On October 8, 2024, Justin Sun, the visionary behind Tron, was appointed Acting Prime Minister of Liberland, a micronation committed to economic freedom through cryptocurrency.
Located between Croatia and Serbia, Liberland holds 99% of its assets in Bitcoin and is pioneering blockchain technology in governance with its tamper-proof voting system.
Discover how this emerging nation is gaining global attention and what its next steps might be in the world of decentralized finance.
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Justin Sun Appointed as Member of Parliament and Acting Prime Minister
On October 8, 2024, Liberland, an unrecognized micronation that has declared Bitcoin (BTC) as its official currency, announced the appointment of Justin Sun, founder of Tron (TRX), as its Acting Prime Minister.
Liberland is a small, unofficial country situated between Croatia and Serbia, with a strong emphasis on cryptocurrency and blockchain technology. It is also reported that 99% of its national assets are held in Bitcoin.
In the recent announcement, results from a parliamentary election using a blockchain-based voting system were unveiled. Justin Sun was elected as a member of parliament and also named Acting Prime Minister.
The newly elected members of parliament include the following individuals:
- Justin Sun (Acting Prime Minister)
- Evan Luthra
- Jillian Godsil
- Ivan Pernar
- Navid Saberin (re-elected)
- Dorian Stern Vukotić (re-elected)
- Michal Ptáčník (re-elected)
What is Liberland?
Liberland is an unrecognized state declared on April 13, 2015, by Czech politician Vít Jedlička, located in a no-man’s-land along the Danube River between Croatia and Serbia.
The name "Liberland" is derived from "Liberty," symbolizing a nation founded on the principles of economic freedom and individual liberty. The proponents of this state envision a self-sustaining nation where these freedoms are upheld.
Liberland is notable for its extensive use of cryptocurrency and blockchain. More than 99% of its reserve currency is held in Bitcoin, and the nation has also adopted a blockchain-based voting system.
The aim is to create a laissez-faire economy rooted in cryptocurrency, with no taxation.
The blockchain-based voting system is particularly noteworthy for its ability to ensure tamper-proof results, eliminating doubts about election outcomes and promoting transparency.
Although not internationally recognized as a sovereign state, Liberland has garnered support from notable figures such as Javier Milei, the pro-cryptocurrency president of Argentina.
The nation has also announced plans to launch decentralized applications (DApps) and a decentralized exchange (DEX) in the near future, drawing further attention to its developments.
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