What is SUN
Content
What is SUN?
The SUN cryptocurrency (ticker SUN) is TRON’s TRC-20 token managed by the community through smart contracts. The token was created for the development of DeFi (decentralized finance). By staking TRX or other tokens based on the TRC-20 protocol, users get bonuses and can participate in decisions regarding the platform’s management. The TRC-20 protocol itself is aimed at expanding the DeFi system, and the SUN token supports its existence.
Thus, SUN is a token associated with the TRON project, moreover, it is named after its creator Justin Sun.
The SUN cryptocurrency is DeFi-oriented and promotes its adoption on the TRON blockchain by replicating the function of native tokens and rewarding staking participants. Hence, the project will be useful for those who use TRON and who are involved in staking coins in DeFi.
Nobody from the developers’ team has reserved a single coin, the project focuses on a fair distribution of coins and does not receive help from investors.
The SUN project operates on the Proof of Stake consensus protocol, which implies the network’s management through smart contracts by the community itself and network protection. The project has been verified and audited.
SUN can only be mined by supplying TRX tokens and providing liquidity.
The SUN project White paper says that users can stop staking at any time and take back the earned SUN tokens. The reward from staking always depends on the amount invested in staking, as well as the time the coins have been in the smart contract.
SUN Price
The SUN cryptocurrency began trading on exchanges on July 21, 2021, at the $0.026 rate. In mid-August of the same year, the price reached $0.046. This was followed by a correction up to $0.025. If you want to know the current value of a token, use the WhiteBIT trading terminal.
SUN Prospects
The team wants to make the token a participant in decentralized platforms for lending, trading, insurance, and so on. This project is experimental and closely related to TRON and its development as a DeFi network. The development team is focused on a fair distribution of coins.
How to Buy SUN?
If you have an account on WhiteBIT, it will not be difficult for you to buy a SUN coin:
- log in to your account (or create one);
- select the “Trade” tab;
- find SUN in the list of coins;
- create a buy order.
FAQ
There are several ways to convert cryptocurrencies on WhiteBIT: through the P2P platform, WhiteBIT Codes, and the trading terminal.
There are no upper limits on the WhiteBIT exchange, you are limited only by the liquidity of the exchange, and it is enough in 99% of cases. The minimum exchange amount is $5 or 0.0001 BTC.
To find out the current price of the SUN cryptocurrency, use the trading page of the WhiteBIT exchange.
