Blockchain startups have been the talk of the town in recent years. Businesses are rushing to take a piece of this pie from Initial Coin Offerings (ICOs) to Government-backed blockchain cooperation. In December 2017, TechCrunch reported that Justin Sun is willing to spend one billion on new investment, and so far, he has yet to disclose what it will be used for.
Justin Sun is Tron Foundation’s founder, CEO, and general manager of Tianya Club. He is also known as “Pei Xia”. “Pei Xia” means “Mr Sun” in Chinese. Justin graduated from the University of Pennsylvania, obtaining a bachelor’s degree in economics and film studies.
Justin’s Journey to Becoming a Blockchain Giant
In 2017, Justin made his first move in the blockchain industry by announcing a partnership between his company, TRON Foundation and BitTorrent. The BitTorrent client downloads popular software like Adobe Photoshop and Microsoft Office. By integrating with BitTorrent, TRON reached over 100 million users worldwide in several countries, including India, Brazil, Russia and others. This partnership also added $7 billion of market value to TRON (TRX).
Later, Justin announced that TRON would carry out a $100 million ICO. It is one of the largest ICOs of 2017. It was meant to finance the development of TRON’s blockchain and promote its vision and mission. The ICO was also very successful, raising $70 million in just five days. It also reached its hard cap at the end of the sale.
On March 31st 2018, Justin Sun launched Project Atlas with BitTorrent to introduce a new platform for P2P decentralised filesharing, which will be built on top of the TRON network. Project Atlas will make it easy for users to upload files and share projects with friends, family, and co-workers. Project Atlas aims to use its blockchain technology to introduce a new model of decentralised peer-to-peer computing that can support the active collaboration of millions of users.
On May 24th 2018, Justin announced the successful launch of Tronbet by launching the first-ever ERC20 token based on the TRON blockchain. Tronbet is a unique platform that will allow players of different games with a mobile device with an internet connection to compete against each other in real-time.