Sun.io crypto exchange is a decentralized exchange (DEX) ecosystem based on the TRON blockchain. The DEX makes use of a number of different transaction protocols and offers a number of different incentives, such as yield farming and staking rewards, to encourage traders to utilize the exchange.
A constant-product mathematical technique is used to establish asset prices in the DEX, which is based on the proprietary Automated Market Maker (AMM) that underpins the DEX. This guarantees that traders have access to consistent liquidity across all trading pairs.
There are no KYC requirements for the Sun.io crypto exchange.
Sun.io cryptocurrency exchange is a crypto-only platform. It doesn’t allow margin or leverage trading. However, Sun.io spot market is available. There are around 73 different coins and more than 700 Sun.io trading pairs available.
Also, the platform has SunSwap, which is one of the largest swapping platforms on Tron. There are two versions of the swap – V1 and V2.
SUN is the native token of the Sun.io ecosystem. It is used for a variety of purposes throughout the network, including voting, buy-back-and-burn rewards, and paying incentives to liquidity providers.
Although Sun.io trade volume is high, it keeps fluctuating as per the market trends. You can see the current Sun.io volume above. In terms of Sun.io exchange fees, before performing the following calculation based on the constant-product invariant, a transaction fee of 0.3% is deducted from each transaction. 50% of all Sun.io crypto fees go to liquidity provision rewards.
Overall, the exchange includes other features apart from trading. One such feature is Peg Stability Module (PSM), which is a stablecoin swap tool. The tool was launched by the TRON DAO Reserve. It allows users to swap stablecoins at a 1:1 ratio.
It is also important to highlight the fact that the project gives SUN token holders the opportunity to participate in the governance of the project. If you are in possession of the token, this indicates that you have the right to vote on a variety of different ideas that relate to the project and have an impact on its growth and its future.
Following that, the project also provides users with the opportunity to take part in staking. There are multiple staking options, including Governance Mining and Genesis Mining.
Also, Sun.io enables users to become liquidity providers by locking up their own tokens in liquidity pools through the SunCurve feature. It guarantees that there is always adequate liquidity for the orders to be processed immediately. In exchange for their participation, individuals earn rewards from the protocol.
About the Company
After an update to the project and the infrastructure, the most recent version of the Sun.io cryptocurrency exchange was released in May 2021. The upgrade improved all features of the platform, as well as introduced two-token mining for liquidity pool (LP) tokens. The first launch of the exchange was in September 2020.
Sun.io crypto exchange is an integral element of the TRON ecosystem, which was established by Justin Sun, a Chinese entrepreneur who has a significant amount of experience working in the cryptocurrency business. Before he started working for TRON, he was employed at XRP. After that, he was engaged in the acquisition of BitTorrent. The identities of those who established the exchange are not made public.