Contacto
Sitio: sun.io
Revisión experta
Nov 24, 2020

What Is SUN (SUN)?

SUN (SUN) is a cryptocurrency designed to further the development of decentralized finance (DeFi) on blockchain network TRON (TRX).

Described as “the quintessential Bitcoin equivalent on TRON,” SUN is a voluntary project which runs on TRON’s TRC-20 token standard. A dedicated community administers operations via smart contracts.

SUN’s genesis mining phase began at the start of September 2020, lasting for two weeks before the official launch. Participants can stake TRON’s TRX token or other TRC-20 tokens to earn rewards and governance rights for SUN.

Who Are The Founders Of SUN?

SUN is closely associated with TRON, and conspicuously bears the surname of TRON’s founder, Justin Sun.

Sun is a well-known figure in the cryptocurrency community, infamous for his vocal promotion of TRON and discussing cryptocurrency with Warren Buffett at a lunch for which Sun paid $4.5 million.

Sun has publicly promoted SUN, and while the identities of its developers themselves have not been formally revealed, a dedicated community is tasked with its operations and growth.

True to the DeFi mantra, all activities and updates are executed on smart contracts in accordance with community governance procedures.

SUN’s whitepaper calls it a “social experiment,” and plans for the future state that the token “may also take part in decentralized lending, insurance, liquidity, stable coins, etc.”

What Makes SUN Unique?

SUN’s main purpose is to exist as support for the TRON protocol, which aims to create a decentralized internet ecosystem.

SUN specifically focuses on DeFi and aiding its uptake and infiltration on TRON’s blockchain. As such, its function mimics that of the native tokens of DeFi platforms, and rewards users for staking other coins and involving themselves in governance procedures.

Its appeal will, of course, be to existing TRON users and those familiar with DeFi staking and related activities.

Profitability appears to be a question mark as of September 2020, the month of SUN’s launch. According to the whitepaper, developers privilege “fair” token distribution and did not accept any funding, nor was any SUN reserved for them or TRON team members.

This is in contrast to TRON itself, which raised over $70 million in an initial coin offering (ICO) in 2017.

banner-image
Escríbe tu opinión
Calificación
Por favor elija su calificación
Tu reseña

Deja tu comentario sobre SUN (SUN) aquí. Por favor recuerda de que tu opinión puede ser crucial para el usuario al momento de elegir un producto, así que trata de evitar impreciciones y críticas irrazonables.

Tu nombre
Tu correo

Su correo no se mostrará en el sitio

Reseñas de los usuarios
Danielius Ayala 9 December 2021
3.0

Still, it turned out that this currency doesn't have the best prospects. I once pinned my hopes on it. but now I don't see the point in it.

Sitio: sun.io
Monedas similares
La criptomoneda MaidSafeCoin (MAID) se basa en la cadena de bloques Omni y se presenta en algunos intercambios.
Vertcoin (VTC) es la moneda de la empresa Vertcoin. La moneda se presenta en algunos intercambios y se puede extraer. El proyecto Vertcoin ha desarrollado el algoritmo "Prueba de trabajo" llamado "Lyra2RE". Vertcoin fue diseñado para servir como la versión extraída de la tarjeta gráfica de Bitcoin. Por lo tanto, uno de los objetivos del equipo es hacer que el proceso de minería sea más asequible. Recientemente, el equipo decidió lanzar actualizaciones trimestralmente en lugar de actualizaciones mensuales.
WePower (WPR) es un token de utilidad de la plataforma de compra y comercialización de energía verde WePower. A partir de ahora, puede comprar este token para otras criptomonedas en múltiples intercambios, incluido Binance.