SUN (SUN) Introduction

2020/09/10 12:42

Project Introduction

1. Brief Introduction

SUN is a social experiment, which focuses on the DeFi potential of TRON. Designed as the quintessential Bitcoin equivalent on the TRON network, SUN features zero VC investments, zero PE investments, no pre-mining or reserves for the team, and is wholly operated by the community through its open-source smart contracts. We hope to use SUN to promote the vigorous development and possibilities of TRON's DeFi self-governance community.

2. Detailed Introduction

SUN is a social experiment filled with unlimited imaginations. It is a crucial component of the TRON DeFi. Together with the other developed decentralized finance (DeFi) projects, it enriches the whole TRON ecosystem. It may also take part in decentralized lending, insurance, liquidity, stable coins, etc. SUN is completely initiated, driven and developed by the SUN community. All of SUN’s functionalities will be implemented by open-source smart contracts, and is wholly operated by the community. The functionalities are developed based on community initiatives. All proposals and decision making are voted via SUN within the community, minority obeys majority. SUN will be deployed to the TRON Virtual Machine, becoming a nexus closely correlated with other existing DeFi projects.

3. Token Allocation

9.34% Genesis Mining
20.65% Regular mining in TRX Mining Pool
70% Regular Mining in the other mining pools

4. Token Information and Release Schedule

Genesis Mining: Every week, 930301 SUN will be mined. A total of 1860602 SUN can be mined in 2 weeks, equivalent to 9.34% of the total supply. Regular Mining in the TRX mining pool: Every week, the amount of minable SUN will be decreased by 20%. In Week 1, 845728 SUN will be mined. In Week 2, 676582 SUN will be mined. In Week 3, 541266 SUN will be mined. And so on and so forth. A total of 4109616 SUN can be mined, equivalent to 20.65% of the total supply. Regular Mining in the other mining pools: A total of 13930511 SUN will be mined, equivalent to 70% of the total supply.

Total Token Supply: 19,900,730 SUN
Token Lock-up plan and release plan

5. Related links