Strong cooperation, Sun Dao and HTX Dao jointly present a heavyweight voting event
On September 2, 2024, the SunPump platform will usher in a grand voting event, jointly hosted by Sun Dao and HTX Dao. This event has opened up a golden channel for meme coins on SunPump to the HTX trading platform. As long as the project reaches 100% of the Bonding Curve, it will be eligible for voting. Users holding veSUN will have voting rights to jointly decide which meme coins can stand out. This is not only an opportunity to demonstrate the power and consensus of the community, but also reflects the fairness and transparency of the voting process.
The activity rules are clear and the voting time is from 12:00 on September 2, 2024 to 12:00 on September 5 (UTC+ 8). During this period, meme coins with 100% Bonding Curve on SunPump (except those already listed on HTX) before the end of the voting will automatically enter the voting pool and be eligible to be voted. The voting method is convenient. Users who hold veSUN (which can be obtained by staking SUN) can participate. 1 veSUN is equal to 1 vote. Users without veSun can easily join by staking SUN. The voting channel is located on the SunPump homepage. Click the "[Vote to List a Meme Coin on HTX!]" button, and the channel will be automatically opened when the voting starts. However, users should carefully verify the token contract address to prevent miscasting.
The conditions for listing HTX are clear and attractive. When the voting ends, the project with the highest number of votes and no less than 4 million veSUN will be eligible for listing. If the project that meets the conditions is listed in advance, the meme coin with the second highest number of votes will be automatically replaced.
Sun Dao plays a key role in the SUN.io ecosystem, and is committed to reaching consensus among ecosystem participants through a sound governance mechanism. Key security elements include protocol functions and SUN tokens. In terms of protocol functions, the decentralized governance mechanism is very rich, including community participation, incentives, self-regulation, and policy management. Governance is carried out through on-chain proposals to ensure that the protocol can operate autonomously and efficiently.
SUN tokens play a vital role in this. Token holders have a great responsibility for the protocol and the ecosystem, and can contribute to the protocol through practical actions. Users who hold veSUN (which can be obtained by staking SUN) tokens can participate in governance voting, while also enjoying various rewards and incentives from the ecosystem. Not only can they receive weekly TUSD rewards in proportion, which is calculated based on 50% of the stablecoin pool fees for that week, but they can also significantly increase the speed of liquidity pool mining, up to 2.5 times, and users can estimate the improvement effect through the calculator on the web page.
In addition, veSUN holders have voting rights and can decide the weight of the liquidity pool. This decision is based on the snapshot results at 08:00 (SGT) every Thursday. At the same time, users can also get additional SUN rewards by locking SUN. These rewards come from the penalties for early withdrawal in the first phase, which can be queried and claimed in the SUN staking pool.
For details on how to obtain veSUN, please visit https://docs.sun.io/get-start/tokenomics/vesun
Recently, Justin Sun, founder of TRON and member of Huobi HTX Global Advisory Committee, pointed out that all protocol revenues obtained by the SunPump platform will be used to repurchase SUN tokens in a decentralized manner and burn them completely to realize the return of value to the protocol. This move fully demonstrates strong support for the development of the SUN DAO platform.
As a pioneer in the blockchain ecosystem, HTX DAO is committed to developing open finance and decentralized token economy, handing over governance rights to HTX token holders and adopting a unique decentralized governance model, which is different from traditional companies. It attracts diverse participants to hold tokens, achieves common governance goals, and injects strong momentum into the development of the blockchain ecosystem.
The joint event between Sun Dao and HTX Dao is of great significance. It provides a broad platform for the development of Meme Coin and demonstrates that both parties attach great importance to community participation and consensus. Come and participate in this wonderful event and jointly promote the prosperity and development of the cryptocurrency market.
