The project – defined „meme coin“ and whose logo represents a sun with sunglasses – has the intention to be guided by the community to try to replicate the different most famous DeFi protocols like Maker DAO, Compound, Aave and others.
We are talking about an experimental project, which has not received any investment from Venture Capital, equity investors or pre-mining for team members.
We want to build SUN into a grand social experiment while paying tribute to the spirit of decentralization as advocated by Satoshi Nakamoto,“ explained the Tron Foundation on Medium.
Mining will start on September 2 and continue for 14 days, then end on September 16, which will be called Sun Day.
The total supply is just under 20 million tokens.
To receive these tokens you will need to stake TRX on sun.market. During an early stage period of the project the reward will be 10% higher than during the following period.
This token will be used as a collateral for the USDJ stablecoin and will be distributed as a reward for the mining of Just Swap pools and then to liquidity providers, thus opening up to what is called yield farming.
Tron and the new blockchain projects
This is important news for the entire Tron ecosystem.
Recently it has also been announced that Tron has integrated a decentralized oracle solution with Band Protocol, and therefore all protocols will be able to take advantage of the security of a constantly updated price, a key feature for the DeFi industry.
Surely it will be an interesting project and even the road of mining, instead of the classic airdrop, is a sign of change for this blockchain, forcing users to interact with the protocol rather than passively exploit the system to get a simple airdrop.