Tron Tron acquires Steemit Inc, a privately held company. After the acquisition of Steemit Inc, Tron TRON can obtain Steemit.com website, Steemit Inc social account, Steemit.com front end, Steem code copyright (MIT license), and Steem Token which accounts for 20% of the total. In simple terms, Tron TRON acquired a DApp built on the Steem public chain and transferred 20% of the Steem Tokens. According to the previous agreement, these tokens do not need to vote. The Steem blockchain is open source, and the consensus code currently running on this public chain is selected by active witnesses / block producers. Tron's acquisition of Steemit Inc does not mean it owns the Steem community.