Tron’s Justin Sun is Giving Away $1.2 Million in Support for Andrew Yang’s UBI Initiative

| Updated
by Bhushan Akolkar · 3 min read
Tron’s Justin Sun is Giving Away $1.2 Million in Support for Andrew Yang’s UBI Initiative
Photo: Andrew Yang / Twitter

As part of the UBI initiative to weather the onslaught of automation, Tron’s Justin Sun give $1000 to 100 people every month from next year totaling $1.2 million in one year.

Justin Sun, the founder and CEO of the Tron Foundation, has pledged his support for Andrew Yang’s initiative of universal basic income (UBI). In the latest, the U.S. Democratic Presidential Candidate Andrew Yang said that he will donate his campaign funds giving away $1000 to 10 people every month, starting next year in 2020.

Justin Sun, who usually prefers to stay in the limelight, quickly announced his support for the UBI initiative saying that he will give $1000 to 100 people every month from next year. This translates to Sun giving away nearly $1.2 million for the universal basic income in the entire year.

The universal basic income is an initiative which several governments across the globe are considering in order to weather the disruption caused by automation and the rapidly transforming industries.

As we can see in the tweet, Justin Sun will also select one person to join him to the much-hyped Warren Buffett lunch scheduled next year in 2020.

Justin Sun and the Warren Buffett Lunch Saga

Justin Sun has been much in news this year with the much-hyped lunch with investment tycoon Warren Buffett. Among many noted investors, Buffett has also been an ardent critic of cryptocurrencies in the past. During a CNBC interview, Buffett referred to Bitcoin as “rat poison squared”.

Justin Sun had organized this meeting to convince Buffett about the potential future of digital currencies. Although the lunch was scheduled for July 2019, it has been constantly delayed due to multiple reasons. There are different theories behind this delay.

Earlier in July, Chinese media reported that he has been arrested by the Chinese government for illegal fundraising and hasn’t been allowed to travel out of China. However, Sun snubbed off these reports saying that he has already managed to fly to San Francisco.

But in another turn of events, Sun then announced that the lunch has been postponed due to some health issues and Sun needs to undergo a kidney stone operation. Sun had invited several prominent personalities from the crypto industry to join him to the lunch creating a lot of buzz. Later, he also apologized for “vulgar hype and marketing behavior.”

In the latest update, Tron’s communication director spoke to Block TV saying that the lunch plans are still on the cards.

Tron’s TRX Giveaway

Over the last few months, Tron has been attracting news users and investors to its platform with its popular giveaway plans. In the latest, the Tron Foundation has announced prizes worth 50,000 TRX on its Telegram channel. In the below tweet, the Tron Foundation has also mentioned steps to qualify for the giveaway.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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