As a seasoned crypto investor with a keen interest in blockchain technologies and their real-world applications, I find Justin Sun’s election as Prime Minister of Liberland intriguing. Given his past experiences, including serving as Grenada’s representative at the World Trade Organization, it seems plausible that he could leverage this unique opportunity to demonstrate the potential of small governments embracing technology.
The creator of the TRON blockchain network, Justin Sun, has been chosen to serve as the new leader (or head) of Liberland, a tiny country situated on the Croatian bank of the Danube River.
The announcement was posted on the government’s main site, after the outcome of the blockchain-powered voting process utilized by Liberland’s congress of seven representatives for approximately 1,000 residents, had been determined.
In 2025, Vít Jedlička, a Czech politician, is being succeeded by the sun, as he founded Liberland. During his election campaign, he articulated his vision for this new country, comparing it to Vatican City for Catholics, stating that “Liberland will be the epicenter of the libertarian movement.
Beyond his background, Sun also has a history in global administration. Specifically, he held the position of Grenada’s delegate at the World Trade Organization from 2021 to 2023. He intends to leverage this experience to demonstrate that small governments can thrive, not just within Liberland, but as an example for other nations as well.
Liberland, established with the aim of minimal governance, offers a tax-exempt environment that values personal liberty.
At present, almost all of its holdings are invested in Bitcoin. The state additionally possesses a currency called the Liberland Dollar Token ($LLD), which can be traded on decentralized exchange platforms.
Yet, it’s important to note that Liberland isn’t acknowledged by any United Nations member countries, and its validity has been disputed by neighboring Croatia and Serbia.
Regardless, it has garnered backing from renowned libertarians like Javier Milei, who serves as the libertarian president of Argentina.
In simpler terms, Liberland manages financially by accepting donations and making minor sales such as passports and stamps. Despite asserting a stable population of permanent residents, the majority of its inhabitants consist of campers and individuals residing on boats.
With the Sun at its helm, the newly established administration aims to boost the visibility of our micronation on a global scale, particularly seeking acknowledgement from nations such as Argentina and El Salvador.
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2024-10-10 21:08