On Thursday, Tron founder Justin Sun was declared the Prime Minister of micronation Liberland, after emerging as the winner following a congressional election that happened entirely using blockchain technology. In a detailed message on the X platform, Sun shares his vision for the sovereign state that resides between Croatia and Serbia, on the west bank of the Danube river.

Justin Sun’s Plans As Liberland Prime Minister

After confirming his role as the Prime Minister of Liberland, Sun expressed his enthusiasm for the role while outlining his vision for the future of the country. Sun emphasized that Liberland is not just a geographical entity but a symbol of a political philosophy that advocates for individual liberty, minimal government intervention, and autonomy.

He said that the goal of the micronation is to reduce government spending, lower taxes, and minimize interference in citizens’ lives to foster genuine economic prosperity. He also named other global leaders like Argentine President Javier Milei and U.S. Congressman Ron Paul who align with these ideas.

Justin Sun also stressed that Liberland is a primary example of how citizens can thrive by adopting a minimalistic governance model. He also noted that innovators like Elon Musk share these beliefs, advocating for less centralized control to spur creativity and progress, aligning with Liberland’s core values.

Besides, Sun added that as a Prime Minister, he would promote the principles of libertarianism and small government and make Liberland a global model for other nations. He wrote:

“Just as Vatican City represents a central spiritual authority for Catholics, Liberland will be the heart of the libertarian movement. Libertarians everywhere may have their own countries and nationalities, but Liberland will serve as their ideological homeland—a place where their beliefs in freedom, autonomy, and voluntary governance are respected and embodied”.

Recently, Justin Sun also shared his vision to rank Tron among Bitcoin and Ethereum within two years.

Thinking Beyond Geographic Boundaries and Bloodlines

Furthermore, Justin Sun stated that the truly unique thing about Liberland is that micronation shares its relation with citizens on shared values and principles, thus moving beyond bloodlines or geographic boundaries. “There are no forced obligations, no taxes, and no mandates imposed on its citizens,” he wrote.

Thus everything will work on a shared voluntary participation and mutual respect. Commenting on this development, Cardano co-founder Charles Hoskinson stated that Sun’s appointment as Prime Minister of Liberland represents a new level of craziness in the market and that he doesn’t know whether he should laugh or cry about it.

I’m either laughing or crying. This cycle is a new level of crazy. https://t.co/RD2mDQEr6b pic.twitter.com/ZZeiEYLUy5

— Charles Hoskinson (@IOHK_Charles) October 10, 2024

The development led to a Tron price surge on Thursday aided by an 11 million TRX token burn. At press time, TRX is trading at $0.1593 with a market cap of $13.79 billion.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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