Justin Sun seems to hone his diplomatic expertise via the conflict amongst Russia and Ukraine, joining the assistance of each warring sides.
Justin Sun donates cryptocurrencies to Ukraine, then opposes the airdrop
As reported by Coinlive, Justin Sun, founder of TRON and Grenada’s ambassador to the World Trade Organization (WTO), was 1 of the initially figures in the cryptocurrency sector to communicate in favor of Ukraine following the assault on Russia.
Notably, in response to the appeal of Ukraine’s Deputy Prime Minister and Digital Transformation Minister Mykhailo Fedorov on February 26, Justin Sun sent $ 200,000 to Ukraine’s TRC-twenty handle to present his assistance by inviting the TRON local community to do the exact same.
I am pleased to announce that I have manufactured my preliminary donation of $ 200,000 USDT #TRON good #Ukraine 🇮🇹 The Ukrainian people today are not left alone in their battle towards the humanitarian crisis! @Vitalik Buterin @FedorovMykhailo @Ukraine Check my hash: https://t.co/q0a2xgaIwK https://t.co/dSi3weas2i
– SE Justin Sun (@justinsuntron) February 26, 2022
As of the newest update on March four, the TRON local community has raised $ one.four million in cryptocurrencies for Ukraine, two.one% of the extra than $ 64 million in cryptocurrencies sent to assistance this nation.
💪Until March 4th 2022 twenty:00 GMT + eight, the official standing #TRON handle of the Ukrainian government to accept donations obtained a complete of $ one,463,019 #USDT on #TRON for 5615 transactions with an regular of $ 260 per donation.
👀 Verify @TRONSCAN_ORG:https://t.co/4dMQaYOeV2 pic.twitter.com/O6dzSA5VMZ
– TRON DAO (@trondao) March 4, 2022
Even so, the sum of cryptocurrencies sent to Ukraine has stagnated considering the fact that the Kiev government canceled its prepare to launch individuals who donated. In distinct, Justin Sun is the particular person most opposed to the airdrop due to the fact it does not incorporate the TRON local community.
“In response to a humanitarian appeal from Mr. Mykhailo Fedorov, the TRON local community has donated extra than one.two million USDT (landmark TRC20), but now the airdrop totally ignores them. It’s not proper. There ought to be a transform.
This is not an expectation of generating cash, but if the airdrop is for anyone who has donated but us, then it is NOT honest. “
Justin Sun also supports Russia for applying the blockchain
However, as mentioned by CoinDesk, it seems that Justin Sun is on each sides in the Russia-Ukraine conflict. As a end result, on March one, Mr. Sun posted a video on his personalized Twitter webpage for the Chinese local community and Weibo account, sharing his meeting with Russian Ambassador to the WTO Dmitry Lyyakishev. Justin Sun wrote:
视频 会见 俄罗斯 驻 OMC 大使 Dmitry Lyyakishev, 我们 谈到 如何 使用 科技 来 帮助 帮助 发展 的 人道主义 案例, 例如 使用 的 的 来 帮助 无法 使用 金融 区块 链 的 的 平民.希望 今后 加强 与 俄罗斯 的 合作! pic.twitter.com/T9VnEFjBmn
– (@sunyuchentron) March 1, 2022
“During today’s videoconference with Ambassador Dmitry Lyyakishev, we discussed how the technology can be used for humanitarian efforts in Russia, such as using blockchain technology to help people in need. People do not have access to the financial system. . Hope can strengthen cooperation with Russia! “
Sun’s English-language Twitter account, with in excess of three.three million followers, did not share this information and facts.
What is well worth remembering about the publish over is that it mentions the likelihood of blockchain staying employed as an substitute to connect to the international economic sector, which is precisely what is feared by the US and Western nations that Russia is taking benefit of cryptocurrencies that have bypassed the sanctions and financial sanctions that are staying imposed.
What does Justin Sun want from the Russia-Ukraine conflict?
According to authorities, the reality that Justin Sun has two distinctive attitudes pertaining to the Russia-Ukraine conflict is exceptionally understandable, due to the fact the target audience of the moves to mobilize donations for Ukraine and assistance Russia is distinctive, with each other.
On the 1 hand, the professional-Ukrainian publish is aimed at the international crypto local community and specifically in the West, the place anti-Russian sentiment and anti-war sentiment are widespread. Being on the side of Ukraine will certainly win the hearts of the public and establish Justin Sun’s picture as the proper particular person.
