Proposing ‘FreePavel DAO,’ TRON Founder Justin Sun Guarantees $1 Million in Funding

Posted by cryptonews Crypto News August 26, 2024 3k Views

Justin Sun has pledged to contribute $1 million if community backs.

Telegram founder Pavel Durov’s recent arrest in France, has led to industry-wide attention and support from prominent voices including Tron founder Justin Sun.

With the “FreePavel DAO” initiative, Sun has suggested a fresh, decentralized method of providing assistance. For Durov’s legal defense, Justin Sun has called for the community’s assistance in forming a decentralized autonomous organization (DAO).

“To support Telegram founder Pavel Durov’s legal freedom, we should organize a FreePavel DAO to demonstrate the unity of the cryptocurrency industry.”

Sun’s concept combines crowdfunding for legal defenses with blockchain technology, entailing the creation of a decentralized fund.

On Saturday, French authorities arrested Pavel Durov, the CEO of Telegram. The absence of formal charges has resulted in widespread conjecture, despite initial reports suggesting problems with Telegram’s content moderation procedures.

Justin Sun also tagged Elon Musk and Mario Nawfal, in a move to get them involved in the initiative.

Telegram, in the meantime, supported their CEO and demanded a speedy conclusion. The messaging app made a post on X highlighting its compliance with EU regulations, such as the Digital Services Act. Further, it noted that CEO Durov frequently travels in Europe and has “nothing to hide.”

“It is ludicrous to hold a platform or its proprietor accountable for misuse of said platform. We anticipate that this issue will be resolved quickly.”

Justin Sun Pledges $1 Million in Donation

In addition, the founder of Tron has promised to donate $1 million if the community supports the concept of “FreePavel DAO.” Justin Sun emphasized that it should be done in a “decentralized way.”

“I’ll donate $1 million if it’s created in a decentralized way with enough community support.”

The FreePavel DAO project by Justin Sun is a testament to the value of industry cooperation and creative application of technology for social good.

Meanwhile, Vitalik Buterin, the co-founder of Ethereum, has voiced concerns that Durov’s arrest might create a risky precedent that would restrict user privacy and freedom of communication in Europe.

However, Buterin noted that the charge appears to be “unmoderated” and does not release personal information.

“This looks very bad and worrying for the future of software and comms freedom in Europe.”

Tags: