This article was first published on Stories by TRON Foundation on Medium
In response to the community’s high enthusiasm, we decided to maintain TRX-staking-based SUN Genesis mining for 14 days after launching official mining at 23:00, September 16, 2020 (Hong Kong Time), in addition to the LP liquidity mining. We will also consider further prolonging Genesis mining as it gains hype in following days. Users who have staked TRX during Genesis mining can follow the tutorial and click on “Migrate to Official Pool” on the official website to keep on earning high returns without unlocking TRX in the first place. Deposit and withdrawal are allowed anytime.10,000 SUN will be mined daily from new mining pools.
What happens following the announcement:
The SUN team offers a staking-and-mining channel for all TRX staking enthusiasts, allowing them to simply pledge TRX for SUN rewards without having to participate in more complex LP mining. Deemed the equivalent of High APR financial products on TRON, SUN mining guarantees generous return while enabling instant deposit and withdrawal. So it is foreseeable that the TRX staked during Genesis mining will remain in the TRX staking pool.Users looking for higher returns are welcome to try out the more sophisticated LP staking mining.
SUN token is a social experiment dedicated to the development of TRON’s DeFi ecosystem. Designed as the quintessential Bitcoin equivalent on TRON, SUN features zero VC investments, zero PE investments, no pre-mining or reserve for the team, and is fully operated by the community through its open-source smart contracts.We hope to leverage SUN to promote the vigorous development of TRON’s self-governing DeFi community.
SUN Genesis mining will start on September 2, 2020. The platform will go live on September 16.
Official website: sun.io
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Stories by TRON Foundation on Medium