Bitcoin Forum

Justin sun retiring from Tron and becoming an ambassador of the Grenada government to the World Trade Organization.

How it will Impact Tron Growth?

https://www.coindesk.com/business/2021/12/17/justin-sun-is-retiring-from-tron-but-not-crypto/

I agree with what he wants that entirely relying on the U.S. market will lead you to more uncertainties that could negatively impact your life. I am curious about what he could do with his influence in the crypto market. It's no joke that he has a lot of things that have been done in the past, but I think it has helped crypto somehow.

For the growth of Tron, it would depend on who will lead it for sure.

He wants to become a blockchain tech ambasssdor but
I don't know about you but anyone who is aiming for a position like that should be as neutral as possible. I can imagine him talking to the public promoting blockchain while using Tron as main example. There is a level of influence there which is almost the same with shilling his own bag.

Whatever he says, I think tron will be forever attached to his name forever. It's like Vitalik to eth, that's how it goes. Whether he declared staying away slowly from Tron people will always recognize him as part of it and for sure he will always have time for tron, no matter what agenda he has now since its his legacy anyway.

It will not give any impact to the tron's. I can't deny the fact that if tron foundation is nothing compared with the new foundation like solana, etc. This foundation is lack of innovations on its product. So many platforms that already bought by tron has become useless platforms. These platforms are not even popular anymore.


He may come again with the new project in the future but again none knows about this for sure. Becoming an ambassador for grenada government will not give any impact to the price of tron. He may have a reason for his decision to leave the tron foundation but he stated that if he was moving away from tron.

Definitely it will have a huge impact of Tron as he is the face of it and we all know how Justin shills for his project that's why it is still relevant up to this day.

However, this is quite a surprising news to me, how can Justin leave Tron though?

Can he make more money becoming an ambassador?

And it will be interesting who will replace him or at least who will be the next one who is going to project Tron to the next level as it didn't enjoy a much needed growth this year.

Well whether Justin retires or not, tron as a company will keep moving forward, what is important is the next person to fill that space,  how competent he/she would be to handle that position and push the company higher than it already is, Justin wants to pursue other goals I think that's completely fine.

I don't know any ‍authentic news regarding it about this. But it seems to me that since he is the head of Tron, he will do something positive for Tron as well as Crypto. He will definitely develop tron and try to better adaption to the  crypto space.

The due recognition of the #blockchain industry by sovereign states will be the final milestone towards achieving a truly decentralized financial infrastructure," he added.

After hearing this news, I made the tron holder as usdt. I was waiting for a surprise from Justin, the founder of Tron, that turned out to be reporting something different, I hope that with this news, Tron will continue to run, even though I don't know what happened behind the scenes from this founder until his retirement.?

Good catch, so still a win-win for him and for Tron. I mean going out in the public for convention and then it become a Tron like promotion. So maybe this is the main reason why suddenly he abandon Tron from face value, but it looks like he has a narrative behind all of it. And we all seems to know that Justin is known to shill for Tron on whatever and whichever capacity he has, whether in social media or in the public itself. So this is a good avenue for him.

I believe that the news has a negative impact on the price of Tron (TRX) in the short term, but we all know that the Tron (TRX) community is also very strong, so there will be no lasting negative impact on prices.

In the news I read (https://finance.yahoo.com/news/justin-sun-retiring-tron-not-110000697.html), Justin mentioned that he retired from Tron (TRX) but not from the crypto world. He also said that he has plans to promote blockchain and crypto in Grenada, I think in general this will really help the crypto world.

He will probably just be shilling Tron to death wherever he goes, and I remember he's trying to catch a position in the public office, hence why he needs to step down on his position on Tron and be an unmarked man so as not to mix his priorities and interests. Tron would still be Tron even without Justin, and perhaps the next one to replace him will bring even more change and advancements to it.

I don't think that Justin's retirement will affect his Tron project, as we all know that Justin was a cryptocurrency veteran and did a lot of work that can't be lost on the minds of crypto users. But the question remains, who will continue to manage this project?!!!

