Justin Sun Retires As Tron’s CEO, Appointed As The New WTO By Government Of Grenada

KEYPOINTS

  • Justin Sun officially announced his departure from the Tron Foundation as an active member.
  • The price of Tron has dropped over 7% in less than an hour as a result of the news.
  • Sun announced that he is the next World Trade Organization (WTO) ambassador for Grenada, a Caribbean island.
  • TRX, according to the Tron creator, is now decentralised, and the three initial nodes have left the network.

The founder of Tron, Justin Sun, has announced his departure from the altcoin’s foundation, stating that TRX is now entirely decentralised. The announcement of Justin Sun’s departure from an active role in the foundation has sent the Tron price tumbling, fuelling a negative narrative.


The creator of the Tron foundation today says that he is no longer serving the organisation. Grenada, a Caribbean country, now has Justin Sun as its WTO ambassador.

In the words of Justin Sun, the Tron Foundation issued a new blog post outlining how the cryptocurrency is now decentralised and the three initial nodes have left the network. The following is an excerpt from the blog:

This marks TRON’s entry into a new era of decentralization. Personally, as an ordinary member of the TRON protocol community, I will continue to support and encourage the development of TRON and its decentralized community.”

Justin Joining Grenada Ministry

Justin Sun, the creator of Tron, has been selected as Grenada’s ambassador to the World Trade Organization by the Grenada Ministry of Foreign Affairs.

Grenada belongs to the Caribbean Community (CARICOM), the CARICOM Single Market and Economy (CSME), and the Organization of Eastern Caribbean States (OECS) (OECS).

Grenada, as per Sun, has a number of advantages in its desire to become more blockchain-centric. Its closeness to the United States and the adoption of English as one of its official languages are two examples. Grenada also boasts an excellent educational system, with one of the top institutions in the area. Sun believes that these colleges will eventually produce a large percentage of the country’s future blockchain developers.

Sun also believes Grenada’s blockchain strategy will have a favourable impact on the United States and China. If the island country develops a strong blockchain economy, the United States and China may feel obligated to expand their own.

Tron’s value has plummeted since the news. Because Justin Sun was the founder and has been at the forefront of Tron’s marketing activities since its introduction, investors are negative on the altcoin’s price.

Sun acknowledged the concerns of Tron owners, stating that he is always there for them.

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