Sun [New]
In the last hour, Sun [New]'s price has seen a change of +0.13%, and over the past 24 hours, its price has moved by -0.51%. Over the previous week, Sun [New]'s price has moved by +0.45%. The current price of Sun [New] is KWD 0.005284, accompanied by a trading volume of 6.116M in the last day. Sun [New]'s price is currently 68.51% below its all-time high of KWD 0.01678, which remains the highest price Sun [New] has achieved since its launch. The circulating supply of Sun [New] stands at 19.22B, translating to a total market capitalization of 101.6M.
Market stats
Frequently asked questions
What is the SUN (SUN [New]) network?
SUN (SUN [New]) and its trading symbol (SUN) are tokens of the Sun.IO platform, built on the Tron (TRON) blockchain. It is one of the leading decentralized finance (DeFi) platforms on that blockchain, providing integrated services that include asset trading as a decentralized exchange (DEX), cryptocurrency swaps, and liquidity mining, along with decentralized governance mechanisms. Following its acquisition of JustSwap, the network has become a major player in decentralized finance activities on the TRON network, adopting a business model that uses token buybacks and burns to support the ecosystem, The SUN token serves as the platform’s primary governance token, allowing holders to participate in voting on decisions and earn rewards through staking and liquidity mining, thereby promoting the ecosystem’s growth and sustainability.
How does the Sun (SUN [New]) network work?
The network was developed using the Delegated Proof-of-Stake (DPoS) consensus mechanism and operates on an Automated Market Maker (AMM) model through SunSwap, where trades are executed via aggregated liquidity pools without the need for order books, with prices determined automatically based on mathematical algorithms. Users can provide liquidity by depositing pairs of cryptocurrencies in exchange for Liquidity Provider (LP) tokens, which represent their shares in those liquidity pools. The platform also offers the StableSwap model, which specializes in stablecoin trading, minimizing spreads and fees while efficiently maintaining liquidity. The SUN token serves as a token of entitlement for its holders to participate in governance, staking, liquidity mining, and earning rewards on the TRON network.
Is SUN available on Rain?
We are constantly working to expand our list of available assets, and although we cannot provide a specific date for the listing of SUN at this time, you can follow the latest updates through our official social media channels, such as X.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
What are the risks and considerations
Before buying SUN, it’s important to understand the associated risks:
• Price volatility risk: The token may be subject to sharp price fluctuations.
• Technical risk: The token may be affected by any technical changes to the Tron network.
• Liquidity risk: Liquidity may affect the token’s price movement. • Governance and regulatory risk: The token’s value may be affected by legislation and regulation.
• Security risks: You must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not purchase SUN based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project behind it, and your risk tolerance before making any decision.
What is SUN?
The governance token of the sun.io ecosystem on the decentralized Tron network, which targets the decentralized finance (DeFi) market.
What is the buyback and burn protocol used by SUN?
The protocol uses the platform’s revenue (including SunPump fees and trading fees) to buy back SUN tokens from the open market and burn them, thereby reducing the total supply
Can SUN tokens be mined?
No, there is no proof-of-work mining on the SUN network, rewards are based entirely on liquidity mining and protocol incentives
What is a Sun [New] wallet?
A Sun [New] wallet is where you can securely store Sun [New]. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Sun [New] address?
A Sun [New] address is a string of unique characters that is tied to your Sun [New] wallet. The address functions just like a bank account number and it is what you use in order to send Sun [New] from your wallet, or to receive Sun [New] to your wallet.
What are the most popular cryptocurrencies besides Sun [New]?
Besides Sun [New], you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Sun [New] be in next 5 years?
Price predictions for Sun [New] over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Sun [New] taxable?
Trading Sun [New] may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Sun [New]'s ATH?
Sun [New]’s all-time high (ATH) was KWD 0.01678 on 20 Oct 2021. This represents the highest recorded market price of the asset to date.
When will Sun [New] be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Sun [New] just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Sun [New]?
With a market capitalization of 101.6M, Sun [New] is ranked 101 among other crypto assets.
What is the all-time high of Sun [New]?
The highest valuation of Sun [New] since its launch was at KWD 0.01678, marking its all-time high.
What is the 24-hour trading volume of Sun [New]?
The trading activity of Sun [New] over the last 24 hours was at 6.116M, highlighting its liquidity in the market.
How many Sun [New] are there in circulation?
There are approximately 19.22B units of Sun [New] currently in circulation, affecting its market dynamics.
What is the relative popularity of Sun [New]?
Sun [New] market cap is around 101.6M.
When was Sun [New] created?
Sun [New] was introduced on 07 Sept 2020.
Website
White paper
Source Code