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What is Sun [New] (SUN)?

Sun [New] basic info

Name:Sun [New]
Ticker:
Introduction:

What Is SUN Ecosystem?

SUN Ecosystem is the first DeFi ecosystem designed for stablecoin on the TRON network. The project was introduced in 2021 and has since developed a TVL of $409 million as of November 2023. It is an essential tool of the TRON blockchain ecosystem, allowing for swaps between stablecoins with low slippage and fee.

Resources

Whitepaper: https://sun.io/docs/SUN_V2_Whitepaper_en.pdf

Official Website: https://sun.io/#/home

How Does SUN Ecosystem Work?

SUN Ecosystem currently has 4 products:

- SunSwap, a DEX for stablecoins and major tokens such as ETH, TRX, LTC, with a liquidity pool function integrated.

- SunCurve, flexible liquidity pools for stablecoins.

- Farming, with two modules: Governance Mining and Liquidity Pools.

- Peg Stability Module (PSM), a special swap tool that allows for 1:1 swapping between USDD and other stablecoins.

SUN and veSUN are two native tokens of the SUN Ecosystem. The former is a governance and utility token which can be staked to get the latter.

What Is SUN Token?

SUN is the native token of the SUN Ecosystem, playing a pivotal role in the TRON-based decentralized exchange and yield farming landscape. It has a total supply of 19,900,730,000 tokens. The token's name comes from Justin Sun, the blockchain's creator, who also founded TRON and leads BitTorrent as CEO. As a TRC-20 token, SUN adheres to the standards of the TRON blockchain, ensuring compatibility and seamless integration within this digital ecosystem. In May 2021, SUN migrated to a new smart contract, marking an evolution in its functionality and purpose.

What Determines SUN's Price?

The price of Sun Token (SUN), like any cryptocurrency, is influenced by a complex interplay of factors unique to the blockchain and cryptocurrency markets. One primary driver is market demand and supply dynamics, which are pivotal in the cryptocurrency ecosystem. SUN's unique tokenomics, particularly the burning mechanism, plays a critical role here. By periodically removing a portion of SUN tokens from circulation, the platform aims to create scarcity, potentially driving up the token's value as the supply diminishes. Furthermore, investor sentiment towards the TRON network, of which SUN is an integral part, significantly impacts its price. Positive developments within the TRON ecosystem, such as partnerships, technological advancements, or increased adoption, can lead to greater confidence in SUN, thereby elevating its market value.

Another critical factor in determining SUN's price is its utility within the SUN Ecosystem and the broader DeFi space. As SUN acts as a governance token, allowing holders to participate in decision-making and receive staking rewards, its practical value extends beyond mere speculation. The effectiveness and popularity of SUN Ecosystem’s services, including decentralized liquidity mining, token swaps, and stablecoin pools, can directly influence the demand for SUN tokens. Moreover, the overall health of the DeFi market, trends in liquidity mining, and the performance of similar governance tokens in the space can offer insights into SUN's price movements.

In the broader perspective, macroeconomic factors such as regulatory changes, global economic conditions, and shifts in investor sentiment towards cryptocurrency also play a crucial role. Given the volatile and rapidly evolving nature of the cryptocurrency market, keeping abreast of these factors is essential for anyone interested in the price dynamics of SUN. With blockchain technology advancing and more participants entering the DeFi space, SUN's price will continue to reflect the complex, multifaceted nature of its underlying technology and market environment.

For those interested in investing or trading Sun, one might wonder: Where to buy SUN? You can purchase SUN on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$0.05436
All-time low:$0.004632

SUN supply and tokenomics

Circulating supply:9,795,029,000 SUN
Total supply:19,900,730,000 SUN
Max supply:0 SUN
Market cap:$207.09M
Fully diluted market cap:$420.75M
Tokenomics:

Uniqueness

Sun is a social experiment focusing on the construction of TRON DeFi. It is positioned as the Bitcoin of TRON, with zero VC investment, zero private investment, zero pre-mining, and zero team reservation, completely relying on the community and open source smart contract. Sun is a social experiment full of infinite imagination. As an important part of DeFi, it will establish a good ecological connection with the already developed DeFi project on the public chain of TRON, and it can participate in decentralized lending, insurance, liquidity, StableCoin and many other parts. Sun is completely initiated, dominated and developed by the community. Sun will be developed through smart contracts, and all contract codes are completely open source. The function of the contract is developed after community discussion, and the community votes on the function through the use of Sun, with the minority following the majority. Sun will run on the TRON public chain virtual machine relying on smart contract, and closely connect with the existing

Token utility

The SUN.io platform is 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..

Links

Buy Sun [New] for $1Buy SUN now

What is the development prospect and future value of SUN?

The market value of SUN currently stands at $207.09M, and its market ranking is #294. The value of SUN is not widely recognized by the market. When the bull market comes, the market value of SUN may have great growth potential.

As a new type of currency with innovative technology and unique use cases, SUN has broad market potential and significant room for development. The distinctiveness and appeal of SUN may attract the interest of specific groups, thereby driving up its market value.

What will the price of SUN be in 2025?
Based on SUN's historical price performance prediction model, the price of SUN is projected to reach $0.02147 in 2025.
What will the price of SUN be in 2030?
In 2030, the SUN price is expected to change by -9.00%. By the end of 2030, the SUN price is projected to reach $0.05297, with a cumulative ROI of +157.58%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SUN and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is SUN worth investing or holding? How to buy SUN from a crypto exchange?

If you want to buy SUN, the following information may be helpful for your investment decisions:
In the last 7 days, the price of SUN has fallen by -14.49%, leading to negative returns for most SUN investors. The market is currently pessimistic about the price trend of SUN.
It is important to note that the current price of SUN has retreated by -61.10% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether SUN is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SUN or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of SUN, if you want to buy or sell SUN, you can consider Bitget for your trading needs. The best place to buy SUN is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Sun [New] has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Sun [New]. Here's a step-by-step guide on how to buy Sun [New] on Bitget.

How to get Sun [New] through other methods?

Using cash to buy Sun [New] is not the only way to obtain Sun [New]. If you have the time to spare, you can get Sun [New] for free.
Learn how to earn Sun [New] for free through the Learn2Earn promotion.
Earn free Sun [New] by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Sun [New] airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Sun [New] through Bitget Convert, Bitget Swap, or spot trading.

What is Sun [New] used for and how to use Sun [New]?

The use case of Sun [New] may expand as the crypto market and the project itself develop. Currently, you can use SUN to achieve the following goals:
Arbitrage by trading SUN: Since SUN is a frequently traded cryptocurrency, the price of SUN is always fluctuating. Earn more SUN by buying low and selling high on the exchange. Bitget spot market provides a variety of SUN trading pairs to fully meet your needs.
Earn by staking SUN: You can also generate income through financial management methods such as staking SUN or lending SUN. Bitget Earn offers a variety of financial products designed to help you earn more income from your SUN.
Send or pay SUN: If you want to give SUN to your friends, a charity, or a fundraiser, or you want to pay someone with SUN, you can quickly and easily send SUN to the recipient through their payment address.
You can also go to the official website of the Sun [New] project to learn more about the use cases of SUN. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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