Sorry to say but I believe that Tron is a failed smart contract project simply because of Justin sun himself, the guy makes Tron TRC20 looks like a centralised entity because he always demand a percentage of the coin max supply from the team, this happened with few projects that later abandoned TRC20 blockchain

Justin sun played a big role in trons massive growth and adoption. His leadership propels the project in a multi-billion dollar company and his vision of fast transaction is really great too. But, if ever he feels that he isn't enough to be an CEO anymore, then his decision is probably good for overall development. I hope the next in line is ready and could bring good developments to tron.

Real influencers who understand and involve in crypto technically do have big impact when they want to show their power. Justin Sun is a guy like that and similar to Charlie Lee of Litecoin years ago. Charlie Lee sold all of his Litecoin and now Justin Sun wants to retire from TRON.

It is something we have to accept. Decentralized projects will have their founders leave, retire etc. We already heard that Jack Dorsey might leave the CEO position of Twitter.

Overally, crypto projects should be decentralized. They should be developed and operated by community, brains from community should be bigger than brain from a single developer or a group of core developers. Network operations, decisions should be made by community votes, exclusively holders and their vote power will be identified by weight from number of coins or tokens they are holding.

One of the Figures who spoke there also had an effect on market movements,
Although the chances are small, the owner (trader) of buying and selling and supplying activities that makes [Tron] fluctuate and expand. He knows (Justin Sun) what to worry about. Meanwhile, crypto [TRX] can be anonymous and massive on its own. or move it without interference. When choosing to work on a large scale (representing and managing national trade) this is very honorable in my opinion, but until whenever the creator will always be remembered because he has done his main service for his lovers.
Do you even believe this will make a little worry in your mind?

does that mean he gave up on tron?
he resigned at a time when the competition for the Dapps platform is very tight right now, this is surprising to me. unlike other project founders who are increasingly focused on developing the platform, he prefers to leave. hopefully in the hands of the new leader tron can be better.

Not good for tron. Many new things were we expecting from Justin that he will announce. Tron is now at crucial stage. It will take now more time to show power.
It is a time,Tron should do something big otherwise this project can fail and will remain only meme coin.

I'm a bit surprised to see that but this is just another buzz word from him. He may retire from developing tron but he will always watch the progress of tron foundation as this is his best achievement and that is also a thing that makes him to be new millionaires since tron was able to be worth billions of valuation. He was only leaving from the daily development of tron but he was not retire from tron.
In my understand if he will always try to shilling for TRON. He was a tron die hard. I'm thinking that if he wants to start a new project or maybe this is only me but let's see.
I just wanna know what relationship between him and grenada government.

If that does not relate to the Tron project and is related to Justin Sun himself, that will not impact Tron's price because that is personal. But that can impact Tron because Justin is part of the Tron project. But if he talks about Tron while he is the ambassador, that may help Tron's popularity and gain attention from the investors who can impact the Tron price. If you want to see what will impact Tron, I suggest you watch the Tron market closer to know if that can impact the price to increase or it still stays at the current price.

I think you can't separate Justin Sun from Tron itself. Like Charlie Lee when announcing that he sold all of his LTC in 2017. Although Lee is still working with Litecoin Foundation.

So it will be same here, although as of now Justin is no longer with Tron, his name will be synonymous with it wherever he goes.  So far though it hasn't had any effect on the price, as all coins are really down so we can't see the real impact of this news.

I think there will be no effect on Tron if Justin sun is retiring from Tron because every company and network is not closed for retiring any person and no effects on the price, so Tron blockchain will continue with no effects.   

It's purely his decision to step down from the Tron. Tron chain has a good reputation in the market I don't think so there will be any impact on Tron. Tron will grow I believe he will keep supporting Tron. I hope whomsoever will be replaced in Justin's place will take care of Tron further development.

Outside enjoying low transaction fees and sometimes free withdrawal fees when moving USDT from exchanges using TRC20, I don't think I enjoy other things in Tron blockchain, it's a very old blockchain but Solana network has gained more traction than it. I wish him well my apeNFT is already in the dip, hoping for a proper development to bring in more value.

