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A slap in the face to Justin Sun: Most Tron applications are gambling projects, and the content of the Paiwo App is sexually explicit

Justin.Sun 2025-9-29 17:49 5297人围观 TRX

|Author of Sanyan Finance (sycaijing)|Zui Dun Recently, after TRON founder Justin Sun bought Buffett's lunch at a sky-high price, it has become the focus of many parties' attention, and the related debates have been very heated. Among them, the “confronta


Produced by Sanyan Finance (sycaijing)

Author|Zui Dun



Recently, since Justin Sun, the founder of Tron, bought Buffett’s lunch at a sky-high price, it has become the focus of many parties’ attention, and the debate related to it has been aroused.

Among them, the “confrontation” between Sogou Wang Xiaochuan and Sun Yuchen attracted the most attention. A few years ago, Wang Xiaochuan once called Sun Yuchen a liar in a program recording, and Sun has always been worried about this.



Sun Yuchen posted on Weibo that the mainstream media in mainland China misunderstood Tron because they did not understand the actual business structure of Tron.

He said that Peiwo App is legal and compliant. Only 5% of Tron’s business is located in mainland China, and the remaining 95% is mainly located in more than 100 countries and regions around the world.

He also mentioned that Tron has three million users and 500 Dapps. BitTorrent has one billion installed base and 100 million active users, located in more than 100 countries and regions around the world.



Finally, he said to the media, "Just because you can't see it, it doesn't mean it doesn't exist."

In this case, let’s take a closer look at what he said to see what “exists”, whether the media misunderstood him, and whether Wang Xiaochuan’s evaluation of him is appropriate.



Tron is accused of white paper and code plagiarism

Justin Sun: The white paper was originally in Chinese, and plagiarism was due to translation issues

First of all, let’s start with Tron, which he has always been proud of, saying that its market value exceeds Sogou.

Everyone in the blockchain circle knows that Justin Sun once “quarreled” with Vitalik Buterin, the founder of Ethereum, on Twitter.



In March 2018, the TRON testnet was launched. In order to build momentum for TRON, Justin Sun listed 7 reasons why TRON is superior to Ethereum, including TPS, handling fees, underlying language, etc., and challenged Vitalik Buterin on Twitter.

Vitalik Buterin responded that on top of these 7 items, an 8th item should be added: Ctrl+C and Ctrl+V are more efficient than typing new content on the keyboard, pointing directly at TRON code plagiarism.

Vitalik Buterin’s remarks are not groundless.

In fact, before the two started fighting each other, Tron’s white paper was found to be plagiarized.





It is said that the TRON white paper partially copies the frameworks of Ethereum and Kademlia, and partially copies the white papers of IPFS and Filecoin. In the proof examples given by netizens, TRON's paper can even extract charts from Filecoin's charts.

After Juan Benet, the founder of the IPFS project and Protocol Labs, learned of the incident, he posted a photo on Twitter, claiming that at least 9 pages of the English version of the "TRON" white paper were copied from IPFS or Filecoin documents.

After Justin Sun was questioned on Tron, he once explained to the public that the original version of the white paper was in Chinese and the English was translated by volunteers.

But what is puzzling is that the plagiarism of the chart does not seem to involve language issues.

In addition, Justin Sun also announced the GitHub code of Tron. However, after the code was made public, Tron was "caught" again.

In June 2018, researchers at Digital Asset Research (DAR) said they had discovered multiple instances of code copied from other projects in the Tron codebase. It said that Tron developers may have plagiarized Ethereum code in other projects and modified the file name, making the source of the code difficult to identify.



80% of the top 30 apps are gambling

Provide Chinese interface

Directly accessible in most countries

Justin Sun said that there are 500 Dapps running on TRON, and he seems to want to use this number to emphasize that its public chain is quite practical.

But what are these 500 Dapps?



According to statistics from the Dapp Data SpiderStore website, 72.89% of all Dapp applications in TRON are betting. Among the top 30 most active applications, there are 24 betting categories, accounting for 80%.



What is a guessing game? Gambling is actually the translation of Gambling in the Chinese version of the website. Baidu Translation shows that the real translation of the word Gambling should be "gambling".

So, are these Dapps really involved in gambling? It's true.

The editor selected the top Dapps with the highest activity and found that they can all be accessed directly in China, all provide Chinese interfaces, and they are indeed online gambling.





TronFun's lottery, dice gambling, and sports betting business



TronFun’s lottery business interface



Crazy Dogs’ dog betting business







TronWin has a wide range of online gambling

On the SpiderStore website, we can find that the top five active Dapps are all gambling.

PlayFun, which ranks first, currently operates lottery business, and is also expected to launch dice gambling and football betting businesses.

Crazy Dogs, ranked second, changed the popular horse racing betting in Hong Kong into "dog betting".

TronWin, ranked third, provides a variety of online gambling services. It can be seen from one of the records that a user has bet more than 14,000 TRX, which is worth more than 3,000 yuan based on the current market price.





In addition, according to SpiderStore statistics, most of the active users of Tron’s Dapp are indeed using these gambling Dapps. At the same time, the highest relevant transaction volume has reached the level of 100 billion TRX, which is 20 billion yuan based on the current market price.

