TRON (TRX) Enthusiast Justin Sun on Prioritizing Decentralization and DAO

Justin Sun recently stated that he is ready to spend $5 billion on acquisitions as crypto-firms struggle.

HE Justin Sun Musings:  We are friends with everyone and are always ready to serve.

If you look at the fundamentals—blockchain adoptions, user expansion, real use cases being unearthed, you wouldn’t think the industry is going anywhere down.

E-commerce and a borderless digital economy can address many crises like increased commodity prices, climate crisis, environmental emergencies, etc.

Since DAY 1, TRON has been prioritizing decentralization as a key objective and now with the DAO leadership we are all witnessing a truly decentralized Layer 1 Blockchain that is transparently backed and governed by the community, for the community.  Proud to be part of it.

Crypto needs a decentralized future TRON DAO is leading the industry through stormy seas.  By setting an example and integrating decentralization into its tech and governance, Tron is showing us the future of the web3.

Regarding Srilanka:  Sri Lanka is officially on DAO mode. I have some great ideas on how to get Sri Lanka out of bankruptcy and into prosperity with Web3 as a solution.

 I want them to build a super transparent CBDC which everybody can enjoy the benefits.  In this perspective as long as they are holding transparency, open source, permissionless philosophy I think the more CBDCs we have the better.

Decentralization will only continue to grow as incentives to participate rise. The next generation of the internet will not require any central overhead. Proud to be a TRONICS myself to witness the future of Web3 both on TRON and across the industry.

To build a decentralized stable coin we need to fully build our liquidity 100% on the blockchain rather than CeFi. We are happy to collaborate with CeFi exchanges to build more liquidity, but I think the majority of the it should be on the blockchain.

Clarity on USDD: USDD is a decentralized stable coin that depends on an on-chain mechanism & collateralized assets, unlike centralized stable coin e.x. USDC, which is attached to USD in a very close spread by banking mint and redemption. Certain % of volatility is unavoidable. A market volatility rate within +- 3% considered an acceptable range.

Community Reaction:  If crypto will fix crises in Sri Lanka with crypto adoption (legal tender will result in new crypto hub) then it will be biggest win for crypto community and its future.

Others opine that Sri Lanka will receive no support if it adopts crypto because everyone judges its value against the USD. it does not stand on its own.