TRON Super Representative election has new contender: Raybo
TRON founder Justin Sun on Tuesday announced that Raybo, China’s first IT firm in the blockchain industry, will run for TRON Super Representative. Sun established Raybo, his first blockchain project, in Beijing in March 2014. He later went on to set up the TRON Foundation in Singapore last year.
Raybo will run for #TRONSR. Raybo has been committed to promoting decentralized distributed clearing technology represented by Ripple in Greater China, promoting blockchain clearing technology in financial institutions such as banks. #TRON #TRX $TRX https://t.co/VFEWm2bvxC pic.twitter.com/3aaFfRWb2y
— Justin Sun (@justinsuntron) August 7, 2018
In a recent interview with South China Morning Post, Sun explained how Raybo struggled in its initial days as he believed it was too early for China to embrace blockchain technology.
“For a while the company had a hard time. The worst for me was when I borrowed $700,000 and struggled to repay it. The company was that close to collapse,” he said.
Raybo has worked to promote decentralized distributed clearing technology represented by Ripple in China, according to a TRON statement. TRON added that venture firm IDG Capital was an angel round investor in Raybo in 2014.
Notably, Raybo also received investments from Chris Larsen, Ripple’s co-founder, and Greg Kidd, an early Ripple investor.
TRON Super Representative election so far
The election, which started on June 26, aims to appoint 27 Super Representatives. They will be tasked with playing a key role in the company’s governance.
Last month, Sun himself had been elected to become a Super Representative. “…to be elected as a TRON Super Representative means another role change: from the earliest supporter and promoter of TRON, to a member of a growing decentralized self-governed community,” he said in a statement.
Other elected Super Representatives include blockchain capital group CryptoDiva, gaming company Skypeople and blockchain information platform Lianjinshu.
BitTorrent – another Super Representative contender
The list of Super Representative candidates is pretty long. BitTorrent – a peer-to-peer file sharing platform which TRON recently bought for $140 million – is also campaigning in the election.
Additionally, uTorrent – a BitTorrent client which is currently maintained by a team of developers at BitTorrent – is also in the race to be chosen as a Super Representative.
This particular cryptocurrency has witnessed a number of interesting developments since the successful launch of its MainNet on May 30. The events include its recent token migration, the launch of its very own virtual machine and of course, its much-awaited secret project.
But for now, many are keeping a close eye on the Super Representative election as it will determine which players in the blockchain industry will play a key role in governing the TRON community.
Image via Shutterstock
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