TRON founder Justin Sun has announced that he will be giving away $1.2 million to 100 people next year to support U.S. presidential hopeful Andrew Yang’s universal basic income (UBI) program, in addition to kicking off a 50,000 TRX ($75K) giveaway for users of the cryptocurrency’s Telegram group.
Sun Supporting Andrew Yang’s UBI
Sun, who paid $4.6 million earlier in the year to host a charity lunch with Warren Buffett, has now pledged to give $1.2 million to 100 people in 2020. TRON’s founder also announced that one of the 100 selected for the giveaway will be invited to his charity lunch, which was originally postponed after Sun came down with kidney stones.
Sun has asked U.S. presidential candidate Andrew Yang for assistance in the selection process. Yang, who has a background in entrepreneurship, has built his campaign upon the idea of universal basic income (UBI), which would guarantee U.S. citizens a monthly stipend. In addition to championing the idea on the campaign trail, Yang has pledged to distribute $1,000 per month to 10 people for the next year.
Yang’s initiative to UBI $1k to 10 ppl per mth for 1 yr, I’ll pledge UBI $1k to 100 ppl per mth in 2020! I’ll pick 1 to attend lunch w/ me & @WarrenBuffett 2020! I’ll let Yang assist me in picking the lucky 100! Join us! #YANG2020 @AndrewYang https://t.co/YQFnXwXtuf
— Justin Sun (@justinsuntron) September 13, 2019
Sun has taken the movement a step forward, by pledging to support 100 people at $1000 per month for the entirety of 2020.
TRX Telegram Giveaway
In addition to promoting UBI and Andrew Yang’s cause, Sun also announced the start of a 50,000 TRX giveaway, worth $75K, for community members using TRON’s telegram channel. According to tweets published by Sun and the TRON Foundation on Sept. 16, TRON supporters can gain TRX by joining and inviting others to the coin’s official Telegram group.
Hey #TRONICS, join the campaign and invite your friends to join #TRON official telegram group https://t.co/OlKqd7rShl to share 50,000 #TRX! The more people you invite, the more $TRX you will get. https://t.co/Ti3yySNvJF
— Justin Sun (@justinsuntron) September 16, 2019
In order to qualify for the promotion, users will need to engage in a conversation with the @TRONEnBot through the telegram application. From there, the TRX payout will be tied to the number of invited users who join the Telegram group. The first and second place prize are worth 5000 and 2500 TRX, respectively, with the remaining 32,500 TRX being split among the rest of users.
Invite friends to the #TRON official telegram group to share 50,000 #TRX!
How to participate:
1⃣Join the Telegram group—https://t.co/38nJImCe33
2⃣In the group, start a conversation with bot(@TRONEnBot)
3⃣Invite friends to the TRON telegram group
— TRON Foundation (@Tronfoundation) September 16, 2019
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