- Justin Sun is committed to building a platform that prioritizes users over profit.
- Tron Network founder is working towards creating a platform with a 100% margin and only earns commissions.
- The platform’s model is a service fee model, and it does not gamble with users.
Justin Sun, the advisor of Huobi and founder of the Tron Network, has reaffirmed his commitment to building a platform that prioritizes its users over profit. He stated that those who disagree with his point of view are free to find a platform that offers long and short-trading options and free wealth forever.
He continues by saying he is working towards creating a platform with a 100% margin and only earns commissions. Although the plan may be slower, Sun believes it will prove more sustainable in the long term. Sun says:
This road may be slow, but in my opinion it should last longer.
These statements are allegedly part of a thread posted by Justin Sun on Twitter, where he opens up on uncertainties about Huobi’s strategic purpose.
According to him, the platform never encourages users to use high or long-term leverage to shorten or go long. According to him, this strategy has long been thought to be a 100% loss of all principals. He adds:
This is determined by the mathematical strategy itself. If you go in the right direction of wealth freedom, or if you go in the wrong direction, you will not be able to go on the road of rights protection platform because the platform’s model is a service fee model, and it does not gamble with users.
Moreover, according to Sun, 99% of users have accepted the compensation plan offered by the company. However, a small percentage of users, around 1%, have opted to avoid taking the solution. The company has stated that this is the limit of what they can do to ensure that users are fairly compensated.
In other related reports, Justin Sun was reportedly sued by the U.S. Securities and Exchange Commission for allegedly violating securities regulations.