- Justin Sun said that SUN.io is launching Genesis Mining and Governance Mining.
- Justin commits 5 billion SUN to reward miners and veCRV holders.
Justin Sun announced the launch of Genesis Mining and Governance Mining of SUN.io. The founder of Tron said SUN.io is launching on June 2, 2021, at 20:00 (SGT). This is to fulfill the terms of the upgraded SUN project and its infrastructure.
Further, Sun tweeted that the launch is in less than 8 hours. Also, he said he would provide 5 Billion SUN to reward miners and veCRV holders. Specifically, Justin Sun’s 5 billion rewards to miners and veCRV holders is a 5-year airdrop plan.
This also means less than 8 hours until my 5 year 5 billion $SUN airdrop plan for all miners and veCRV holders activates
⏰June 2nd, 20:00 (SGT) https://t.co/CsDA0yTkg5
— Justin Sun 🅣🌞 (@justinsuntron) June 2, 2021
According to the Tron Foundation team, SUN.io will build a one-stop platform that integrates stablecoin swap, token mining, and self-governance. Besides, this will extend the benefits of a fast-growing TRON to a broader audience.
The Tron team noted:
It’s worth noting that SUN.io is distributing nearly 30% of the total rewards earmarked for the 5-year mining scheme through Genesis Mining and Governance Mining in the first three months, all to maximize the incentives to the early adopters of the SUN project.
“Such a scale is a strong manifestation of the SUN team’s effort. The effort to extend profits to the broader public. Also, TRON’s commitment to go all-in on growing its stablecoin DeFi ecosystem,” the team said.
In addition, the Tron team said that they will build SUN.io into a secure, user-friendly integrated platform. This will feature an easy stablecoin swap, token mining, and governance platform. To be precise, they would build it by gathering momentum from both platform growth and ecosystem governance.
The Tron team said while users enjoy secure and cheaper stablecoin trading services with lower impermanent losses, they can earn rewards through participating in token mining and platform governance.