On September 12, 2020, there was an AMA in $Sun Group and Justin Sun took the users through an exploration of the $Sun Genesis Mining.
Justin Sun recently spoke about Sun token and on why they initiated this token. He also shared his views about what he was thinking about the trend of the crypto and on the DeFi on TRON.
He spoke about how TRX has been staked and locked up in the pool for mining. The Genesis mining is set to last for two weeks and it is set to conclude on September 16, 2020. After that it is possible for users to take back their TRX. Those who staked their tokens will get SUN token as their reward. So, the concept is very simple.
After 21:00, September 16, 2020, users will be able to withdraw SUN tokens mined along with the corresponding TRX staked. The SUN official mining is set to kick off from there and users will be able to earn mining benefits by the second. Users will be able to switch directly from Genesis mining to SUN official mining by following the instructions.
On September 16, 2020, they will be starting their regular mining. At that time, users will be able to stake several other tokens like TRX, they can use TRX, BTT, JST, Steem, USDT and some others.
Sydney Ifergan, the crypto expert tweeted: “I think it is worthy to note the formula – The percentage of SUN the user is assigned to= (Amount of TRX the user staked * Lockup duration) / (∑Amount of TRX staked * Lockup duration)”
TRON (TRX) Have Been Busy in to Lot of Things
An excited TRON follower literally listed everything related to TRON Foundation which read like:
“I’ll try to keep up! Don’t forget about Trx defi (JST, JustSwap, Pearl)! Samsung Keystore Wallet, BitTorrent, DLive, TronTV, Steem, Bidao, Poloniex, Opera, JUST DEFI, JustSwap, USDT-TRC20, Sun Network, BAND Protocol, Pearl Defi, TronZ Privacy, BitGo, Unikrn, MeconCash ATMs – 13,000 in South Korea, China Crypto Ranked #2, 3rd largest blockchain with most active addresses after BTC and Eth, TOP of all Dapps in crypto, high throughput, speed, high scalability, low cost, and of course, Justin’s meme humor twitter personality, hahaha! Probably the most aggressive crypto working for adoption that is way undervalued. Haters will lose out because they can’t see the forest from the trees. Let’s see. Tron 4.0 already in July!!
TRX has never missed any of their milestones, actually always ahead of schedule. If you want gaming, BitTorrent, Dlive, gambling, JST and Pearl DeFi, staking, ATMs all over South Korea, Tron will do massive break out with next BTC Bull Run, no doubt! BUY, STAKE, DEFI, OR HODL!”
So, this simply summarizes on how TRON was able to do all of that.
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