How To Buy Sun Token (SUN)| Best Crypto Exchange To Buy SUN 2020

Tron’s shift to DeFi, that has also disrupted the crypto industry in recent months, started with the introduction of JustSwap, a decentralized exchange that uses the automated market maker model pioneered by Uniswap. Whereas the foreign DeFi world was watched on fear as SushiSwap squeezed liquidity out of Uniswap, the DeFi ecosystem of TRON seems to be progressing very well. Despite being late to the game, what seems to be a variety of copycat projects, however, TRON entering the DeFi world have garnered an impressive amount of liquidity.

What is SUN?

Image from TRON

SUN seems to be a grand experiment full of boundless creativity. It is an integral part of the DeFi TRON. It improves the entire TRON ecosystem along with other existing Decentralized Finance (DeFi) projects. It could also be engaged in cooperative lending, insurance, liquidity, stable coins and so on. Crafted as the par excellence version of Bitcoin on the TRON network, SUN boasts no VC investments, no PE investments, no pre-mining or team reserves, and is entirely run by the public through its smart open source contracts. All features and functions of SUN are introduced by open-source smart contracts, and are completely managed by the public. The functionalities are built using community-based initiatives. SUN will also be introduced to the TRON Virtual Machine and will become a gateway closely connected to other current DeFi projects.

What’s the main problem that the project solves?

Ultimately the goal is to make SUN “mineable” through cross-chain liquidity. A few tokens and assets other than TRC10 or non-TRC20 are being observed to expand existing SUN mining liquidity. Bitcoin, Ethereum, XRP, and Litecoin will all make some very interesting additions to those properties. Supporting Bitcoin Cash, Bitcoin SV, and STEEM may not inherently prove worthwhile but are still under consideration. There’s really no certainty that any of those assets would be used in the prospect to enable cross-chain mining. Several TRC10 and TRC20 tokens, including Pearl, JFI, and DICE, are also under examination. Assessing the qualifying assets relies on their listing on JustSwap, audited code, proactive network and value proposition compatibility with TRON. Mining SUN tokens allow users to help grow the DeFi ecosystem of TRON but it is still a research project.

What are the main use cases of SUN?

As far as I can tell SUN doesn’t have a direct utility or usage. Apart from its a governance model, one can healthily assume that SUN tokens will primarily be used for just several purposes: token holders can participate in community governance and collectively make decisions on the types of contracts that can access the platform, the asset types that the protocol should support, as well as future upgrades and changes to the Tron ecosystem. These are only a few of the use cases that can be theorized based on the details given, perhaps there will be many more in the future.

Where can I buy SUN?

There are many exchanges that claim the title of “best” exchange. While this may all seem simple enough, however, in choosing the best crypto exchange to invest in, you’ll have to pay attention to a myriad of considerations like fees, reputation, security, verification processes, and geographical restrictions an exchange platform has to offer.

To better understand most of the exchanges, as well as some of them that are working actively towards this goal, first, we need to understand some several factors that these crypto exchanges are currently working on:

  • Security: Safety should always come first. A good exchange will place great emphasis on the security of their users’ accounts, personal information, and the system in general. The majority of the assets should be stored offline in a cold storage system. Also be on the lookout for additional security features such as Two-factor authentication, withdrawal confirmations, etc.
  • Reputation: A well established, long-standing exchange is a much safer option.
  • 24/7 Support: The support should be responsive, friendly, professional, and ideally reachable through several different channels. A call center is a big plus as it’s comforting to know you have the option to speak to someone in person.
  • Payment methods: Take into consideration which payment methods are available — do they support credit card purchases, p2p fiat trades, and other methods of payment.
  • Fees: Fees can vary substantially between different exchanges. The fee schedule has to be provided on the site.
  • Interface: The site should be easy to navigate, even for crypto beginners.
  • Geographical restrictions: Some exchanges are locally restricted and their service might not be available in your area.
  • Uptime: Avoid exchanges with lots of downtimes.
  • Verification: Even though some users find verification and KYC procedures a hassle, you should look at it from another perspective. They are done with the best intention to protect the exchange from money laundering and all sorts of scams.

Taking everything into consideration, KuCoin is one of the many cryptocurrency exchanges who explored the concept of what the future of cryptocurrency trading looks like. It is also a reputable exchange that adds high-quality projects, hence, where you can buy SUN.

Image from KuCoin

KuCoin has a highly trained research department that looks for top-quality projects throughout the crypto industry. The exchange has over 6 million registered users across 207 countries and regions around the world with 450+ trading pairs to date. KuCoin provides a highly secure and easy-to-use platform for users to engage in cryptocurrency trades and transactions efficiently and safely.

KuCoin also launched a series of other products in the past year designed to further help out crypto users, including futures markets, public chain, one-stop exchange solution, creating a platform for how your crypto can yield interest, as well as some upgrades to the main exchange to uphold its principle of security and transparency. KuCoin since its inception has insisted on taking the tech as its backbone to build a better trader relationship while constantly pushing for the sustainable development of the digital currency trading ecosystem as the ultimate goal.

The Best Crypto Exchange To Buy SUN 2020

There are several exchanges, in fact, catering to different requirements and varying in terms of safety and security, convenience, accessibility, and so on. But unlike most of them, KuCoin is unique in its approach. From their timely upgrades, reports, and recently introduced products & features like KuChain, Margin, KuCoin Futures, Soft Staking, and Pool-X is what I think helping them build a better ecosystem for us, traders. Significantly, the structure of Kucoin is utterly fascinating, which shows they are more interested in long term growth. I’d say with their competitive services and reputable brand, KuCoin is already one of the leading cryptocurrency exchanges today.

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Anthony Lynch

Anthony Lynch

Writer | Cultural Activist | Violinist