Sun Token Price Crash :SUN Redenomination and Upgrade Plan - Binnabook Magazine

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Sun Token Price Crash :SUN Redenomination and Upgrade Plan

What is SUN? Tron's DeFi Token - Asia Crypto Today

 SUN.io  will be upgraded into TRON's first one-stop platform that supports stablecoin swap, token mining and self-governance.


In the initial phase, the SUN platform will first launch 3pool swap pool to enable the swap between USDT, USDJ and TUSD. 


The platform also has many other edges like lower handling fees, low transaction slippage, and low impermanent loss while offering greater swap efficiency and security. 


Going forward, the SUN platform will shortly launch plans such as token mining and platform self-governing so as to offer more rights and benefits to the community. As a governance token for the platform, the new SUN token grants community users various rights and benefits, including platform governance, value capture and staking rewards, etc.


To accommodate the requirements of the SUN project and infrastructure upgrade, starting from May 26, 2021 (SGT), SUN will implement a token redenomination and platform upgrade plan.


While maintaining its current market cap, the old SUN tokens will be redenominated and swapped with the new SUN tokens at a ratio of 1:1000. After the redenomination, SUN.io  will undergo a significant upgrade and introduce a new service - decentralized stablecoin swap.


 The SUN platform will be upgraded into TRON's first one-stop platform that supports stablecoin swap, token mining and self-governance. 


After the redenomination, the new SUN token, as a multifunctional governance token on the SUN platform (similar to the CRV token of Curve DAO and the EPS token of Ellipsis), will grant token holders various rights and benefits such as the voting and governance right in the community, value capture, staking rewards, etc..


SUN Token Redenomination Plan


The SUN redenomination plan aims to lower the entry barrier of holding SUN tokens and facilitate the growth of the SUN ecosystem. The total supply of SUN tokens will be increased from 19,900,730 to 19,900,730,000 at a ratio of 1:1000, while the market cap of SUN remains unchanged. The volume of holding tokens in all addresses will be scaled in the same ratio accordingly. Details are as follows:


After the upgrade, to differentiate between new and old SUN tokens, old SUN tokens will be renamed as SUNOLD (hereinafter old SUN tokens will be referred to as SUNOLD); the new SUN tokens will assume the SUN ticker with a brand-new logo;

The SUNOLD contract address is TKkeiboTkxXKJpbmVFbv4a8ov5rAfRDMf9; upgraded SUN contract address is TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S;

SUNOLD swap channel will be opened on May 26, 2021 (SGT). You can swap for the new SUN by depositing your tokens on exchanges or by yourself on-chain



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