Justin Sun is a Chinese cryptocurrency entrepreneur and business leader. He is the founder of Tron (established in July 2017), a blockchain ecosystem DAO. Sun serves as the permanent representative of Grenada to the WTO.
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Brief Biography of Justin Sun
Justin Sun is a serial entrepreneur well-known in the blockchain industry. He is the founder of TRON Foundation and has been the CEO of Rainberry Inc. dba BitTorrent since June 2018. Previously, Mr. Sun led the development of the Chinese business of Ripple.
- He founded Peiwo, a popular Chinese online chat application with over 10 million registered users, and served as its CEO until July 2017.
- He became a Global Shaper of Davos in 2014 and was listed in Forbes 30 Under 30 China and Forbes 30 Under 30 Asia in 2017.
Justin obtained a master's degree from UPenn in 2013 and a bachelor's degree in history from Peking University in 2011.
Justin's Career
Sun studied at Hupan University. He also graced the cover of Yazhou Zhoukan in 2011 and was a Davos Global Youth Leaders figure in 2014. In 2015, he was named the most notable new entrepreneur by CNTV and was featured in Forbes China 30 Under 30 from 2015 to 2017.
In September 2017, his company Tron conducted an initial coin offering (ICO) for the TRX token just days before the Chinese government banned ICOs.
Shortly after that, Sun left China for the United States. Justin Sun gained international attention when, in the summer of 2019, he paid 4 million euros for a lunch with Warren Buffett, the legendary investor and CEO of Berkshire Hathaway. Justin claimed he wanted to be the first person to get Warren to invest in cryptocurrency.
Tron Blockchain
Tron is a blockchain based on a decentralized database system that serves as the server-side for cryptocurrencies. Tron utilizes blockchain features and peer-to-peer (P2P) network technology to eliminate intermediaries and allow content creators to sell their work directly to consumers. Software developers use the Solidity programming language to create applications hosted on the Tron platform.
The currency used on the network is Tronix or TRX. Network users use TRX for direct payment to content creators for access to their applications. Content creators do not pay Tron a transaction fee. (TRX transactions are also free on the platform.) Users can store their crypto assets in a desktop, mobile, or hardware wallet. The Tron blockchain adds a new block every 3 seconds, and those who add a block receive 32 TRX tokens.
