WBTC relaunches on TRON, but abandoned version is bigger
Justin Sun-advised wrapped bitcoin (WBTC) has relaunched on Sun-founded TRON; however, the new product has seen zero adoption, and the abandoned old version still has approximately 100 WBTC tokens. The “Transparency” page on WBTC’s website labels BTC on TRON as a “New” product using the smart contract at TYhWwKpw43ENFWBTGpzLHn3882f2au7SMi. This contract was deployed several months ago on July 23. However, the novelty of the product is questionable. WBTC launched on the TRON blockchain early in 2021. What happened to WBTC on TRON? Read more: Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose Shortly after Sun was added as an advisor to the project, this version of WBTC on TRON was removed from the WBTC website. However, the smart contract for this version, at TXpw8XeWYeTUd4quDskoUqeQPowRh4jY65, shows that it still has a total supply of nearly 100 WBTC, presumably corresponding to 100 BTC held in the reserves for thi...