TRON (TRX) ‘Partnership’ with Baidu has Nothing to do with Blockchain

The Tron (available on Binance) (TRX) and Baidu ‘partnership’ all started with a tweet.

Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name 😊#Tron (available on Binance) #TRX $TRX
— Justin Sun (@justinsunTron (available on Binance)) October 12, 2018

Tron (available on Binance)’s founder, Justin Sun, is notorious for vague ‘pump’ tweets and this one was no different. Tron (available on Binance)’s ICO ended at the beginning of Sept 2017, and that’s when the “wait for our next big partnership that’s coming soon” marketing tactic began. In the beginning, it was effective. Sun would post a tweet of this nature and TRX would jump in price. Eventually, investors stopped listening because the partnerships made weren’t as big as expected.

Unfortunately, when Tron (available on Binance) completed its mainnet and various other foundational milestones worthy of a price pump, investors were burnt by the project’s previous marketing tactics and didn’t purchase TRX.

Tron (available on Binance) (TRX): The Boy Who Cried Wolf?

It seems the Tron (available on Binance) team is sticking to what they know and it seems to have worked again. TRX soared 10% in price when the unconfirmed reports specified that Baidu was the ‘mystery’ partner. There has yet to be an official announcement made by either Tron (available on Binance) or Justin Sun about this said partnership.

According to the Chinese crypto news site Odaily, Tron (available on Binance) is only renting cloud server space from the Beijing-based tech giant.

The translated press release states:

“Wave Field Tron (available on Binance) will build compatibility with Baidu Cloud to build, operate and debug blockchain products to optimize compatibility and optimize the development experience.”

1/ ODaily: The ‘partnership’ between Baidu and Tron (available on Binance) is basically about Tron (available on Binance) buying cloud computing resources from Baidu. “The two parties have made no contact at the blockchain business level”.
Source(CN): https://t.co/GXu0KsbtGX
— cnLedger (@cnLedger) October 15, 2018

Criticism

Justin Sun’s “announcement of an announcement” tweets have been a long joke in the crypto space, and even Vitalik Buterin has poked fun at it. While it may be a good joke for some, others aren’t laughing.

Assuming the below is accurate, 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.’ https://t.co/MbOhaYgkvD
— Ari Paul (@AriDavidPaul) October 15, 2018

Back in January, Sun pulled a similar tactic with Tron (available on Binance)’s partnership with Baofeng. The founder called Baofeng the Chinese Netflix, but instead, it’s more of a video player software. Also, the partnership wasn’t with Boafeng, but a subdivision of the company—stretching the truth a little bit.

We will see what Tron (available on Binance) and Justin Sun have to officially say about the matter if they even acknowledge it at all.

TRX Price Movement

According to CoinMarketCap, TRX is currently trading at $0.0246 a coin, down -1.97%.

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