An Interest In:
Web News this Week
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
March 9, 2022 04:00 pm
Original Link: https://www.theverge.com/c/22947663/justin-sun-tron-cryptocurrency-poloniex
The many escapes of Justin Sun
Justin Sun, a budding Chinese cryptocurrency mogul, walked through the shiny lofted atrium of the departure terminal at South Korea’s Incheon International Airport. It was September 2017, an early height of the crypto craze, and Sun had every reason to be nervous after his first ICO. An ICO, or initial coin offering, is like an initial public offering for a new stock. It’s the first time cryptocurrency traders have the opportunity to buy a brand-new token. But Sun wasn’t anxious about the money he stood to gain if it took off or what he’d lose if the token flopped. In fact, his company, Tron, introduced a coin called TRX — a huge success, selling out quickly for $70 million. The problem for Sun was that the Chinese government, just...
Original Link: https://www.theverge.com/c/22947663/justin-sun-tron-cryptocurrency-poloniex
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge