SUN Coin, launched on the Tron (TRX) blockchain network, is a cryptocurrency project focused on facilitating further development in the DeFi sector on this network. It could be argued that the most influential factor behind the initiation of this project is Justin Sun’s determination not to fall behind. Justin Sun continuously compares the Tron network with the Ethereum network and views the two projects as competitors. This has led to the introduction of SUN Coin by the Tron side in response to Ethereum’s recent success in the DeFi sector.
Despite claims of decentralization, the SUN project, named after Tron’s founder Justin Sun, is known to be managed by Sun himself, with network nodes under his control. SUN Coin, a TRC-20 based cryptocurrency, began its initial mining in September 2020, and for two weeks prior to its market release, the mining was conducted by developers. Users can earn rewards by staking TRX and gain voting rights related to the SUN network. The reason for Justin Sun’s takeover is known to be his significant holding of SUN.
Where to Buy SUN Coin?
To purchase SUN Coin, one can turn to Binance, the world’s largest cryptocurrency exchange by trading volume. After opening a Binance account, one can directly benefit from the SUN/USDT trading pair with high liquidity.
Binance‘s SUN/USDT trading pair has seen a volume of $5 million in the last 24 hours, indicating an advantage over the SUN/BTC pair, which reached a volume of $829,000 in the same period. To make purchases on Binance, one must either open an account on the exchange and send TRY, or send cryptocurrency directly from other platforms to the exchange.
