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Justin Sun Donates $1 Million For Greta Thundberg

3 min reading

TRON's founder, Justin Sun, has publicly committed to donating a million dollars to Greta Thunberg, a young, Swedish activist. What was his reason?

Raising awareness about the climate crisis

The founder of TRON (the company associated with TRX cryptocurrency), intends to donate as much as one million dollars to Greta Thunberg. The woman is fighting to increase global awareness about the climate crisis. He published this information through social media, Twitter specifically.

As a response to bad results of last week's COP25 UN climate conference organized in Madrid, Justin Sun wrote that, as a young entrepreneur, he shares the passion of Greta Thunberg, who strives to change the world. He added as well that cryptocurrencies may also help reduce the carbon footprint by implementing decentralized settlement. Lastly, he underlined the fact that he committs to give Greta one million dollars.

Criticism from the cryptocurrency community

Despite Justin Sun's good intentions, his initiative was misunderstood by many people. Numerous words of criticisms appeared under the tweet in which respondents described the Swedish activist as a puppet and as a "poster child". Some said TRON is too serious to be involved, and Greta herself does not deserve to be mentioned in the cryptocurrency world.

Some people, on the other hand, have commented on Justin Sun's intentions in a rather sarcastic way, accusing him of taking advantage of the situation in order to raise the price of TRX cryptocurrency. One of the Twitter users accused him of trying to earn on compulsory carbon credits too.

Cryptocurrency environment and the climate crisis

Some time ago, the Business Times portal reported that a carbon exchange based on blockchain technology was launched in Singapore. In the future, the exchange will be supposed to offer stakeholders the opportunity to trade in securitized (converted into securities) carbon dioxide emissions. The platform is called AirCarbon. Its main goal is to provide corporate buyers with ready supplies of credits and, thus, to obtain the carbon offset. Carbon credits are to be converted into security tokens which will later be secured with one equivalent carbon credits' tonne.

A quite interesting initiative was also shown by the liberal German party, which advocated the use of virtual currencies to reward the most active activists focused on removing carbon dioxide and other greenhouse gases from the atmosphere. The organization proposed the issue of a special token called Arbil.

Its motto is: Put CO2 on the digital chain. Its assumptions show that it is no longer enough to focus on introducing less carbon dioxide into the atmosphere exclusively. If the world really wants to slow down global warming, people should remove harmful substances that have already been emitted.

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