Amazing! Justin Commits 5 Billion SUN to Reward Miners and veCRV Holders. Come and Join now!
To fulfil the requirements of the upgraded SUN project and its infrastructure, and build a one-stop platform that integrates stablecoin swap, token mining and self-governance, SUN.io is launching Genesis Mining and Governance Mining on June 2, 2021, extending the benefits of a fast-growing TRON to wider audience.
To drive the growth of the Sun.io ecosystem, Justin has decided to commit 5 billion SUN, an unprecedented amount of reward, to participants of Genesis Mining and Governance Mining, and veCRV holders through airdrops over a course of five years. For the first time in the crypto sphere, Justin delivers a truly zero-loss stablecoin mining scheme featuring USDJ, TUSD and USDT issued directly by their respective projects on TRON, instead of through cross-chain or mapped issuance, protecting users from associated risks and losses incurred from mapped issuance or fund transfers between chains.
It’s worth noting that SUN.io is distributing nearly 30% of the total rewards earmarked for the 5-year mining scheme through Genesis Mining and Governance Mining in the first three months, all to maximize the incentives to the early adopters of the SUN project. Such scale is a strong manifestation of the SUN team’s effort to extend benefits to the wider public and TRON’s commitment to go all-in on expanding its stablecoin DeFi ecosystem.
In an effort to build SUN.io into a secure, user-friendly integrated platform featuring easy stablecoin swap, token mining and governance platform, SUN.io has decided to gather momentum from both platform growth and ecosystem governance while leveraging its strengths in stablecoin. Therefore, SUN.io is offering Genesis Mining and Governance Mining. By then, users will not only be able to enjoy efficient, secure and cheaper stablecoin trading services with lower slippery percentage and impermanent loss, but will also be able to earn rewards through participating in token mining and platform governance.
How to obtain USDJ, TUSD and USDT?
1) For USDJ: Users can stake TRX at JustStable, or visit JustSwap, Poloniex, Kucoin, MXC or Biki to obtain USDJ.
2) For TUSD: Users can mint TRC20-TUSD with US dollars at Trueusd.com, or visit Poloniex or JustSwap to obtain TRC20-TUSD.
3) For USDT: Users can mint TRC20-USDT with US dollars at Tether.to, or visit nearly a hundred exchanges like Binance, Huobi, Poloniex, OKEx or Bitfinex to obtain USDT.
Allocation of rewards to SUN.io Genesis Mining, Governance Mining and veCRV holders are as follows:
Where to mine?
Mining platform: www.sun.io
How to participate?
Log in to SUN.io with wallets that support TRON (e.g. TronLink, TokenPocket, imToken or BitKeep) to participate in mining. To participate in SUN-TRX liquidity mining, you need to add liquidity on JustSwap.org first. The LP tokens you receive can be then staked on SUN.io. To participate in 3pool liquidity mining, you need to visit SUN.io and deposit on 3pool first. Once you have added liquidity and received LP tokens you are then allowed to stake them.
Rules and rewards explained:
Genesis Mining: June 2, 2021 — July 2, 2021
Governance Mining: Starts around July 2021 and lasts for five years. Details to be announced later.
Airdrops to veCRV holders: 52 weeks, June 2, 2021 — June 1, 2022
SUN.io Genesis Mining Rules:
Governance Mining Rules:
Notes on unlocking mining rewards:
1. SUN rewards earned from staking LP tokens will only be credited to users’ wallets through “vesting”. Details can be found on the “Rewards” page at SUN.io.
2. In Genesis mining, SUN tokens will be vested for two months, and early exit will result in a 50% penalty;
3. There are two types of staking pools on SUN.io, namely Stake and Lock SUN Pool and Stake SUN Pool. Stake and Lock SUN Pool requires users to lock their tokens for a specified period before withdrawal, while Stake SUN Pool allows deposit and withdrawal at any time. SUN earned from staking LP tokens and Stake and Lock SUN Pool can be vested to earn TUSD rewards;
4. Besides earning TUSD rewards, participants of Stake and Lock SUN Pool can also earn and claim any penalty incurred above as rewards at any time;
5. Vesting or unlocking in the same cycle will expire at the same time. (A cycle is 7 days, based on the UTC+0 time zone.)
About airdrops to veCRV holders:
In the spirit of cooperation with Curve Finance, we look to extend the rights and benefits of the SUN platform to all Curve DAO members by holding a 52-week airdrop to reward new TRON MainNet addresses created by veCRV holders.
Detailed rules are as follows:
Ways to claim the airdrops:
- Confirm at https://curve.fi/usecrv to see if you hold veCRV in your Ethereum wallet;
- Import the private key of your Ethereum address with veCRV to TronLink wallet or other wallets that support TRON network to generate a TRON address;
- Claim your SUN airdrops using the wallet address from Step 2 on the SUN platform.
May 31, 2021