose to be a good coin! justin sun has talent but tron always disappoints people by its failed movement. So don't set high expectations from it. Now It's all about waiting for new ceo as well as his steps about tron

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Quote from: Pejoh Asu on December 26, 2021, 01:14:50 AM

I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

Right, big projects and companies must have a good and neat management system, for example Microsoft without Bill Gates or Facebook without Mark Zuckerberg will run normally, this is a system and of course the thoughts of Justin Sun are already contained in the TRON system.

hd49728

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Quote from: virasog on December 29, 2021, 10:07:48 AM

This means he will still have his say in the Tron foundation and he will get his profit shares too ?
If this is the case, then nothing is gonna change for tron and i am not gonna change my perception about this project. I consider tron a shit coin which is hyped by justin sun.

It will be like Charlie Lee in Litecoin. They will still involve in Litecoin and TRON projects. It is only they won't involve too much in coins or tokens they hold.

Shit coin or not, TRON already achieves good things. The token is accepted on many exchanges and before the growth of Solana, TRON and TRC-20 is the best alternative for crypto users when Bitcoin and Ethereum had expensive transaction fees.

Before the shill and attempts of CZ to shill Binance Smart Chain, by increasing withdrawal fee on TRC-20 chain, the fee is 0 that is very attractive.

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Quote from: JeffBrad12 on December 28, 2021, 12:02:27 AM

Quote from: Lubang Bawah on December 27, 2021, 09:53:48 AM

Of course the team has calculated the scenario if Justin Sun leaves TRON, I don't think this will have too big an impact and the market won't panic with Justin's exit, I'm optimistic that the team can make the best rotation or change so that TRON and USDT will continue to shine.

If you read the article properly and you will not say that. He just laves from the daily operation and development of tron foundation and this doesn't mean if he was fully leaving from the tron foundation. This will not give a big impact coz this is just a gimmick created by some crypto news sites. This is something that didn't need to be discussed anymore after knowing justin is still involved in the development of tron foundation from outside of the foundation. He will never leave the company that makes him become the new rich person in crypto. I don't even think that will happen but this news was full of gimmick. lol USDT has nothing to do with tron development or tron team. it's only operated in tron blockchain but usdt is the only thing that makes tron is still alive right now. The tron blockchain is a garbage blockchain with non sense fees right now compared with its specification. This is also an expensive blockchain these days after ethereum.

This means he will still have his say in the Tron foundation and he will get his profit shares too ?
If this is the case, then nothing is gonna change for tron and i am not gonna change my perception about this project. I consider tron a shit coin which is hyped by justin sun.

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Quote from: Lubang Bawah on December 27, 2021, 09:53:48 AM

Of course the team has calculated the scenario if Justin Sun leaves TRON, I don't think this will have too big an impact and the market won't panic with Justin's exit, I'm optimistic that the team can make the best rotation or change so that TRON and USDT will continue to shine.

If you read the article properly and you will not say that. He just laves from the daily operation and development of tron foundation and this doesn't mean if he was fully leaving from the tron foundation. This will not give a big impact coz this is just a gimmick created by some crypto news sites. This is something that didn't need to be discussed anymore after knowing justin is still involved in the development of tron foundation from outside of the foundation. He will never leave the company that makes him become the new rich person in crypto. I don't even think that will happen but this news was full of gimmick. lol USDT has nothing to do with tron development or tron team. it's only operated in tron blockchain but usdt is the only thing that makes tron is still alive right now. The tron blockchain is a garbage blockchain with non sense fees right now compared with its specification. This is also an expensive blockchain these days after ethereum.

StarKay

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Justin Sun was never in charge of USDT, I think a lot of people have mistakenly identify USDT with Tron due to the popularity of TRC 20 USDT. So him quitting Tron will have no impact whatsoever on the status of USDT.
Rather you should be concerned with the impact of his departure on Tron itself.

