The crypto space is composed of a variety of tokens that handle diverse use cases. Traditional crypto like Bitcoin was built to offer a parallel financial system, while Ethereum was designed to cover the loopholes of Bitcoin. In the meantime, the crypto space evolved from these tokens to DeFi, NFTs, AI-based, and more importantly stablecoin.
While in the times when multiple blockchains are working together, numerous bridges also offer to swap the tokens between them. Sun.io is one such platform that supports the swap of stablecoins along with token mining and self-governance. SUN is the native token of the Sun ecosystem that also includes SunSwap, a decentralized platform supporting TRC-20 swaps.
SUN token can also be staked for veSUN which is the staking token for SunSwap’s yield farms. Moreover, SUN can also be used as a governance to vote on the liquidity pools.
|Launch Date||September 16, 2020|
|Blockchain Protocol||Tron Blockchain|
|Market Cap||$61.1 million|
|Token Type||TRC-20, Native Token|
|Circulating Supply||9.21 billion|
|Max Supply||19.9 billion|
The founder of the SUN token is the founder of the Tron Ecosystem, Justin Sun. In fact, the name Sun ecosystem or SUN crypto has been derived from his name. He is a Chinese diplomat, crypto entrepreneur, and business executive. Tron is a leading DAO ecosystem and a global advisor to Huobi, a popular crypto exchange.
Tron under Sun acquired the BitTorrent platform and also launched their own algorithmic stablecoin USDD. Justin Sun has received the title of ‘His Excellency’, accepting Grenada’s appointment to become their ambassador and Permanent Representative to the World Trade Organization. In October 2022, he was named to the Global Advisory Board of Huobi.
The Sun network’s main aim is to support the TRON chain aiming to create a decentralized internet ecosystem. It focuses on DeFi, aiding its uptake and infiltration on the Tron chain. The working of the SUN token is much similar to that of the native token of the other DeFi platforms. The holders here get rewarded for staking other coins and they can also participate in governance.
In the beginning, during the launch the SUN token was not pre-mined and hence mining became the only way to earn it. This is done by staking TRX token or other token’s issued under Tron chain or TRC-20 standard. There were two phases of mining, Genesis mining and regular mining. The Genesis mining lasted began with the launch and lasted for a couple of weeks and produced 9.34% of SUN’s total supply.
SUN User Distribution
The user distribution depends on the amount of the bet they made and duration of its use. The users can also stop betting anytime and also claim back their tokens.
The SUN chain is secured with Proof-of-Stake algorithm that rely on community consensus and a financial incentive to secure network.
The Sun network has spread across wide range of exchanges in a very short time, paired with other cryptos or stablecoins. Huobi, Binance and OKEx are some of the liquidity providers while OKEx also offers US dollar derivatives.
The SUN is a digital token based on TRC-20 with a total supply of the token being 19,900,730. The distribution is completely decentralized through mining but based on smart contracts. The only way to mine SUN is to stake TRX
|Sun Price Today||$0.006329|
|Price Change <Yearly>||-45.1%|
|Market Rank (as per CMC)||363|
|Market Cap||$58.1 million|
|Fully Diluted Market Cap||$126.9 million|
To buy Sun token in India, just follow the below-mentioned steps: