In todays cryptocurrency news we see that Justin Sun is continuing Tron’s decidedly strange recent business model by announcing the acquisition of virtually unheard of mobile app CoinPlay. Official press release is listed below the first image.
So what is CoinPlay?
Well the official CoinPlay website doesn’t tell us very much at all except to say it is an app in the GooglePlay and Apple iOS stores which once installed allows access to (potentially dangerous) other mobile apps. By installing these apps apparently the user earns BTC (presumably this will be changed to earning either TRX or having seen the strange decision to ditch TRX in favour of BTT after the BitTorrent acquisition, a brand new CoinPlay TRC20 token).
CoinPlay was previously owned by CoinBux which appears to have other similar BTC earning systems and affiliate programs. On the official CoinBux website we can see that lifetime earnings for all users of all their platforms (including CoinPlay) over the last 5 years is a whopping 33 Bitcoin (though they list this in Satoshis to make the number look less embarrassing). The reputation and trustworthyness score of CoinPlay is also not good at all.
Or is it a different CoinPlay entirely?
Tron have created a new website for CoinPlay with virtually no information on it whatsoever. The official Twitter page is brand new and nobody seems to know anything about the project other than that it promises to be a blockchain app store. The CoinPlay app downloaded via this new website is not even on the official app stores itself so you are downloading a potentially harmful APK just to test it out. So is it even the same app as the one we listed above?
Announcing the Announcement?
In fairness to Justin Sun, at least he didn’t do a shit ton of pre announcement hype building pre announcement announcements for this new project. But on the other hand unless CoinPlay is the shady project we listed above then is it even an acquisition? Or is it a brand new scheme being passed off as an amazing coup for Tron?
With Justin “Hype Master” Sun at the helm, who the hell knows?
TRON’s Acquisition of CoinPlay: Another Stride Forward
After its acquisition of BitTorrent, TRON has recently stepped up its game again, acquiring the very first global blockchain app store: CoinPlay.
TRON is dedicated to building the infrastructure for a truly decentralized Internet. CoinPlay positions itself as a blockchain application store that aims to offer the most comprehensive, suitable and updated blockchain apps. Currently, popular blockchain apps are often hard to find at conventional app stores, and it is difficult to screen the source for safe download. TRON and CoinPlay shares the same vision: providing better user experience for blockchain practitioners in the industry.
Since the beginning, the TRON ecosystem has achieved tremendous growth and gained significant momentum. One of the biggest progresses is its successful acquisition of BitTorrent and including it into the ecosystem of TRON. With BitTorrent, TRON has become the world’s largest decentralized Internet ecosystem. This latest acquisition of CoinPlay has also enriched TRON, further advancing the development of the blockchain community.
CoinPlay brings together a wide range of blockchain Apps and DApps, providing one-click downloads of a variety of blockchain software and games, as well as practical guides, browser navigation, ratings, and indices of major currencies. In the future, it will support multi-platform multi-currency real-time quotes, multi-platform transaction volume/transaction price, and GitHub query. It not only provides a comprehensive use of graphic tutorials for new users, but also includes high-quality content of the crypto industry, links to more high-quality projects and cryptocurrencies, and has also obtained strategic investment from well-known investment institutions and capitals.
According to Justin Sun, founder of TRON, “TRON recently completed its MainNet upgrade v. 3.5. As a blockchain-based entertainment ecosystem, we will continue focusing on content and entertainment. The recent acquisition of CoinPlay aims to better serve the blockchain industry. The year 2019 will be the year of exponential growth for the TRON ecosystem.”
Recently, TRON has announced its partnership with Tether to issue USDT that anchors the USD with the rate of 1:1, offering attractive incentives for early adopters, totalling the equivalent of 100 million RMB, to get existing USDT holders to transition to TRC20-based USDT and advance the potential of decentralized finance. “We believe that with a faster, more economic and concrete stablecoin payment experience, more ordinary people will start to pay attention and use DAPPs. In addition, we will offer attractive incentives for early adopters, totalling the equivalent of 100 million RMB, to get existing USDT holders to transition to TRC20-based USDT and advance the potential of decentralized finance.”
TRON is creating a boundary-free decentralized internet that inspires innovation across industries. Founded in September 2017 by Justin Sun, TRON is the world’s largest decentralized network and BTT connect BitTorrent to the world of Blockchain, enabling faster downloads and torrent lifetimes, creating a tokenized content ecosystem that benefits 100M+ existing users. TRON is connecting thousands of developers across the world through its consumer-focused ecosystem based on Blockchain, cryptocurrency, dApps, and leading peer-to-peer file sharing products; respectively TRON, Peiwo, BitTorrent & µTorrent.
About Justin Sun
Justin Sun, born in 1990, Bachelor of Peking University and Master of the University of Pennsylvania, former chief representative for Greater China of Ripple, is the founder of TRON, the CEO of BitTorrent, as well as the founder and CEO of mobile social APP Peiwo. He was Asia Weekly’s cover person in 2011, Davos Global Shaper in 2014, named Forbes China 30 Under 30 in 2015, and the only millennial student in the first batch of entrepreneurs at Hupan University in 2015. On July 24, 2018, TRON acquired BitTorrent.Inc, the Internet technology company in San Francisco, and Justin Sun has become the CEO of BitTorrent Inc. since then.
Please go to CoinPlay.shop and download our Application to join our 1,000,000 TRX campaign!