SUN coin is a social experiment dedicated to the development of TRON’s DeFi ecosystem. Designed as the best Bitcoin equivalent on TRON, SUN includes no venture capitalist investment, no private equity investment, no pre-mining for the team, or reserves. SUN is fully operated by the community with its open-source smart contracts.
The platform plans to leverage SUN to support the robust development of TRON’s self-governing DeFi community.
In this article, we will cover topics like “Sun coin Justin Sun, how to buy Sun coin”.
Sun Coin Tron
Sun coin Tron (TRX) is a social experiment focusing on DeFi potential.
On the SUN platform, users need TRX or LP Tokens in JustSwap to participate in mining. Then, selecting the relevant mining pool and determining the amount of token to deposit is sufficient for mining. Following the instructions in sequence, transactions are easily completed.
Additionally, there are currently 6 mining pools according to statements, including SUN/TRX LP, JST/TRX LP, USDT/TRX LP, and TRX mining that started on September 16. Each mining pool is said to produce the same amount of SUN and mining will last for 14 days. Moreover, HT and HT/TRX LP mining, which started on September 23, are also expected to produce the same amount of SUN in each pool, lasting 15 days.
Furthermore, the scope of the SUN project was formed following research and planning. According to the statements regarding the project, SUN aims to be a social experiment in the spirit of decentralization championed by Satoshi Nakamoto.
Completely community-focused, SUN concentrates on TRON’s decentralized finance (DeFi) potential. The platform, mentioning the emergence of self-governing communities like MakerDAO, Compound, AAVE, and YFI on Ethereum, aims to use SUN to support the strong development and possibilities of TRON’s DeFi self-governing community.
Sun Coin Review
It is believed that Tron CEO Justin Sun, with the SUN token named after him, aims to redirect Ethereum-based DeFi tokens to his own platform, Tron. Besides, there are as many critics as admirers of Justin Sun in the cryptocurrency ecosystem.
For these reasons, investors seem to approach the Sun token cautiously.
Sun Coin Price
At the time of preparing this article, the SUN token was trading at $14.11 and was ranked 299th in market capitalization with a volume of 23,668,169 USD. It is also worth noting that the SUN token reached its lowest level on September 28, 2020, at $14.11 and its record level on September 11, 2020, at $28.05.
According to announcements, there are currently 1,677,831 SUN in circulation, and the total is expected to be 19,900,730 SUN.
Where to Buy Sun Coin
You can quickly, reliably, and easily purchase SUN tokens through Binance, the world’s leading cryptocurrency trading platform in terms of transaction volume.
