On 6th August, Justin Sun announced that Raybo, the Chinese blockchain giant, will be running for the Tron Super Representative position. The Tron Foundation has stated that the inclusion of Raybo in the network will make the network more inclusive and will provide more outreach.
The tweet stated:
“Raybo will run for #TRONSR. Raybo has been committed to promoting decentralized distributed clearing technology represented by Ripple in Greater China, promoting blockchain clearing technology in financial institutions such as banks. #TRON #TRX $TRX”
At present, Tron has over 63 candidates for the Super Representative position. Raybo aims to become part of a community, which is said to “display Tron’s inclusiveness and openness as a decentralized and autonomous community.”
As an SR member of the Tron Foundation, they will have a major role in the future governance structure of the firm and will mainly represent the will of the people. It is also said that the Super Representative will act as guardians of the Tron network and actively participate in the calculation and validation of the network.
The entire process of the candidacy for the Tron Super Representative is democratic with the ultimate goal to ensure proper governance of the network. Raybo has also stated that “it is willing to participate in carrying out the efforts of promoting the blockchain technology.”
Emmy, a Twitter user commented:
“ Its amazing! Thank you very much Justin Sun!”
Tokenview, a Twitter handle stated:
“Just pump it!”
The Tron Foundation was also in the news for conducting its first-ever global all-hands meeting, where all the members from Beijing, as well as San Francisco, attended the meeting. The Foundation stated that the Tron family has grown from 108 members to 300 members. They have stated that this will allow Tron to surpass Ethereum.
With recent updates on the Tron network, the company has made it a priority to increase the user base and the number of ‘TRONICS’ present. The company stated that the online store was opened for flash sales on 30th July to a grand reception. The report also shows that on 28th July, Tron had an activity collecting videos related to the Tron Independence day and Tron Virtual Machine releases on Facebook.
Subscribe to AMBCrypto’s Newsletter