Tron Blockchain Platform Receives $ 2 Million Incentive Payout From US Government
Blockchain platform Tron has received more than $ 2 million from the US government as part of a business support program amid the coronavirus pandemic. This was announced by the CEO of Sino Global Capital, Matthew Graham, citing a post on the Chinese social network WeChat..
The money received by Tron is for employee salaries and is non-refundable. According to Graham, the audience in China may misinterpret this message and think that in this way the US authorities are expressing approval of the Tron blockchain..
Others questioned the advisability of issuing a grant to a blockchain project and urged him to immediately return the money.
“I see no reason for this. Potential activity in the United States, with a maximum of several dozen employees, does not justify this payment in any way, “wrote the founder of the Socios crypto project Alexander Dreyfus.
According to Bloomberg, the US Federal Reserve is already criticized for supporting companies with which banks previously urged not to cooperate because of their risky practices. Former Fed official Mark Carey said the agency “encourages those who violated the most.”.
According to Last Token user, “a large Ethereum company launched by one of the Ethereum co-founders also applied for a small business payout, but could not receive it.”.
The fortune of the founder of Tron, Justin Sun, is estimated at $ 200 million. Previously, he made several announcements, the excitement around which far exceeded the events themselves. Tron relocated operations to San Francisco after Chinese authorities began targeting cryptocurrency companies in 2017.
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