The partnership is expected to bring increased activity and attention to both platforms. The SUN platform underwent a significant upgrade to introduce decentralized stablecoin swapping, enhancing its functionality.
Sun Token (SUN) has announced a strategic partnership with Pionex, a cryptocurrency exchange that offers a range of automated trading tools. The partnership is expected to increase activity and attention on both platforms.
As part of the collaboration, Pionex will integrate SUN into its platform, enabling users to easily trade SUN and other Tron-based tokens. Additionally, Pionex will provide support for SUN's redenomination, which is scheduled to take place on May 26.
The redenomination will see old SUN tokens being swapped for new ones at a ratio of 1:1000, while the market cap will remain unchanged. The new SUN token will serve as a multifaceted governance token within the SUN platform.
Similar to the CRV token of Curve DAO and the EPS token of Ellipsis, holding SUN tokens will grant various rights and benefits to their holders. These include voting and governance rights within the community, value capture, and staking rewards.
The redenomination and upgrade are part of SUN's ongoing efforts to evolve and adapt to better serve its community.
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