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SunToken Price

(SUN)

$0.01843
0.00%(5m)

1m5m15m1h8h1d1W
SunToken (SUN) Live Price Chart

    SunToken Live Price Data

    The live price of SunToken is 0.01843, with a total trading volume of 284705.6 in the last 24 hours. The price of SunToken changed by +0.82% in the past day, and its value has decreased by -0.86% over the last week. With a circulating supply of 19.23B SUN, the market cap of SunToken is currently 355786909.78839115371937525100 , marking a +0.82% increase today. SunToken currently ranks #92 in market cap.

    How do you feel about SUN today?

    Note: This data is for reference only.
    pk

    SUN(SUN) Profile

    altRank92
    rate--
    Expand
    $0.01828
    $0.0188

    ATH
    $0.05435517
    Price Change (1h)
    --
    Price Change (24h)
    +0.82%
    Price Change (7d)
    -0.86%
    Market Cap
    24h Volume
    Circulating Supply
    19.23B
    Max Supply
    19.9B

    About SunToken

    • What Is Sun (SUN) Crypto?

      Sun (SUN) is a governance token used within the TRON ecosystem, specifically on the SUN.io platform. It supports activities like stablecoin swaps, token mining, and decentralized governance. As a SUN holder, you can vote on platform decisions and earn staking rewards. 

       

      The token was redenominated to make it more accessible, increasing its supply significantly while keeping the market cap unchanged. This upgrade aimed to boost the ecosystem's growth and improve user participation.

    • How Does Sun.io Work?

      Sun.io is a decentralized finance (DeFi) platform built on the TRON blockchain. It focuses on stablecoin swaps, token mining, and self-governance. You can use it to exchange stablecoins like USDT, USDC, and TUSD with low fees and minimal slippage. By providing liquidity to the platform, you earn LP tokens, which can be staked for rewards.

       

      The platform uses SUN as its governance token. You can lock SUN tokens to receive veSUN, which gives you voting rights and extra rewards from liquidity mining. The recent introduction of SUN DAO enhances decentralized governance, allowing the community to propose and vote on platform updates.

    • History of Sun.io and SUN Coin

      Sun.io, launched in September 2020, is a decentralized finance (DeFi) platform built on the TRON blockchain. It focuses on stablecoin swaps, liquidity mining, and decentralized governance. The platform was created by TRON's founder, Justin Sun, who is known for his active role in promoting TRON and other crypto projects. SUN.io aims to be a one-stop platform for stablecoin exchanges and community-driven governance.

       

      In its early phase, SUN tokens were distributed through a genesis mining event where users could stake TRON’s TRX tokens to earn SUN rewards. Over time, the platform evolved to include governance mining, where users stake SUN to participate in governance and earn additional rewards.

       

      SUN.io has introduced several upgrades, including SunSwap V3, which enhances liquidity management and capital efficiency. The recent launch of SUN DAO in 2024 further emphasizes the platform’s focus on decentralized governance. With SUN DAO, users holding veSUN tokens can propose and vote on key decisions, ensuring that the platform's development is community-driven.


      Looking ahead, SUN.io plans to expand cross-chain trading, integrate more decentralized exchange (DEX) products, and strengthen its governance model to maintain its growth and relevance in the DeFi sector.

    • What Is SUN Token Used for?

      The Sun (SUN) token is primarily used for governance, staking, and earning rewards within the TRON ecosystem through the SUN.io platform. As a governance token, it allows you to vote on proposals that affect the platform’s development and future. You can also stake SUN to earn rewards from liquidity mining and receive a portion of transaction fees generated from stablecoin swaps. Additionally, by locking SUN tokens, you receive veSUN, which grants more voting power and access to boosted rewards.

       

      The token is also used to support stablecoin swaps, enhance liquidity pools, and facilitate decentralized decision-making within the platform. These features make SUN integral to the growth and governance of the TRON-based DeFi ecosystem.


      Additionally, you can trade SUN tokens against other cryptocurrencies listed on the KuCoin Spot Market after DYOR. You can buy, sell, or HODL $SUN based on your investment goals and risk tolerance.

    • What Is Sun.io Tokenomics?

      Sun (SUN) tokenomics are structured around governance, staking rewards, liquidity mining, and token burning. Here's how it works:

      Governance and veSUN

      When you lock SUN tokens, you receive veSUN, which grants governance rights. The locking period ranges from 26 weeks to 4 years. The amount of veSUN you receive is proportional to the duration of your lock.

       

      veSUN holders can vote on proposals related to protocol updates and the distribution of liquidity mining rewards. Votes determine the weight of different liquidity pools and influence the platform's development. 

      Staking and Liquidity Mining

      SUN holders can participate in liquidity mining by staking their tokens. veSUN boosts mining speeds by up to 2.5x, depending on the amount of veSUN held. In addition, 50% of stablecoin pool fees are distributed as TUSD rewards to veSUN holders, based on weekly snapshots. 

      Buyback and Burning Mechanism

      To enhance token value, 0.05% of the transaction volume on SunSwap V2 is used to buy back and burn SUN tokens. These tokens are deposited into a designated address and burned every four weeks. The first burn occurred on March 24, 2022, burning over 2.7 million SUN tokens. 

      Airdrops

      SUN has conducted airdrops, including a notable one for veCRV holders over a 52-week period, distributing 1% of the total SUN supply (199 million SUN). Airdrop recipients can claim their rewards by linking their Ethereum wallet to the TRON network. 


      SUN DAO was introduced to fully decentralize governance. It relies on community proposals and on-chain voting to manage protocol updates and new functionalities. Proposals require significant support from veSUN holders to pass, ensuring community consensus.

    FAQ

    • How much is 1 SunToken (SUN) worth?

    • Is Sun (SUN) a Good Investment?

    • What Is Sun Token Price Prediction?

    • How to Stake SUN Tokens on Sun.io

    • What is the all-time high price of SunToken (SUN)?

    • What is the all-time low price of SunToken (SUN)?

    • How much SunToken (SUN) is there in circulation?

    • How do I store SunToken (SUN)?