Justin’s DeFi SUN Shines Bright As Tron Continues Leap Forward
Last Updated on 4 September 2020 by CryptoTips.eu
Justin Sun, the CEO of the Tron foundation and the best marketer the cryptos world has seen, is beaming with pride as his coin proved to be the only one in the CoinMarketCap top 20 to make any major strides forward.
Today, the Tron price is trading at $0,042974, climbing 18% in the last 24 hours.
>> Discover where to buy Tron.
?The market cap of #TRON has exceeded that of #EOS.#TRX $TRX pic.twitter.com/czWnvWzNHD
— Justin Sun? (@justinsuntron) September 3, 2020
The growth spurt of Tron comes on the back of Justin launching his own DeFi coin. Meanwhile a raid in South Korea could have been the driver behind a two-day crypto market fall and a strengthening dollar is dragging Bitcoin down.
Tron DeFi
Justin chose to start allowing Tron users to mine for his new DeFi coin SUN first, and simply offering this possibility has proven to be very successful. He furthermore, in a series of tweets, reminded everyone of the high gas fees that are being charged for trading on Ethereum, something he claims Tron will try to get rid of.
$SUN token genesis mining starts today Sept 2 and will run through Sept 16th.
— Tommy Mustache #ā¤ļøā¤ļøā¤ļø (@MustacheTommy) September 2, 2020
You just need $TRX and the smart contract will refund your $TRX back to you on Sept 16th. It will cost you nothing to mine this $SUN token.
Total $SUN token that will ever exist = 19.9M tokens pic.twitter.com/yjhIPPN280
The introduction of a DeFi coin is proving to be good news for Tron as the coin has surpassed the market capitalization of EOS on CoinMarketCap’s top 100 list.
Whale friends of mine have either moved all of their $TRX or bought trx just to farm $SUN, seems like a good time to be a trx bull
— The Crypto Dog? (@TheCryptoDog) September 3, 2020
The Tron foundation furthermore stated that SUN will be open for mining to everyone as from 16 September. Total number of coins on the market will be 19.9 million.
Strong dollar
The leap forward of Tron is all the more amazing as Tron is growing just as all the other coins in the top 20 are dropping. They have done so ever since the offices of Bithumb, the largest crypto platform in South Korea was raided, an even that has sent ripples through the crypto market.
Furthermore, ever since yesterday, the US dollar (finally) started strengthening as well, driving the value of both gold and Bitcoin down as a result.
