There is a new prime minister in Europe. Something out of the ordinary. For both his professional career and the country he leads. Famous crypto entrepreneur The founder of the network is Chinese Justin Sun block chain TRON has recently taken over the Government of the Free Republic of Liberland, a microstate of just seven square kilometers and a thousand citizens located on the banks of the Danube River between Croatia and Serbia, which declared sovereignty nine years ago.

Neither Croatia nor Serbia recognize it, but that hasn’t stopped their supporters from moving forward and elevating the cryptocurrency king to the top of their administrations.

What is Liberland? A microstate like others just as strange or stranger, like Sealand, an ancient floating platform in the North Sea that has had its own royal family for decades; or the strange 11-hectare “Muslim Vatican” that the Albanian prime minister wants to create east of Tirana.

Liberland’s history dates back to 2015, when libertarian activists Vít Jedlička and Jana Markovicova decided to declare themselves a new republic on a piece of land on the banks of the Danube that they considered “no man’s land”. According to him, neither Croatia nor any other country or organization has requested this. They tried him freely. So… What could be better than establishing the Free Republic of Liberland?

Why is it news now? For exactly the same reason as Italy after the arrival of Giorgia Meloni or the UK with Keir Starmer. Liberland has a new prime minister. This was reported a few days ago by the microstate via its website, where a note was published explaining: crypto entrepreneur Justin Sun had won the national Congressional elections. Following the elections, president Vit Jedlička appointed him acting prime minister.

Interestingly, both Sun and Indian businessman Evan Luthra, one of the people who will be in charge in the Government, are two “newcomers” to the microstate. However, this does not seem to be a problem for the Liberlad apparatus, which highlights the other qualities of the two candidates.

“They have consistently proven themselves to be successful entrepreneurs in the cryptocurrency space. Their track record […] will be important to advance our projects block chain and their skills and dedication promise to benefit all of Liberland,” argue the micro-nation.

Who is Justin Sun? He is a well-known entrepreneur in the cryptocurrency world. Justin, 34 years old and from Xining, China, is the founder of the TRON (TRX) network and founded in 2017. Forbes He even included it in the popular “30 under 30” list for Asia in the tech industry. His resume included, among other things, the launch of the Peiw app. The Chinese entrepreneur’s name was also heard strongly in 2023, when the US Securities and Exchange Commission (SEC) accused him and his companies of “fraud and other securities law violations”.

How did they choose this? Statement regarding the appointment of Justin Sun, the election system block chain and “eliminates doubts about election results, a challenge faced by many countries that still rely on traditional methods.” Essentially, a staggered voting method in which multiple candidates are selected is used to elect congressional officials. The system is based on the Phragmén algorithm.

Do we know more? Yes, with a surface area of ​​only 7.2 km2, Liberland drops a few hints on its website, where it introduces itself as “a nation built on libertarian principles that combines the best features of direct democracy with governance.” block chain“. “This makes it a pioneering model for the 21st century. Our spirit is inspired by classical liberalism to become the freest nation in the world. Our motto: ‘Live and let live’,” he summarizes.

“Citizens can directly participate in the democratic process by voting on referendums and proposals based on their own values ​​(LLM). All new laws must be approved by a citizen referendum. block chain It ensures that the voting process is secure, tamper-proof and easily auditable by all participants,” the country claims.

So how do they vote? “The political power of citizens is proportional to the amount of taxes they pay. The process of paying taxes by attending the Master’s is called ‘political voting’ and is necessary to gain citizenship and vote,” he explains. Liverland explains on his eponymous YouTube channel that the Liberland Merit (LLM) is the political and civic symbol of the state. “These are given when people voluntarily pay taxes, so they represent their financial contribution to Liberland. The more a citizen invests in graduate school, the more influential he is in referendums.”

So what will Güneş do now? Among its “strategic goals”, the state block chain and the country’s companies. In fact, the statement informing about the selection of Sun and Luthra emphasizes their progress and the support they can give to their projects. block chain. But it will not be easy for Liberland to get onto the international stage. Although it attracted worldwide media attention in 2015 New York Times any GuardOne of their biggest challenges is legitimacy.

Crypto Times Note that Liberland is not recognized by any member of the United Nations, including Serbia and Croatia. This did not stop him from claiming that it was a “real country” and supported by the Montevideo Convention. It has also gained the support of some relevant leaders in the last few years. “Internationally, Milei openly supported Ron Paul (US congressman) Liberland,” they recall.

Pictures | Liberland and Wikipedia

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