SUN (SUN) is a prominent project in the TRON ecosystem, dedicated to enhancing decentralized finance (DeFi) operations. Prioritizing community governance and transparency, SUN leverages the robust capabilities of TRON's TRC-20 token standard.
What is SUN
SUN positions itself as a non-profit platform dedicated to advancing decentralized finance (DeFi) on TRON. Seamlessly integrating yield farming, stablecoin trading, and self-governance, it adopts TRON's TRC-20 token standard, earning the reputation of being the equivalent of Bitcoin on TRON.
The SUN team
The identities of SUN's developers remain undisclosed. However, their active GitHub profile indicates a proficient team skilled in Solidity, HTML, and JavaScript. Their commitment to SUN is evident from frequent platform updates.
How does SUN work
SUN prioritizes both financial growth and transaction safety. Users benefit from transaction fee rewards and token staking benefits. At its core, SUN relies on a token-burning approach and empowers its holders with governance rights.
Currently integral to the SUN ecosystem is SunSwap, an exchange crafted for TRC-20 tokens on the TRON network. This automated market maker (AMM) lets users trade tokens by accessing vast reserves pooled by the community. Echoing the model of Ethereum's Uniswap, liquidity providers to SunSwap earn tokens. On top of that, by staking SUN tokens in SunSwap's yield farms, users can accrue additional benefits.
Looking ahead, SUN aims to further expand into various DeFi services, including decentralized lending, liquidity offerings, and insurance.
SUN tokenomics
The SUN token supply is capped at 19,900,730. Notably, SUN had a zero pre-mine launch. This implies that SUN's circulation is purely fueled by mining, necessitating the staking of TRX or other TRC-20 standard tokens.
SUN: The road ahead
SUN's roadmap reveals a token redenomination and platform revamp. This transformation aims to migrate old SUN tokens to new ones at a 1:1000 ratio, all while preserving market capitalization. Alongside this, SUN will unveil a decentralized stablecoin swap service. The TRON Foundation aspires to position SUN into an all-encompassing platform, encapsulating stablecoin swaps, yield farming, and decentralized governance. With its rebranding, SUN is poised to evolve into a dynamic governance token that also enables governance participation, staking rewards, and more.