TRX News

TRON (TRX): Justin Sun gives update on SUN token distribution – Crypto News Flash

  • Regarding TRON’s DeFi, Justin Sun announced a new distribution program for the SUN token.
  • TRONScan is registering 21 million allocated TRX in TRON’s DeFi sector.

In his infamous manner, TRON CEO Justin Sun has made an announcement about a new strategy for TRON’s DeFi sector. In recent weeks, Sun has used this strategy several times to create a hype for new products and protocols introduced to TRON’s DeFi sector. The primary goal has always been to highlight the advantages of TRON over its currently overpowering competitor, Ethereum.

In its latest announcement, Sun has now informed the TRON community that there is a change in plan for the distribution of the SUN token. According to the announcement, the SUN token will be distributed before the originally planned date.

We will distribute $SUN to the community earlier than planned…When $SUN? When Moon? to be announced soon!

TRON DeFi continues to grow, a serious Ethereum competitor?

As reported by CNF, SUN and its platform allow its users to do yield farming. Since its launch, according to data shared by TRON’s CEO from the platform TRONScan, the platform has received a total of 21,316,997 TRX locked with 124,086 active smart contracts and a total of 9.2 million accounts.

Users who wish to obtain SUN have to log in to the official website with their TronLink wallet. Once there they can do yield farming by staking a number of TRX. They can then receive SUN tokens in a quantity proportional to the TRX they have staked.