$0.000082
0.14%
$0.037708
-5.72%
$10.12
-3.71%

SUN Cuts Output First Time Since Official Mining, Adding Support for BTT, WIN and USDJ

WIN
0.14%
FIRST
-5.72%
SUN
-3.71%
bullish:
7
bearish:
1

SUN mining rewards will be cut by 20% for the first time since the official mining. The first reduction will enter into effect on September 30, 2020 at 23:10 (HKT) along with a new round of TRX staking mining, SUN-TRX LP mining, JST-TRX LP mining and USDT-TRX LP mining, which will last 14 days in collaboration with Justswap.org. Users who want to keep on mining do not need to withdraw tokens first. Instead, simply follow the steps on the official website and click “Continue Mining” to enjoy uninterrupted high SUN return. Deposit and withdrawal are allowed anytime.

Newly listed: SUN, JST, USDT, USDJ and WBTT staking mining pools, WBTT-TRX LP mining pool, WIN-TRX LP mining pool and USDJ-TRX LP mining pool. They will boost the growth of the TRON ecosystem.

1. SUN output reduces by 20% from today on: daily SUN output will be 20% less than Genesis Mining, dropping from 129000 per day to 102000 per day. A positive impact is expected from the SUN reduction.

2. SUN adds support for WBTT/WIN/USDJ staking mining and LP mining pools. On SUN LP mining: the launch of WBTT/TRX LP, WIN/TRX LP and USDJ/TRX LP mining will push up the demand for WBTT/JST/TRX, which will help boost the three markets.

3. More flexible mining options — users may pledge SUN, JST, USDT, WBTT or TRX to join in the mining, which paves the way for lending on SUN in the future.

4. Users already joined in mining can keep on mining with a single click upon the launch of the new pools. Simply follow official instructions and click “Continue Mining” to enjoy generous returns without withdrawing the collateral. Withdrawal and deposit 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

2020/9/26

bullish:
7
bearish:
1