Tron foundation targets key insiders to gain 51%of Challengedac!
The buying spree of the Tron foundation my not be over! The Tron foundation made headlines recently by buying Steemit inc. But sources close to the foundation stated it just finalized a deal to gain a majority stake in yet another blockchain project!
The foundation has allegedly reached an agreement with several exchanges that hold large amounts of CHL along with a few whales to give the Tron foundation a majority stake in the project with a position that will represent over 51% of the total CHL supply. The source was unable to reveal exactly how much the foundation is spending on acquiring the 51% stake in Challengedac but did indicate that the foundation had to pay several multiples more then what the token is trading at currently. The source also stated that the Tron foundation has its eyes on a few other projects but nothing has been finalized. The acquisition of blockchain projects could be a sign of the Tron foundation trying to get ahead of a bull market!