This year's bull market is closely related to the election. I didn't expect that before the US election was settled, Sun Ge had already made a big move! The results of the blockchain-based Liberland parliamentary election have been announced, marking a new era for this micro-country. TRON founder Justin Sun stood out and was appointed acting prime minister by Liberland President Wit Jedlicka. Sun Ge will be the head of the national government in the future, which is amazing! What I am most concerned about is whether Sun Ge's election will make $TRX the country's legal currency? This time it's really big.

Justin Sun elected Speaker of Liberland’s Parliament, appointed acting Prime Minister

The Liberland parliamentary elections were conducted entirely through blockchain technology and are seen as a step towards ensuring the transparency and finality of the democratic process. Justin Sun, a well-known entrepreneur and founder of the Tron network, was elected as speaker of the parliament and will also serve as acting prime minister.

In addition to Sun, other prominent figures, including Ivan Lutra and Gillian Godier, were elected to the Liberland Congress, a move that aims to add strength to the country’s blockchain initiatives. Sun’s victory brings a wealth of experience in the blockchain industry to the country, in line with Liberland’s focus on leveraging decentralized technology.

As new faces on the Liberland political scene, Justin Sun and Lutra are expected to promote the country's technological innovation projects, according to the announcement. The re-election of senior members Navid Sabelin, Dorian Stern Vukotic and Michal Putanik further consolidates the combination of innovation and stability in Congress.

Bitcoin dominates Liberland’s foreign exchange reserves;

However, Liberland is not recognized by any UN member state, and its neighbors Croatia and Serbia refuse to acknowledge the country's existence. Some have even speculated that the microstate may be a publicity stunt; nonetheless, Liberland has been working hard to gain diplomatic recognition, trying to win favor with Argentina, El Salvador, and Somaliland. Even the Argentine president has publicly praised Liberland.

Liberland's funding comes mainly from donations, and it also sells passports, stamps and coins. Almost all of the funds are invested in Bitcoin, and its national currency, the Liberland Dollar Token ($LLD), is already traded on decentralized exchanges;

The status of Liberland remains controversial. Liberland is a microstate created in 2015 by former Czech libertarian politician Vít Jedlica. Liberland claims 7 square kilometres (2.7 sq mi) of land called Gornja Sigja on the west bank of the Danube between Croatia and Serbia. The area is a disputed territory that emerged after the breakup of Yugoslavia and is claimed by neither Croatia nor Serbia.

According to public information, Sun Yuchen was born in Xining, Qinghai in July 1990, grew up in Huizhou, Guangdong, and studied at Peking University and the University of Pennsylvania, an Ivy League school in the United States. In 2014, Sun Yuchen returned to China to establish Ruibo (Beijing) Technology Co., Ltd., engaged in the development of decentralized clearing system products, and then pioneered the concept of "voice value social networking" and launched the mobile social app "accompany me". In July 2017, he created the blockchain project "TRON". On July 24, 2018, Sun Yuchen announced that TRON had successfully completed the acquisition of BitTorrent and all its products.

It is worth noting that in February 2015, Justin Sun announced in a high-profile manner that he had received an admission letter from Lakeside University, a "non-academic physical university" founded by Jack Ma, and became one of the first students of the school. Since then, he has often called himself the youngest "Jack Ma disciple."

However, Sun Yuchen is more famously known as the "Jia Yueting of the cryptocurrency world."

In the second half of 2017, Sun Yuchen created the project "TRON", which claimed to use blockchain technology to build a global decentralized free content entertainment system, and its business model was to issue coins. At that time, TRON, which was questioned as a "virtual coin", insisted on raising 400 million yuan through ICO.

Sun's new position as prime minister follows his second diplomatic post, being named Grenada's ambassador to the World Trade Organization from 2021 to 2023. His role in Liberland remains rather vague, but Sun said he hopes to apply the principles of small government to other parts of the world. Sun noted that Liberland has no taxes, a voluntary government and a laissez-faire style of state, which could serve as a model for other countries.

The material in this article comes from public information on the Internet $TRX