On the contrary, in China, the place the vast majority of the public is extra professional-Russian and anti-Western, assisting to encourage blockchain technologies in a nation isolated from the West will also verify Sun as a firm, a correct technologist and prepared to assistance individuals who need to have it most.
Indeed, lots of remarks on Weibo expressed the Chinese community’s praise for Justin Sun, for illustration: “Sun ca ca, please help Russia overcome financial isolation and take care of yourself” “This is the right thing to do” “You have $ 10 billion in assets, that’s enough to run for president of the United States.”
Meanwhile, Justin Sun’s publish asking for donations from Ukraine on February 26 faced lots of objections from the Chinese-speaking local community: “Can Sun support NATO?” “Supporting Ukraine is against China” “Are you a spy planted by the American capitalists?”
Respond to a request for comment from CoinDesk, a WTO representative mentioned that the meeting amongst Justin Sun and Mr. Dmitry Lyyakishev was only of a social nature. The WTO writes:
“Ambassador Justin Sun received a courtesy phone call with Ambassador Dmitry Lyyakishev on March 1, 2022. The two discussed the latest developments within the WTO. They also talked about the potential uses of blockchain to help many communities around. the world, including Russia, which may not have access to the global financial system. “
Sharing on Twitter in English on March one, Justin Sun mentioned that “TRON is neutral and decentralized,” in stark contrast to the “two-handed fishing” action he is taking.
TRON is neutral and decentralized.
– SE Justin Sun (@justinsuntron) March 1, 2022
“TRON is neutral and decentralized”.
Notably, Sun’s statement is comparable to the earlier statement by Ethereum founder Vitalik Buterin, who opposed the Russian invasion of Ukraine from the get started in spite of staying of Russian origin.
Reminder: Ethereum is neutral, but I am not.
– vitalik.eth (@VitalikButerin) February 24, 2022
“Note: Ethereum is neutral, but I am not.”
The dramatic story of Justin Sun
It is no exaggeration to say that Justin Sun is a “controversial” figure in the crypto local community, an opportunist, prepared to consider benefit of any problem to polish himself like a massive crypto village.
The businessman who claims to be a “Jack Ma student” has had lots of robust promoting efforts to encourage TRON and its ecosystem. In December 2021, Sun exposed that he invested $ 28 million to order a area ticket with Jeff Bezos at the initially launch of Blue Origin, a civil aerospace firm also owned by Jeff Bezos, owned by the Amazon proprietor. However, for personalized motives, Sun was unable to make that journey. However, to make up for it, Justin Sun has agreed with Blue Origin to organize a personal flight in 2022, bringing with him five other members who are common characters chosen by the TRON local community.
This is not the initially time Justin Sun has “spent a lot” to be exposed to the greatest billionaires in the planet. In 2019, Sun invested $ four.57 million on lunch with investment legend Warren Buffett. However, on the initially date, the founder of TRON was unable to attend due to “kidney stones” and had to move it in 2020. Sun gave Buffett a amount of cryptocurrency through the meal, but human investor The US exposed of getting offered anything to charity due to the fact he did not think in the probable of cryptocurrencies.
Also in December 2021, Justin Sun stunned the cryptocurrency local community when he announced that he would stage down as CEO of the TRON Foundation, decentralize the TRON undertaking and hand in excess of management to the local community, offering up manage of the TRX network. Sun also announced that he would turn into Grenada’s ambassador to the International Trade Organization, a place he did not know how to get due to the fact he is not a citizen of Grenada and has no practical experience in the foreign sector.
Still, Justin Sun has constantly mentioned that he will do anything at all to assistance create TRON, but this ecosystem has not designed drastically via 2021 other than turning into a “DAO organization”. Additionally, it was also identified that Sun was holding billions of bucks in Ethereum’s DeFi protocols – a rival of TRON – to earn passive cash flow.
The founder of TRON also lately announced that TRON is prepared to consider in excess of tasks that are about to be left behind by Andre Cronje and Anton Nell immediately after “leaving the DeFi industry”, but it seems that Sun’s appeal has been rejected by the firm. Fantom local community and other relevant tasks ignored.
Hello @AntonNellCryptoour defi staff is joyful to control and assistance individuals defi solutions immediately after 03 April 2022. Any possibility to communicate? https://t.co/1YWjHxQqug
– SE Justin Sun (@justinsuntron) March 6, 2022
“Hi Anton Nell, our DeFi team will be happy to manage and support DeFi services that will be discontinued after April 3, 2022. Can we discuss this further?”
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