The stablecoin swapping platform has launched an upgraded version of its native token today.
Today has seen the launch of the revamped Sun token project.
Sun token works a bit like other swapping platforms such as Uniswap and Pancake Swap but specialises in stablecoins. This makes it easy for traders to swap their stablecoins around with ease – this can be very handy for traders who wish to divide up their portfolios more easily.
The platform is powered by Tron and also allows for stake mining and self governance.
Sun token’s new contract address opened last night at around $0.028, before falling down to $0.024 within 24 hours representing a fall in price of around 14%.
Hard forks such as these can cause disruption to previously held price levels, so traders will be watching closely to find opportunities to buy Sun token.
Where to buy Sun token
What makes Sun token a buy right now?
Having recently launched its new version, Sun swap could one day become a vital service for swapping stablecoins. This would remove the need for foreign exchange services, as they could charge more competitive commission rates to allow for cheaper swaps between “currencies” by using stablecoins.
Sun token has also been developed by Tron – a well-established project with a good team of developers and strong name recognition within the crypto community.