The first distribution of SUN tokens will be on September 11th

• SUN tokens will be redeemable on September 11 and the blocked TRX token will be redeemable on September 16.
• The SUN Token generated from September 11th to September 16th will be available for daily collection at 12:00 Hong Kong time.

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

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

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

For example, starting at 12 noon on September 11, 2020, users can withdraw the SUN tokens generated from the start of Genesis mining until 12 noon on September 10, 2020; Similarly, SUN tokens produced between September 10, 12 noon and September 11, 12 noon can be withdrawn after 12 September 2020 12 noon, and so on.

After September 16, all generated SUN tokens will be available for pickup.

TRON rewards community participation

The TRON Foundation publication celebrated user participation and their response to the sun.market protocol. The TRON Foundation notes that token holders can receive the SUN token by logging into the sun.market website and using their TronLink wallet. The amount of SUN tokens that miners can receive is determined by how long they have staked their TRX and how much TRX they have staked.

The TRON Foundation also indicated that the TRX used in the mining phase of Genesis could be removed along with the SUN token starting September 16. Users can check the SUN address by clicking the following link. Speaking of the DeFi protocol token, the TRON Foundation explained the following:

The SUN token is a social experiment dedicated to the development of TRON’s DeFi ecosystem. Designed as the quintessential Bitcoin equivalent on TRON, SUN features zero VC investment, zero PE investment, no pre-mining or team reserve, and is fully community-managed through its open source smart contracts.

The DeFi protocol token has started to be listed on some exchanges. At the time of publication, Poloniex and KuCoin announced their support for SUN. The most recent exchange that will add SUN is TronTrade. However, the platform has yet to do so to provide a precise date on the availability of the token on its exchange.