Tron’s Justin Sun loses $8 Million in GameStop Investment

The founder and CEO of Tron (TRX), Justin Sun, has recently informed the Tron community that the new digital token SUN will be distributed earlier than planned.

He made this known in one of his recent tweets.

Justin Sun tweeted, “We will distribute SUN, to the community earlier than planned…When SUN? When Moon? to be announced soon!”

How SUN Token Works

SUN is a new digital token in the Tron ecosystem. According to the information on the SUN token’s official website, interested crypto enthusiasts are liable to create accounts on the Sun platform and obtain a public key and private key and a digital wallet in the process.

After the process, the System awards users with the SUN token. The token is meant to serve as the value and the payment method of the ecosystem.

Users have the enablement to control their data. They can publish, change, or delete their data anytime. They can also make their data private, public, or free.

Based on the information, the public and private key will be used to sign data ownership to access the digital wallet and to access data in order to delete, change, or assign property. Data to be uploaded by users can be text, images, sounds, videos, audios, speech, and others alike.

Users will be rewarded with tokens when they get involved in the advancement of the platform. For instance, in order to create a detailed profile, the system will offer users different sets of forms to fill. Users will be rewarded with SUN tokens for each form filled. Also, users will be compensated for any usage of their data that are marked as public.

In a nutshell, users can be rewarded with SUN tokens after opening an account, filling sets of forms, referring new users. They can also be rewarded if advertisers target them using their data and when their data are sold to AI companies.

Lastly, users will be able to trade the SUN token on exchanges for other currencies and cryptocurrencies.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.