The well-known cryptocurrency company TRON Foundation is using every opportunity to promote its TRON token (TRX) in the industry. A platform for creating, providing and transmitting content based on decentralized blockchain technology has caught a big fish and is going to make money on it
Today, the company entered into a partnership agreement with the Chinese search giant Baidu regarding the use of cloud computing technology, which immediately caused excitement in the community.
On October 12, Justin Sun, CEO of the TRON Foundation, decided to keep the intrigue and wrote on his Twitter page that the company is going to enter into a partnership with a large company, which is valued at tens of billions of dollars.
The TRON Foundation uses excellent marketing strategies and does not miss the chance to raise the price of its token. Entering into a partnership with Baidu is one such opportunity. Moreover, investors turned a blind eye to this trick.
As soon as the community found out who exactly the company had entered into a partnership with, the price of TRX immediately increased by 10%.
"TRON will join forces with Internet services giant Baidu and will continue to offer blockchain solutions, making the technology more accessible to both users and companies," the company said on its official Twitter page.
However, it turned out that the partnership has nothing to do with the technology blockchain and concerns the provision of cloud resources by Baidu to the TRON Foundation. Many Twitter users called the company's behavior unacceptable and a misleading marketing tactic.
According to koinalert.com
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