This article was first published on Stories by TRON Foundation on Medium
After extensive planning and deliberation, we are making a major announcement today: we have decided to launch SUN Genesis Mining.
Designed as the quintessential Bitcoin equivalent on the TRON network, SUN features zero venture capital (VC) investments, zero private equity investments, no pre-mining or reserves for the team, and is wholly operated by the community through its open-source smart contracts. We want to build SUN into a grand social experiment while paying tribute to the spirit of decentralization as advocated by Satoshi Nakamoto.
SUN, manifesting total community self-governance, is not merely TRON’s first ‘meme’ coin yet a living demonstration in the coalescence of encryption with artistic expression. We respect and appreciate crypto culture featuring humor and self-mockery, which is a critical source of power that continuously drives the spirited adoption of cryptocurrency.
SUN, being completely community-driven, focuses on the decentralized finance (DeFi) potential of TRON. We understand that a series of self-governance communities such as MakerDAO, Compound, AAVE, YFI, etc. have emerged on Ethereum. We hope to use SUN to promote the vigorous development and possibilities of TRON’s DeFi self-governance community.
SUN is the product of TRON’s booming DeFi business, but its role will go far beyond that. SUN will evolve into a lasting, decentralized and self-governed space. I hope the entire crypto community may judge its success, not by its price or profitability, but instead by finding understanding in the symbolic, indomitable spirit that underpins the SUN: its community!
From my perspective, SUN is an experiment centered around community governance. I hope such a radical experiment of social self-governance will encourage the SUN community to propose, discuss, vote, and even implement many more bold and revolutionary proposals. In a genuine effort to allow a community to govern itself, I initiate this grand social experiment, where everyone participating in Genesis mining ...
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Stories by TRON Foundation on Medium