The founder of Tron Foundation, Justin Sun, has stated that a $100,000 Tron loan has been earmarked for the ‘Discovery of Your Brilliance’ in the community to enhance Tron Foundation.
In a message shared on socio-blogging platform, Medium, Sun said the Tron Loan will reflect the team’s unflinching support for the community, it will also boost the ecosystem of Tron.
The $100K loan is earmarked for the developers to resolve the budget shortage and subsequently support R&D and operations. According to the information, the loan is to be disbursed within 6-24 hours for projects centered on DApps, high-quality utility applications, among others.
“If the project completes a new round of financing, the loan of $100K will be converted to its equivalent in equity at 80% of the company’s new valuation amount,” the message reflects.
The statement adds that Tron can “repay the principal balance in USD or mainstream digital assets within the first 18 months, interest-free”
However, those who have interest in the loan are told to apply through Tron’s official email revealed for the special purpose alone.
Tron Welcomes Mike Liu
The Tron community is basking in euphoria after the team announced the ‘newest technical team member, Mike Liu.
Mike was a senior engineer at JD.com with specialization in building and optimizing smart contracts and other modules.
A statement by the foundation made known that Mike is an extremely talented blockchain engineer with demonstrable potential in Hyperledger and Ethereum projects.
The Engineer will provide a whole new level of support Tron’s mainnet launch and will be a great foundation for TRON’s continued development all-round the year.
“Mike holds a BS in Electronics Information Science and Technology from Tsinghua University. Prior to TRON, Mike accumulated several years of experience in blockchain technology research and development working for Jiangsu Institute of Computing Technology and JD.com, where he was responsible for blockchain R&D.”
On joining the foundation, Mike said, “I started learning about TRON during my time at the Jiangsu Institute. I’m really happy to be part of the TRON team and working with so many talented blockchain engineers. I will use my strengths to their full potential and do my part in helping TRON create a global, decentralized Internet ecosystem.”