Let's break down the claims brought to us by TRON's CEO, Justin Sun.
TRON is an interesting Crypto Currency and has gained popularity quite fast. The price of TRX started off in around $0.002 back in early September 2017 and eventually gained an all-time high of $0.25 on January 4, 2018. It's currently sitting at $0.046 usd. One thing caught my attention which led me to investing in TRON. It has to do with how Justin Sun conducts himself. How vocal he's been on various social media platforms, Twitter, being one of them.
Justin Sun doesn't just sit around and twiddles his fingers, he's constantly on twitter, posting news about Tron, posting about new and/or speculative partnerships and posts about Tron new developments.
A list of known "App" Partnerships based on various Tweets and the company's website include Peiwo, Obike, Gifto, Uplive, Game.com, Baofeng, Mico, Kitty Live, Waka, Yay, GSC and matchpool. To understand the gravity of these partnerships, one single partner for example, is "Peiwo App", they have 10 million users. If we were to estimate and combine them all, the entire list of app partnerships could be up to 150+ million users. This alone is huge in my honest opinion.
But there's more, Justin Sun also spoke about potential partnerships with listed NASDAQ companies. And I Quote:
"More partnerships are coming! Even #NASDAQ listed companies and the giant companies with more than 100 million users started to contact us for partnership. We will be huge soon! #TRON #TRX $TRX."
Based on Justin's comments, let's do a quick analysis on potential (NASDAQ) companies he is speaking about. I haven't listed them all, because there's too many of them. I included some off the NYSE for comparison purposes with respect to user base and dollar market cap.
• Match Group – Social dating and match making. Has over 6 million paid members with a market cap of $6.4 Billion usd.
• Zynga – Social gaming app responsible for games like Worlds with Friends and Farmville. Has 19 million daily mobile users across all games with a market cap of $3.3 Billion usd.
• Groupon – E-commerce network connecting consumers with local merchants. Has over 48 million active users with a market cap of $2.4 Billion usd.
• Meet Group – Parent company of MeetMe, Skout and Tagged. Has 2.8 million daily users with a market cap of $277 Million usd.
• Tencent Holdings – Owners of WeChat, with over 960 million users. Market cap is over $500 Billion usd.
• Weibo – A popular social media site in China, with over 392 million monthly users with a market cap of 8.7 Billion usd.
• IAC – Owners of Vimeo and Home Advisor. Has 500 millon unique visits across all sites with a market cap of $9.1 Billion usd.
• Snap – Parent of Snapchat, has over 170 million daily users with a market cap of $17 Billion usd.
• Twitter – The popular twitter that currently has over 300 million registered users with a market cap of $13 Billion usd.
• Yelp – Crowdsourcing site for reviews of businesses. Has 28 million monthly app users and a market cap of $3.6 Billion usd.
Based on the above NASDAQ listed companies, the ones with over 100 million users, as stated by Justin Sun, are the last 2, WeChat owned by Tencent Holdings and Weibo, popular China based media site. But these two have a lot more than 100 million users. There are many more social media companies listed on the NASDAQ. Too many for me to list. They are all based all across the world. Justin Sun could be speaking about any of them.
Speculation that has been circulating within the Internet is a potential Alibaba Group partnership. There's photographic evidence online showing Justin Sun and Jack Ma, founder and executive Chairman of Alibaba Group, together smiling for a photo. Obviously this can mean something or nothing. But going through Justin's twitter posts, he sounds quite excited and I Quote:
"One more senior developer from #Alibaba just joined the #TRON team. Led by Lucien Chen, we began to have a very strong developer team from great companies. #TRX $TRX."
There is obviously nothing official with regards to an Alibaba partnership. But I have to admit, if this ever does come true, I can see the TRX price sky rocket to levels we haven't seen before. And with the pending March 2018 Coin Burn talked about by Justin Sun, I can see TRX go to places not seen before. Let's say you?
This isn't financial advice by any means, just my personal opinion with some internet research.
