Liberland is a phenomenon in Southeast Europe that elected crypto millionaire Justin Sun as Prime Minister in a special election.
Who rules over which country? Justin Sun is a 34-year-old Chinese man who was recently elected prime minister of the so-called Free Republic of Liberland, according to the micronation’s official website. Sun is a crypto millionaire and founder of TRON, a blockchain currency. However, he is also the focus of the US Securities and Exchange Commission, which accuses him of fraud and money laundering (via financefeed.com)
Liberland is an area of 7.2 square kilometers claimed by Czech politician Vit Jedlicka in 2015. To put it into perspective: Lichtenstein is more than 20 times larger.
It is found on the Danube, the course of which forms the border between Serbia and Croatia. It’s not a recognized state, but its new prime minister has big plans and compares the supposed nation to the Vatican City (via X).
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A utopia of free economics and crypto
What exactly is Liberland? Liberland is not recognized by any country in the world. It is essentially a geography accident caused by a legal error. The border between Serbia and Croatia runs through the Danube – a classic in world history. But the river has been drastically straightened in the past and that leads to disputes.
This has created areas of land whose distribution Serbia and Croatia cannot agree on. The area on the Danube has been unclaimed for several decades.
How was Justin Sun chosen? Liberland’s electoral system works differently than usual and contradicts democratic standards such as “one person, one vote”. Anyone who wants to become a citizen and gain the right to vote must first acquire 5,000 Liberland Merits (LLM). An LLM costs $2. But that only brings in the minimum voting rights.
The more voluntary taxes are paid through LLM purchases, the greater the political influence. So whoever invests the most money in Liberland also has the greatest voting weight.
What is Justin Sun up to? According to his statement on X, he wants to make Liberland a center for freedom-loving people. He envisions a status for Christianity similar to that of the Vatican City. Vit Jedlicka, the founder of the state, has been the country’s president since the beginning.
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