Justin Sun, founder of the "TRON" project, accuses the "Filecoin" team of fraud ... with an explanation of the reasons
After the official announcement of the launch of the main network of the "Filecoin" project, a new attack appeared on the project by "Justin Sun", the founder of the "TRON" project, noting that the project "Filecoin" is a fraudulent project.
"Justin Sun" appeared with his statements and accusations through tweets on Twitter in which "Sun" asked about the "Filecoin" team and how he sold 1.5 million FIL digital currencies at a high price of $ 200, which affected the price of the currency, which fell immediately after the launch.
Meaning that the sale of 1.5 million FIL by Filecoin management took place without the consent of the project community.
Sun clarified his accusations by providing evidence pointing to the sale of 1.5 million FILs on October 15, the same date that the mainnet of the Filecoin project began.
The screen shot indicates that the founder of “Filecoin” immediately transferred 800,000 FIL to the Huobi trading platform.
According to The Sun, this was the main reason behind the drop in the price of the digital currency FIL.
Since launch, the FIL cryptocurrency has already retreated more than 50% from its high of $ 116.
In addition, the hype cryptocurrency seems to be under selling pressure at the moment.
The impact of the FIL digital currency:
At the time of writing this article, the FIL digital coin is trading at $ 50.5 with a combined market value of $ 766M.
Tron CEO Sun asked investors to knock on the door of the Securities and Exchange Commission and hold the founder of Filecoin responsible for the mess he created and how this affected the currency negatively.
Although Sun attached some screenshots claiming to be evidence of the sale, he did not explain how the $ 200 price came up.
The crypto community at present remains divided over Sun's comments.
On our part in Bitcoin Arabs and as an objective, we are waiting for the official update from Filecoin on this matter and on what it will say about the accusation.
The Filecoin project makes a very strong start:
Yesterday, Thursday, October 15th, the Filecoin Project announced the launch of its main network with its original cryptocurrency FIL available for circulation.
The listing price was over $ 100, which made FIL the fastest cryptocurrency with a market value of $ 1 billion.
As a reminder, the Filecoin project provides a decentralized file storage and sharing platform.
Filecoin allows users to buy and sell unused storage space with the FIL digital currency.
But unlike cloud platforms that have a dedicated data center, Filecoin encrypts and hosts small portions of files across its distributed network across the world.
Filecoin has gained a lot of attention in the crypto world by offering the unique value of decentralized file sharing.
Adding to the media momentum about the Filecoin project is the three-year wait period since the ICO.