Sep 9, 2020
Notice on Moving up the Withdrawal of SUN From SUN Genesis Mining
In response to users’ enthusiasm and engagement, SUN foundation has decided to move up the withdrawal date of SUN token. Users will be able to withdraw the SUN mined by staking their TRX during SUN Genesis mining in advance. TRX pledged for SUN Genesis mining will be available for withdrawal and used for SUN official mining on September 16 as scheduled.
Rules for unlocking SUN is as follows
- First distribution: 11:00–12:00 (HKT) on September 11, 2020
- On September 11, 2020, SUN mined from the start of Genesis mining through September 10, 12 :00 will be available for withdrawal.
- From September 11 2020, 12:00pm to September 16 2020, 21:00, everyday at 12:00 p.m. users will be able to withdraw the SUN tokens generated from the previous day ending at 12:00. For instance, starting from September 11 2020, 12:00, users may withdraw the SUN tokens generated since the start of Genesis mining till September 10 2020, 12:00; likewise, SUN tokens produced between September 10, 12:00 and September 11, 12:00 can be withdrawn after 12:00 on September 12, 2020, so on and so forth. All SUN tokens will be open for withdrawal after 21:00 on September 16, 2020.
- After 21:00 September 16, 2020, users will be able to freely withdraw the SUN tokens mined and the corresponding TRX staked. SUN official mining will since kick off, where users can earn mining benefits by second! Please follow instructions on the page to switch directly from Genesis mining to SUN official mining.
SUN smart contract address:
TKkeiboTkxXKJpbmVFbv4a8ov5rAfRDMf9
SUN address on Tronscan:
https://tronscan.io/#/contract/TKkeiboTkxXKJpbmVFbv4a8ov5rAfRDMf9/code
About SUN:
SUN token is a social experiment dedicated to the development of TRON’s DeFi ecosystem. Designed as the quintessential Bitcoin equivalent on TRON, SUN features zero VC investments, zero PE investments, no pre-mining or reserve for the team, and is fully operated by the community through its open-source smart contracts. We hope to leverage SUN to promote the vigorous development of TRON’s self-governing DeFi community.
SUN Mining Rules
SUN is mined in proportion to the sizes of the markets. The amount of SUN tokens miners can receive is determined by how long they’ve staked their TRX and how much TRX they staked.
The amount of SUN users can mine during Genesis mining = The percentage of SUN the user mined * Total volume of SUN available for Genesis mining
Where:
The volume of SUN available for Genesis mining =Total supply of SUN * The percentage of the SUN available for Genesis mining
The percentage of SUN the user is assigned to= (Amount of TRX the user staked * Lockup duration) / (∑Amount of TRX staked * Lockup duration)
SUN Foundation
September 10, 2020
