Well-known foreign media interviewed Justin Sun: "Green Tokens" are the future of the cryptocurrency industry, and the bull market is still

Recently, Justin Sun, founder of TRON, accepted exclusive interviews with CNBC and Bloomberg. He said that the cryptocurrency industry needs to find a permanent green energy solution, and converting tokens such as Bitcoin into "green tokens" is the direction of sustainable development of the cryptocurrency industry in the future.

Justin Sun revealed that over the past decade, the PoW consensus algorithm represented by Bitcoin has performed stably and promoted the development and growth of the cryptocurrency and blockchain industries, but it consumes too much energy. Although many miners have gradually turned to the use of clean energy, these efforts are far from enough. In recent years, projects represented by the TRON public chain have been committed to the research and development of "green tokens". The PoS consensus algorithm used can reduce carbon footprint by up to 99%, which is more advantageous than PoW because it does not require mining machines and is more energy-efficient. Therefore, it is adopted by more and more blockchain projects.

In response to Bloomberg's recent tightening of regulatory policies in various countries and questions about the energy consumption of cryptocurrency mining, Justin Sun said that in addition to policy factors, the dollar value of cryptocurrency assets has soared several times in the past few months, the market is obviously overheated, and a large-scale correction is also a normal phenomenon. Many industry practitioners have issued risk warnings before. The short-term market fluctuations do not affect the long-term vigorous development of the industry. Mainstream countries represented by China are actively planning the development of blockchain, and the scale of users is growing rapidly. Blockchain technology is still the future development trend.

It was previously reported that on May 19, when the cryptocurrency market suffered a short-term setback, Justin Sun spent $290 million to buy a large amount of Bitcoin and Ethereum, demonstrating his confidence in the long-term cryptocurrency market and predicting that the bull market is still there and that a new round of bull market may come in July and August.

At the same time, Sun Yuchen is very optimistic about the current hot topic NFT. He believes that NFT is an easy-to-implement blockchain application. At the same time, it is also necessary to see that NFT is still in its early stages of development. The number of NFT collectors will reach 1 million by the end of this year and 100 million in five years. Recently, Sun Yuchen donated works by artists such as Picasso, Andy Warhol, and Beeple to the APENFT Foundation, which focuses on innovation in the NFT field, with a total value of nearly 200 million yuan to support APENFT's innovation in "blockchain + art".

In addition, Sun Yuchen also introduced the recent development of TRON and emphasized the TRON stablecoin. He said that this year, the USDT issued by Tether on TRON has experienced explosive growth, with the issuance volume soaring from 100 million US dollars to more than 30 billion US dollars. The total daily liquidation volume of TRON version of USDT (TRC20-USDT) has reached 10 billion US dollars, which has exceeded the US version of Alipay PayPal. Based on this, Sun Yuchen expressed his confidence in the cryptocurrency industry.

In order to further strengthen the confidence in the bull market, on May 31, Tron also announced a plan for SUN.io platform to participate in staking and earn profits. It will give 5 billion SUN tokens as rewards to users participating in staking and airdrop SUN to veCRV holders to promote the development of the industry.