Recently, SUN.io announced the launch of a large-scale buyback and destruction plan to promote the steady increase in the long-term value of SUN tokens. According to the latest buyback rules, 0.05% of each transaction of SunSwap V2 will be automatically converted into SUN and transferred to the destruction address, and all revenues of the SunPump platform will also be used to buy back and destroy SUN tokens. The first phase of SunPump revenue buyback and destruction has been successfully completed, with a total of 161,015,070.16 SUN tokens destroyed. According to official data, as of September 2024, SUN.io has destroyed a total of 431,146,104.55 SUN tokens, and has stopped SUN governance mining and will no longer issue new tokens.
The launch of the repurchase and destruction plan has attracted widespread attention in the industry. It not only stabilizes the supply and demand of tokens by continuously reducing the market circulation, but also further enhances the confidence of users and investors in the value of SUN. The market expects that with the increase in the repurchase and destruction, SUN.io is expected to create higher returns for investors in the future, while laying a solid foundation for the long-term prosperity and development of the TRON ecosystem.
SUN.io’s repurchase and destruction strategy has achieved remarkable results and the platform’s advantages are highlighted
Official information shows that since the repurchase and destruction mechanism was launched on December 15, 2021, SUN.io has destroyed a total of 270,131,034.39 SUNs through SunSwap V2, with an average of 8,185,788 SUNs destroyed per period. SunPump Beta version was launched only three weeks ago, and 161,015,070.16 SUNs were destroyed through revenue repurchase, accounting for 37.3% of the total destruction of SUN.io.
SUN.io is different from other platforms such as Pump.fun and Curve (Pump.fun cashed out about 50% of its revenue, and Curve founder Michael Egorov previously sold 30 million CRV). SUN.io insists on using all its revenue to repurchase and destroy SUN tokens, fully demonstrating the platform's confidence in the token economic model. This strategy not only reduces the number of tokens circulating in the market and enhances the scarcity of tokens, but also sends a firm signal to investors that SUN.io is committed to long-term development. As the amount of destruction increases and the market supply and demand relationship continues to improve, the value of SUN tokens is expected to grow steadily.
At present, SUN's market value is still relatively low compared to mainstream DEX tokens such as UniSwap and Curve, but its active repurchase and destruction strategy is gradually rewriting the market supply and demand pattern, and is expected to drive the continued increase in SUN's market value.
Mainstream DEX Token Total Supply Circulating Market Cap SUN SUN 19,900,730,000 9,951,640,722 $241,309,805 UniSwap UNI 1,000,000,000 600,210,150 $5,201,703,563 Curve CRV 2,169,084,680 1,195,587,693 $336,526,395 PancakeSwap CAKE 1,827,467,075 271,803,102 $486,955,961 Raydium RAY 554,999,219 263,778,024 $405,608,710
Empowering holders to boost the continued appreciation of SUN tokens
SUN.io provides multiple rewards and incentives for users who hold SUN tokens. Users can obtain veSUN by staking SUN. Users who hold veSUN enjoy higher benefits, including weekly TUSD rewards based on stablecoin pool fees, up to 2.5 times liquidity mining acceleration, and voting rights on liquidity pool weights. In addition, users who lock SUN can also receive additional rewards, which come from the penalty mechanism for early exit, further increasing the benefits of holders. These incentives not only enhance user participation, but also increase the holding value of SUN tokens.
For details on how to obtain veSUN, please visit https://docs.sun.io/get-start/tokenomics/vesun
In order to promote community governance, on September 2, SUN DAO launched a voting activity to provide meme coins on SunPump with the opportunity to enter the HTX trading platform. As of September 5, a total of 31 published meme projects participated in the voting, and nearly 20 million veSUN was used for voting, with the highest number of votes reaching 7.4 million veSUN. With the continuous development of the SUN.io platform, the number of users and partners has continued to grow. Within half a month of its launch, SunPump attracted more than 200,000 X platform fans, received attention from many media, and maintained weekly exchanges with well-known institutions and KOLs, further expanding the community influence.
Innovative repurchase strategies and ecological expansion drive SUN.io’s development and meet challenges
SUN.io has demonstrated great potential to increase the value of SUN tokens through innovative buyback and destruction strategies and an expanding ecosystem. Despite the challenges of volatility, increased competition, regulatory policy changes, and uncertainty in the macro environment in the crypto market, SUN.io has actively taken action in technological innovation and community governance, providing strong support for coping with challenges. Unlike other platforms, SUN.io insists on using 0.5% of SunSwap V2's transaction fees and all SunPump's revenue to buy back and destroy SUN tokens. This strategy effectively reduces the circulation in the market, increases the scarcity of SUN tokens, and at the same time enhances the market's confidence in the tokens, demonstrating the platform's long-term development vision.
The core advantage of SUN.io lies in its clear repurchase and destruction mechanism and ever-expanding ecological network. With strong community participation and continuously innovative product lines, SUN.io maintains a significant competitive advantage in the field of decentralized finance. In addition, SUN.io continues to expand and innovate in the TRON ecosystem, and its rich product lines and extensive cooperation ecosystem have laid a solid foundation for its value enhancement. In the future, SUN.io will continue to promote the market performance of SUN tokens and bring more value and returns to investors by optimizing the token economic model, expanding the partner network, and enhancing community participation.
Diversified product lines help SUN.io continue to consolidate its market position
As the first comprehensive decentralized financial platform in the TRON ecosystem, SUN.io integrates stablecoin exchange, token trading, liquidity mining and meme fair launchpad, and continues to consolidate its market position through innovation and powerful product lines. The platform's products such as SunPump, SunSwap, SunCurve, SUN DAO and SunBoost fully meet the diverse needs of users in the field of decentralized finance, providing solid support for the development of SUN.io.
Since its establishment, SUN.io has been continuously undergoing major upgrades and functional expansions. In 2020, SUN.io quickly attracted a large number of users through Genesis Mining and the first SUN Conference. In 2021, it completed token splitting and brand upgrades, and became the largest decentralized exchange on TRON after acquiring JustSwap. In 2022, SUN.io launched new mining pools and smart mining pools that support dual-currency mining, driving the continued growth of liquidity value. In 2023, SUN.io further enhanced the user experience by cooperating with mainstream wallets and launching SunSwap V3. In 2024, SUN.io deepened its development and launched the SunPump platform and exclusive mining pool that supports the meme market, continuously enriching the application scenarios of the TRON ecosystem and consolidating its leading position in the DeFi track.
Appendix: Calculate the expected SUN destruction through mathematical formulas -
Let T be the time required for token destruction (unit: month). The initial circulation is 9,752,333,597,44, the monthly release is m/n, the destruction is y/n (average destruction per period = average SunSwap V2 destruction per period + average SunPump destruction per period), and the locked amount is X
In T months, the total amount of tokens can be expressed as:
To accurately calculate the value of T, it is necessary to determine the specific values of the release amount m/n and the locked amount X.
Since SUN governance mining is currently suspended, there is no release amount, m=0, and the current locked SUN X=687,530,479.29
The time T required for token destruction is:
In addition: The specific value of T needs to be calculated in combination with factors such as the release amount and the locked amount. Other variables that affect the destruction speed include the SUN token price. A price increase will extend T, while a price drop will shorten T. Overall, the current destruction speed of SUN tokens is relatively fast, but the impact of factors such as price fluctuations on the actual destruction time still needs to be considered.
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