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Former Grenadian diplomat Justin Sun has been appointed as the new Prime Minister of Liberland, a territory not recognized diplomatically by any state. This development marks a significant political event for Liberland, which is also the subject of an updated analysis regarding the price of TRX. As of the writing of this piece, Bitcoin (BTC) 
$103,403 is positioned around $60,300 and is trending towards lower levels.
Justin Sun as Prime Minister
Officially known as the Free Republic of Liberland, this micro-state was declared on the west bank of the Danube River. Although it is not recognized by United Nations member countries, it fulfills the four criteria necessary for statehood. The region, founded by President Vít Jedlicka, emerged from a border dispute between Croatia and Serbia. Various activities, including citizenship applications through its website and services integrated with Tron, have kept the region in the spotlight.
In a recent announcement, authorities from Liberland elaborated on the details of the election of their new president.
“The results of Liberland’s Congressional Test Elections have been finalized.
This indicates the full implementation of our blockchain-based election system, ensuring that the results are final and immutable.
The election process, governed by a simple set of rules, was entirely algorithmic and transparent. This system has a unique ability to eliminate doubts about election results, a challenge still faced by many countries relying on traditional methods. We are a pioneering example of what is likely to become a widespread practice soon. The Liberland Congressional Elections brought significant and effective changes to the Congress. Justin Sun emerged as the winner of this election. Alongside Prime Minister Sun, three members from the previous election term were reelected.”
In summary, the yet-to-be-recognized micro-state of Liberland has elected former Grenadian diplomat Justin Sun as its new Prime Minister and announced a real example of how blockchain can be utilized in elections.
TRX Price Commentary
Since the end of August, TRX has maintained support at $0.147 and is currently focusing on lower levels following recent sales at around $0.161. The decline in Bitcoin’s price to $60,000 during the writing of this piece has contributed to this trend. Many cryptocurrencies have experienced a loss of about 3%, and potential declines may lead to retests of the $0.1577 and $0.1534 levels.
