Tron Buys Steemit, Inc.,

The deal was recently announced and it appears that Justin Sun, the CEO of Tron, has purchased Steemit, Inc and all of the Steemit, inc Steem from Steemit CEO Ned Scott.

The Current Plan
Justin Sun, CEO of Tron and Ned Scott, former CEO, Chairman and Founder of Steemit had a joint live conference billed as an AMA-Ask Me Anything, on February 16th. Mr. Sun made these statements in replies to questions. (My notes, not quotes)

There will be no immediate changes in administrative personnel.
There will be no immediate change in witnesses.
Mr. Sun does not plan to use his stake for voting for witnesses.
There is no plan for a Token Swap right now.
Mr. Sun wants the current projects SMTs and Communities to be released.
Mr. Sun plans to bring more developers to the Steemit Dev Team.
Mr. Sun plans to use his marketing team to Market Steem.

Link to the conference call :

Information about Tron Foundation

Tron is a decentralized content sharing platform that leverages blockchain and peer-to-peer network technology, the Chinese Singaporean token called Tronix (TRX) and brainchild of millennial Chinese entrepreneur Justin Sun, is positioned to transform the global entertainment industry currently valued at one trillion USD. source

TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services.

Tron Guide link

An overview of this new blockchain and its crypto TRX link

Justin Sun, CEO of TRON

From Forbes Magazine:

Justin Sun is a Chinese entrepreneur, notable for previously creating “Peiwo,” an application that has been likened to the Chinese equivalent of “snapchat” through matching and connecting users by analyzing 10-second voice samples and mutual interests.
The Peiwo app also provides a multitude of channels for users to meet like-minded friends such as online games, talent shows, and live streaming. Similar to the pairing function on tinder, Peiwo has since facilitated more than 4 billion matches to date.
In 2014 Justin Sun also became a Davos Global Shaper and was the former representative of Ripple XRP in China. At just 26 years old, Justin Sun was selected by globally revered tech pioneer and investor Jack Ma to study at the Jack Ma Hupan University for entrepreneurs which, according to numerous sources, has an acceptance rate lower than Princeton.
Justin is also the Chief Representative and Advisor at Ripple Labs (who are also close investors of Tron) and has featured in Forbes 30 Under 30 Asia.

Summary:
The company Steemit Inc., and it’s shared of Steem have been sold by CEO Ned Scott. It is believe to be 75 million shares for 4.5 million USD but this can’t be verified. The new CEO of Steemit,inc Justin Sun has announced his intent to make no changes to Steemit, Inc and no plan for a Token swap from Steem to Tron tokens right now. He has also announced plans to use his marketing assets to promote Steem. The new CEO Justine Sun is very good at Marketing and using both Social Media and Print Media to raise awareness, generate publicity and therefore increase interest in his projects. These valuable skills could help Steem, Steemit and our Other Dapps right now. Mr. Sun has also stated he will bring more developers and finish the projects in the works like SMT’s and Communities.

I feel the information that we have is all good news. I thank Mr. Scott for co-creating and supporting Steem and Steemit this far. I also respect his decision to leave Steem and Steemit in the hands of some one, Mr. Sun, whom he felt could further develop Steemit and promote the other Dapps on the Steem blockchain.

This is the information I have. I encourage everyone to remain calm and positive, as we continue to adapt to change. As we have learned, the only constant is change.

✍️ written by Shortsegments

Shortsegments is a blogger or writer on the Steemit platform, where writers, photographers and video bloggers, along with other content producers get paid for posting their content.

Read other articles by @shortsegments on the Steemit Social Media Platform, where writers get paid for their content by the community by upvotes worth the cryptocurrency, called Steem.

Read shortsegments blog on the Steemleo investment Blog

Please follow @shortsegments Twitter Feed Here

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frankvvv (65) · 5 years ago

Still not sure if this is positive for Steem holders.

$0.04

2 votes

shortsegments (77) · 5 years ago

I think only time will tell. Right now I think we have seen How the Marketing Division of Tron is very, very active compared to what we are use to here on Steem and that’s a good thing.

$0.00

1 vote

lalai (63) · 5 years ago

Thanks for the link to the AMA.

And thanks for the notes on the AMA.

Thanks for the links about Tron!

I was scared this was the end of Steemit and Steem. But now I have hope.

Do you know if anyone from Steemit Inc has posted on this development?

Do you have any links?

Thanks ☺️

Posted using Partiko iOS

$0.03

chrisbarth (62) · 5 years ago

Woah! Is this for real?

Posted using Partiko Android

Yes. It was a big surprise.

rentmoney (68) · 5 years ago

The deal was recently announced and it appears that Justin Sun, the CEO of Tron, has purchased Steemit, Inc and it’s Steem estimated at 75 million Steem for 4.5 million dollars US from Steemit CEO Ned Scott.

Where did you get the 4.5 million number from? I heard rumblines tha it was 10 million but they were just that rumblings (rumors).

My thoughts on the purchase can be read below.
https://steemit.com/hive-167922/@rentmoney/the-take-over-welcome-to-our-new-overloard-justin-sun-my-opinion-on-the-current-tron-steem-merger

I will read your post. Thanks we need information most of all at a time like this. You should read this post about witnesses and big stakeholders powering down.

https://partiko.app/@bitrocker2020/db9g4cj5gei?referrer=lalai

I suspect allot are powering down.

My post above suggest to do so as well. We can do more with liquid Steem then we can do with Steem Power. I haven't started mine yet but I'm heavily thinking on i.t

shortsegments (77) · 5 years ago (edited)

I think from either the Medium Article or @aggroed’s article. The numbers being thrown around are unverified. Tron claims 20 million user for them and one million users on Steemit. So I am not betting the house on the numbers.

I know he (Justin Sun) bid on a meal with Warren Buffet for 4.5 Million.

https://www.coindesk.com/trons-justin-sun-finally-gets-4-5m-dinner-with-warren-buffett

I lost the resource for the numbers, so I edited them out if the post.

Do you know how to cross post into communities?
If I wanted to cross post something into my community how would I do it?

I don't use the community feature much but I would suspect all one would need to do is use the community tag.

I know tribe sites post don't show in our main blog section. Instead they're in the post section, a workaround to that is resteeming them.