What is SUN.io? Information about SUN Token

Table of Contents

What is SUN.io?

SUN.io is a platform developed to foster the growth of the DeFi ecosystem on the TRON blockchain. With its community-driven approach and open-source smart contracts, SUN.io has built strong relationships with DeFi projects on TRON through decentralized liquidity mining mechanisms.

Over time, SUN.io has undergone multiple upgrades, integrating essential features such as token swap, liquidity mining, stablecoin swap, and the creation of a decentralized autonomous organization (DAO) on TRON. All these improvements aim to build a robust DeFi ecosystem centered around a decentralized exchange (DEX) on TRON.

Main Products of SUN.io

Sun Pump

Sun Pump is one of SUN.io’s key products, allowing users to issue tokens on the TRON blockchain. It is considered a counterpart to token issuance platforms like makenow.meme and pump.fun on the Solana blockchain. As of now, Sun Pump is the most popular platform for token issuance, with memecoins such as SUNDOG, FOFAR, and SUNWUKONG experiencing significant growth.

SunSwap

SunSwap utilizes the AMM (automated market maker) mechanism, one of the most popular trading models. Unlike the order book model, AMM uses a product model to calculate the number of tokens in a pool, where transactions are automatically executed, and liquidity for the trading pairs is ensured. Anyone can deposit tokens into the pool and receive LP tokens in return, becoming a liquidity provider for that pool.

SunCurve

SunCurve allows users to provide liquidity for stablecoins, optimizing profits with a low transaction fee of only 0.04% and minimal slippage. The protocol supports liquidity provision across different pools:

2pool: Provides liquidity for 2 tokens.
3pool: Provides liquidity for 3 tokens.
4pool: Provides liquidity for 4 tokens.

Users can also swap stablecoins in the pools on SunCurve. Participants include:

Liquidity Providers (LP): Deposit stablecoins into pools to receive LP tokens. LPs can further maximize their returns by staking or farming LP tokens to receive veSUN tokens (the project’s governance token).
Users: Swap stablecoins in the pool with a transaction fee of 0.01%. This fee is distributed as follows: 50% to LPs and 50% to veSUN holders.

Additionally, SUN.io offers other features like PSM, Farm, DAO, and Scan.

Key Highlights of SUN.io

Smart Router: Optimizes transaction costs by calculating and selecting the pool with the lowest liquidity fee for each transaction.
CLMM Mechanism: In version V3, the protocol integrates the CLMM mechanism, increasing capital efficiency.
SUN Ecosystem: The project aims to build a comprehensive DEX ecosystem, integrating multiple functions such as swap and stake, allowing users to enhance capital efficiency through protocol rewards while maintaining security.

Similar Projects

SUN.io is a decentralized exchange (DEX) project, similar to PancakeSwap and Uniswap.

What is SUN Token?

After understanding what SUN.io is, let’s explore five key pieces of information about the project’s SUN token.

Basic Information about SUN Token

Token Name: SUN.io
Token Symbol: SUN
Blockchain: TRON
Smart Contract: TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S
Price: $0.027 (as of September 5, 2024)
Market Cap: $265 million
FDV: $540 million
Total Supply: 19,900,730,000 SUN
Circulating Supply: 9,951,640,722 SUN

SUN Token Allocation

Undistributed: 47.2%
V2 Governance: 19.1%
V1 Official Mining: 15.6%
V1 Genesis Mining: 9.3%
V2 Genesis Mining: 4.2%
Century Mining: 2.4%
JustLend Mining: 1.2%
veCRV airdrop: 1.0%

SUN Token Release Schedule

TGE (Token Generation Event): July 21, 2021
Token unlocking schedule is not disclosed
The project implements a token-burning mechanism every four weeks

What is SUN Token Used For?

SUN Token: Can be locked to receive veSUN tokens, and used for providing liquidity to earn rewards.
veSUN Token: Used for project governance and enhancing liquidity mining.

Where to Buy SUN Token?

Investors can trade SUN Coin on major exchanges such as Binance, Bybit, and Gate.io.

Buy SUN On Binance Here!!!

Personal Insights

Here are a few insights I’ve gathered for readers (note: this is not financial advice):

SUN.io is a leading DEX project on the TRON ecosystem. The stronger TRON becomes, the stronger the DEX -> SUN.io becomes.
The project offers diverse products, especially Sun Pump, which has recently made waves thanks to the memecoin effect, generating massive revenue for TRON.
The development team’s information is undisclosed, and there are no notable investors, which is generally not ideal. However, the project has strong backing from TRON.
The tokenomics are well-structured, though vesting details are not disclosed, there is a burning mechanism in place to reduce supply.

Conclusion

This article has provided an overview of what SUN.io and SUN Token are. If you have any questions, feel free to leave a comment for further clarification!