What is Sun Token (SUNOLD)?

Question

Accepted Answer

Sun Token (SUNOLD) is the old version of the SUN token that was part of a migration and redenomination plan on the TRON blockchain. Initially, SUN aimed to advance decentralized finance (DeFi) on the TRON network and was considered an equivalent to Bitcoin within this ecosystem. The project is community-driven, operating through smart contracts and focusing on supporting DeFi activities like staking and governance.

In mid-2021, there was a significant change involving the SUN token. The old SUN tokens were redenominated and renamed as SUNOLD, and new SUN tokens were issued at a ratio of 1 old SUN = 1,000 new SUN. This was part of an effort to streamline the token's use within the TRON DeFi ecosystem. Following this redenomination, the old SUN tokens, now SUNOLD, were listed with a new contract address, while trading and other functionalities continued on supported platforms like Binance, although some platforms might restrict the trading or support for the old version.