In other words, in addition to the well-known currency speculation function, the main business of Tron, which Justin Sun is proud of, is actually an online casino, and it is a casino that domestic users can directly access.

So, the credibility of Justin Sun’s statement that “only 5% of the business is located in mainland China” is really worrying.


Going to sea to escape evacuation

Still recruiting development operators in China

Is Tron legal and compliant?

On September 4, 2017, seven ministries and commissions jointly issued a notice defining initial coin offerings as illegal financing without approval. This regulation requires that organizations and individuals that have completed token issuance financing should make arrangements such as liquidation and withdrawal.

Tron, which had previously completed its initial coin offering, did not withdraw from the company, but chose to go overseas to escape. Is this legal and compliant?





In addition, the search found that Ruibo (Beijing) Technology Co., Ltd., where Sun Yuchen is the CEO, is still recruiting in Beijing recently. Related positions include game planning, overseas product operations, CEO assistant, administrative director, blockchain engineer, etc.

The company introduction for these positions is "TRON".

Doubt: As a project prohibited by domestic orders from issuing coins, is Tron’s recruitment of office staff in China legal and compliant?

At the same time, the project is likely to still serve some domestic users. Is such an operation legal and compliant?



Paiwo App is still involved in pornography after being named by Xinhua News Agency

The homepage recommends pornographic and explicit content in the live broadcast room

Justin Sun said on Weibo that the Accompaniment App is legal and compliant.

However, Sanyan Finance discovered that as early as June 2018, the App was named by Xinhua News Agency for providing pornographic audio and video services, and many media reprinted the matter.



According to the original text of Xinhua News Agency: "Reporters discovered on an audio live broadcast platform called Paiwo that an anchor publicly conducted live audio broadcasts with provocative content through the radio function. During the process, the anchor continued to encourage listeners to "swipe gifts". In just a few minutes, the anchor received more than 1,000 yuan in "rewards." There are more than 3,400 people listening online. ”

So more than a year later, what is happening now with this pornographic app that was once named by Xinhua News Agency?



According to Weibo netizens, the Paiwo App has been filled with pornographic information for several years and even openly trades paid pornographic escorts. It was not until after the lunch with Buffett was announced that the pornographic content was removed. And he had previously recorded videos and audio recordings to prove that the companion app was involved in pornography.





The test found that the problem of pornography still exists.

In an audio live broadcast room recommended on the homepage, I heard an explicit conversation.

In other words, there are also problems with the legality and compliance of Sun Yuchen’s so-called companion app.

Finally, as for the so-called BitTorrent, it is actually a project he acquired. The so-called 1 billion installed capacity and 100 million active projects are mainly due to the accumulation of the project before its acquisition and have little to do with him.



There is really no comparison between Sun Yuchen and Wang Xiaochuan

Justin Sun has publicly stated recently that there is no comparison between himself and Wang Xiaochuan.



“My identity is an entrepreneur, and Wang Xiaochuan's essence is still a migrant worker. ”

“My company and our Tron were built from scratch. After all, Wang Xiaochuan’s Sogou is owned by Zhang Chaoyang. So from this perspective, our two identities are not completely comparable. ”



At the same time, there is also a voice on the Internet that the stock market and the currency market are both scams. Xiaomi, Meituan, and Ruhan are also cutting leeks when they go public. Sogou's stock price is also sluggish, and Wang Xiaochuan is no more noble than Sun Yuchen. Such remarks have been recognized by some people.

In this regard, Sanyan Finance believes that this view only sees the financial aspect and does not see other aspects. And even in financial terms, the view is incomplete.

The stock market and the currency market are indeed markets where buyers and sellers trade freely, and the so-called "cutting leeks" behavior is inevitable. However, the currency market lacks supervision and its risks are much higher than those of the stock market.

When discussing financial markets, not even considering the most basic concept of "risk" in financial markets. Such remarks are too superficial. It can be said that it has not even reached the entry level of finance.

In addition to the financial level, for a real enterprise, we should consider it from its product level.

For companies such as Xiaomi, Meituan, and Sogou, their product level significance is much higher than that of the financial market. Xiaomi mobile phones, Meituan Waimai, Sogou input method and browsers, none of them have brought real convenience or benefits to people’s lives. Ordinary people can benefit from the products of these companies even if they do not speculate in stocks.

On the other hand, Justin Sun, whose so-called "95% foreign operation" Tron project, in addition to high-risk currency speculation at the financial level, is mainly engaged in online gambling, which is harmful and explicitly prohibited by the state. The Peiwo App operated in China still involves pornography.

For such a person, Wang Xiaochuan would never compare himself with him. In fact, it has always been Sun Yuchen who took the initiative to compare himself with Wang Xiaochuan, and then slapped himself in the face and said "there is no comparison."

Therefore, is the so-called misunderstanding of Justin Sun by the media and traditional celebrities caused by "not knowing", or is it caused by the attributes of Sun's own business and personal image?

And how credible is what he said?

Wang Xiaochuan said he was a liar. Did he not understand him well or had he already seen through it?

What do you think?






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