Tron founder Justin Sun expects to launch the next phase of the company’s $20-million buyback plan in “due time.” The blockchain entrepreneur and CEO of file sharing platform BitTorrent is also planning to reschedule his dinner meeting with billionaire investor Warren Buffett.
Tron’s multi-million dollar buyback plan was first announced on June 25, 2019. The new phase is designed to promote the ongoing development of Tron’s blockchain ecosystem. Sun’s announcement, however, met harsh criticism on Twitter where people voiced their concerns about Tron’s marketing efforts, highlighting Tron’s Tesla giveaway snafu, the cancelled lunch with Buffett, announcements of upcoming announcements, a sinking TRX price relative to other altcoins and Tron’s slide from the 11th largest cryptocurrency in the world to the 14th, as reasons for a tarnished reputation.
Sun created a lot of hype on social media after winning a charity lunch with Berkshire Hathaway CEO Buffett.
Litecoin founder Charlie Lee and eToro CEO Yoni Assia were expected to join Sun during his highly anticipated meeting with the Oracle of Omaha to support the Glide Foundation, a San Francisco-based organization that provides services for the homeless. However, Sun cancelled the dinner date due to poor health.
In statements shared with U.Today, Tron Foundation spokesperson Cliff Edwards denies a rumor that US president Donald Trump might join Sun, although Sun had extended an invitation to Trump via Twitter. Edwards says the meeting with Buffett is being rescheduled – with the same supporters and crypto entrepreneurs on board.
While supporting Glide and the Bay Area community with a charitable donation of $4.6 million, Sun hopes that a meeting with the legendary investor along with other leaders in the blockchain space will help clarify how the technology works and why it can have a major impact on businesses,