December 6, 2022

Tron Foundation Says Goodbye To Founder, But Where Is Justin Sun Going?

4 min read

Justin Sun, Tron Foundation’s founder and one of the most questionable figures in the crypto area, will leave his current position. The business owner has accepted a deal from the Government of Grenada and will work as the country’s new Ambassador to the World Trade Organization (WTO).

🎉🎉🎉< img src=" https://s.w.org/images/core/emoji/13.1.0/72x72/1f389.png" alt=" "class=" wp-smiley" design=" height: 1em; max-height: 1em;"/ >< img src=" https://s.w.org/images/core/emoji/13.1.0/72x72/1f389.png" alt=" "class=" wp-smiley "design =" height: 1em; max-height: 1em;

“/ >< img src= "https://s.w.org/images/core/emoji/13.1.0/72x72/1f389.png" alt=" "class= "wp-smiley" style=" height: 1em; max-height: 1em;"/ > Congratulations @HEJustinSun on his consultation as Ambassador, Permanent Representative of Grenada to the World Trade Organization. @WTO #WTO Minister of Foreign Affairs Oliver Joseph with H.E. Mr. Justin Sun< img src=" https://s.w.org/images/core/emoji/13.1.0/72x72/1f447.png" alt="" class= "wp-smiley" design=" height: 1em; max-height: 1em;"/ >< img src=" https://s.w.org/images/core/emoji/13.1.0/72x72/1f447.png" alt="" class=" wp-smiley" style=" height: 1em; max-height: 1em;"/ > pic.twitter.com/q3mdUULqa3– GrenadaWTO< img src=" https://s.w.org/images/core/emoji/13.1.0/72x72/1f1ec-1f1e9.png" alt="" class=" wp-smiley" style=" height: 1em; max-height: 1em; "/ >( @GrenadaWTO) December 17, 2021 The TRON creator was received

by Grenada’s Minister of Foreign Affairs, Oliver Joseph, as seen in the image above. Due to his new position, Sun will now be referred to as his excellency as revealed through a new Twitter deal with. Related Reading |

Tron Founder Justin Sun Purchases Joker Inspired BAYCTron For A Record $15 Million Sun stated: I have actually accepted the invite and consultation of the Grenadian Gov. to formally work as the Ambassador, Permanent Representative of Grenada to the World Trade Organization in #Geneva. I will be working in complete capacity to represent Grenada’s nationwide interests (…). In his personal account, the Tron Founder shared an open letter to his neighborhood and

talked about the significance of establishing a relationship in between regulators and the crypto industry. While highlighting the benefits for” all humanity “in developing an” endless, decentralized “financial facilities, Sun likewise said: Sovereign states are the most fundamental building blocks of the world

order. The due acknowledgment of the blockchain market by sovereign states will be the final turning point towards attaining a truly decentralized financial facilities. According to a Bloomberg report, Sun has actually been residing in Grenada considering that 2019 and will start moving away from any crypto jobs. Sun will exercise his functions at the WTO Headquarters in Geneva, Switzerland. TRON Without Sun, Where Is The Network Going? The business owner has actually been the item of much

controversy. His background, the method the TRON Network was introduced, and his supposed centralization, almost every element of Sun’s life has been at the center of the argument. Upon his departure from the Tron Foundation, Sun stated the network as “essentially decentralized “. The company itself was obviously liquified on July 25, 2021, Sun stated the following: The” justinsuntron,”” BitTorrent,” and” µTorrent,” have formally withdrawn from TRON representatives. Rather

, the whole TRON network is now run by 27 SRs hosted by the neighborhood. In that sense, Sun thinks TRON has actually gotten in a new age of decentralization and called his fans to” embrace the decentralize future”. (6/6 )< img src=" https://s.w.org/images/core/emoji/13.1.0/72x72/1f4aa.png "alt ="" class= "wp-smiley" style=" height

: 1em;💪max-height: 1em;”/ > I do not doubt that #TRON has embarked on a brand-new phase of true decentralization.

🙌< img src =" https://s.w.org/images/core/emoji/13.1.0/72x72/1f64c.png" alt= "" class=" wp-smiley" design=" height: 1em; max-height: 1em;"/ > In the brand-new age, blockchain technology will allow a decentralized financial facilities for all people! So let us embrace the future together!

—– Justin Sun< img src=" https://s.w.org/images/core/emoji/13.1.0/72x72/1f31e.png" alt="" class=" wp-smiley" style=" height: 1em; max-height: 1em;"/ > (@justinsuntron) December 17, 2021

The Bloomberg post declares Sun acquired some prestige in 2020 after he participated in a charity auction and won a dinner with legendary financier Warren Buffett. The supper apparently triggered some stress between Sun and the Chinese federal government, although these reports just remained as speculations.

The Tron creator has actually been around for a lot longer in the crypto area, as the mainstream media failed to report. He has been involved in arguments with Vitalik Buterin, the innovator of Ethereum, and other figures.

In addition to that, Sun faced a lawsuit from previous staff members at BitTorrent. The plaintiffs implicated Sun of harassment and other violations in the work environment. Whether Sun will bring the very same level of debate as in the crypto space to the WTO Headquarters just time will inform.

Associated Reading|Justin Sun Offers $50M Dogecoin For TRX And BTT SpaceX Satellite Launch

As of press time, TRX trades at $0,07 with a 7.5% loss in the past day.

TRX on a downtrend in the 4-hour chart. Source: TRXUSDT Tradingview