Justin Sun, Ambassador and Permanent Representative of Grenada to the WTO’s $200,000 Donation to Ukrainian Government’s TRON Address Sparks a Surge of Humanitarian Aid in Crypto Community
SINGAPORE – Media OutReach – 1 March 2022 – The Russia-Ukraine war has captured the world’s attention and has led to outpourings of humanitarian donations from the crypto community.
Mykhailo Fedorov, Ukraine’s First Vice Prime Minister and Minister of Digital Transformation, posted requests for cryptocurrency donations in the form of BTC, ETH, and TRC20-USDT on Twitter. Justin Sun announceed his humanitarian support for the Ukrainian people and joined in the donation activity with the hope of cryptos to make the world a better place.
Justin also quickly confirmed that the donation addresses, which Vitalik Buterin found suspicious, were legit and gave out his initial donation of $200,000 in the form of TRON-based USDT. Following his act of generosity, crypto heavyweights such as Vitalik Buterin and Changpeng Zhao also jumped on board and gave their humanitarian support to Ukraine.
Donations made in TRON-based USDT soon reached a record high. As of February 27, the TRON address of Ukraine received 1,618 donations totaling $712,062 over the past 24 hours, with an average donation of $440.
Justin Sun’s announcement and action assisted to raise $10 million in less than 48 hours.
According to Justin Sun in his interview with Bloomberg, he made this donation because “this is a monumental moment in the history of humanitarian donation on a global scale.” He also tweeted that he was really touched to see the small donations springing up in the crypto community every minute. Such easy, quick, and small donations made on the blockchain worldwide were non-existent in human history.
The donation is a landmark event in the development of “Blockchain + Philanthropy”. Justin’s words, “cryptos hope to make the world a better place,” were also echoed by the global crypto community. Looking back on the charitable acts of Justin Sun and TRON, they have made relentless efforts to live up to their responsibilities as a top-notch public chain and a global crypto leader to advance the global charity cause.
About Justin Sun
In December 2021, Justin Sun was the winner of the auction for a ticket to the first flight of Blue Origin’s New Shepherd. The total bid amount of $28 million went to Blue Origin’s foundation, Club for the Future, which in turn benefited 19 space-based charities to incentivize future generations to pursue careers in STEM and help invent the future of life in space. Justin will explore space together with five crewmates.
On April 26, 2021, Justin Sun announced that he had joined the Indian coronavirus relief fund launched by Sandeep, co-founder of Polygon (formerly known as Matic Network), and had donated two million TRX.
In May 2020, the President of Uganda extended his gratitude to Justin Sun and other contributors to the “Binance for Children Special Impact Education project,” in which Justin Sun donated ¥7 million (approximately $1.11 million). In addition, the President thanked Justin Sun for his instrumental role in the successful implementation of this project and expressed hope for new partnerships. One year later, the sitting President of Uganda, H.E Y.K. Museveni, invited Justin Sun to his inauguration in May 2021.
Known as the founder of a world-famous public chain, as well as the Ambassador and Permanent Representative of Grenada to the WTO, Justin Sun is also a philanthropist with humanitarianism in his mind. His current status and titles also endow him with more responsibility and capability to advance the global charity cause than others.
His TRON is among the fastest-growing blockchain networks, with its total number of accounts surpassing 79 million. The TRON ecosystem is also in the prime of its growth, maintaining a strong momentum in NFT, DeFi, GameFi, the metaverse, and stablecoins. Typifying the public chains of China, TRON is bound to pack a heavier punch in the industry with its rising global clout and Justin’s staunch support.
By February 28, donations made in TRC20-USDT had exceeded $1 million, bearing witness to another landmark in the history of cryptocurrency donation.
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
In this episode of 'A Working Lunch with Nordin', MGBF's Nordin Abdullah and regional commentator Eddin Khoo will discuss the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
This MGBF Roundtable will feature thought leaders form Japan, Australia, Singapore and Malaysia dealing with the critical issues of manipulation of public listed companies and government and their financial impacts.
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and a round of golf. Aptly themed, the focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that […]