Sun (SUN) Tausch

What Is SUN?

Pioneered by Justin Tron of the TRON Network, SUN (SUN) is a cryptocurrency that was created with the goal to further develop decentralized finance (DeFi) on the blockchain network TRON (TRX). It is a voluntary project which runs on TRON’s TRC-20 token standard.

Trading at almost $8, at the time of this writing, with a 24-hour trading volume of over $50 million USD, with a market cap of almost $37 million USD. It has a circulating supply of 4,581,173 SUN coins and a max. supply of 19,900,730 SUN coins. In a short time of mining SUN already trades on major exchanges like HTX and Binance.

Profitability seems to be in question as of September 2020, the month of SUN’s launch. According to the whitepaper, developers got privileged “fair” token distribution and did not accept any funding, nor was any SUN reserved for them or TRON team members. This is in contrast to its sister project, TRON, which raised over $70 million in an initial coin offering (ICO) in 2017.