Wealthy Crypto Investors Back Libertarian Micronation with Tax-Free Blockchain Government

Liberland, a micronation on a disputed piece of territory between Serbia and Croatia, has been bankrolled by some of the world's wealthiest men in crypto. Its president, Vít Jedlička, founded the country with the goal of creating a truly libertarian, digital nation that runs on cryptocurrency technology.

The country is entirely tax-free and uses a purchasable crypto token called Liberland Merits to determine voting power. Citizens can vote directly with their money, effectively giving more say to those with more Merits. This has raised questions about the democratic nature of the country.

Liberland's prime minister, Justin Sun, is worth an estimated $8.5 billion and is a key figure in the country's development. He has invested heavily in Tron, a blockchain that is reportedly being used for illicit transactions. Despite this, Sun claims his platform has innovated new collaborations with law enforcement to tackle illegal transactions.

The Trump family welcomed Sun as lead token investor in their own crypto business, World Liberty Financial, where he invested over $75 million. President Trump officially stepped down from the company once he took office but his family trust still owns and profits from it.