Rank: 396
326 Watchlists
DeFi
SUN Price
Contracts/Explorers:
TRON
SUN is the first integrated platform for stablecoin swap, stake-mining, and self-governance on TRON
SUN.io was created to promote TRON’s DeFi ecosystem to a wider audience, in part as a social experiment. The SUN.io platform’s primary focus is building a DEX platform that leverages multiple transaction protocols. The platform facilitates on-chain token swaps, liquidity mining, stablecoin swaps and also features a DAO. SunSwap, the platform’s DEX, was created in 2020.
SUN is the platform’s native cryptocurrency and plays a role in platform governance, liquidity provider rewards, as well as buy back and burn rewards. SUN runs on TRON’s TRC-20 standard.
SUN.io’s flagship product is SunSwap. SunSwap functions as an exchange protocol for tokens of the TRC20 standard. SunSwap operates with an AMM (Automated Market Maker) model. This differs from more traditional financial exchanges which tend to operate with an order book. With an AMM model, a constant-product mathematical formula is used to determine asset prices, in this manner, transactions are done automatically and trading pair liquidity can be maintained.
The price of tokens is determined by the total number of tokens in each pool.The smart contract maintains a constant function with the formula: x*y=k, where x = token1, y = token2, and k = a constant number. A swap is done when replacing some of the tokens with a certain number of the other token in a given pool. As k remains unchanged, balances of the tokens will be updated accordingly, which leads to changes in prices. All trading fees gathered go towards liquidity providers of the protocol
Any user can create their own trading pair pool, one of the tokens being TRX. Users are rewarded for interacting with the protocol via staking and providing liquidity. SUN holders are also entitled to take part in the platform’s governance. For example, by proposing and voting on changes to the SUN.io’s developments.
SUN is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Huobi Global, OKX, and Binance. The price of SUN will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for SUN market price, please view the price charts on this page.
SUN Token's current price is $ 0.016, it has increased +2.36% over the past 24 hours.
SUN Token's All Time High (ATH) of $ 0.0532 was reached on 15 Aug 2021, and is currently -69.9% down.
The current circulating supply of SUN Token is 9.82 Billions tokens, and the maximum supply of SUN Token is 19.90 Billions.
SUN Token’s 24 hour trading volume is $ 26.41 Million.
SUN Token's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 157.62 Million.
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