Oct 13, 2018 at 17:46
Oct 13, 2018 at 17:48 UTC
TRON (TRX), which is currently the eleventh largest cryptocurrency in the world, might just be the newest addition to China’s Google, Baidu. According to speculation first released by Coinness via a tweet, China’s Internet Giant might have already sealed the deal to bring Tron onboard in a private correspondence with TRON’s team. Following is the aforementioned tweet.
The Tron team told https://t.co/reZ2fjHrZq that a partnership had been confirmed between Tron and China’s IT giant Baidu, which will be officially revealed by Baidu Cloud next week.
— Coinness – Real-time Crypto Market Index and News (@coinness) October 12, 2018
Neither of the two parties have confirmed the news as of yet but according to market speculation, they might be officially announcing the collaboration by next week. TRON’s CEO Justin Sun had recently tweeted about a secret partnership which is in the making, with an “industry giant” that he did not disclose. He tweeted:
“Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name.”
Going by the details mentioned by Sun, it seems Baidu is the only possible conclusion here. TRON launched its open source protocol back in December 2017 but was already established in Singapore, in July of that year. TRON’s members have previously worked with giants like Alibaba, Tencent and Baidu.
Previously in September, TRON announced its partnership with BitTorrent, and the tie up was termed “Project Atlas.” Under this partnership, users of BitTorrent were eligible to receive rewards in TRON for seeding torrent files.
TRON’s previous clients, Alibaba and Tencent recently got Baidu onboard in August. Their agenda for this partnership was to enforce new anti-crypto policies which would be alligned with China’s tough stance on crypto. Baidu is heping the firm crackdown on two well known crypto forums under the justification that it’s laws are in compliance with “relevant laws, regulations and policies.”
Although this news still remains unconfirmed, all the signs indicate that this might actually be happening.