What Is SUN.io (SUN)?
SUN is the redenominated native token of SUN.io, which is an all-in-one DeFi platform based on the TRON chain. The token was redenominated in order to increase the max supply of SUN tokens from 19.9 million to 19.9 billion. Thus, old SUN tokens (now called SUNOLD) were exchanged for new SUN tokens at a 1:1000 ratio. Take a look at the Sun price chart above to see the current SUN price.
By utilizing a variety of transaction protocols, SUN.io seeks to create an integrated DEX ecosystem with a high level of functionality, profitability, and security. It offers such benefits as liquidity mining of LP Tokens, transaction fees paid to liquidity market makers, and staking rewards for the SUN token, among other incentives.
SUN.io provides users with a SunSwap, which is a stablecoin-focused decentralized exchange (DEX). Based on the trading volume, SunSwap is one of the biggest DEXs on Tron. Besides that, it offers liquidity pools and farming options for SUN coins.
The Purpose of SUN Tokens
The main function of SUN tokens is governance. By staking SUN, users receive veSUN tokens. These tokens provide them with voting privileges that they can use to decide how liquidity pools should be weighted. Besides, note that, apart from receiving veSUN tokens, stakers also receive staking rewards.
The proportion of exposure of each token in a liquidity pool is referred to as the pool's weights. Half of all transaction fees on the Sun.io DeFi platform are used as the weighting factor to calculate the proportion of rewards that each liquidity pool will get.
Now, if you want to buy SUN crypto assets, do keep in mind that the SUN price is subject to change. The main reason for that is the general volatility of the crypto market that usually impacts the prices of most digital assets within the market.
