![SUN](https://images.mudrex.com/SUN.png)
SUN
SUN
Watchlist
₹2.43
LIVE
Watchlist
24H Low ₹2.30
24H High ₹2.48
Price of SUN today
The current live price of SUN today is ₹2.43, with a 24-hour trading volume of ₹3,96,62,85,854.50. Our SUN to INR price is updated in real-time. SUN has seen a increment of 4.48% in the last 24 hours. With a live market cap of ₹24,01,85,35,064.81 , the circulating supply is at 9,951,640,722 SUN coins, with a maximum supply of 19,900,730,000SUN coins.
SUN Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.09 | 4.04% |
7 Days | -₹0.86 | 26.31% |
30 Days | ₹1.59 | 195.03% |
1 Year | ₹1.84 | 390.63% |
SUN Price Information
Price Change (1hr)
3.92%
Price Change (24hr)
4.04%
Price Change (7d)
26.31%
SUN Market Stats
Market Cap
₹24,01,85,35,064.81
Fully Diluted Market Cap
₹48,03,09,12,155.78
24hr Volume
₹3,96,62,85,854.50
47.62%
Circulating Supply
9951640722 SUN
Total Supply
19900730000 SUN
Things to know about SUN
What is the SUN Token?
SUN token (SUN) is a cryptocurrency that operates on the TRON network and is designed to promote the development of decentralized finance (DeFi) on the platform. It is positioned as the quintessential Bitcoin equivalent on TRON, emphasizing zero venture capital (VC) investments, zero private equity (PE) investments, no pre-mining, and no team reserves. The token is entirely operated by the community through open-source smart contracts, aiming to foster the growth and possibilities of TRON’s DeFi self-governance community.
Tokenomics
Zero VC or PE investments, no pre-mining or team reserves.
Operated entirely by community governance.
Total supply: 19,900,730,000 SUN.
Market Data
As of today #{today’s date}, the price of SUN is ₹2.43 INR or 0.02691 USD, with a 24-hour trading volume of 43972126.99 USD. The market capitalisation for SUN is 266280876.55USD. The circulating supply is 9951640722 SUN, with the total supply also being 19900730000 SUN.
Token Pros and Cons
Pros:
Community-driven with no VC or PE investments, which may appeal to supporters of decentralized governance.
Offers various rights and benefits to token holders, including voting and governance rights.
Supports stablecoin swap, token mining, and self-governance on the TRON network.
SUN token holders can earn staking rewards.
The platform has undergone a redenomination to create a new SUN token, which could indicate a commitment to continuous development and improvement.
Cons:
It is highly dependent on the success and adoption of the TRON network, which may limit its appeal compared to tokens on more widely used blockchains.
The price has significantly decreased from its all-time high, indicating potential volatility and investment risk.
The DeFi space is highly competitive, with many other projects vying for market share.
As a community-driven project, it may face challenges in coordination and decision-making compared to centrally managed projects.
The token’s success is closely tied to the broader cryptocurrency market, known for its volatility and regulatory uncertainties.
Why Should You Invest in the SUN Token?
If you believe in the potential of the TRON network and its DeFi ecosystem, the SUN token could be a strategic investment.
The token’s community-driven approach may lead to innovative developments in the DeFi space.
SUN token holders have governance rights, which means they can have a say in the project’s future direction.
The platform’s focus on stablecoin swaps and staking could position it well in the growing DeFi market.
The token’s previous all-time high suggests that it has the potential for significant price appreciation if market conditions are favorable.
USP of the SUN Token
SUN token is designed as the Bitcoin equivalent of the TRON network, aiming to embody the same principles of decentralization and community governance.
It is the first integrated platform on TRON for stablecoin swap, stake-mining, and self-governance, distinguishing it from other DeFi projects.
The token has no pre-mining or reserves for the team, ensuring a fair distribution and aligning with the ethos of decentralization.
Problem the SUN Token is Solving
SUN token addresses the need for a decentralized, community-governed DeFi ecosystem on the TRON network. It provides a platform for stablecoin swaps, staking, and governance, essential components of a robust DeFi landscape.
Founder and Team Background
Justin Sun is a prominent figure in the cryptocurrency world, known for his role as the founder of the TRON blockchain. He has been recognized for his entrepreneurial success, being named in the Forbes 30 Under 30 Asia list from 2015 to 2017.
In 2017, Sun founded TRON, a blockchain-based operating platform, and launched the TRX token through an initial coin offering (ICO) just days before China banned ICOs. TRON raised about $70 million at its ICO. Sun’s acquisition of BitTorrent, Inc. for $140 million in 2018 further expanded his influence in the blockchain and cryptocurrency sectors.
