Justin Sun stepped down and Tron Foundation dissolved – What Next?

In the last days, there were a few headlines that resonated with the community.

  • “The Tron Foundation, the organization behind the TRON (TRX) cryptocurrency, announced that it will dissolve itself next summer, leaving the blockchain’s ecosystem completely in the hands of its community”
  • “Tron founder Justin Sun has revealed that he is stepping down from his position of CEO and will take up a job with the government of Grenada as its ambassador to the World Trade Organization (WTO)”
  • “The Tron Foundation’s three original nodes—”justinsuntron,” “BitTorrent,” and “µTorrent”—have withdrawn from the list of blockchain’s “super representatives” (essentially key players in the Tron’s governance system), leaving the network in the hands of 27 super representatives hosted entirely by the community.”

Official References:
1. https://tronfoundation.medium.com/justin-suns-open-letter-to-the-community-on-tron-s-decentralization-and-his-personal-journey-853990c3d978
2. https://twitter.com/justinsuntron/status/1471802392673161218

On reddit in the Tronix sub there were a few threads as well as discussions started (example) as of how to go forward like forming a SR, getting votes and being able to submit proposals. I did join them and tried to explain based on my experience how the last 2 and 1/2 Years played out. I am part of this since it all started and as you all know we’ve downsized starting November from 11 nodes to a single one, because of the lack of votes as it could not sustain the costs.

Not only that, but I did pay for TronLabsRO servers and yes, even if there is a risk of you believing I’m bragging, I am the one guy who used to own 1% of the nodes running on the tron main network. 2 Months ago, I decided to downsize as there was no point in paying for it, IF there is no break even in sight. You can read a detailed explanation here. The highest place the SR did ever climb was #56 and since then it only went down as voters vote for those who pay better, even if there is no project. I as a SR never achieved anything else, but at least I’ve tried. I am thou in the first 127, and I can go back to running nodes if the situation might change, but for now I’m just evaluating options.

I’ve also received questions like Why run a node?

Again, because of the love for this project. If you run a node, you will just help the network, there is no benefit nor gain, unless you are elected. IF you get elected, it will happen fast, and you will need to produce blocks. If you don’t, you will lose the associated block rewards and somehow sabotage the network because you can’t fulfill your duty.

There are also specific use cases in addition to the above like:

  • In case you develop or deploy dapps (games, gamble, etc) you will also need to use a dedicated node that is synced with the network and not overload a node that is run by someone else. This usually needs to be close to where your (d)app server is and be able to reply with low latency.

  • You can import the entire blockchain in a DB and then query specific transactions in case you want to offer data mining capabilities. This sort of access is a paid service. Jason from Community node had a project like this.

  • help other SR’s who had no nodes running when they got elected. I can deploy and get a node running (full sync) fast.

We have also seen FUD (Fear, Uncertainty and Doubt) expressed by others who moved their coins from Tronscan. Relax, your coins are safe, they are in the network.

So far everybody blamed Justin for the lack of success. I’ve seen this over and over in the Tronix sub. Now he’s gone, so we either get to work and build on what we have as a community and the existing blockchain, or just roll over and die.

I’ll put my effort and shares on “Get to work and build” and I hope you do too. This is the only way to thrive and do good.

TronLabs Romania DAPPS Fund Report

TronLabsRomania-DAPPS-Fund
TXgbWCjqoM7QKSntXW9t1d9eoA3j9JUhCG

Update 25.05.2020
Today all the voting rewards that were accumulated by the SR Candidate since we started and until now (5636 TRX) were claimed and sent to the Tron DAPP Development fund. The initial 2000 TRX generated 65 TRX from voting rewards in the same time frame of 18 months. The DAPP Funds needs more, as the projects need to be worked on and I will have to pump every cent.

Update 06.07.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 25.05.2020 – 07.07.2020 (160 TRX) were claimed and sent to the Tron DAPP Development fund. An additional 9 TRX were claimed as voting rewards and added on top. The fund balance has been increased by 169 TRX.

Update 18.07.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 07.07.2020 – 18.07.2020 (160 TRX) were claimed and sent to the Tron DAPP Development fund. An additional 37 TRX were added on top for a total of 197 TRX. In addition to this, the Dapp Fund account also claimed 9 TRX, it’s rewards for voting.
The total fund balance has been increased by 206 TRX.

Update 27.07.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 18.07.2020 – 27.07.2020 (160 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 8 TRX, it’s rewards for voting.
The total fund balance has been increased by 168 TRX.

Update 06.08.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 27.07.2020 – 06.08.2020 (163 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 8 TRX, it’s rewards for voting.
The total fund balance has been increased by 172 TRX.

Update 18.08.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 06.08.2020 – 18.08.2020 (207 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 10 TRX, it’s rewards for voting.
The total fund balance has been increased by 217 TRX.

Update 11.09.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 18.08.2020 – 11.09.2020 (454 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 29 TRX, it’s rewards for voting.
The total fund balance has been increased by 483 TRX.

Update 10.10.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 11.09.2020 – 10.10.2020 (740 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 49 TRX, it’s rewards for voting.
The total fund balance has been increased by 790 TRX.

Update 19.11.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 10.10.2020 – 19.11.2020 (601 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 51 TRX, it’s rewards for voting.
The total fund balance has been increased by 652 TRX.

Update 17.12.2020
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 19.11.2020 – 17.12.2020 (327 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 31 TRX, it’s rewards for voting.
The total fund balance has been increased by 359 TRX.

Update 29.05.2021
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 17.12.2020 – 29.05.2021 (1595 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 169 TRX, it’s rewards for voting.
The total fund balance has been increased by 1764 TRX.

Update 07.10.2021
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 29.05.2021 – 07.10.2021 (1372 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 163 TRX, it’s rewards for voting.
The total fund balance has been increased by 1535 TRX.

Update 02.11.2021
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 07.10.2021-02.11.2021 (306 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 39 TRX, it’s rewards for voting.
The total fund balance has been increased by 345 TRX.

Update 15.11.2021
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 02.11.2021-15.11.2021 (142 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 18 TRX, it’s rewards for voting.
The total fund balance has been increased by 160 TRX.

Update 17.01.2022
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 15.11.2021-17.01.2022 (753 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 98 TRX, it’s rewards for voting.
The total fund balance has been increased by 851 TRX.

Update 05.02.2022
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 17.01.2022-05.02.2022 (280 TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 38 TRX, it’s rewards for voting.
The total fund balance has been increased by 318 TRX.

Update 15.03.2022
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 05.02.2022-15.03.2022 (541TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 76 TRX, it’s rewards for voting.
The total fund balance has been increased by 617 TRX.

Update 16.04.2022
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 15.03.2022-16.04.2022 (353TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 51 TRX, it’s rewards for voting.
The total fund balance has been increased by 404 TRX.

Update 02.05.2022
Today all the voting rewards that were accumulated by the SR Candidate in the timeframe from 16.04.2022-02.05.2022 (170TRX) were claimed and sent to the Tron DAPP Development fund. In addition to this, the Dapp Fund account also claimed 25 TRX, it’s rewards for voting.
The total fund balance has been increased by 195 TRX.