Silberman

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

This is just another confirmation that the days of TRON are numbered, it is very unlikely that it is going back to its former glory so people need to be very wary of investing in the coin, now that being said this is not going to affect USDT at all, this is at worst just a small obstacle on its path and nothing more, USDT does not need the TRON network but the TRON network needs USDT, which means that if someone is depending on it for their USDT transactions now it is the time to rethink this decision.

Lubang Bawah

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Of course the team has calculated the scenario if Justin Sun leaves TRON, I don't think this will have too big an impact and the market won't panic with Justin's exit, I'm optimistic that the team can make the best rotation or change so that TRON and USDT will continue to shine.

Benefactor

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This undertaking didn't give us the best return yet. However he is leaving it clearly make adverse consequence for at some point since its crypto assuming that the new CEO be beneficial staff and make this venture all the more great. I trust that the significance and worth of this coin won't go down later Justin and some skilled individual will assume responsibility and will stand firm on the footing of Tron.

adaseb

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I am pretty sure most people who hold tons of tether do it on either the Bitcoin or Ethereum blockchain. Most don’t keep large amounts on the Tron blockchain. Most likely due to Justin Sun. They want to be safe and feel better paying the higher fees on ETH or slower transactions on BTC network than using tron.

Tron is good for small amounts in my opinion. I agree it’s much cheaper and faster than Bitcoin and Ethereum. However it’s newer and hence why people don’t transact large amounts on Tron blockchain. So I see no issues for tether.

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Quote from: ?? on ??

I don't think it's a problem, TRON and USDT will not be affected by Justin Sun's exit, this is a project of a team of more than 10 people, maybe like 1 person who comes out playing football, there is an impact but it will not be significant.

I think it can even be beneficial for the development of TRX as Justin Sun was quite a special figure and caused quite a lot of controversies in the past. Also if you look at the performance of the TRX price the last couple of years, it has underperformed against the broad market.

Woodie

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Bitcoin is still in the first position of our digital currencies even without its creators or lead developers Satoshi Nakomoto in control which is evidence enough that tron will remain in good hands with the community even with Justin Sun stepping down which is not like his going out with all the control. Am sure his doing this to avoid any conflict of interest and i welcome this move.

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Quote from: Pejoh Asu on December 26, 2021, 01:14:50 AM

I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

Exactly, TRON and USDT are big projects that of course will never depend on 1 or 2 people, and I'm sure even if Justin Sun left TRON there is already a team that can perform functions like Justin Sun.

Pejoh Asu

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I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

bbc.reporter

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@Cangkeman Wae. You are correct. There is an argument that it might also be an advantage for Tether and iFinex if Justin Sun creates more political connections in Grenada and the surrounding jurisdictions. Tether will hyperdollarize them hehehe.

There were also rumors that Justin Sun is a major holder of LEO. This is a utility token issued for iFinex’s ecosystem.

suzanne5223

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Quote from: hd49728 on December 23, 2021, 01:57:33 PM

Quote from: suzanne5223 on December 23, 2021, 01:41:04 PM

Firstly, USDT is not controlled by Tron nor Justin those most USDT user like to make use of the TRC20 since most crypto exchange site supported but other scalable blockchain network like SOL, Avax, EOS etc also supported USDT though some exchange site are yet to support those chain for USDT transaction. However, I believe Tron will be in good hand though I dont clearly understand Justin stance about quitting Tron but I believe he just leave the title of CEO to someone else but hes still part of the Tron project.

Correct but people think Justin Sun controls all like what they believe that if satoshi comes back, satoshi can control all development of Bitcoin. It is not because Bitcoin protocol must reach to consensus for any upgrade. Same for many other blockchains and TRON too.

Reaching a consensus state before any upgrade in the cryptocurrency realm is only valid in decentralized crypto, yes Tron is decentralized and also an open-source crypto project.

Quote from: hd49728 on December 23, 2021, 01:57:33 PM

Years ago, Litecoin founders sold out all of his Litecoin to get rid of his impact on Litecoin price. It is another variant to eliminate impact of founders on price but a bit different than what was done by satoshi.

