What is Sun Token (SUN)? The Latest Info You Need to Know
2024-08-23
Bittime – Sun Token (SUN) is a multifunctional government token that is part of the SUN.io platform, a comprehensive platform on the TRON blockchain. The platform offers a variety of services, including stablecoin exchange, token mining, and self-governance mechanisms.
Like other governance tokens such as CRV (Curve DAO) and EPS (Ellipsis), SUN provides various rights and benefits to its holders, such as voting rights and influence in the community, as well as returns from staking. This token has a crucial role in the management and functioning of the SUN platform.
What are the functions of Sun Token (SUN)?
Sun Token (SUN) has several important uses in the SUN.io ecosystem, making it a vital component in the world of decentralized finance (DeFi). Following are some of the main functions of SUN:
Platform Governance: SUN holders have the right to be involved in decision making regarding the SUN platform. This includes decisions regarding development direction, community policies, and other important issues in governance.
Staking Returns: At certain moments, SUN holders can stake to obtain returns. This feature is very beneficial for those active on the platform, including those who use SUN in token mining or for other functions in the SUN ecosystem.
Token Redenomination and Infrastructure Upgrade: In an upgrade effort, SUN underwent redenomination, where old tokens were replaced with new ones at a ratio of 1:1000. This step aims to lower barriers to SUN token ownership and support the expansion of the SUN ecosystem. The total number of SUN tokens increased from around 19.9 million to 19.9 billion, while market capitalization remained stable. This upgrade also introduces a decentralized stablecoin exchange service.
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Who is the Creator of Sun Token (SUN)?
Sun Token was created by Justin Sun, a prominent figure in the world of cryptocurrency and founder of TRON. With deep expertise and extensive experience in blockchain technology, Justin Sun has played a key role in the development and success of the SUN token.
His contribution to the crypto world and innovation in the TRON and SUN ecosystems is very meaningful for the growth of the DeFi sector.
With the various features and benefits it offers, Sun Token (SUN) continues to play an important role in the DeFi ecosystem, providing opportunities for users to participate in governance, earn returns from staking, and contribute to the progress of the SUN platform.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
