Description of JustSwap
What Is Sun.io?
Sun is a DEX ecosystem on the Tron blockchain. The DEX leverages several transaction protocols and provides various incentives for traders to use the exchange, such as yield farming and staking rewards. The exchange integrates functions like token swaps and stablecoin swaps, and has a burn mechanism for its native utility token. This forms a closed ecosystem governed by a DAO and provides the market with secure swaps. Users can choose between stablecoin pools to swap stablecoins with low slippage or liquidity mining rewards for boosted rewards in the governance mining program.
The DEX is based on a proprietary AMM, which uses a constant-product mathematical formula to determine asset prices. This ensures constant liquidity for traders across all trading pairs. Liquidity providers can fill liquidity pools and earn a share of the trading fees. The exchange also offers multiple-token trading pools to accommodate different traders’ needs.
Stakes of the native token enjoy governance rights, which can be boosted by vesting the token for a longer period of time. The longer the token stays staked, the higher the boost will be.
Who Are the Sun Founders?
Sun is part of the Tron ecosystem, which was launched by Justin Sun, a Chinese cryptocurrency entrepreneur with a long history in the industry. He worked at XRP before his engagement with Tron and was later involved in buying BitTorrent. The exchange’s founders are not disclosed.
When Did Sun Launch?
The current version of Sun launched in May 2021 after a project and infrastructure upgrade. The exchange’s initial launch was in September 2020 and did not accept any funding, according to the project’s white paper.
Where Is Sun Located?
The exchange does not provide any information on the team. However, Tron has offices in Beijing and San Francisco.
Sun Restricted Countries
The exchange does not provide any information about restricted countries.
Sun Supported Coins List
The exchange supports all Tron-based TRC-20 and Ethereum-based ERC-20 tokens.
How Much Are Sun Fees?
At the time of writing, there is no information about fees.
Is It Possible To Use Leverage or Margin Trade on Sun?
It is not possible to engage in margin or leverage trading on Sun.
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