Following in the footsteps of Sam Bankman-Fried, Changpeng Zhao or the Nexo company, it is Justin Sun who says he is ready to invest massively in certain companies in difficulty.Thus, the founder of Tron (TRX) could commit up to $5 billion in this direction, both for centralized and decentralized finance (DeFi) projects.https://cryptoast.fr/justin-sun-pret-invest-5-milliards-dollars-sauver-entreprises-difficulte/ Justin Sun ready to invest during the bear market
the bear market rather complicated period for the whole ecosystem, at least the merit of allowing to see who are the actors who are doing the best , and therefore had to be organized in order to last.A phenomenon whose contrast is amplified by the recent setbacks of the investment fund Capital of the Three Arrows (3AC), of Celsius or even of digital travel .
After Sam Bankman Fried the CEO of FTX which indicated that it had only been a few days since it contained ” a few billion available to help companies in difficulty, it is Justin Sun the founder of Tron (TRX), who calls himself ” ready to serve “.We are friends with everyone and are always ready to serve.https://t.co/WBXwG5GDqL
— HE Justin Sun 🅣🌞🇬🇩 (@justinsuntron) July 8, 2022
In an interview with our colleagues from The Block, Justin Sun said that ” a lot companies had contacted him for financial assistance.And it seems that the latter is ready to hope for funds in order to make acquisitions.
The spectrum of companies likely to interest Justin Sun and Tron would concern both centralized and decentralized finance projects (Challenge).
“Our interest is in platforms with a large user base.[…] Both CeFi and DeFi platforms.
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Asked about the amount he would be willing to invest, Justin Sun talks about an amount of several billion dollars :
“We are looking at this failing and seeing what we can do here.[…] We are prepared to spend $5 billion to help builders in the industry continue to build.»
The funds which will thus probably be paid to the companies concerned will be both from Justin Sun’s personal wallet and from Tron’s .As for Tron, the latter hired an investment bank in order to be advised on potential investments that would prove interesting.
The organization in question was not named following a non-disclosure agreement.
Finally, the founder of Tron clarified that he only visits companies ” healthy and that a process of due diligence would be conducted in order to select correctly projects that may interest him.
This announcement directly echoes those of Binance, FTX or Nexo companies that show themselves ready to invest massively and continue to recruit staff, where others see themselves in the obligation to dismiss or limit their offer of services .
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