Tron Accused of Misleading the Public After a “Partnership” with Baidu Turned Out to be a Purchase of Cloud Computing

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“Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name,” Justin Yuchen Sun, Tron’s founder, said on October 12th.

So launching a rumor mill that settled on China’s Google, Baidu, with a news feed website stating on the same day:

“Exclusive: Tron to Cooperate with China’s IT Giant Baidu. The Tron team told CoinNess that a partnership had been confirmed between Tron and China’s IT giant Baidu, which will be officially revealed by Baidu Cloud next week.”

Today, however, Chinese media is reporting the “partnership” is nothing more than the purchase of Baidu cloud computing. A China based cryptonian said in a translation of local media:

“The ‘partnership’ between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. ‘The two parties have made no contact at the blockchain business level.’

According to the ODaily: recently, Baidu Cloud and Tron have reached cooperation in the field of basic cloud business. Tron will build, operate and debug blockchain products based on Baidu Cloud in order to ensure compatibility and optimize development experience.

However, Baidu and Tron have not yet formed any connection at the blockchain business level. Currently the cooperation mainly focuses on the purchase and use of (Baidu’s) basic cloud computing resources.

Baidu will actively provide their blockchain solution with their soon-to-release blockchain commercialization super partner plan v1.0. The plan is about tech exploration and revenue sharing with their commercial ‘super partners’ using Baidu’s ‘out-of-the-box’ blockchain solution.”

In other words, Trustnodes is happy to announce we just partnered with Google after deciding to incorporate Adsense (never gone happen.) Or as Ari Paul, a hedge fund manager, says:

“This deserves to be called out as misleading marketing. If I buy a computer with Microsoft Windows installed, I should not claim to have partnered with Microsoft without clarifying the limited nature of the ‘partnership.’”

To be fair to Tron however, at least they did not claim to have partnered with IPFS after copy pasting their whitepaper. Nor did they claim to have partnered with ethereum after copy pasting their EVM, or with EOS after copy pasting their DPOS.

Calling “partnership” the purchase of a computer, therefore, might be one of the less misleading “claim.” Not that we are in any way neutral as we just partnered with Tron after downloading their wallet (edgynodes s/arcasm).

Copyrights Trustnodes.com

 

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Brad

The market cap of many of these companies is very mysterious.

David

Chinse hustlers – Crypto style