⚡️ I have to admire Brother Sun - @sunyuchentron
"The standard by which I measure a person is how much money he makes" - how much money does Brother Sun have? ——
Brother Sun bought SRM Entertainment for $100 million, and Justin Sun sent TRON to the NASDAQ table in one fell swoop, and SRM's stock price continued to rise, up 523.41%
Core Assets & Business Landscape——
1. Wave Tron
a. Positioning: The world's mainstream public chain (market capitalisation of $26.96 billion), the core circulation network of stablecoin USDT.
b. Key Twists:
i. In 2017, the ICO raised US$400 million, but after the "9.4 ban" in China, the team was withdrawn and the team was disbanded.
ii. Key to counterattack: In 2019, Tether chose TRON to issue TRC-20 USDT, accounting for 98% of the on-chain transfer volume, with an annualised revenue of $770 million.
2. BitTorrent(BTT)
a. Purchase price: $140 million (2018).
b. Blockchainization: Launched the BTT token to incentivise P2P downloads, with a market capitalisation of $670 million and an annual trading volume of $2.6 billion.
3. Trading Platform Matrix
a. Poloniex: Acquired in 2022 with a daily trading volume of $500 million, complementing the TRON ecosystem.
b. HTX (formerly Huobi): Acquired in October 2022 for $1 billion, with a daily trading volume of $2.4 billion.
4. Stablecoins and cross-chain assets
a. USDD: Decentralized stablecoin ($432 million market cap), with Justin Sun leading reserve management.
b. TUSD: Shadow Holdings (market capitalisation of $490 million), which has been unanchored by supervision many times and needs to inject capital to maintain stability.
c. WBTC: An important collateral asset in the TRON ecosystem (with a market value of $13.7 billion), supporting the stability of USDD.
5. Content and NFT Ecosystem
a. DLive: A decentralised live streaming platform that integrates the BTT token economy, and has been criticised for content moderation controversy.
b. APENFT Marketplace: NFT trading platform (token market capitalisation of $420 million), anchoring traditional art collections (such as Picasso, Andy Warhol's original works).
Rhythm this article is very well written:
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