SUN Coin

Today, Defi platforms are receiving more and more attention in the crypto space. So in 2020, one of the most popular companies to enter the crypto industry, Justin Sun’s Tron Foundation, won the hearts of many investors with its new DeFi platform called SUN. Described as the “quintessential Bitcoin equivalent of TRON,” SUN is a voluntary project operating on TRON’s TRC-20 token standard. A community dedicated to managing operations through smart contracts. So what exactly are SUN and SUN COIN, and what’s so special about them?

What is the SUN Platform?

SUN is TRON's first one-stop platform that supports stablecoin exchange, token mining and autonomy, providing TRON community members with better stablecoin exchange rates and more diverse mining options.

SUN's primary purpose is to exist as support for the TRON protocol, which aims to create a decentralized Internet ecosystem. By locking SUN tokens, users will receive governance tokens on SUN, allowing holders to vote on the weight of each liquidity pool. This weight determines the reward percentage that each liquidity pool receives, which is derived from 50% of all transaction fees on the Sun.io DeFi platform. Lock-up periods range from six months to four years, with longer lock-ins yielding greater returns and voting rights.

SUN pays special attention to DeFi and promotes its penetration into the TRON blockchain. As such, its functionality mimics that of the platform’s native DeFi tokens and rewards users for staking other tokens and participating in the governance process. It will primarily appeal to existing TRON users and those familiar with DeFi staking and related activities. This is in stark contrast to TRON itself, which raised over $70 million in an initial coin offering (ICO) in 2017.

SUN is promoted publicly, and although the identity of its developers has not been officially disclosed, a dedicated community is responsible for its activities and development. True to the DeFi slogan, all operations and updates are performed on smart contracts according to community governance processes. SUN’s white paper calls this a “social experiment” and plans for a future state where the token “can also participate in decentralized lending, insurance, liquidity, stablecoins, etc.”

What is SUN Coin?

SUN Coin, also called Sun Coin, is a digital currency developed and run by Sun.io on the TRON blockchain, aiming to achieve decentralized finance. Many people compare Suncoin to Bitcoin. Suncoin cannot be pre-mined, and its white paper states that the only way to obtain Suncoin is through mining. This is done by staking TRX or other tokens issued according to TRON’s own TRC-20 standard.

SunCoin has two mining phases: the genesis mining lasting two weeks in September 2020, and regular mining thereafter. 9.34% of the total supply of SunCoin has been mined during the genesis mining phase. The total supply is 19,900,730 SUN. Suncoins are allocated to users based on the value of their holdings and the time they have invested. According to the whitepaper, users can stop staking at any time and claim their SunCoin shares. The functionality of SUN Coin is very similar to that of other Defi coins, in terms of staking and governance.

Advantages of SUN Coin

• Low handling fee: Each transaction conducted with Suncoin only costs 0.04%, significantly reducing user costs.

• Reduced transaction slippage: Users will be able to earn more tokens when exchanging large amounts of tokens.

• Reduce losses due to volatility: Significantly reduce financial losses caused by liquidity providers due to price fluctuations.

How Will SUN Develop in the Future?

SunCoin is now well known in the crypto world as a very promising cryptocurrency. SUN is a serious project with a strong cryptographic team with extensive expertise.

Currently, Suncoin is growing into one of the largest cryptocurrencies in the world. This is due to partnerships with several large companies and the acceptance of SunCoin by the crypto community, and the future of SunCoin looks very bright. These two factors also help predict the SunCoin price well in 2023.

As more and more people invest in this cryptocurrency, the price of SunCoin is rising. Many crypto experts believe that the price of SUN coins will rise significantly in the future. This is partly because the cryptocurrency market is often growing and becoming more widely known, and even governments are interested in it.

However, the crypto market is very volatile. Large price increases and price decreases can be common. For this reason, we recommend that everyone pay close attention to the latest news and Sun route of Sun Coin before investing in Sun Coin.