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
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