Charlie Lee, Justin Sun are well known founders, not anonymous like satoshi so they have to do different approaches.

Charlie publicly announce the selling of all his LTC holding is what affect the LTC market till now because we have a lot of investors which dont have much understand about the crypto market. However, if Charlie want to eliminate the impact of himselve in the LTC market he shouldn't have sell all his holding because people believe his an act of rug pull.
He should have sell some portion just like Elon did with his Tesla holding.

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Quote from: smartaction on December 24, 2021, 07:10:43 AM

It is now behaving like ETH gas. that's why people are paying more attention to BSC network now for any altcoin and Stable coin

I do believe the significant increase with the price will be making decreasing the demand for the tron. It's not even expensive than BSC. I thought that as tron's vision to be the most scalable blockchain
but it seems like that it will not happen anymore. BSC has various kinds of stable coins and that will be attracting more demand.

Quote from: Gudhal Untu on December 24, 2021, 12:07:10 PM

Wrong thinking when a big coin like TRON is too dependent on Justin Sun, I think when he came out the work shift was done perfectly so TRON will continue to prosper, I also never doubted the future of TRON even without Justin Sun.

No man but this guy has a very good skill to influence people and he has a big role in the tron foundation. The problem is this blockchain is lack of innovation. High fees has become another problem that appears in the tron blockchain. It touches a few dollars for a single transaction. The future of this blockchain was not so bright like another blockchain.

masterrex

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

IMO, I think Tron will remain what it is, with or without Justin Sun because Tron is already in the market for more than 4 years, second is it has survived the longest bearish market trend in the history of crypto, how much more today that Tron has already large use cases and many projects has been using its TRC20 algorithm and one of it is the USDT Tether a Stablecoin Giant so for me it's not a big deal if Mr. Sun has resigned or not.

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Quote from: Gudhal Untu on December 24, 2021, 12:07:10 PM

Wrong thinking when a big coin like TRON is too dependent on Justin Sun, I think when he came out the work shift was done perfectly so TRON will continue to prosper, I also never doubted the future of TRON even without Justin Sun.

I hope so too, even without justin sun tron remains strong. What I hope is that Justin Sun will move, I hope that it will have a good impact on Coin Tron, not the other way around. sometimes in the crypto world there is always drama to be trending can bring positive or negative things. i will still believe tron will be fine..?

rhomelmabini

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They'll probably rebrand it if there's a new CEO and in hope to make it more robust but I think Tron is likely a senile chain considering with new chain being developed. I wonder what goes to Sun's mind stepping down and works full time and never get paid there's something wrong on it to be perfectly honest. Anyways, we don't know the whole story but hope TRON will keep on striving, if not expect the worst.

USDT as a whole isn't affected in here and I wouldn't think even the USDT tron-based will be affected too. That's out of the context as far as I know.

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Actually, I believe that if there will be a new qualified CEO in Tron and it will continue developing and run more advertisement, Tron will become even better. Justing Sun abandoned Tron not because he doesn't believe in it, but because he wants to develop another sphere and make crypto more widely adopted. In terms of USDT, the main problem is that its process of releasing is not very transparent, so people are doubtful about it.

blockman

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With such resignation or acquisition, there's no need to think of its future. The people that have left managing the project will be the ones managing it. So, if you don't know who's on the back of it, there goes the worry on how they're going to manage it. But about USDT, you don't worry about it. Because the logic seems to be if the other protocol of USDT like the CEO of it resigns, you'll be worried about it again.

southerngentuk

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

What's future?

Don't take the matter too seriously, everything is very clear in mention, Justin's withdrawal I think is not important because Justin's current presence in the Tron team doesn't make much sense either. However, there may be some doubt with the project, personally I am a Tron neutral so everyone looking at it needs to have a more relaxed attitude because the whole market situation is really looking forward to wait for 2022, the FUDs just make us more interested in that project

, more sober.

