Justin Sun, born in July 1990 in Xining, Qinghai Province, is a highly regarded figure in the cryptocurrency circle. His rise to fame is full of legends, from an active member on campus to a rising star in the cryptocurrency circle.
Sun Yuchen's academic experience is quite impressive. In 2007, he won the first prize in the 9th New Concept Composition Competition and obtained the qualification for the independent enrollment interview of Peking University. In the same year, he successfully entered the Chinese Department of Peking University. However, after one year of study, he transferred to the History Department. During his time at Peking University, he actively participated in various activities. Not only did he win the title of the top ten speakers of the 9th Peking University, he also went to the Chinese University of Hong Kong for exchange studies in history. In 2010, he represented Peking University in the Harvard University World Model United Nations Conference held in The Hague, the Netherlands. In the same year, he interned at the headquarters of Southern Weekend, and founded (Weekly Review) in the style of Hu Shi. He also founded the Peking University Western Studies Society and served as its president. In the same year, he received funding from the "Jun Zheng Fund" of Nobel Prize winner Dr. Tsung-Dao Lee to go on an exchange program at National Tsing Hua University in Taiwan, China, and was awarded the title of "Jun Zheng Scholar". He also received admission letters from prestigious American universities such as Stanford University, University of California, Los Angeles, and the three Ivy League schools (Dartmouth College, Columbia University, and University of Pennsylvania). In the end, he chose to pursue further studies at the University of Pennsylvania.
While studying at the University of Pennsylvania, an Ivy League school in the United States, Justin Sun started his entrepreneurial journey and founded Kingview International and served as its chairman. His program (Three People Studying in the United States) became a highly recognized and widely disseminated interview program among Chinese students studying in the United States. Kingview International then expanded its new media platform, and the brand (Three People Studying in the United States) developed into the first new media platform and content provider between China and the United States in three years, with Chinese students studying in North America as the operating body and young people who pay attention to China and the United States as the target audience.
What really made Justin Sun enter the cryptocurrency circle was his investment experience. While studying in the United States, he used his tuition and living expenses to start investing. He first invested in Tesla and earned more than 4 times the return, and later invested in Bitcoin, earning more than 20 times the return. This experience made him active in the US Bitcoin community and aroused his strong interest in cryptocurrencies and decentralized clearing protocols. After research, he became interested in the world's first distributed clearing payment network protocol - Ripple protocol. Inspired by the investment in Bitcoin, he gave up his doctorate in law in the United States and joined RippleLabs at the end of 2013, becoming one of the creators and developers of the Ripple protocol and the first employee of RippleLabs in Greater China.
In 2014, Sun Yuchen returned to China to found Ripple and served as CEO. Ripple became China's first Internet technology company engaged in the development of decentralized clearing system products. In the same year, RippleLabs appointed him as the chief representative of the Greater China representative office, fully responsible for Greater China business. In April 2015, Ripple received a US$10 million Series A financing led by Xinzhongli Capital and followed by IDG Capital, Zhongke Capital, Tsinghua Holdings Science and Technology Innovation and other investment institutions.
In July 2017, Justin Sun founded the blockchain project TRON, dedicated to building a global decentralized free content entertainment system. This became a key step in his fortune in the cryptocurrency circle. On July 24, 2018, Justin Sun announced the successful acquisition of BitTorrent and all its products, and incorporated them into the TRON ecosystem. With the support of BitTorrent, the development of the TRON ecosystem entered the fast lane. Half a year later, BitTorrent launched the decentralized P2P protocol token BTT. Since then, TRON has continued to develop. On March 5, 2019, the TRON Foundation and Tether announced a cooperation, and Tether will launch USDT on the TRC-20 technical standard on the TRON blockchain. On November 5, 2021, Justin Sun announced an investment of US$1.1 billion to promote the rapid development of the TRON ecosystem. On May 5, 2022, TRON's decentralized algorithmic stablecoin USDD was officially issued, and on June 5, USDD was officially upgraded to the world's first decentralized super-collateralized stablecoin. On October 10, 2022, Justin Sun became a member of Huobi's Global Advisory Committee, further expanding his influence in the cryptocurrency field.
During the development of Tron, Justin Sun has also been controversial. He was sued by the U.S. Securities and Exchange Commission (SEC) for alleged illegal sales of securities, fraud, and market manipulation. Even so, Justin Sun and his Tron still occupy an important position in the cryptocurrency world. He has become a high-net-worth tycoon in the cryptocurrency world by virtue of a series of operations and the development of Tron. His wealth and influence continue to ferment in the cryptocurrency world.#币圈暴富 #孙宇晨购得喜剧演员 #加密货币普及
