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

Reynaldo Marquez
Reynaldo Marquez
3 years ago
3 mins read
Tron TRON TRONUSDT

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Justin Sun, Tron Foundation’s founder and one of the most controversial figures in the crypto space, will leave his current position. The entrepreneur has accepted an offer from the Government of Grenada and will work as the country’s new Ambassador to the World Trade Organization (WTO).

🎉🎉🎉Congratulations @HEJustinSun on his appointment 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👇👇👇 pic.twitter.com/q3mdUULqa3

— GrenadaWTO 🇬🇩 (@GrenadaWTO) December 17, 2021

The TRON founder 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 announced via a new Twitter handle.

Related Reading | Tron Founder Justin Sun Purchases Joker Inspired BAYCTron For A Record $15 Million

Sun said:

I have accepted the invitation and appointment of the Grenadian Gov. to officially serve as the Ambassador, Permanent Representative of Grenada to the World Trade Organization in #Geneva. I will be working in full capacity to represent Grenada’s national interests (…).

In his personal account, the Tron Founder shared an open letter to his community and talked about the importance of developing a relationship between regulators and the crypto industry. While highlighting the benefits for “all mankind” in developing an “unlimited, decentralized” financial infrastructure, Sun also said:

Sovereign states are the most fundamental building blocks of the world order. The due recognition of the blockchain industry by sovereign states will be the final milestone towards achieving a truly decentralized financial infrastructure.

According to a Bloomberg report, Sun has been living in Grenada since 2019 and will start moving away from any crypto projects. Sun will exercise his functions at the WTO Headquarters in Geneva, Switzerland.

TRON Without Sun, Where Is The Network Going?

The entrepreneur has been the object of much controversy. His background, the way the TRON Network was launched, and his alleged centralization, almost every aspect of Sun’s life has been at the center of the argument.

Upon his departure from the Tron Foundation, Sun declared the network as “essentially decentralized”. The organization itself was apparently dissolved on July 25, 2021, Sun said the following:

The “justinsuntron,” “BitTorrent,” and “µTorrent,” have officially withdrawn from TRON representatives. Instead, the entire TRON network is now run by 27 SRs hosted by the community.

In that sense, Sun believes TRON has entered a new age of decentralization and called his followers to “embrace the decentralize future”.

(6/6)💪I do not doubt that #TRON has embarked on a new phase of true decentralization.

🙌In the new era, blockchain technology will enable a decentralized financial infrastructure for all people! So let us embrace the future together!

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 17, 2021

The Bloomberg post claims Sun gained some notoriety in 2020 after he participated in a charity auction and won a dinner with legendary investor Warren Buffett. The dinner apparently caused some tensions between Sun and the Chinese government, although these reports only remained as speculations.

The Tron founder has been around for much longer in the crypto space, as the mainstream media failed to report. He has been involved in arguments with Vitalik Buterin, the inventor of Ethereum, and other figures.

In addition to that, Sun faced a lawsuit from former employees at BitTorrent. The plaintiffs accused Sun of harassment and other violations in the work environment. Whether Sun will bring the same level of controversy as in the crypto space to the WTO Headquarters only time will tell.

Related 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.

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

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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