Wawa2013

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Quote from: Gudhal Untu on December 24, 2021, 12:07:10 PM

Wrong thinking when a big coin like TRON is too dependent on Justin Sun, I think when he came out the work shift was done perfectly so TRON will continue to prosper, I also never doubted the future of TRON even without Justin Sun.

I see that Justin Sun's decision to resign from TRON will not have too big an effect on TRON's future. Since TRON has become as big as it is today,
it must be because of the cooperation of many people, because it's impossible for Justin Sun to be the only one who made TRON a potential project.
Justin Sun definitely has a team that makes TRON a strong project. I'm sure the TRON development team will still be able to make TRON even better,
even without Justin Sun. I also believe that not many investors have left TRON because Justin Sun is no longer at TRON. So I still recommend TRON
as a project that is worth buying and good for investment. Then it's the same with USDT, it won't matter if Justin Sun resigns from TRON.
The conclusion is not to worry about Justin Sun's decision to resign from TRON, it doesn't have a big effect in my opinion.

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This doesnt do anything to TRON I think and more I think cryptocurrencies are suppose to be decentralized not been controlled by anybody So I dont think You should be worried The project moves on whether he is there or not and for USDT I dont think its suppose to have any effect at all NO any connection to it from all the guesses I want to think of but still I dont know how your own thinking is going that way though

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Quote from: Gudhal Untu on December 24, 2021, 12:07:10 PM

Wrong thinking when a big coin like TRON is too dependent on Justin Sun, I think when he came out the work shift was done perfectly so TRON will continue to prosper, I also never doubted the future of TRON even without Justin Sun.

That's not the question here.

The question is about USDT and not TRON, but TRON I think will probably be harder hit with Justin leaving than USDT.

USDT will falter as a matter of time regardless of what platform it is hosted on. I simply don't believe in their fractional reserve model.

Gudhal Untu

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Wrong thinking when a big coin like TRON is too dependent on Justin Sun, I think when he came out the work shift was done perfectly so TRON will continue to prosper, I also never doubted the future of TRON even without Justin Sun.

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I think is reality is that TRON is a strong coin and they play a good role into the cryptocurrency and other thing is that trx are use many people into the transection so according to my experience is that the coin is already confirm going to rise there price.
But the coin was going to the position of usdt its a very strong role of crypto so in this time i seen that is impossible.

smartaction

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Tron USDT was a popular USDT for multi transfer and for any payment transfer but at this time Tron gas fees has increased a lot It's around $2.5 at the moment. It is now behaving like ETH gas. that's why people are paying more attention to BSC network now for any altcoin and Stable coin

magneto

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I think that there will be a hit to TRX.

But in terms of USDT, not necessarily. It's not like Justin had a big role to play in terms of how that operation is run.

USDT can just migrate to another chain if TRX starts to fade, but I wouldn't recommend anyone use USDT in the first place - it is simply too risky.

hd49728

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Quote from: suzanne5223 on December 23, 2021, 01:41:04 PM

Firstly, USDT is not controlled by Tron nor Justin those most USDT user like to make use of the TRC20 since most crypto exchange site supported but other scalable blockchain network like SOL, Avax, EOS etc also supported USDT though some exchange site are yet to support those chain for USDT transaction. However, I believe Tron will be in good hand though I dont clearly understand Justin stance about quitting Tron but I believe he just leave the title of CEO to someone else but hes still part of the Tron project.

Correct but people think Justin Sun controls all like what they believe that if satoshi comes back, satoshi can control all development of Bitcoin. It is not because Bitcoin protocol must reach to consensus for any upgrade. Same for many other blockchains and TRON too.

Years ago, Litecoin founders sold out all of his Litecoin to get rid of his impact on Litecoin price. It is another variant to eliminate impact of founders on price but a bit different than what was done by satoshi.

