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Market News

TRON Founder Elected as Prime Minister of Liberland

Written By Iyiola Adrian
Fact Checked by Dhara Chavda
Published October 10, 2024 11:22 PM·Updated 2 years ago
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TRON Founder Elected as Prime Minister of Liberland

Justin Sun, the founder of the TRON blockchain platform, has been elected as the new prime minister of Liberland, a small nation on the Croatian side of the Danube River.

The announcement was made on the state’s official website following the result of the blockchain-based voting system employed by Liberland’s seven-member congress, which has seven members representing around 1,000 citizens.

Sun is taking over from Vít Jedlička, a Czech politician who started Liberland in 2025. During his campaign, he shared his vision for the country, stating that “Just as Vatican City represents a central spiritual authority for Catholics, Liberland will be the heart of the libertarian movement”.

Moreover, Sun has experience in international governance. He once served as Grenada’s representative at the World Trade Organization from 2021 to 2023. He plans to use this experience to show that small governments can work, not just in Liberland, but for other countries too.

Liberland was created with the goal of having a small government. It is tax-free and supports individual freedom. Currently, 99% of its reserves are in Bitcoin. The state also has its own currency called the Liberland dollar token $LLD, which can be traded on decentralized exchanges.

However, Liberland is not recognized by any United Nations member state, and its legitimacy has been challenged by neighboring Croatia and Serbia. Despite this, it has gained support from well-known libertarians, such as Javier Milei, the libertarian president of Argentina.

Under Sun’s leadership, the new government hopes to raise the state’s micronation profile and get recognition from countries like Argentina and El Salvador.

Also Read: Justin Sun Slashes SunSwap Fees by 99% Today

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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