TRON's Accelerator Project Questioned Over Reward Adjustments

  • Tron’s (TRX) million dollar blockchain development accelerator program has been called into question.
  • A user claims Tron's team may not be planning to hand out promised prizes to developers.

Tron’s (TRX) million dollar blockchain development accelerator program has been called into question by a user who claims to be “highly active in all blockchain dapp scenes.”

Although the TRON foundation has announced “tons of supposed USDT prizes” for switching from developing decentralized applications (dApps) on Ethereum (ETH) to Tron, a reddit user called “9hil” has revealed that most of the developers building apps on Tron “just wanted a piece of the content prizes.” According to the redditor, most of the Ethereum developers he knows “personally” are “still planning to continue developing on Eth.”

Prizes Weren't Handed Out On Time

Moreover, it’s “pretty easy to put an Ethereum dApp onto Tron”, the reddit user claims. Going on to point out that the TRON foundation did not announce winners for its dApp development contest on January 12, 9hil shared the explanation the Tron team game not to hand out prizes on time. In an email reportedly sent to all the “winners”, Tron’s management wrote:

Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned.

 

According to the reddit user, Tron’s support team has dropped the lowest prize to $1,000 (from $5,000). Reacting to the announcements, one of Tron’s Super Representative (transaction validator) candidates was quoted as saying: 

Nobody even knows that they'll pay out the full 1,000,000. I can guarantee they won't. They didn't pay out the full amount last competition. They're not cutting prize amounts because so many people supposedly entered; they're cutting them because they won't pay the full amount.

 

Ponzi Scheme Games Winning Prizes?

The redditor also mentioned that there had been “some people” who claimed they “won $1,000 ... , but interestingly” never talked about it publicly. He shared a link to an Instagram post of what he referred to as “some random person associated with ’STOken Studio’.” Claiming to have won a $200,000 prize, details regarding STOken’s dApp are nowhere to be found on the internet, according to the reddit user’s investigation.

There was a link to SToken’s Github page which was “embarrassingly [almost] empty” as it "only had 3 commits.” Soon after publishing his post on Reddit, the user noted that the Github page had either been deleted or made private. As the page is unavailable, CryptoGlobe isn't able to verify these claims.

Interestingly, the user also revealed a developer cloned Ethereum-based “Shrimp Farm”, a “simple Ponzi scheme game”, on the Tron network. The game “got a ton of volume” which “led to a huge amount of clones onto Tron, including Tron Anthills, Crocs, and many others”, the redditor wrote.

Although Tron Shrimp “clearly had the most volume, users, and [number of transactions]”, it did “not win a prize” the user claims. However, Anthills’ developer, known as "diego", told his his community members that he “was one of the winners.”

Contest Judge Unaware "Prizes Have Been Announced"

Tron’s development team has not yet “posted a public list of the winners” prizes appear to have been awarded to outright “ponzi scheme” type apps, and one of the competition’s “judges himself does not have the final results yet [there’s an] email” circulating which states prizes have been announced. The email reportedly reads:

 

Dear TRON Developers, This email is to notify you that, up to this point, TRON Accelerator final prizes have been announced through emails already, we would like to thank you for your hard work and enthusiasm in developing your dApps for the past 5 weeks!

 

$1.5 Billion Hedge Fund Ulysses Capital Invests in NULS (Again)

NULS, a blockchain designed to enable customizable modules and cross-chain operability, has secured investment from Ulysses Capital, a Los Angeles-based family office managing roughly $1.5 billion worth of assets.

Commenting on his fund’s investment in a blog post published by NULS was Joon Lee (Fund Manager, Ulysses Capital), who praised NULS’ “strong technical team” for sticking to their roadmap; something “we don’t often see” occur in the crypto space, he added.

If anyone was to know how diligently NULS abides by their roadmap, it would be Ulysses Capital. Indeed, the investment into the enterprise- and developer-focussed blockchain project was not the first for the long/short hedge fund.

It was only last October when Ulysses Capital – who at the time had “recently established a crypto fund to invest in cryptos and blockchain companies” – invested directly into NULS’ same-named cryptocurrency.

For Ulysses Capital, the initial investment into NULS doubled as a strategic partnership. According the October announcement, Lee shared his fund’s intention was to “build a win-win relationship with [NULS] by creating more opportunities for NULS in the future.”

NULS Seeing A Lot of Investment

Notably, Ulysses Capital is not the only crypto-specific fund in recent times to have seen potential value in NULS. Late last month, BlockGroup, the parent company of the BlockVC, announced their investment in NULS through its newly established $200 million crypto fund. As was the case with Ulysses Capital and their crypto-specific fund, NULS represented the first investment by BlockGroup’s.

As for how NULS is tracking as a project, the team is currently testing their recently released alpha version of NULS 2.0. Promisingly for investors such as Ulysses Capital and BlockGroup, NULS revealed in today’s investment announcement it “has multiple enterprises and individuals participating in the 2.0 alpha test and is currently considering additional participants to join the environment.”

Announced last November, NULS 2.0 represents a “new modular architecture enhanced with microservice suites, that have no programming language limitations.” Prompting the design overhaul was the core team’s realization that, whilst NULS 1.0 achieved “the modular effect at the coding paradigm level,” it was far too constraining for developers. For CryptoGlobe readers wanting to learn more about the benefits of NULS 2.0 – especially as it relates to NULS 1.0 – we recommend reading this detailed blog post.