Categories: Analysis

Find out what SUN is? Detailed information about the SUN Coin

What is SUN (SUN)?

SUN is TRON’s first one-stop platform supporting stablecoin swaps, token mining, and self-management, providing members of the TRON community with better stablecoin swap rates and more diverse mining options.

Highlights from SUN

Stablecoin swap (token swap)

SUN will introduce a stablecoin swap pool (3pool) to enable exchanges between USDT, USDJ and TUSD. In addition to higher efficiency and security, this swap pool offers the following advantages over other swap platforms:

  • Lower processing fees (only 0.04% per transaction), which significantly reduces costs for users;
  • Reduce transaction slippage. Users can get more tokens by exchanging large amounts of tokens.
  • Reduced temporary losses, which significantly reduces financial losses due to price fluctuations for liquidity providers.
  • In the future, SUN will introduce more stablecoin swap pools to evolve into a stablecoin swap platform open to all users.

Token mining

The SUN platform will also implement a token mining function. There are two ways for users to ditch rewards:

By providing liquidity for swap pools on the SUN platform, in addition to 50% of the processing fees that users can receive, users can receive LP tokens which are then used to mine SUN tokens.

Users can also earn mining rewards by staking SUN. There are two types of staking:

  • Stake: By staking SUN tokens, users can earn 50% of 3pool processing fees that are distributed in TUSD tokens.
  • Stake & Lock: Users not only deposit their SUN tokens, they also block them. In addition to the basic TUSD reward, users can earn additional SUN tokens derived from the penalty fee incurred when prematurely stopping LP token staking mining.

Community self-government

In parallel with the upgrade, SUN will launch a local government plan to expand community autonomy. Community members can make decisions on issues including, but not limited to, LP pool size, rate of depletion, and processing fees. As a governance token for the platform, SUN grants community users the right to propose SUN and vote with SUN to decide on important issues, as well as benefits such as capturing values ​​and staking rewards

Basic information about the SUN token

  • Token name: Sun sign
  • ticker: SUN
  • Blockchain: Tron
  • Token standard: TRC-20
  • contract: TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S
  • Token type: Utility, governance
  • Total offer: 19,900,730,000 SUN
  • Circulation supply: 4,972,136,000 SUN

Token assignment

Update

What is SUN token used for?

Mark out.

Liquidity Provider Rewards.

SUN token storage wallet

Since SUN is a TRC-20 token, you can save this token in the following wallets: Exchange Wallet, Trust Wallet, Ledger …

How to earn and own SUN tokens

Buy directly on the exchange.

Where can I buy and sell SUN tokens?

SUN is currently traded on many different exchanges with a total daily trading volume of approximately $ 99.4 million. Exchanges listing this token include: Binance, Huobi, MEXC, Gate.io …

What is the future of the SUN project, should I invest in SUN tokens or not?

Sun is a platform based on the Tron blockchain that supports users with stablecoin swap and token mining functions. Through this article, you must have some understanding of the basic information about the project in order to make your own investment decisions. CoinCu is not responsible for your investment decisions. I wish you every success and a lot of profit from this potential market.

CoinX

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