Charlie Lee, Justin Sun are well known founders, not anonymous like satoshi so they have to do different approaches.

suzanne5223

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Firstly, USDT is not controlled by Tron nor Justin those most USDT user like to make use of the TRC20 since most crypto exchange site supported but other scalable blockchain network like SOL, Avax, EOS etc also supported USDT though some exchange site are yet to support those chain for USDT transaction. However, I believe Tron will be in good hand though I dont clearly understand Justin stance about quitting Tron but I believe he just leave the title of CEO to someone else but hes still part of the Tron project.

super bako

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Many people are curious about Justin's successor. like me too.? From all that I know, Justin did not appear for a long time after he ran away to pay crypto taxes last year. rarely published, i hope with justin's replacement later tron will be even better and bring a significant price increase and many new programs to come like other altcoins..?

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Isn't it good for the tron foundation that Justin Sun have left the company. I think the new CEO of tron will be better for them. Justin Sun was never sincere with the growth of trx and he was more famous for his marketing techniques to pump his coins.
I am happy on hearing this good news.

yhiaali3

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I don't expect Tron or USDT's future to be affected by Justin Sun's resignation, yes it's true he's a very good CEO but I don't expect everything to fall apart once he quits, there must be someone else who can replace him and run things well, basically Tron has been stable since For a long time and I do not think that there are expected developments in the future, in addition to the fact that USDT is not owned by the Tron network, but it works on it as it works on other networks, so I do not expect that there will be any negative effects.

_IRMAN

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

I never thought someone like Justin Sun could step down from his position as CEO of Tron, and I don't think the development of Tron will be as exciting as when Tron was held by Justin, and for USDT I think it will remain the same because USDT in the Tron network is one of the coins stable with the lowest transaction fees.

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Quote from: JahriMeayer on December 17, 2021, 05:18:10 PM

I'll be gald if this shitcoin's shit owner resign from his CEO position. He is worst managing tron and i'm sure anything major won't be happened for his stepping down even it could generate possibility of new sunshine of tron if New talented CEO join tron and handle this project. And don't worry about usdt, you will be allow to transfer usdt through bnb, sol, matic and other blockchain although trc20 usdt is still my favorite

Who knows, this change is just we need to see tron network achieve new heights? Because as we have seen, the marketing of tron has been surpassed already by many new networks likeBSC, SOL, MATIC and others. But yes, I do agree that using TRC20 in USDT transfers is one of the cheapest that you can find. But I believe, it will stay that way. So with his resignation to his post, maybe, the individual who will replace him will make the tron network better and achieve more. We will see in the coming months what the new leader will be up to.

JahriMeayer

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I'll be gald if this shitcoin's shit owner resign from his CEO position. He is worst managing tron and i'm sure anything major won't be happened for his stepping down even it could generate possibility of new sunshine of tron if New talented CEO join tron and handle this project. And don't worry about usdt, you will be allow to transfer usdt through bnb, sol, matic and other blockchain although trc20 usdt is still my favorite

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Quote from: syedakhlaque on December 17, 2021, 12:05:08 PM

The Tron is a very important crypto coin. It did very good business in last 2 years. I and my fellows trade in this coin and earned well. We also use this coin for transactions. It charged a very small amount for transactions. There was a great rise in the value of Tron last year and this year also. I hope that the importance and value of this coin will not go down after Justin and some capable person will take charge and will hold the position of Tron.

I think change of leadership of Tron network is a good step at right time and it will help to improve perception of this project in the long run because Justin Sun was surrounded by so many controversies .Despite all those controversies, I really appreciate his achievements as founder and CEO of network. Today it is the most energy efficient network with minimal transaction fee, Hence USDT ( TRC-20 ) is widely used now and in future as well ,for transfer of funds at lowest cost.

DaveF

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The issue that I see, is minor but there.
Since ETH fees are insane a lot of USDT transaction went to TRX.
If TRX stops being actively maintained the I can see a lot of USDT transactions going someplace else.
BUT.....
Despite what a lot of us say and think and do, there are many people who will trade BTC <-> USDT and then the USDT to another exchange in an attempt for profit.
The more fragmented USDT becomes I can see people not trading as much. Not a lot mind you, a small small small fraction of a percent. But it may just happen.
Will it do anything to the price of BTC. I doubt it, but you never know.

