Source: SUNUSD Chart by TradingView
SUN token is a social experiment dedicated to the development of TRON’s DeFi ecosystem. Designed as the quintessential Bitcoin equivalent on TRON, SUN features zero VC investments, zero PE investments, no pre-mining or reserve for the team, and is fully operated by the community through its open-source 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.
SUN’s security setup is similar to many other proof-of-stake (PoS) cryptocurrencies, relying on community consensus and financial incentive to secure the network. Despite touting its similarities in ethos to Bitcoin, the token is not proof-of-work (PoW) based, and does not offer the same benefits of the Bitcoin blockchain’s years of openly verifiable transaction validation.
SUN has swapped its contract.
- Old contract: TKkeiboTkxXKJpbmVFbv4a8ov5rAfRDMf9.
- New contract: TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S
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