Buy Sun Token (SUN)
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.
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Frequently Asked Questions (FAQs)
What is the current price of Sun Token (SUN)?
The Sun Token price is $0.03429017 AUD, representing a +5.72% from the day prior.
Where is the best place to buy Sun Token (SUN) in Australia?
The best place to buy Sun Token (SUN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Sun Token (SUN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Sun Token (SUN)?
The trading volume of Sun Token (SUN) is $121.0M AUD in the last 24hrs, representing a +5.72% from the day prior.
How can I buy Sun Token (SUN)?
Sun Token (SUN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Sun Token (SUN)?
The current market cap of Sun Token (SUN) is $332.8M AUD.
Can I convert Sun Token (SUN) to cash?
Yes - With Coinstash you can convert your Sun Token (SUN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Sun Token (SUN) are there?
The current circulating supply of Sun Token (SUN) is 9.8B.
Is Coinstash a safe place to buy Sun Token (SUN) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Sun Token (SUN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.