He might step down as the ceo but his crypto journey won't stop.

I think it's just another journey for him to make and whatever his next steps are, he's still going to bring tron under his arms.

There is no doubt that the blockchain will continue to work in the same mode after Justin Sun left the post of CEO of the Tron foundation. But whether there will be new ideas that Justin Sun previously generated and which will be able to bring Tron to a leading position in the market under these conditions is questioned.

Good point, he's still behind this coin even he step down. Maybe another person will handle the operation
but he will still have the guidance to make sure that this project will continue to progress, he already gamble
his name with this coin, he will pursue to make sure this coin will continue.

I agree with this because indeed when he retires from tron it doesn't mean he relinquishes all of his assets there and it needs to be straightened out that you can't make good things with the examples of coins that he has because that would be very unfair.
on the other hand his intentions are very good and I really appreciate that because this is a pretty good thing he did

Most likely, this will have a positive impact on everything related to Tron, because this is another informational occasion, which, as is customary in the current conditions, will be used as a publicity stunt. For the price of Tron and its holders, this is definitely additional support.

Yes.

That's likely that whoever is going to handle his position, he's still the main man of it. There's just a person that have replaced him but there's still a big courtesy coming from him.

We don't know but usually that's what happens.

Whoever would replace him, I hope he/she will be able to help TRON coin to grow.

This bull run, TRON is one of the most underperformed assets in the market, and with a huge trading volume, I was expecting that it will be as profitable as ADA, unfortunately it didn't happen, so maybe it's a good idea to have a new CEO to manage TRON, maybe we will see a more progressive developments compared with Justin Sun's time.

Throughout the bullish season there is no big market push. This has been termed as a reason of his concentration and lack of upgrade. I'm not sure, how far this is true. However his contribution to the technology is really big, because he made a big change through the low transaction fee. It looks like he has done his work and the rest has to happen through someone else. Lets hope the new CEO will  bring more changes to the network and market.

Whoever will take his place needs to work on their development and innovate something new to the public where they gonna do something to or make some their product unique to other competitors. Because right now they are left behind and most of the investors won't have any reason to switch to their Network if they can find the same services on their current preferred smart chain network. It would be good if Tron can catch up because we know it is legit and another opportunity to invest.

Justin Sun is a very influential figure in the Crypto community and has been Tron founder and leader, his departure is definitely going to affect Tron negatively if the Tron foundation keep doing what they have been doing i.e. almost nothing.
But it could also be an opportunity for Tron to get new direction and new ideas which could boost the growth of Tron.

Exactly. That is what came to my mind because no matter if Justin Sun left the Tron project, I do not think he will really do that as Tron is on his mind and will still be. But he can become an ambassador to help the other programs and who knows, he can take advantage by developing more the Tron project that can grow in the future. Besides that, he can give an example of the Tron project and what he already did with the Tron project. I agree that the situation in the market now is because Bitcoin is down deeper.

He intends to push tron forward, but not as an active player. Support for Tron will continue, just not directly as much and with a lot more community involvement. However, the technology does not appeal to everyone in cryptoland. There have been many projects showing massive profits in contrast with TRX. TRX executed poorly despite a good vision, turning it into a circus.

This move usually taken by the CEO who already found out someone who could make the projects better in the future, just like the bill gates doing and recently has been done by former CEO of twitter jack dorsey.
It's almost impossible to them to leave the company that they built since the beginning, they did that because of that was the best way to make the company growing bigger and catch up the trends. So, actually this is a good news.

Justin Sun announced in an open letter that he is leaving the TRON Foundation and becoming the Grenada government's ambassador to the World Trade Organization."My career will focus on legitimizing blockchain technology at the nation-state level," Justin commented on his departure. Tron didn't react with a rapid crash as Justin Sun retired not because he didn't believe in Tron any more, but because he wants to focus on some other important things. If Tron continues building partnership with different well-know companies, it will grow in the long-term.