-Dave

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Quote from: Oshosondy on December 17, 2021, 12:17:10 PM

Over 40 to 60 percent of USDT are in Tron blockchain. Fast verification and low transaction fee. Life made easier with USDT TRC20.

Solana and Avalanche are blockchains that are at least a lot more lively with a lot more platforms than Tron despite both being quite young. So, yea.

It's not like you're suddenly not able to use USDT on Tron though; it's just that expect all the Tron hype to die because Justin Sun sure is a great marketer.

kryptqnick

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Op, is it simply that you are confusing Tron and Tether or is more going on here? Could you explain how Sun resigning as a CEO of Tron has anything to do with USDT? If you truly mean USDT, I think it'll be okay, just as it always is. But, of course, there's always a risk of sudden panic and the stability of this coin coming to an end. As for Tron, it's down 7% over the last 24 hours, but it's not the largest drop on the market, and it's not that bad either. Hopefully, Sun leaves behind a team of people that will keep working on Tron and at least maintain properly what's already there. As for the initial promise of something like a decentralized Internet that Tron gave, I don't believe in that anymore. Like most altcoin promises, it never came to be.

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Can't another person be the CEO of Tron foundation? Another person that have been working with Tron foundation and knows the in and out can perform this role as well. Tron users have nothing to worry about.

Quote from: mk4 on December 17, 2021, 11:24:23 AM

USDT's company is Tether, not Tron lol. Besides them being partners(as far as I know) Tether just integrated their stablecoin on the Tron blockchain, like how they also have USDT on Ethereum, Solana, Avalanche, etc. Tether doesn't need Tron necessarily.

But yea, RIP Tron. (as if it wasn't pretty much dead to start with)

Over 40 to 60 percent of USDT are in Tron blockchain. Fast verification and low transaction fee. Life made easier with USDT TRC20.

syedakhlaque

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The Tron is a very important crypto coin. It did very good business in last 2 years. I and my fellows trade in this coin and earned well. We also use this coin for transactions. It charged a very small amount for transactions. There was a great rise in the value of Tron last year and this year also. I hope that the importance and value of this coin will not go down after Justin and some capable person will take charge and will hold the position of Tron.

Imran232

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

This might be going to have a huge negative impact on tron. Specially for the users of tron-usdt who use tron-usdt for their transaction just because of the fees reason but who knows whats going to be happen next. Though tron is failed to creat their remark as their project. This project didn't give us the best return yet. Though he is leaving it obviouly creat negative impact for sometime because its crypto if the new ceo do some good staff and make this project more good. I dont say it will be happen i just speculate it might be possible. Lets see who is joining as a new ceo and what he can do for this project. lets hope for the best.

mk4

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USDT's company is Tether, not Tron lol. Besides them being partners(as far as I know) Tether just integrated their stablecoin on the Tron blockchain, like how they also have USDT on Ethereum, Solana, Avalanche, etc. Tether doesn't need Tron necessarily.

But yea, RIP Tron. (as if it wasn't pretty much dead to start with)

batang_bitcoin

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You have posted it on the wrong section. It should be on the Altcoin Discussion, a mod will move it anytime from now on.

Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

I'm not familiar with the profile of tron but it seems stable already and even he steps back as the ceo of it, there won't be that much effect for the USDT since it's pegged on dollar. What we don't know if this will cause a negative fluctuation for trx.

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Tron anyways had no future to be very honest, it used to be a good project and even people had too much expectations from the project over all but now the whole chain is just used primarily for Tether transaction because it's way cheaper than any other blockchain. I don't think future of anything would be in danger you anyways don't need any major advancements or inventions to run USDT on your chain, and also the team wasn't doing any major developments.

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so far tron USDT is my choice for transferring assets between exchanges...

the thing that worries me the most with this news is that interest in tron will decrease and make the tokens behind Tron decrease in value. I hope tron can survive.

noormcs5

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Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Topic: Future of USDT after Justin Sun Resigning from TRON (Read 546 times)