TRX News

TRON (TRX): First SUN token distribution will be on September 11th – Crypto News Flash

  • SUN tokens will be withdrawable on September 11 and locked TRX token will be withdrawable on September 16.
  • SUN token generated from September 11 to September 16 will be available for daily withdrawal at 12:00 pm Hong Kong time.

Following the obvious success of TRON’s latest DeFi protocol, sun.market, users will be able to reap the benefits earlier than expected. TRON CEO Justin Sun announced this a few days ago and has now revealed the details of an early distribution of the SUN token.

Justin Sun confirmed that the platform has exceeded the 7.2 billion TRX allocation and informed the community that the SUN tokens will therefore be available and withdrawable as of September 11 this year. The distribution will start between 11:00 and 12:00 Hong Kong time. It will be the first distribution of the “mined” SUN token as part of the Genesis mining phase, which will include a total of 19,900,730 SUN.

Additionally, the CEO of TRON informed users that the SUN token generated from September 11 to September 16 will be available for daily withdrawal at 12:00 pm. During this period, users have to wait 24 hours from the mining of the SUN token each day. Furthermore, in a separate publication, the TRON Foundation made a more detailed explanation of the above:

For instance, starting from September 11 2020, 12:00, users may withdraw the SUN tokens generated since the start of Genesis mining till September 10 2020, 12:00; likewise, SUN tokens produced between September 10, 12:00 and September 11, 12:00 can be withdrawn after 12:00 on September 12, 2020, so on and so
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