LeoGlossary: Justin Sun

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How to get a Hive Account

Justin Sun is a Chinese businessman and cryptocurrency entrepreneur. He was born July 30, 1990.

In 2017, he founded TRON, a cryptocurrency blockchain that was a fork of Ethereum. Sun received a lot of criticism for lacking any innovation and basically copying everything from Ethereum, including the white paper. He simply changed the name "Ethereum" to "TRON" in the documentation.

He made news again in 2020 when he launched a hostile takeover of Steem, a social media blockchain. Sun was able to buy out a pre-mine stake from the founding company, Steemit, Inc. This gave him a large interest which to vote for the block producers, called Witnesses.

By utilizing this, he was able to take control of the network from the community, a move that resulted in the latter forking into what is now Hive. Many of the applications that were tied to Steem ended up moving to the new chain.

The community put up a good fight, eventually losing when the exchanges staked customer funds and involved themselves with governance.

Sun retired as CEO of TRON in December 2021 and is now the Permanent Representative of Grenada.


Justin Sun is a magnet for attention. Over the years he acquired a reputation for having some marketing skills although many feel he is self serving and nothing but a fraud.

Whatever the outlook, he has made a name for himself with his antics.

In 2019, Sun bid $4.6 million to have lunch with Warren Buffett. In a surprise move, he cancelled the lunch, before eventually meeting with the Berkshire Hathaway CEO.

March 2021 saw Sun as the underbidder on the historic $69M auction at Christie's New York of the Beeple non-fungible token (NFT) Everydays: the First 5000 Days.

He then went on to place the winning bid to become the first paying passenger on Blue Origin's commercial space flight. This was scheduled for July 2021 but he had to cancel due to a scheduling conflict.


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