Today, with the rapid development of blockchain technology, SUN tokens, as an important part of the TRON ecosystem, have attracted the attention of many investors and users. Since its launch in 2020, the SUN token has experienced many important milestones. This article will introduce in detail the development history, main features and future potential of the SUN token.
SUN 1.0: Launch and Mining Pool
Genesis Mining: In September 2020, Genesis Mining of SUN tokens was officially launched. Users can obtain SUNOLD by staking TRX in the smart contract. After the end of this mining pool stage, SUNOLD will be automatically distributed to users through smart contracts, which lays the foundation for the initial circulation of SUN tokens.
Official mining pool: As time goes by, in mid-September 2020, the SUN platform launched an official mining pool, providing a variety of mining pool options, including TRX, JST, USDT, SUNOLD, USDJ, WIN, BTT, etc. Users can participate in mining through staking, further promoting the development of the SUN token ecosystem.
JustLend Mining
By December 2020, the SUN platform supports mining by depositing TRX, JST, USDT and other tokens, which gives users more choices in the mining process.
Century Mining Pool: In March 2021, the SUN platform launched the Century Mining Pool, which supports mining of SUNOLD, TRX, JST, BTT and WIN by staking LP tokens on JustSwap and depositing jTokens on JustLend, further expanding User’s scope of participation.
SUN 2.0: Upgrade and Innovation: SUN Redefinition Plan: In order to lower the threshold for users to hold tokens and promote the development of the SUN ecosystem, in May 2021, the SUN token was redefined with a ratio of 1:1000 and a total supply of The amount was changed from 19,900,730 to 19,900,730,000. At the same time, in order to better distinguish the old tokens from the new tokens, the old tokens are called SUNOLD, while the new tokens are simply called SUN and adopt a new logo.
Platform upgrade
In May 2021, the SUN platform was upgraded and became the first platform to integrate stablecoin exchange, token mining, and a decentralized autonomous organization (DAO). The initially launched 3pool exchange pool supports exchange between USDT, USDJ and TUSD. The upgraded platform has significant advantages in transaction fees, slippage and impermanent losses, improving efficiency and security.
New mining model: In June 2021, SUN 2.0 introduced a new mining model, including 3pool LP, SUN-TRX LP, SUN staking and SUN staking and lock-up, etc., and is divided into Genesis Mining and governance mining. stage. During governance mining, users can stake SUN to obtain voting rights (veSUN) and vote to determine the weight of different liquidity pools in mining.
New Stablecoin Pool - USDC Pool: In August 2021, the platform launched a new stablecoin pool: USDC Pool (USDC+3SUN). With the launch of the USDC LP liquidity mining pool, users can pledge tokens to participate in governance mining and receive rewards.
The second phase of governance mining
On September 15, 2021, the second phase of SUN governance mining was officially launched, further leveraging the role of veSUN. The main uses of veSUN include obtaining TUSD rewards, improving liquidity pool mining efficiency, and voting to determine the weight of liquidity pools in mining.
Acquisition of JustSwap: In October 2021, SUN completed the acquisition of JustSwap, which marked the upgrade of the SUN brand and is committed to building the largest decentralized exchange on TRON.
The future of SUN tokens
As the SUN token continues to develop, its position in the TRON ecosystem becomes increasingly important. SUN tokens not only provide users with diversified mining options, but also allow users to participate in ecosystem decision-making through governance mechanisms. In the future, with the launch of more innovative features, SUN token is expected to attract more users and investors, further expanding its influence.
In this rapidly changing market, the success of SUN Token will rely on its continued technological innovation and community support. As decentralized finance (DeFi) and blockchain technology become increasingly mature, the future of SUN tokens is undoubtedly full of opportunities and challenges.
To summarize: As part of the TRON ecosystem, the SUN token has undergone many important upgrades and changes. With its continuous innovation and expansion of its user base, the future development of SUN tokens is worth looking forward to. I hope this article can help readers better understand the history and future of SUN tokens.