The Tron community (TRX) was out of it on Wednesday, February 19 after founder Justin Sun’s address voted in two applications from the Tron Foundation as Super Representative (SR). Tron-Ace and Tron-Bet were elected Super Representatives by the address of Zion, the same account that received 99 billion TRX from the genesis block of the coin.
The super representatives are responsible for supervising the production of blocks on the Tron blockchain. As such, they receive a significant portion of the coin rewards from each block. Simply put, this means that the rules of the Tron community have been circumvented, presumably to further enrich its own foundation.
And this despite the insistence of Justin Sun, CEO of Tron, that he and his foundation have nothing to do with community voting.
The founder of Tron in the voting purchase controversy?
The addresses of the candidates with 200 million and 310 million votes belong respectively to Tron-Bet and Tron-Ace. The address shown happens to be Zion, the same account that received TRX 99 billion after the launch of Tron’s main network in 2018. This equates to the entire supply of TRX parts at the time.
Tron Super Representative’s vote results on February 19. Source: tronscan.org
The use of an address so clearly affiliated with the Tron Foundation has shocked many members of the currency community. A member of the Tron Society took Twitter Wednesday morning to ask founder Justin Sun for an explanation:
“The Tron-Bet and Tron-Ace voting was carried out using the ZION account. Can we get an explanation please. “
The same user added later to the statement that the Zion account “was used to vote in the SRs in which Justin is” invested “even after Justin’s statement [saying neither] neither he nor the foundation participated in the vote. “
TronWalletMe’s director of marketing and communications, Misha Lederman, later noticed a third SR voted by the Zion account. Lederman pointed out that the Poloniex SR had also benefited from the Zion de Tron account.
The Poloniex exchange was purchased by Tron founder Justin Sun in November 2019.
Tron founders flout community rules
Developer Tron dApp Rovak sum the situation for non-technical users, noting: “It is not OK to use these tokens if the elections are supposed to be 100% community-based.”
Tron’s documentation written by Justin Sun makes it clear that neither he nor the Tron Foundation is participating in community voting. According to Sun, all voting is done by TRX owners and the community at large, as reported in an average article by Justin Sun in early February.
Last September, Cointelegraph announced that Binance had become the number one Tron SR after launching the staking for TRX users. These funds were then used to vote Binance as the super principal representative.
An insider from Tron who wanted to remain anonymous noted at the time that “they have enough votes to vote in 20 SRs and essentially launch the second version of Binance Chain.” The community is rather upset. “
Nearly six months later, Binance remains the first Tron SR, controlling 53% of the network.
Following Wednesday’s revelations, Binance’s control over the Tron blockchain returned once again. Twitter user @GodOvCrypto predicted the worst for Tron in the long term:
“I’m surprised there are still community SRs in the top 27. Give it a year and they’ll be down because companies will do what @binance has done and just buy their way to the top. The only good one thing will be that all TRX will be frozen. “
Tron did not respond to a request for comment.