Bitcoin

Tron announces DeFi products, but cannot impress the crypto community on Twitter

Justin Sun, the founder of the Tron blockchain protocol, recently visited Twitter announce Your company’s foray into decentralized finance that works in areas with decentralized loans and transactions.

Sun revealed that the project ONLY DeFi plans to launch three new products for the decentralized financial ecosystem. The first is a credit and credit platform called “JUST Lend”. This allows Tron users to “earn interest and borrow against collateral”.

The second product includes a decentralized cryptocurrency exchange platform called JUST SWAP, while the third is a TRC-20 token called JUST BTC. The token is 1: 1 linked to Bitcoin (BTC).

Tron announces DeFi products, but cannot impress the crypto community on Twitter
Tron announces DeFi products, but cannot impress the crypto community on Twitter

He added that the recently launched JUST (JST) token will be the core token of Tron’s DeFi ecosystem, adding:

“We look forward to integrating the JUST line of comprehensive empowerment, community governance and fully divisible dividends into the # TRON DeFi ecosystem.”

Crypto Twitter is difficult to impress

Tron has been in controversy over its near-decentralization since the resignation of CTO and co-founder of the company, Lucien Chen, in May 2019. Chen accused Tron of being extremely centralized and lost his vision of creating a website. decentralized.

Twitter users expressed the same concerns about Tron in response to Sun’s tweets about DeFi products. One user wrote: “But #Tron $ trx It’s not decentralized, so you really should be CeFi – Centralized Finance. “

Another user wrote:: “If a central scam is not enough, you should get on the DeFi train to JUST reach everyone else.”

Similar Posts