TRON's DeFi Token SUN Becomes First Listed Token on Binance Innovation Zone
After the launch of JustSwap, the ecosystem of TRON Network is now growing by leaps and bounds, since your token DeFi SUN has become the first token to be listed in Binance's newly launched Innovation Zone.
The TRON Foundation retweeted the announcement made on Monday, September 21 from Binance. According to Binance's announcement, the leading crypto exchange has created an Innovation Zone:
"A dedicated trading zone where users can trade new and innovative tokens that are likely to have higher volatility and pose higher risk than other tokens."
In a separate blog post, announcing the launch of Innovation Zone, the Binance team said:
“Our team has created the Innovation Zone, which will allow users to exchange new token offerings from the comfort of their Binance account, while at the same time protecting less-adapted users from being exposed to the 'risk' that comes with trading. with them".
Binance said that the list of new tokens and projects was not a problem in 2017 when Binance was new to the scene. But now, Binance is bigger and has a wider user base. Furthermore, with the exponential growth of the movement DeFi, the list of new tokens and projects requires careful and thorough analysis.
The exchange further said that in order to stay trendy and deliver what users want, it needed to list popular projects while trying to avoid scams or bad projects.
So Binance will continue to list DeFi coins, some of which may be from projects that have decentralized teams with no explicit founders.
To stay in sync with the recent DeFi boom, Binance has launched an Innovation Zoom that will provide its users with a safe place to exchange new and innovative projects.
The first new token to be included in the Innovation Zone is SUN (SUN), TRON Network's DeFi Controller. Trading of the SUN / BTC and SUN / USDT trading pairs has already started.
According to a Binance Research post on Monday, September 21, SUN is an incentive layer for TRON's DeFi ecosystem and a cross-chain asset transit hub.
For cross-chain functionality, the first batch of no TRC20 / 10 including BitCoin (BTC), Ethereum (ETH), Ripple (XRP), BitcoinCash (BCH), Litecoin (LTC), Bitcoin SV (BSV), STEEM ( STEEM)) is under observation. These off-chain assets will be combined with the TRC20 / 10 tokens to support the liquidity pools.
TRON Network is now growing rapidly after the launch of JustSwap, TRON's DeFi protocol. According to yesterday's report, JustSwap ranked first on the major decentralized exchanges (DEX) by 24-hour trading volume.
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