There are a lot of young rich people in the virtual currency field. Sam-Bankman-Fried, the founder of 바이비트 , the world’s second-largest cryptocurrency exchange, is ranked 32nd in the U.S. wealth ranking by Forbes and 30 years old. Justin Sun, who was born in 1990, is only 32 years old, but he has already achieved astronomical wealth.
TRX founder Justin Sun
This is because he is the person who developed TRX, which is used the most with ripple when transmitting coins. Today we’re going to take a quick look at Justin Sun.
Justin Sun was a passionate young man who was famous for his pro-democracy movement in China before he was an entrepreneur. While studying history at Beijing University, he actively led the democratic movement in the school and was selected as the cover model for Asia Week in 2011.
By the time I graduated with a senior degree in history, I had already been admitted to several Ivy League universities, including Stanford University and Columbia University. Among them, he starts his master’s degree at Pennsylvania State University.
During the master’s course, he received a scholarship from the foundation of Chinese Nobel laureate Dr. Li Zheng He, and he will start investing in living expenses, including the scholarship. After graduating, I worked on Wall Street and Silicon Valley for a while after I made significant profits from Tesla’s stock and bitcoin investments.
Even his face is handsome. Justin Sun
When I worked in Silicon Valley in 2014, I was in Ripple Labs, an XRP developer. At this time, Sun worked as the chief representative in charge of the entire Chinese region and attracted a lot of investment, and his experience at this time helped develop Troncoin.
In 2015, he returned to China and established a company with distributed settlement technology as his core business, and he will do a model business that quickly distributes stocks, bonds, insurance, and currency around the world with low transaction fees. This was the beginning of Tron. At that time, Justin Sun had already established connections with banks in China and became a member of the People’s Bank of China or a member of the Financial Academic Committee, and the company he had already established was valued at around 170 billion won. Sun was only 25 years old at this time.
Today, Tron ranks 12th in cryptocurrency market capitalization, and it is a coin with a daily transaction amount of 12 trillion won with remittance fees and fast transmission speed. The biggest feature of Tron is that it is a decentralized blockchain-based protocol. The advantage is to dramatically reduce distribution costs by allowing content creators and users to connect directly, away from the way developers engage between consumers and producers, such as Google Play and App Store. And that’s what Web 3.0 is all about. Tron is a decentralized currency for the content ecosystem, specializing in credit transactions as well as content payments in the entertainment sector.
Meanwhile, in addition to Tron (TRX), the coin that is closely related to Justin Sun is BTT (Bit Torrent Coin). This is because Tron acquired BitTorrent, which is famous for P2P file sharing. Since then, Tron has issued BTT. There is also USDD, an algorithm-based stable coin issued by Tron.
Justin Seo also owns Paywer, China’s largest voice chat app. Paywer’s subscriber age is mostly in their teens and 20s, with more than 10 million users.
In 2020, Justin Sun once won a $4.5 million bid for dinner with Warren Buffett, the god of value investment. Nearly 6 billion won was donated to charity foundations, including helping the homeless.
Justin Sun is only 32 years old this year.
Troncoin also has a long-term roadmap. It reminds me of Merge, which was one of the recent Ethereum 2.0 updates. Will Justin Sun walk a similar path to Kwon Do-hyung, who caused the Luna crisis in the future? Or I think it’s going to be fun to see if they really continue to grow into virtual currency giants.
Today, we looked at Justin Sun, the founder of TRX, one of the most commonly used coins to transfer coins to overseas exchanges.
The weather has suddenly become winter weather these days. I hope everyone is careful not to catch a cold during the change of seasons.