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Justin Sun

Justin Sun is a Chinese-born Grenadian cryptocurrency entrepreneur and business executive, and the founder of Tron, a blockchain DAO ecosystem.
Summary

Sun Yuchen, also known as H.E. Justin Sun, was born in July 1990 in Xining, China. Now in his early 30s, he has already launched, acquired, and advised a number of high-profile technology companies poised to change the future of global commerce and community. 

He served as Grenada’s Ambassador and Permanent Representative to the World Trade Organization (WTO) until early 2023 and is on the Global Advisory Board for Huobi.

Biography

Sun was born in 1990. He holds a Bachelor of Arts degree with a major in history from Peking University and a Master of Arts degree in East Asian studies from the University of Pennsylvania.

At University of Pennsylvania Sun became interested in cryptocurrency and invested early in bitcoin. He studied at Jack Ma's Zhejiang Hupan Entrepreneurship Research Center. He became the cover figure of Yazhou Zhoukan in 2011 and a Davos Global Shaper in 2014.

In late 2013, Sun joined Ripple Labs as chief representative and adviser. In 2014, he founded Peiwo, a Chinese voice-based social networking app. He was named CNTV's most noteworthy new entrepreneur in 2015 and was included in Forbes 30 Under 30 Asia list from 2015 to 2017.

Sun founded the blockchain-based operating platform Tron and launched the TRX token in 2017. In September 2017 his company Tron held an initial coin offering (ICO) for the TRN token, a few days before the Chinese government banned ICOs. Tron raised about $70 million at its ICO.

Sun acquired Rainberry, Inc., which develops the BitTorrent peer-to-peer communication protocol, in June 2018. During his tenure leading BitTorrent as CEO, the BitTorrent network launched its own utility token, BTT.

In 2018, Sun acquired the company BitTorrent, Inc (later renamed Rainberry) for $140 million. Sun later acquired the crypto exchange Poloniex. Sometime between 2018 and 2020, Sun acquired a Maltese residency card as a result of investing in the country.

In October 2021, Sun participated in a $65 million funding round in Hong Kong-based Animoca, a maker of crypto and blockchain video games such as The Sandbox.

Diplomatic Work

Sun was appointed Ambassador and Permanent Representative of Grenada to the World Trade Organization (WTO) in 2021. As a result, Sun phased out of his daily roles at his crypto-related projects such as Tron in order to focus on his diplomatic role at the WTO in Geneva. 

In December 2021, Justin Sun retired as a CEO of TRON to become a diplomat for Grenada.

In June 2022, Sun was relieved of his position as Permanent Representative of Grenada to the World Trade Organization following the electoral defeat of the New National Party.


Vision

Sun's vision revolves around leveraging blockchain and cryptocurrency to revolutionize industries and empower individuals globally. He founded Tron, a blockchain-based operating platform, with the aim of creating a decentralized internet infrastructure that enables seamless digital content sharing and decentralized applications. Through Tron, Sun seeks to disrupt traditional intermediaries and provide users with greater control over their data and content.

Justin Sun's vision encompasses technological innovation, decentralized systems, international diplomacy, and the empowerment of individuals through blockchain and cryptocurrency. He strives to push boundaries, disrupt traditional industries, and contribute to the global adoption of this transformative technology.


Recognition and Awards
In December, 2021, Sun was honored to receive the title of “His Excellency” when he accepted Grenada’s appointment to become their Ambassador and Permanent Representative to the World Trade Organization. After exploring blockchain and cryptocurrency business potential in the Caribbean, Sun discerned that this expansive region could become one of the most influential crypto regions of the World. In October 2022, a neighboring Caribbean government, Dominica, designated TRON its official national blockchain infrastructure, legalized seven TRON-based cryptocurrencies for everyday use on the island, and determined to launch the first ever national cryptocurrency fan token – the Dominica Coin (DMC). A member of Parliament in St. Maarten announced in January 2023 that they would follow a similar path.

References
Justin Sun
Residence
Switzerland
Occupation
Diplomat, technology entrepreneur, philanthropist, blockchain and cryptocurrency advocate, investor
Known for
Tron DAO (Founder), Huobi Global (Global Advisory Board Member), BitTorrent (Supporter)
Accolades
Grenada Ambassador (World Trade Organisation), Cover figure (Yazhou Zhoukan, 2011, Davos Global Shaper, 2014)
Education
Bachelor of Arts (Peking University), Master of Arts (Political Economy, University of Pennsylvania), Exchange (Liberal Arts and Sciences/Liberal Studies, The Chinese University of Hong Kong)
Social Media
About

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