Justin Sun, the founder of TRON and the present CEO of BitTorrent made a series of posts on twitter related to $SUN. In total there are four posts that catch the limelight and you might be wondering why it is so. Let me tell you the details of each post.
The first post states “$SUN output reaches by 20% from today: on daily $SUN output will be 20% less than Genesis Mining, dropping from 129000 per day to 102000 per day. A positive impact is expected from the $SUN reduction.”
The tweet also reveals that the first reduction will be released from September 30, 2020, at 23:10 (HKT). The SUN mining reward is cut down for the first time since it was officially launched.
The next tweet by Justin Sun read as “SUN adds support for WBTT/WIN/USDJ staking mining and LP mining pools. On SUN LP mining: the launch of WBTT/TRX LP, WIN/TRX LP, and USDJ/TRX LP mining will push up the demand for WBTT/JST/TRX, which will help boost the three markets.”
As stated the newly listed mining pool aims to boost the features of the TRON ecosystem altogether.
The 3rd tweet states “More flexible mining options — users may pledge SUN, JST, USDT, WBTT or TRX to join in the mining, which paves the way for lending on SUN in the future.”
The last tweet read as “Users already joined in mining can keep on mining with a single click upon the launch of the new pools. Simply follow official instructions and click “Continue Mining” to enjoy generous returns without withdrawing the collateral. Withdrawal and deposit are allowed anytime.”
The users interested in mining are not required to withdraw the token rather they need to follow the process mentioned on Sun.io (the official website of SUN) and click on “Continue Mining” in order to enjoy the most of SUN return. Interestingly, the withdrawal and deposit can be made anytime by the participants there is no restriction upon it.
What is LP liquidity Mining?
To have a deep understanding it is important to know the meaning and use of liquidity mining. It is a process where the customers are allowed to deposit or give the designated assets as per the need in a mining-featured DeFi product to enable liquidity that helps to generate revenue.
In short, it injects liquidity in several projects mainly based on decentralized projects and helps to add more value to it. So, basically in liquidity mining miners aims to serve both LP (Liquidity Provider) and an Oracle at the same time.
It can be said that all his four tweets are like a bonanza offer for the crypto enthusiast so go and grab the opportunity. Also, don’t forget to stay tuned to read the latest information.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.