### What is Sun Token?

Sun Token, known by its symbol SUN, is a cryptocurrency designed to promote the development of decentralised finance (DeFi) on the TRON blockchain. SUN powers the Sun platform, which integrates various DeFi services such as asset exchange, liquidity mining, stablecoin exchange, and decentralised autonomous organisations to facilitate the growth of the TRON DeFi ecosystem.

### How does Sun Token work?

Sun Token operates on the TRON blockchain, which utilises a Delegated Proof of Stake (DPoS) consensus mechanism. This allows users to vote for validators responsible for creating new blocks, ensuring decentralisation and efficiency. SUN makes use of smart contracts, executed on the TRON Virtual Machine (TVM), to automate DeFi services including token swaps, yield farming, and staking, with governance processes allowing token holders to participate in decision-making.

### What are the potential use cases for Sun Token?

The primary use cases for Sun Token include:
- **DeFi Services**: Facilitates stablecoin swaps and token mining, where users can earn rewards by providing liquidity.
- **Governance**: Allows token holders to influence platform governance decisions.
- **Decentralised Lending and Insurance**: Potential for integration into lending and insurance protocols within DeFi.
- **Financial Services**: Supports decentralised alternatives to traditional financial products.
SUN has also partnered with platforms like BitTorrent, JustSwap, and JustLend, expanding its role within the DeFi space.

### What is the history of Sun Token?

Sun Token was founded by Justin Sun, the creator of the TRON blockchain, to establish a comprehensive DeFi ecosystem. Launching in September 2020 through Genesis Mining, the initial distribution model allowed users to stake TRX to earn SUN tokens. The acquisition of JustSwap marked a significant milestone, enhancing its service offerings. Sun Token adheres to a no-pre-mining policy, emphasising fair distribution and community-driven development. Initially a basic service, the SUN platform has evolved into a fully integrated DeFi hub.

Sun Token

Lido Staked Ether

Uniswap

Aave

Rocket Pool ETH

Injective

NEXO

Lido DAO

Curve DAO

PancakeSwap

Raydium

Pendle

Four

Syrup

THORChain

Compound

Instadapp

DeXe

Sun Token (SUN)

Similar Coins

STETH

UNI

AAVE

DAI

RETH

INJ

NEXO

LDO

CRV

CAKE

RAY

PENDLE

FORM

SYRUP

RUNE

COMP

INST

DEXE

Resources

Sun Token (SUN) Price Index

Sun Token Price

Trading volume

Market cap

Resources