Justin Sun to run for TRON Super Representative in surprise move 18752
News
Jessica Kuruthukulangara
Jul 18, 2018 at 9:30 PM

Justin Sin, the CEO of the TRON [TRX] Project, on Wednesday announced that he was running for TRON Super Representative, the election for which started on June 26. The election aims to appoint 27 Super Representatives, who will play a key role in the company’s governance.

In a statement on the firm's Super Representative website, Sun said, “I hope it (my candidacy) will enable all of us to contribute to the establishment of a truly democratic, decentralized TRON community.”

He added that his candidacy would not involve the company, meaning that the 33.2 billion TRX locked by TRON Foundation will not be participating in the election.

He said that his candidacy would show the company’s inclusiveness and openness as a decentralized and autonomous community.

See also: Will BitTorrent set Tron a class apart?

This is yet another surprising development ahead of the launch of the Tron Virtual Machine (TVM) and a mysterious “secret project” on July 30.

As of May 18, the top three candidates in the election were the digital asset's communities Dreams From TRON and Team Tronics, along with blockchain capital group CryptoDiva.

TRON in the spotlight

This particular cryptocurrency has seen a number of interesting developments following the successful launch of its MainNet on May 30. The company acquired the peer-to-peer file sharing platform BitTorrent last month for $140 million. To add to the string of news, Sun tweeted last week that Twitter had visited the TRON office.

See also: Will Tron Virtual Machine launch be the game changer for blockchain?

The cryptocurrency's community is strife with speculations over what the secret project could be. Some believe the project could have some connection to the BitTorrent buy, while others speculate that it could be a strategic partnership related to the TVM launch.

One thing is for sure, investors seem to view these developments as positives. TRX's price has been on the rise, with the digital asset gaining nearly 20 percent in the last one week. As of 1526 GMT, the virtual currency was trading 7.6 percent higher at $0.04002. In Bitcoin terms, the value of the cryptocurrency was around 0.000005 BTC.

Image via Shutterstock

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