NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: OG Bitcoin Whales Dumping Assets: Chart Reveals Significant Sell-Off Activity
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: OG Bitcoin Whales Dumping Assets: Chart Reveals Significant Sell-Off Activity

Tron Project Accused of Misleading Developers in $1 Million Dapp Contest

Davit Babayan
Davit Babayan
Last Updated: January 13, 2019 8:00 pm
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Was Tron’s famous $1 million blockchain dapp development competition a con trick? The question is currently doing the rounds on social media these days.

Redditor 9HIL collected pieces of evidence that show that Tron was misleading participants. The independent investigator substantiated that Tron firstly delayed its winner announcement and then changed prize payouts. For instance, the lowest winning of $5,000 was, at the last moment, slashed to $1,000. At the same time, the total number of winners was increased from 56 projects to more than 100.

9HIL provided the copy of an email that Tron allegedly sent to contestants. It read:

“Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned.”

Many contestants reached out to the Tron Accelerator program’s officials with their discontent. One Super Representative (SR), which are democratically elected governors in the Tron network, said that he doesn’t believe that dapp contest winners would receive their full winnings. Excerpt from his statement:

“Nobody even knows that they’ll pay out the full 1,000,000 [USDT] I can guarantee they won’t. They didn’t pay out the full amount last competition.”

The SR also said Tron cut prize amounts not because of more contestants entering the competition but because of their tendency to payout the amount in full.

A $200k Winner Who Doesn’t Exist?

An apparent absence of big winners has also raised concerns among the participants. 9HIL found that the dapp developers who won $1,000 prize money are not coming out in open while an entity who announced that it earned $200,000 via its Instagram channel was unfindable on the rest of the internet.

“Don’t bother trying to google it, nothing will come up,” the Redditor wrote. “All we were able to find about this mysterious project was [an] embarrassingly empty GitHub with only [three] commits and https://stokenstudio.firebaseapp.com/. The smart contract code is nonexistent, and if the website is even doing anything, it appears to be on Shasta testnet.”

The GitHub account mentioned above allegedly went private one day after 9HIL made accusations against the Tron team. Upon analysis, one of the SR candidates also found that winner’s “dapp” was just a Microsoft word plugin. Investigators couldn’t locate it on the mainnet even when Tron Accelerator had asked entrants to put their dapp on it.

Copy-Paste Projects Won

Ethereum developers ported their dapps on the Tron mainnet to participate in the competition. One developer decided to port his ‘Shrimp Farm’ project from Ethereum to Tron as an experiment. A participant allegedly cloned the said project and submitted it as his own to the Tron competition. With both the projects in the contest, Tron reportedly selected the clone as the winner.

“Surprisingly, although Tron Shrimp had the most volume, users, and [transactions], it did not win a prize,” wrote 9HIL. “BUT ONE OF THE CLONES OF THIS CLONE DID! The Anthills developer “DIEGO” posted to his community that he was one of the winners!”

One of the judges, Vincent Niu from Dapp Review, admitted that while there was a “screening” round for all the dapps, he didn’t get to review all. He clarified being contacted to study some 40 dapps which he assumed was “for the big prize.”

On the other hand, Tron Accelerator sent emails to all its participants, saying that they had selected all the winners.

The Tron team has not posted any clarifications on the accusation yet. NewsBTC will continue to monitor the story for more updates.

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Bear Market Is Fading as a Famous Short Closes Out: Why Bitcoin Hyper ($HYPER) Could Run Next

Bitcoin Bear Market Is Fading as a Famous Short Closes Out: Why Bitcoin Hyper ($HYPER) Could Run Next

What to Know: James Chanos closed his $MSTR/$BTC short position, a sentiment shift that often precedes broader risk-on phases for...

Elena Bistreanu 56 minutes ago
Dogecoin news

Dogecoin Price Set For 1,200% Rally To $2.2 In This 3rd Run

So far in history, the Dogecoin price has seen two major price rallies that have led the meme coin to...

Scott Matherson 3 hours ago
baccarat-winning-methods-casino-manager-ten-years-insights-tw

百家樂真正的贏法:賭場經理十年觀察,玩家從來不是輸在規則

在賭場做久了,你會明白一件比任何攻略都更赤裸的真相:百家樂之所以能成為全球最吸金的遊戲,不是因為它簡單,而是因為所有玩家都相信自己能贏。我每天看著成千上萬的下注,輸家的表情、贏家的興奮、追龍的衝動、逆...

newsbtc 1 hour ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Next 1000x Crypto? Maxi Doge Nears $4M as XRP ETF Buzz Builds

Next 1000x Crypto? Maxi Doge Nears $4M as XRP ETF Buzz Builds

Aaron Walker 16 minutes ago
Bitcoin Extends Decline

Here Are The Bitcoin Whales That Have Been Dumping BTC And Crashing The Price

Sandra White 23 minutes ago
best wallet

Best Wallet Token – samo še 3 tedni!

tanjapotocnik 34 minutes ago

Premium Sponsors

Press Releases

  • シバコイン 今後の価格予測:動きがない今こそ注目すべき理由

    シバコイン...

    2 days ago
  • 仮想通貨おすすめ:ドージコインが0.20ドルを下回る中で注目される新たな投資先

    ...

    2 days ago
  • 新しい仮想通貨:11月のミーム市場で「100倍ロケット」が期待される注目トークンとは

    ...

    2 days ago
  • アルトコイン市場注目銘柄:革新性と実用性で際立つ次世代プロジェクト【2025年版】

    ...

    2 days ago
  • 仮想通貨投資2025:次にブレイクする注目の新興アルトコインとは?

    ...

    2 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.