TRON (TRX): CEO proposes SUN mining pools for Bitcoin, Ethereum

  • Justin Sun has announced the introduction of an observation list for the SUN mining pool community on the platform.
  • The community will be able to decide on the creation of mining pools for Bitcoin, Ethereum, Litecoin and other altcoins.

In a recent announcement, TRON CEO Justin Sun introduced an observation list for the SUN mining pool community. Sun has recently made repeated attempts to attract more investors to TRON’s DeFi sector. This latest announcement probably aims to achieve this goal and will therefore provide more features to TRON users in the future.

SUN, the native token of TRON’s DeFi platform, will be able to be mined in the future through the “creation of mining pools of world-class global assets”, according to Justin Sun’s announcement. These assets can be tokens of the TRC-10 or TRC-20 standard and assets that are not part of the ecosystem. The following was announced in a TRON Foundation Medium publication:

The SUN community will cooperate with JUST team and major exchanges to implement cross-chain bridge, bringing forth the unprecedented unity among global crypto communities. With the upcoming launch of SUN community self-governance, the community will be fully governed by users as they will vote with SUN for setting up new mining pools.

The SUN token will then be used, according to the announcement, as a “transit center” that will allow the introduction of external assets into the TRON ecosystem. In that way, the observation list of the SUN mining pool community will be used as a reference for listing new assets, as the TRON Foundation added:

Holding openness and transparency at its core, the observation list will only include the most premium cryptocurrencies to provide a diverse array of staking assets for SUN community to choose from

In the first batch of tokens not TRC-10 or TRC-20 that will be under observation are the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSH), STEEM (STEEM). The TRC 10/20 tokens that will be under observation are PEARL, JFI, DICE. Users will be able to vote for the assets proposed by the TRON Foundation:

The SUN community will collaborate with the JUST team and various major exchanges to activate cross-chain asset mining for non-TRC10/20 tokens through cross-chain token issuance. Please stay tuned for the announcement.

Progress on TRON’s DeFi

Furthermore, TRON’s CEO revealed the latest TRON DeFi sector statistics. Sun celebrated that the number of TRX collateralized on the platform exceeded 9 billion. In addition, Sun also celebrated that TRON exceeded the block height of 23,264,314 according to TRONSCAN. The TRON CEO said this is a sign of the growth of the TRON ecosystem.

SUN features zero VC investments, zero PE investments, no pre-mining or reserves for the team, and is wholly operated by the community through its open-source smart contracts. Welcome to mine $SUN.