SUN Output Cut by 30% the Second Time Following Official Mining
In accordance with the open voted proposal, SUN regular mining welcomes its much-anticipated second round of output reduction. After careful discussion, the SUN community has agreed to further cut SUN mining output by 30% to better promote the vigorous development of the community.
Despite the decision to cut the output by 30%, the fast-growing SUN is expected to sustain a market-leading 50% — 100% mining return, dozens of times higher than what is offered by mainstream mining platforms such as Uniswap and Sushiswap.
The second output reduction of SUN will enter into effect on October 14, 2020 at 23:20 (HKT) along with a new round of TRX staking mining, SUN-TRX LP mining, JST-TRX LP mining, USDT-TRX LP mining, WBTT-TRX LP mining, WIN-TRX LP mining, USDJ-TRX LP mining and SUN staking mining, which will last 14 days in collaboration with Justswap.org. Users who want to keep on mining can simply follow the steps on the official website and click “Continue Mining” to enjoy uninterrupted high SUN return without withdrawing any token. Deposit and withdrawal are allowed anytime.
1. From today onwards, SUN rewards will be further cut by 30%: daily output will be 30% less than in the last round (0929 Additional Announcement on SUN Output Reduction), dropping from 25,000 per day to 17,600 per day. The reduction is expected to push up the price of SUN.
2. In a bid to sustain the high demand for tokens from the TRON family, SUN mining will keep in place its support for SUN, JST, USDT, WBTT, WIN and USDJ LP mining pools.
3. In this mining round, users are still allowed to pledge SUN and TRX to join in mining, which paves the way for lending on SUN in the near future.
4. Users already joined in mining can keep on mining with a single click upon the launch of the new pools. There is no need to withdraw tokens. Instead, simply follow the steps on the official website and click “Continue Mining” to enjoy uninterrupted generous returns, which is many times higher than on Uniswap and Sushiswap. Furthermore, thanks to TRON’s powerful infrastructure, deposit and withdrawal for mining are allowed anytime.
About LP Liquidity Mining:
Liquidity mining refers to the process where users deposit or lend designated token assets as per the requirement in a mining-featured DeFi product to provide liquidity to the fund pool in order to earn revenue.The revenue earned may be in the form of the project’s in-house token or the right of governance it represents.
In a narrow sense, liquidity mining injects liquidity into various projects; more broadly from the decentralization perspective, it effectively connects the isolated islands of value, facilitates value exchange and ultimately fuels value discovery.In liquidity mining, miners are serving both as an LP (liquidity provider) and an Oracle.
Tutorial on LP mining: https://justswap.zendesk.com/hc/en-us/articles/360047260732-How-to-add-liquidity-
SUN official website: Sun.io
SUN Foundation
2020/10/13
