Sun Token (SUN) is the native token of a decentralized exchange and yield farm based on TRON. It has a maximum supply of 19.90B coins and a circulating supply of 9.82B.
Sun is the first integrated platform for stablecoin swap, yield farming, and self-governance on TRON.
SUN.io has gone through several iterations and acquired JustSwap. The upgraded SUN.io platform integrates such functions as token swaps, liquidity mining, stablecoin swaps and decentralized autonomous organisation (DAO) on the TRON public chain, focusing on building TRON’s DeFi ecosystem with decentralized exchanges (DEX) at its core. As the native token of SUN.io, SUN plays an important role in platform governance, buying back and burning rewards, offering rewards to liquidity providers and other features, and aligns with TRON’s aspiration to bring common benefits to all users.
SUN.io aims to build an integrated DEX ecosystem with a high level of functionality, profitability and security by leveraging multiple transaction protocols. It provides various incentives for participants, including rewards of transaction fees offered to liquidity market makers, liquidity mining of LP Tokens and staking rewards of the SUN token.
Meanwhile, the burning mechanism of SUN and the voting rights of SUN holders together form a closed-loop ecosystem.
Why Invest In Sun Token:
According to the latest update of the SUN V2.0 whitepaper.
Grant Value to Users
1. Long-Term Mining Program
To incentivize users participating in the SUN ecosystem, we will continue to launch mining programs, including but not limited to liquidity mining, SUN-staked mining, etc.
2. Promote DAO Program
The SUN platform will advance its decentralized autonomous organization (DAO) program. With SUN as the sole governance token, the platform grants users the right to determine future development paths of all products.
3. Maintain Token Value
In the future, transaction fees will only account for a fraction of the revenue of the SUN platform, while revenue from other products will be bought back, burned and redistributed, along with future R&D, to maintain the value of the SUN token, bringing benefits to users in a sustained way.
Reference:
- The Sun V2.0 Whitepaper
- Coin Market Cap
- cryptorank.io