ICO Price
The SUN token did not have a traditional ICO. Instead, it was introduced through a process called Genesis Mining, emphasizing its community-driven approach. The project was designed as the quintessential Bitcoin equivalent on the TRON network, featuring zero venture capital (VC) investments, zero private equity (PE) investments, no pre-mining, and no reserves for the team. This approach aimed to promote the development and possibilities of TRON’s DeFi self-governance community. As such, there was no initial coin offering in the traditional sense, and the token was distributed to users who participated in the Genesis Mining process.
Given SUN's unique launch strategy, traditional metrics such as ICO price, listing date, and initially allocated units are not applicable in the same way they might be for other cryptocurrencies. The focus on community-driven development and distribution reflects Justin Sun’s broader vision for a decentralized and self-governing DeFi ecosystem on the TRON network.
Risks Associated in Investing in the SUN Token
The success of SUN tokens is heavily reliant on the TRON network’s adoption and performance, which is uncertain.
The DeFi market is highly competitive, and SUN tokens may struggle to capture significant market share.
Community-driven projects can face governance issues and slower decision-making processes.
Cryptocurrency investments are subject to high volatility and market risks.
Regulatory changes in cryptocurrency could negatively impact the SUN token’s viability.
Whitepaper Insights
SUN token operates on the TRON public chain, aiming to enhance TRON's decentralized finance (DeFi) ecosystem. It offers a suite of services including efficient and secure token swaps, stablecoin swaps with low slippage and fees, user-governed liquidity mining, and rewards for SUN token staking through voting rights (veSUN). The platform emphasizes community governance and fair, sustainable distribution of SUN tokens without pre-mining or reserves for the team.
Tokenomics and Distribution
The SUN token’s distribution has undergone two phases, V1 and V2, with a focus on fair and sustained distribution methods such as Genesis Mining, Official Mining, JustLend Mining, and Century Mining in V1, and an addition of Governance Mining and veCRV Airdrop in V2. A significant portion of SUN tokens remains undistributed, ensuring future growth and user incentivization within the ecosystem.
Governance and Economic Model
SUN’s governance model is designed to be community-driven, with no pre-mining, team reserves, cornerstone investment, or private placement. The ecosystem supports a buyback and burning protocol for SUN tokens, utilizing a portion of transaction fees for this purpose. This mechanism reduces the circulating supply and potentially increases the token’s value.
Milestones and Development
The SUN platform has evolved from its initial launch with Genesis Mining in September 2020 to the introduction of SUN 2.0 in May 2021, which included a redenomination plan, platform upgrades for enhanced stablecoin swapping, token mining, and DAO functionalities, and a new mining model. These developments have lowered the entry threshold for users and diversified the use cases for SUN tokens.
Security and Auditing
The SUN smart contract has undergone professional security audits, with the source code publicly disclosed to ensure transparency and trust within the community. This approach underscores SUN’s commitment to security and reliability in its operations.
Future Vision and Community Governance
SUN aims to be a nexus within the DeFi space, fostering a decentralized, community-governed ecosystem. The project’s vision is for an entirely self-governed social experiment, with the future of SUN determined by its community. This vision includes embracing bold, radical discussions and initiatives that align with the spirit of decentralization and community empowerment.
Conclusion
The SUN V2 Whitepaper outlines the project’s comprehensive approach to enhancing the DeFi ecosystem on the TRON network. Through innovative tokenomics, community-driven governance, and a focus on security and sustainable growth, SUN aims to establish itself as a key player in the decentralized finance space. The project’s commitment to fair distribution, user incentivization, and continuous development reflects its ambition to contribute significantly to the evolution of DeFi.
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Price as per 11:29 PM • 07 Sep 2024
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What is the price of SUN (SUN)?
The current price of SUN (SUN) in INR is ₹2.43 INR.
What is the current SUN market cap?
The current market capitalization of SUN (SUN) is ₹24,01,85,35,064.81 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of SUN by the number of coins in circulation.
What is the current supply of SUN (SUN)?
The current supply of SUN (SUN) is 9951640722 SUN. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of SUN (SUN)?
The 24-hour trading volume of SUN (SUN) in INR is ₹3,96,62,85,854.50. This figure represents the total value of all SUN transactions across various exchanges within the last 24 hours.
How to Buy SUN (SUN) in India?
To buy SUN (SUN) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in SUN.
Can I buy SUN (SUN) with UPI?
Yes, you can buy SUN (SUN) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert SUN (SUN) to Indian Rupee (INR)?
To convert SUN (SUN) to Indian Rupee (INR), you can use our SUN/INR conversion rates in real time.