Justin Sun Advocates for Increased Traditional Finance in Tron, Preferring Dogs for Memecoins
Crypto

Justin Sun Advocates for Increased Traditional Finance in Tron, Preferring Dogs for Memecoins

In an insightful conversation with CoinDesk, Tron founder Justin Sun discusses the advantages of memecoins, the competitive performance of HTX, and the partnership with Chainlink.

Interview Highlights with Justin Sun

In a demanding and highly organized setting, CoinDesk was granted a 20-minute interview with Justin Sun, the founder of Tron, during Chainlink's SmartCon at Hong Kong Fintech Week. He shared insights on why memecoins could be fairer than venture capital-backed tokens and discussed HTX platform's better performance for memecoint trading.

Memecoins vs VC Tokens

Justin Sun emphasized the fairness of memecoins, pointing out how their launch processes allow community tracking and can prevent large, undisclosed asset movements that would harm the token's value.

“Fair launch is one of the biggest advantages of meme coins. Everyone can track the tokens...”
Translation: A fair launch is a significant benefit of meme coins because it allows the community to monitor token activity closely.

He also highlighted HTX's success with memecoins, claiming that while Binance typically has lower returns, HTX has seen up to 500x returns for certain tokens due to its less rigorous listing protocol.

A Preference for Dogs

When asked about his preference in the meme coin space, Justin admitted he leans towards dog-themed memecoins, saying:

“I’d say like 60% dog.”
Translation: I prefer dogs for about 60% of my choices in the meme coin market.

Bridging TradFi and DeFi with Chainlink

Sun also revealed that Tron has entered into a partnership with Chainlink, positioning it as a crucial oracle solution for its DeFi space.

“Chainlink is the top smart contract oracle in the world...”
Translation: Chainlink holds the position of the leading smart contract oracle globally, which significantly benefits the Tron ecosystem.

In conclusion, Sun asserts that the integration of Chainlink will attract more traditional financial institutions to Tron, further enhancing its usage and visibility across various markets.

Next article

Tether Announces Impressive $2.5 Billion Profit in Q3 Amidst Growing Treasury Holdings

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!