June 04, 2019 | AtoZ Markets - Justin Sun Tron (TRX) CEO has won an eBay charity auction to have lunch with investor and well-known crypto opposer Warren Buffett. Why the founder of one of the largest blockchain-based operating systems did this, reportedly biding a record-breaking $4,567,888 to win the eBay charity auction?
About eBay charity auction in a brief
The famous charity auction has been held by Warren Buffett for the past 20 years. Since 2000, the U.S. business magnate, investor, speaker, and philanthropist Buffett, has already raised about $34.2 million in 20 annual auctions.
The funds were allegedly raised for the Glide Foundation, a charity in San Francisco’s Tenderloin district that focuses on fighting injustice and inequality on behalf of economically deprived and oppressed communities in need, including the homeless, those from ethnic minorities or of LGBTQ orientation. Warren Buffet’s first wife Susan introduced him to Glide after volunteering for the charity.
In 2003 Buffet moved to “eBay for Charity” platform which enables eBay’s online community members to support their chosen charities.
Usually, Buffet and the winner of the auction have their lunch at Smith & Wollensky steakhouse in New York City. The restaurant has been hosting the event since 2004 and also donates at least $10,000 to Glide each year.
According to the press release, the eBay charity auction winners can bring seven of their friends and order anything they’d like from the a la carte menu. Dishes range from a $59 cold water lobster tail to a $49 sirloin.
What intentions stand behind Tron founder’s win in eBay charity auction?
The crypto community cannot stop talking about the upcoming Tron founder lunch with Warren Buffet. The main subject of the discussion is why the blockchain company’s CEO Justin Sun decide to have lunch with a person who believes in a bad end of crypto and calls Bitcoin a bubble.
Although Buffett once compared bitcoin to "rat poison squared," he has made more positive comments in regard to blockchain.
In his statement, Sun emphasized the importance of contributing to a foundation whose work provides holistic programs for the local community. He outlined, that bidding on the eBay charity action was a key priority for both BitTorrent and Tron’s teams.
In her turn, Karen Hanrahan, CEO, and president of GLIDE foundation noted that of Sun’s contribution would be used “to help people overcome barriers such as homelessness, addiction, hunger, and social isolation and reach their full potential.”
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