[SUN] Let's get Steem into the SUN mining Pool
Hi, @jayplayco here,
Today I have a very important matter and would like to request to resteem, retweet, and comment about your thoughts on this post.
About Justswap and De-Fi
After launching the Justswap site it has already been announced that Steemit Inc. will partner with Justswap to increase the synergy between Steem and Tron environment. I am in the moment eagerly waiting for an official Steem-TRX pair, so we are able to swap Steem to Steem-TRX powered tokens and participate in the Justswap economy with a very high 24 hours volume of 137 Million USD.
YFI, YFII, YAM, SUSHI, and co. have been quite successful on the Ethereum platform as De-Fi models and been one of the main reasons that the Ethereum price is increasing and the transaction price on an ATH. The interesting part is with Justswap, that the Tron economy does have a better transaction condition to participate in different De-Fi projects based on TRX.
I have been testing around the last few days on Justswap with experimental De-Fi projects like PEARL, JFI, etc. which looks like have been forked from successful ETH De-Fi projects. Based on this trend Justin Sun also started a Meme Coin called $SUN based on a Smart Contract.
This kind of YFI like projects have following points in common,
- Zero Pe investments
- Zero VC investments
- no pre-mining
- no reverses for the team
- open-sourced smart contract base
- driven by the community alone
The $SUN project already gathered staked Tron worth at the moment over 175 million USD for over 2 weeks. The basic principle here is very easy. Stake a TRX based token that is offered and get $SUN tokens for that.
States for $SUN
- Start for Genesis Mining: 2nd September 2020, 21:00 SGT
- Total Volume : 19,900,730 $SUN
- Genesis Mining Volume : 9.34$ -> 1,858,728 $SUN
- Genesis Mining Time : 2 weeks until 16th of September
- SUN DAY : when official mining for $SUN begins
Read for more information
Official Website
After SUN Day (16th of September)
In the moment only TRX is offered to stake for SUN mining. After the official launch at 16th of September additional Tokens are being offered with the following percentage. Mining will wrap after 16 weeks with a halving every 15 days.
- TRX - 30%
- JST - 10%
- USDJ - 10%
- BTT - 5%
- WIN -5%
In total that would be about 60% of the total pool.
Why the Steem community needs to react here!
The important part is, 40% of the pool is for community projects and liquidity mining pools. I can't personally think of a better fitting community project then Steem in the entire world for the $SUN project.
We would need the following parts including some implementations from Steemit Inc. and also the support from the $SUN project.
- A TRX based STEEMJ token to be able to swap Steem to STEEMJ.
- Liquidity provider for the STEEMJ token on Justswap (Steemit Inc.'s power downed liquidity could help here!!! @steemit) - example, swap Steem to SteemJ and half of it to TRX to create a SteemJ-TRX LP liquidity Pool.
- Convince the $SUN project to include SteemJ as TOP QUALITY community project with at least 10-20% into the mining pool!
The important part is that our voice needs to be raised here, so the $SUN project knows that we are interested in it. Comments on this post, twittering, etc will help to get the attention from the $SUN project. The best thing is, Steemit Inc. is also part of the bigger TRON economy and would have a good chance that people at Steemit Inc. can forward our voice directly.
Why does this matter?
The De-Fi meta is getting more and more important every single day, and an important specific based on this De-Fi meta is, that every mining pairing token gets a high increase of demand, so you will be able to mine the specific token.
$SUN token has already gathered more than 175 million USD, and if our community is able to get STEEM on that pairing, we are going to go on the De-Fi Meta and also offering a direct pairing for one of the hottest De-Fi projects right now.
Please leave your voice as a comment on this article, also please spread the message with resteeming and retweeting and let's get together Steem as a mining pair for $SUN!
steem도 껴달라~!
Absolutely nailed it.
As the Steem blockchain is a pioneer in yield farming (we just call it curation and posting rewards) it makes absolute sense to integrate Steem into the JUST/TRON ecosystem. Our blockchains also have the same consensus algorithm and we all know interoperability is a gateway to mass adoption.
It makes absolute sense for JUST to put another reputable coin on your list of tokens to yield. It will create demand + scarcity, not an economist over here, but even my 6-year-old knows that this will soar prices.
I do not own tens of millions of STEEM, but if I did I would be over the moon with this type of initiative and suggestions from the community. We are about to enter a bull market that the world has not witnessed before, and hundreds of millions of New eyes on the project and tokens within the ecosystem. Please dafuq start chilling the hell out of this JS!
I am extremely extremely bullish
WIN WIN WIN
This is a very valid point, which I personally promote. Steem was doing DeFi before DeFi was cool.
hello
Yes we want this done yesterday! @steemitblog @steemcurator01 @steemit @justinsunsteemit
The best value-add post that I have seen recently. We only got one shot at this. Let's not miss our chance to blow. The opportunity comes once in this blockchain's life. Fully support this with 100% upvote and resteem.
Hello my dear
I hope all of your affairs are fine
I hope you will visit my page and support me with all love and affection, and I will be grateful for that. Greetings
I fully agree with you as well.
Its a brilliant idea and I believe that it will make tron eco-system even stronger.
Better Tron, better Steem.
Agreed
STEEM into Defi, definitely the best news for steem.
this would be awesome
Yes, this absolutely should be done. I had thought this was what they had announced previously, though haven't seen anything else on it since the initial announcement.
Hello @jrcornel
It’s great to see your comment and support here:
Hi @jayplayco
I agree with your ideas here.
It would be great for Steem to be integrated into the Tron Ecosystem either through a Steem-TRX Pair on JustSwap or via Steem Tron atomic swaps as mentioned in the February AMA after the Steemit Inc., But the most important thing is better access to this ecosystem now.
The use of Steemits power down, if available would be great for establishing a huge liquidity pool for Steem-TRX on Just-Swap providing Steem a great runway that we could use to fly our token price higher. This would also give us a clear on-ramp into the Just CDP pathway.
I also share your excitement over staking, token air drops drops and other possibilities with the new Sun coin.
Exciting times and possibilities may lie ahead.
This post has been Resteemed and tweeted!
@shortsegments
I've been following the #sun project too, it sounds great. I hope steem community could benefit from the project as you mentioned in this post too.
Hello my dear
I hope all of your affairs are fine
I hope you will visit my page and support me with all love and affection, and I will be grateful for that. Greetings
The triumvirate of @tron, DeFi and @justswap will birth a synergy that will catapult steemit to an enviable and most preferred sm within a short while!
Good efforts; keep pushing ahead for the benefit of the steemit community!