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What is TRON (TRX)?
TRON basic info
What is SUNDOG (SUNDOG)?
SUNDOG (SUNDOG) is the biggest dog meme coin on the TRON network. Initially launched as a meme coin, SUNDOG has quickly grown beyond its playful origins to offer a variety of features. Instead of fading into obscurity after the initial buzz, it has evolved by incorporating more serious and practical features into its ecosystem. These features include advanced trading bots, like SUNBOT, which are specifically designed to trade TRON meme coins on Telegram. This pivot from being just another meme coin to a more useful token has contributed to its steady growth and increasing market presence.
Since its launch, SUNDOG has seen impressive growth in its market capitalization. In just three days since its launch, SUNDOG’s market cap skyrocketed to $100 million. This meteoric rise continued, and within ten days, the market cap surpassed $300 million. Such rapid growth is rare in the cryptocurrency space and highlights the significant interest and investment SUNDOG has garnered right from the start.
Who Created SUNDOG (SUNDOG)?
The creators of SUNDOG remain somewhat anonymous.
What VCs Back SUNDOG (SUNDOG)?
Despite not having VC backing, SUNDOG has formed a variety of strategic partnerships with different platforms and services such as TRON DAO, Sunpump, Token Pocket, etc.
How SUNDOG (SUNDOG) Works
SUNDOG’s ecosystem includes several innovative tools that make it more than just a meme coin. The most notable among these is SUNBOT by SUNDOG, a Telegram trading bot designed for fast and efficient trading of meme coins on the TRON blockchain.
SUNBOT works as follows:
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Easy Start with TRX: To begin trading with SUNDOG, users need to deposit TRX (TRON’s native cryptocurrency) into their SUNDOG wallet. This TRX acts as the fuel for all transactions on the platform. The process is simple: users send TRX to their unique SUNDOG wallet address and then refresh their balance on the platform to start trading.
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Trading Tokens: Once the TRX is deposited, users can purchase meme coins by entering the token address or pasting a URL from Sunpump or Sun.io, which are popular platforms for discovering new meme coins. This user-friendly approach ensures that even those unfamiliar with the technical aspects of cryptocurrency trading can easily buy and sell tokens.
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Auto Buy Feature: SUNDOG offers an “Auto Buy” feature, allowing users to automatically purchase a token as soon as they enter its address. This is particularly useful for traders looking to capitalize on rapid market movements or who want to buy tokens as soon as they become available.
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Slippage and Button Customization: To further enhance the trading experience, SUNDOG provides options for customizing slippage settings and button configurations. Slippage refers to the difference between the expected price of a trade and the actual price at which it is executed. By allowing users to adjust slippage settings, SUNDOG helps them avoid unexpected losses during volatile market conditions. Additionally, users can customize their buy and sell buttons, making it easier to manage their positions according to their trading strategies.
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Secure Wallet Access: Users can easily access their wallet and private key through the platform. However, it is crucial to keep this private key secure, as SUNDOG emphasizes that they cannot protect funds if the private key is exposed. This focus on security ensures that users are constantly aware of the need to protect their digital assets.
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Referral Program: SUNDOG has a referral program that rewards users for bringing new traders to the platform. By sharing a referral link, users can earn up to 35% of the trading fees from those they refer. The referral system is tiered, offering rewards at two levels, and users can claim their rewards once they reach a minimum of 10 TRX. This program incentivizes users to spread the word about SUNDOG, helping the platform grow organically.
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Low Fees: SUNDOG charges a 1% fee on transactions over 500 TRX and a flat 5 TRX fee for transactions under 500 TRX. This straightforward fee structure makes it easy for users to understand the costs associated with trading on the platform, allowing them to make informed decisions about their investments.
SUNDOG Goes Live on Bitget
By focusing on building a strong, engaged community, SUNDOG has managed to create a loyal user base that actively participates in its ecosystem. The community-driven approach has helped in spreading awareness and increasing adoption, which in turn has positively impacted its market cap.
SUNDOG has received full backing from the TRON ecosystem, one of the most prominent blockchain platforms. This support includes public endorsements from major crypto KOLs, and the social media profiles of SUNDOG being followed by Justin Sun, the founder of TRON. Such endorsements are invaluable in the cryptocurrency world, where reputation and visibility can significantly influence market dynamics.
The introduction of tools like SUNBOT has added real value to the SUNDOG ecosystem, attracting more users interested in trading meme coins efficiently. These features have differentiated SUNDOG from many other meme coins that lack practical utility, further driving its market cap growth.
Looking forward, SUNDOG seems well-positioned to continue its growth trajectory. With a solid foundation built on community, utility, and strategic partnerships, there are several areas where SUNDOG could potentially expand.
SUNDOG is only 10-day old and it has so much potential. Trade SUNDOG on Bitget now to pioneer this wave of dog meme coin on TRON!
How to Trade SUNDOG on Bitget
Step 1: Go to SUNDOGUSDT spot trading page
Step 2: Enter the amount and the type of order, then click Buy/Sell.
For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading.
Trade SUNDOG on Bitget now!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
TRX supply and tokenomics
Uniqueness
TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.
The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs.
Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years.
Token utility
$TRX is the basic unit of accounts on the TRON blockchain. $TRX is also a natural medium currency for all TRC-based tokens. TRX connects the entire TRON ecosystem through various applications that power transactions on the chain.
Token governance
TRON operates using a delegated PoS system in which network participants may use TRX holdings to assign their votes to other participants voting for different delegates. A delegate, referred to as a super representative, participates in block production.
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What is the development prospect and future value of TRX?
The market value of TRX currently stands at $21.41B, and its market ranking is #10. The value of TRX is widely recognized by the market. When the bull market comes, the market value of TRX will likely continue to increase.
Moreover, if TRX can play a greater role in practical applications, such as TRON builders fully leveraging the potential of TRX, partnering with more businesses, and increasing its user base, the long-term value of TRX will be significantly enhanced.