Today we continue to look at the project, that is, sun, which is the token of Sun brother's ecosystem. It has increased by 3-4 times in recent days, and TRON has also increased by 2 times. The reason is that Sun brother launched his own TRON meme launchpad, which can send memes with one click. Because this wave of copycats and memes is indeed very popular, we have also talked about many meme projects in the previous meme special. There are many projects that have increased by dozens of times in this round, and their performance is much better than that of technical innovation projects.

origin

In this wave of meme coin craze, the token launch platform Pump.fun has become the focus of the market. Pump.fun launched the "one-click coin issuance function". Just fill in the name, description, select a picture, and then you can create a token. When the stake reaches 69,000 US dollars, you can enter RAY. The launch of this function has detonated the "universal coin issuance wave" of the Solana ecosystem, and in mid-August 2024, Pump.fun's daily protocol revenue even exceeded the sum of well-known public chains such as Tron, Ethereum, and Solana.

The platform’s “one-click coin issuance function” simplifies the token issuance process, allowing more projects and individuals to enter the market quickly. This convenience has attracted a large number of users and investors, driving a significant increase in the platform’s revenue.

Background of Sun Pump

In view of the success of Pump.fun, Tron ecosystem MEME token launch platform Sun Pump was quickly launched under the leadership of founder Sun Yuchen (Sun Ge). Sun Pump aims to replicate the success of Pump.fun and set off a meme coin craze in the Tron ecosystem. In the early days of its launch, many tokens of Sun Pump skyrocketed, creating many legends of getting rich quickly.

$SUNDOG: The opening price was as low as 0.000036 TRX, and it rose to 2.32 TRX on the 20th, an increase of 6,444,400%. The current price has fallen back to 1.46 TRX, with a market value of 240 million US dollars.

$TronBull: The opening price was as low as 0.000034 TRX, and rose to 0.029 TRX on the 24th, an increase of 852,900%. The current price has fallen back to 0.18 TRX, with a market value of 170 million US dollars.

$Dragon Sun: The lowest opening price was 0.000034 TRX, and it rose to 0.38 TRX on the 24th, an increase of 1117600%. The current price has fallen back to 0.3 TRX, with a market value of 50 million US dollars.

$SUNWUKONG: The lowest opening price was 0.000032 TRX, and it rose to a maximum of 0.17 TRX on the 26th, an increase of 343,750%. The market value is 28 million US dollars.

According to dune data, in less than a week, 44,679 tokens have been created, of which 895 have been launched on sunswap, with a total income of 17 million TRX, worth 2.7 million US dollars.

Sun.io

SUN.io is TRON’s first decentralized autonomous platform that integrates stablecoins and comprehensive token swaps while supporting liquidity mining. It aims to provide better token exchange rates and mining rewards for the TRON ecosystem. Users can lock SUN tokens to get veSUN and enjoy a variety of benefits.

On June 28, 2023 (Singapore time), SUN.io launched SunSwap V3. SunSwap V3 improves capital efficiency through aggregated liquidity technology. Users can add liquidity by selecting token pairs, fee tiers, and price ranges. Transaction fees are distributed based on each user's holding ratio within the selected range.

On July 31, 2024 (Singapore time), SUN.io fully supported the introduction of SUN DAO, achieving fully decentralized autonomous management. This enables users to participate in platform governance, improve transparency and community engagement.

SUN DAO

SUN DAO mainly promotes consensus among all participants within the SUN.io ecosystem through governance mechanisms. SUN tokens will serve as the governance token of the platform. Community users holding SUN tokens obtain voting rights by locking SUN. These voting rights can be used for proposals, voting, and decision-making on the SUN.io platform; they can also be used to determine the weight of liquidity pool mining.

SunSwap V3

SunSwap V3 adopts a centralized liquidity model based on constant product. Following SunSwap V2, it introduces the concept of virtual liquidity, which allows individual liquidity providers (LPs) to finely control the price range of their capital allocation. These positions are aggregated into a single pool to form a compound curve for users to trade.

SunSwap V3 provides users with four different fee tier options to support the creation of token trading pools with different risk characteristics.

Suncurve

The stablecoin exchange pool launched by SUN.io supports exchanges between USDD, USDT, USDJ, USDC and TUSD. In addition to higher efficiency and security, SUN.io's exchange pool has the following advantages over other platforms:

- Lower processing fees (only 0.04% per transaction), greatly reducing user costs;

- Lower transaction slippage. Users can get more tokens when exchanging a large number of tokens;

- Lower impermanent losses, significantly reducing financial losses to liquidity providers due to price fluctuations;

Token Mining

SUN.io has launched a token mining function, as follows:

- By providing liquidity to the exchange pool on SUN.io, users can obtain LP tokens and then stake them. The specific mining rate will be calculated based on the number of LP tokens staked and the number of veSUN tokens held. Users will be able to obtain mining rewards distributed in SUN tokens faster.

- Users can also obtain veSUN by locking SUN. Users can also receive 50% of the processing fees from the stablecoin exchange pool based on the number of veSUN snapshots.

Token Economy

The token was first issued in May 21, with an opening price of US$0.02 and a current price of US$0.036. The total amount is 19,900,730,000, with 9,951,640,722 currently in circulation, a circulation rate of 50%. However, it has a destruction plan, and 0.05% of the transaction amount in the swap will be destroyed.

Finally, to sum up, this project is Sun Ge's ecosystem series of ghostwriters. This time, the meme launch platform also took advantage of a wave of popularity. Sun Ge is indeed a marketing genius. He is also taking advantage of the recent Black Myth Wukong. The sunwukong ghostwriters on his platform have increased by tens of thousands of times. Many friends asked if they can still play. The pattern every time is that Sun Ge starts to enter the field, so it is not far from collapse, which shows that this wave of meme momentum is really too crazy. At present, sun.io has no characteristics. In fact, it has nothing. It is an ultimate stitching monster. It has everything, including meme launchers, swaps, stable ratios, mining, and everything else. It takes advantage of any hot spots. As for whether you can buy it, it depends on whether you believe in Sun Ge. To be honest, TRON is currently one of the top 10 cryptocurrencies. The data is actually okay. The dangerous point is that Sun Ge has the final say on the chain. #meme板块关注热点 #内容挖矿