This year's bull market and the election are really closely linked. I didn't expect that before the US election results, Justin Sun made a big move! The results of Liberland's parliamentary elections have been released, and this micro-country has ushered in a new era. Tron founder Justin Sun was successfully elected as speaker of the parliament and was appointed acting prime minister by Liberland's president, Vit Jedlicka. It's really shocking that Justin Sun has become the head of the national government!
The election was conducted entirely through blockchain technology, in order to ensure the transparency and finality of the democratic process. In addition to Justin Sun, other well-known figures such as Ivan Lutra and Gillian Godier were also elected to the Liberland Congress. They all aim to give a boost to the country's blockchain initiatives.
Sun's election brings Liberland's extensive experience in the blockchain industry, which is consistent with Liberland's emphasis on decentralized technology. Both Sun and Lutra are new faces on the Liberland political stage and are expected to promote the country's technological innovation projects.
Still, Liberland's status is a bit controversial. The country was created in 2015 by former Czech libertarian politician Vít Jedlica, and claims a disputed territory between Croatia and Serbia. But neither of the two neighbors recognizes Liberland's existence, and some even feel it's a publicity stunt. Still, Liberland is pushing for diplomatic recognition.
Liberland’s funding comes mainly from donations, as well as the sale of passports, stamps, and coins. Almost all of this money has been invested in Bitcoin, and their own currency, the Liberland Dollar Token ($LLD), has also been traded on decentralized exchanges.
Speaking of Justin Sun, he was born in Xining, Qinghai, and grew up in Huizhou, Guangdong. He studied at Peking University and the University of Pennsylvania, and later returned to China to found Ruibo Technology and launched the mobile social app "Peiwo". In 2017, he created the blockchain project "TRON" and acquired BitTorrent.
Sun's new position is his second diplomatic post, having previously been appointed Grenada's ambassador to the World Trade Organization. While his role in Liberland is still unclear, he said he wants to apply the principles of small government to other parts of the world. He said Liberland has no taxes, a voluntary government, and a laissez-faire country that could serve as a model for other countries.
If Justin Sun is elected, will TRX become the legal currency of Liberland? This question is quite concerning.
