What is SUN?
On the 1st of September, Justin Sun and his team announced the creation of a new DeFi meme token called SUN. The token genesis mining started on the 2nd of September and all TRX holders were invited to participate. SUN has 100% community governance and a demonstration of adaptability from Tron. The community driven token focuses on the decentralized finance branch of Tron and aims the development into DeFi. The ultimate goal for SUN is to become an decentralized and self-governed independent ecosystem. The token will power SUN Finance and will be distributed as a reward in the first phase.
How to mine SUN?
To start the SUN mining process, users must have an active TronLink wallet and Tron (TRX) which they must allocate for mining. TronLink is available for both Android and iOS or can be added as an extension to the internet browser. My one is added as an extension to Brave for extra speed and to simplify transactions. Bonus points for Brave. All Hail Brave! King of the Browsers!
The next step is to log into the sun.market website SUN.IO using the TronLink wallet. This is the platform where Tron is added into the TRX pool and SUN is mined as a reward throughout the Genesis phase.
Add the amount of TRX for staking and click the "Stake" button. Do not add all your balance for staking as a small portion is required as gas fee and the transaction will fail. For 2065 TRX I paid approximately 0.30 TRX gas fee.
The transaction can be checked on Tronscan imediatly after staking. It took less than a minutes to be confirmed by 19 blocks and to appear with "Success"
Users can check their stake on the TRX pool, see the total lock-ups and how much SUN was mined. The amount The amount will be the result of how much Tron was staked and how long was it staked. The SUN token features zero VC investments & PE investments or pre-mining or reserve for the team.
The locked funds will be returned after 14 days with zero extra charge. Users are asked to stake only through the SUN.IO page and do not transfer Tron into the mining pool. Poloniex and KuCoin announced that SUN token will be added on their platforms after Genesis.
17/09/2020 Edit: SUN Genesis ended but the Tron can be used to earn SUN on the new pool. The farm rate is much lower than the Genesis Pool, where in one day I've done $1 worth of SUN.
Amazon author page: PV Mihalache
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