Are you looking for a DeFi platform to swap stablecoins and liquidity mining without facing much inconvenience? Look no further than SUN.
This blog post will define the SUN ecosystem, tokenomics, history, features, and how to buy SUN tokens.
What Is SUN and Its History?
SUN is a DeFi platform built on top of the Ethereum blockchain. It is a non-custodial platform that offers its users various financial services and products like stablecoins, decentralized exchanges, decentralized lending and borrowing, and decentralized savings.
In addition, customers of SUN are given access to a set of tools that assist them in improving their judgments about the administration of their financial resources.
SUN is intimately connected to TRON and prominently bears the surname of TRON's founder, Justin SUN. This association has resulted in several synergies between the two companies.
SUN is a well-known player in the cryptocurrency field. He is notorious for endorsing TRON and talking cryptocurrency with Warren Buffett during a meal for which SUN paid $4.5 million. Both of these events brought SUN a lot of attention.
SUN has made a public effort to promote SUN. Although the identity of the program's developers has not been made public in any official capacity, a committed community has been responsible for overseeing its operations and fostering its expansion.
What Is the SUN Token?
As the native token of SUN, SUN plays an essential role in the platform's governance and the buying back and burning rewards, offering rewards to liquidity providers, and other features. Additionally, SUN aligns with TRON's goal of providing users with shared benefits in general.
Current trading price: $0.005804
Market capitalization: 115.59 million
Total supply: 19.90 billion
Tokenomics
- 1% airdrop to Curve Finance DAO members
- 31.8% to various mining pools
- 19.1% to a governance mining pool
- 48.1% to the team
Token burn: 0.05% of all transaction fees are burned monthly.
Features of SUN
Governance Mining
Governance Mining is a project that SUN released for community self-governance. Mining is that project. It is compatible with stablecoin and SUNSwap liquidity pools and supports LP tokens.
Users must deposit in the appropriate SUN pool to engage in Old 3pool and USDC liquidity mining. Users must then offer liquidity to earn LP tokens and finally stake them to mine. For users to participate in SUNSwap liquidity mining, they must first add liquidity on SUNswap.com for LP tokens, and then they must stake these tokens on SUN to participate in mining.
Transactions
Transactions on SUN take place exceptionally effectively and cost only a portion of what you would spend for a transaction using any other cryptocurrency platform.
Hot Wallets
SUN's hot wallets provide secure storage options that protect your digital assets from hackers. In contrast, SUN's cold wallet offers the ultimate protection for long-term investments or significant purchases in SUN tokens. SUN's hot wallets are available for download on the SUN website.
Fast Payments
Due to their fast infrastructure, you can instantly shift money between parties without worrying about the waiting hours or hefty fees associated with traditional banking systems.
SUN has a user interface that is straightforward to use to make trading more uncomplicated and more efficient than it has ever been. Even inexperienced traders may successfully set up their accounts on their first attempt with SUN.
Proof of Stake
SUN is based on proof-of-stake and has a robust security structure. These cryptocurrencies rely on community consensus and financial incentives to safeguard the network.
Staking and Liquidity
Users can stake their SUN tokens and receive rewards for continuing to hold them. Users are given a voice in determining the future course of the platform thanks to the company's adoption of a decentralized governance architecture, as was previously noted. The platform takes various top security measures to ensure its users' funds are always secure.
Users have easy access to a high degree of liquidity. It helps them to convert their tokens into various currencies faster.
What Makes SUN Different?
SUN was established to assist in the expansion of the TRON DeFi ecosystem. Using decentralized liquidity mining, SUN has forged connections with other DeFi projects operating on the TRON public chain. This was made possible by the community as well as open-source smart contracts.
Up to today, SUN has gone through various incarnations and bought JustSwap. The improved SUN platform integrates several services on the TRON public chain, including token swaps, liquidity mining, stablecoin swaps, and decentralized autonomous organization (DAO). This upgrade primarily emphasizes the development of TRON's DeFi ecosystem, centring on decentralized exchanges.
How to Buy SUN Tokens?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including SUN, users can now trade easily and seamlessly. To purchase SUN tokens on CoinEx, follow the steps below.
- Create an Account: Start by signing up for a CoinEx account.
- Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
- Navigate to SUN Trading Page: Once your account is funded, go to the dedicated SUN trading page on CoinEx. You can find a search box and enter the term SUN to swiftly locate the trading pair associated with SUN tokens.
- Choose a Trading Pair: Select the trading pair SUN/USDT to trade SUN against USDT (Tether).
- Specify the Purchase Amount: Determine the quantity of SUN tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
- Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order.
By following these comprehensive steps, you can easily trade SUN on CoinEx, taking advantage of the available trading pairs.
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