SUN is project under TRON network as platform to cater it's growth for DeFi ecosystem. The latest version V2, equipped with functions such as token/stablecoins swaps, liquidity mining, and DAO on TRON public chain with SUNSwap DEX. SUN token play the role of a governance token, equipped with buying back and burning/offering reward to LP to maintain a balance in the DeFi ecosystem for the users. Redenomination been done in May 2021 at a ratio of 1:1000 and the total supply changed from 19,900,730 to 19,900,730,000, while the market cap of SUN is maintained. old SUN token was then named as SUNOLD and the new token we named as SUN and with a new logo. There difference between the token distribution between V1 and V2. Distribution of SUN tokens (V1): ● Genesis Mining 9.3% ● Official Mining 15.6% ● JustLend Mining 1.2% ● Century Mining 2.4% Distribution of SUN tokens (V2): ● Genesis Mining 4.2% ● Governance Mining 19.1% ● veCRV Airdrop 1.0% Apart from the tokens distributed above, 47.2% of the SUN tokens remain undistributed.
SUN token price and growth heavily depends on TRON DeFi ecosystem. The price suffer after redenomination in 2021. New features, updates and developments are needed to attract more funds entry into the DeFi ecosystem to facilitate the growth of SUN.
Reference: https://sun.io/docs/SUN_V2_Whitepaper_en.pdf Show Less
