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The 100 millionth account was added to the Tron Blockchain, marking a new milestone.
“TRON recently reached 100 million total users.
Our path to mass adoption has just begun! Never lose sight of the fact that there are 7 billion people on earth.”
World’s fastest-growing public chain
Justin Sun, the project’s creator and former CEO, echoed similar views on Twitter, thanking the community for its support and noting that the project’s mainstream acceptance journey had just begun with 100 million members. He declared:
The team said the same thing while highlighting Tron as “the world’s fastest-growing public chain with 3.4 billion transactions, millions of daily active users, and continuing daily new accounts every day.”
Tron commemorates its fourth year as a stand-alone blockchain.
The project’s fourth anniversary as a standalone chain following its departure from Ethereum on June 25, 2018, falls on the same day as the 100 million milestones.
A comment from Sun from 2018 that said, “Tron is predicated on a community of engaged users who should have their opinions heard” was used by the DAO team to honor the occasion.
Meanwhile, a self-described cryptocurrency crusader on YouTube is criticizing its stablecoin effort.
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“The Next LUNA Ponzi Scheme”
Unfortunately, Ponzi schemes and pump-and-dump frauds have become more prevalent as the market for digital assets grows. TRON’s stablecoin USDD, a digital currency released by its DAO Reserve, is the most recent to draw criticism.
In a video titled “The Next LUNA Ponzi Scheme,” Stephen Findseisen, a.k.a. Coffeezilla, questioned the legality of the coin on June 24. The popular video, which had close to 400k views, accused Sun of operating a Ponzi scheme while disguising it as a stablecoin initiative.
Sun promised to spend $2 billion to “fight them” after the collapse of the dollar peg on June 13, and USDD experienced a big fall after that.
The TRON team has not yet responded to Findseisen’s claim. The USDD value was $0.97 at the time, down 3% from its fixed target of $1. The token’s price is $0.64, and its market capitalization is $5.98 billion. The weekly index’s 18th-ranked coin has increased by more than 7% during the last 24 hours.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