Honestly I do not know how helpful he will be towards Grenada on the world trade organization, maybe he will be great for them or maybe he will be useless, but it is definitely a great news for Tron for sure. Dude was seen as a centralization figure and was not really liked at all, I am sure that people will eventually realize that he is gone and they will start to see Tron finally being decentralized and that will boost the price of TRX for sure.

Obviously this depends on if they will be actually decentralized or not, if he left but he gave that position to someone else and they are not doing well again and centralized again with simply just a name change then I do not know how well TRX could do.

Justin Sun can be retiring from tron but not from crypto. Once you join this you can't leave.
Maybe the key reason why he decided to leave because he couldn't push the price lower. #KEKW

Justin Sun’s up coming new position as ‘Ambassador of the Greneda government to the World Trade Organisation’ could open up more ways for cryptocurrency to gain wider acceptance. He has mentioned that he is not retiring from cryptocurrency, that means, in my opinion, he is probably retiring from Tron to enable him manage the work load of his new position, not that he will remove his eyes entirely from Tron. Being the founder of Tron, he cannot watch and see the ‘building he has erected’ to collapse. Definitely, he will ensure that Tron is managed properly and will definitely hand over to a hardworking trusted entrepreneur like him, who will continue to steer the ship. Justin Sun’s new position will boost the growth of cryptocurrency as well as increase cryprocurrency adoption for the countries/locations that still look at crypto as odd in the financial industry. While his new position is not directly tied with cryptocurrency, he will indirectly impact the crypto world. That means he will indirectly impact Tron.

Why am i finding this hard to believe....Is this not just a similar case as CZ of binance had which we witnessed of him stepping down ....and this might be the case as Justin Sun has been pressed by regulators and to avoid or prevent the inevitable from happening, they are trying to get someone that wont put the companies name into disrepute, so he steps down and leaves room for one or more directors to come in for different offices..

It will be the same as the founder of Dogecoin, I don't think Justin Sun resigned from the CEO position to avoid as much pressure from the US regulators as XRP and Terra experienced, but he will still be around and always provide many ideas for the future development of Tron, the Tron network. not as popular as some other new projects, but Tron has the ability to stay around and make a lot of contributions in the crypto space

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TRON is a strong coin, I'm sure this won't have a significant impact on the future of TRON, especially since the team at TRON other than Justin Sun are professionals, I've always followed TRON's development since I was an ERC20 token.

Despite the fact that Justin Sun is leaving the Tron foundation, but he remains loyal to TRX and continues to shill. In his tweet today https://twitter.com/justinsuntron/status/1473641965979897862?s=20 he invites you to fly with him into space on a Origin rocket, one of the team members will be a member of the TRON DAO community. Details: https://seaofstars.tron.network/

I think TRON will still exist and be independent without Justin behind him. As we know, the TRON network has spread everywhere, we are talking about how many wallets and markets have used TRON as a network option for their users, this will make TRON exist and run forever with his support or not.
And for Justin, the name TRON will always be his nickname everywhere in the world, even though now he has said he let TRON go.

To me, it is more about the utilities and uses cases of Tron as a decentralized blockchain technology than whether Justin Sun leaves it or not!

These days, TRON has grown a lot and will continue to run longer with even more potential.

New projects will adopt its TRC20 network because it is cheaper and faster than many other networks.

New start-ups in the Defi space will profit from TRC20, similar to the new Ferox project. Tron no longer needs Justin as a central leader to make it succeed.

So, let's wait for a bigger Tron growth.

I am realy regret after reading this. I was extremely bullish for tron. Tron project will now take som much time to reestablish. Justin was experienced person and tried best to do for tron. Now we need a replacement of top class person whi lead tron.

Seems to me that the decision to retire from tron was completely in his own interests. Perhaps he got tired from crypto and decided to try something new. Ambassador status comes with a multitude of priviledges and responsibilities. Is there any mention of who will replace him? Depending on the answer, the impact to the tron price may be quite severe. We need a well known face to take his seat.