Sun Token

The 2020 mining token lives at TKkeiboTkxXKJpbmVFbv4a8ov5rAfRDMf9 and is now SUNOLD. The successor at TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S opened on May 26, 2021 as a one-way 1:1000 swap. Comparing prices across that date without scaling units invents a crash or windfall that the plan did not create.

Published supply changed from 19,900,730 to 19,900,730,000 while market capitalization was held constant. The platform paired that accounting break with a 3pool for USDT, USDJ and TUSD, then acquired JustSwap in October 2021 and renamed the broader DEX SunSwap.

The allocation account is also unusual: project documents claim no premine, team reserve or private placement, while assigning 47.16% to SUN DAO Governance under four-year linear unlocking. That is a treasury and release path to inspect, not proof that every holder controls it.

V2 uses a constant-product pool; V3 moved liquidity into chosen price ranges; V4 launched March 2, 2026 with a singleton, flash accounting and hooks. SunCurve uses a StableSwap curve for like-priced assets, and PSM follows reserve-backed 1:1 rules. Routing them through one interface does not make their fee, oracle or collateral risks identical.

Liquidity providers own claims represented by LP tokens or position NFTs and earn only while their capital satisfies pool rules. V4 hooks can alter fee or execution behavior for a specific pool, so users must inspect the hook as well as the router.

A 26-week to four-year SUN lock creates veSUN proportional to remaining time; four years begins at one veSUN per SUN, then decays. veSUN votes on pool mining weights, can raise mining weight to 2.5x, and shares 50% of stablecoin-pool fees in TUSD using weekly snapshots.

SUN DAO adds thresholds: more than 30 million veSUN to propose, more than 90 million for and more for than against, then a two-day lock before pending execution. Liquid SUN that was never locked cannot exercise those votes or collect that fee stream.

SUN.io now lists distinct buyback inputs: V2 contributes 0.05% of each swap, the V3 TRX/USDT 0.05% fee-tier pool contributes one-sixth of its accumulated fees from May 2, 2026, SunPump contributes 100% of platform protocol revenue, and SunX contributes 50% of net revenue after operating costs such as trade mining. Operators periodically swap these assets into SUN, stage them at a pending address, and burn quarterly. Governance contracts, deployed factories and routers, and V4 hook authors each hold different powers; the reviewed documents do not identify every current key holder, so 'DAO controlled' cannot substitute for live owner and upgrade checks.