Sun Yuchen enters the perpetual contract DEX: SunPerp launches "the lowest contract fee rate in the entire network."

CN
4 hours ago

The founder of TRON, Justin Sun, has launched the perpetual contract trading platform SunPerp, which is the first native perpetual contract DEX in the TRON ecosystem. The platform leverages the advantages of USDT on the TRON network to offer the lowest contract fees in the industry, employs ZK technology to protect user privacy, and plans to incentivize users through mechanisms such as deposit mining and trading mining. This strategic layout aims to transform TRON from a transfer chain to a trading chain, filling the gap in the perpetual contract sector within the ecosystem.

Justin Sun Enters the Perpetual Contract DEX: SunPerp, Not Just a Perp DEX

On the evening of September 19, Beijing time, Justin Sun, founder of TRON and global advisor of Huobi HTX, attended the "Boundless Imagination in the Era of DEX 2.0" themed X Space jointly hosted by Huobi Live, TRON, and SunPerp, officially introducing his latest decentralized perpetual contract trading platform—SunPerp—to the crypto community. This is the first natively built perpetual contract DEX in the TRON ecosystem and represents a deep strategic layout based on the advantages of TRON's stablecoin.

During the live stream, Justin Sun systematically elaborated on key information such as SunPerp's strategic positioning, product features, and user incentive mechanisms. He emphasized that SunPerp is expected to drive TRON's transformation from a transfer chain to a trading chain, bringing about a new wave of explosive growth.

Justin Attends the "Boundless Imagination in the Era of DEX 2.0" Themed X Space

Key Puzzle Piece in Ecological Layout: Why SunPerp is Essential

The birth of SunPerp is not a spur-of-the-moment decision; it holds significant strategic importance for the development of the TRON ecosystem. Justin Sun pointed out that most mainstream public chains have launched perpetual contract platforms, while TRON still has a gap in this area. Therefore, from the perspective of defensive strategies for public chain ecosystems, laying out a perpetual contract DEX is crucial for TRON. The TRON network has the largest circulation of USDT, and perpetual contracts are one of the key application scenarios for USDT. SunPerp aims to meet the trading needs of TRON users and unleash the ecosystem's immense potential.

Justin Sun believes that perpetual contracts, with their better liquidity, more convenient settlement, higher capital efficiency, and lack of restrictions from the asset's native chain, will replace spot trading and become a new trend in cryptocurrency investment. Backed by TRON's infrastructure advantages in stablecoins, SunPerp will have a natural capital pool. Currently, there are millions of transfer users on the TRON network daily; even converting just 1% of these users could match the contract user volume of a second-tier centralized exchange, highlighting its vast development prospects. Therefore, despite entering the market later, Justin Sun is confident in SunPerp's growth: "We firmly believe in the Perp sector and believe that with an excellent product experience and solid underlying services, we can achieve success as latecomers."

In the future, SunPerp will also expand to more public chains such as Ethereum and BSC, and complement the ecosystem with Huobi HTX. Huobi HTX targets centralized scenarios, while SunPerp serves on-chain trading users, forming a comprehensive strategy.

SunPerp's "Establish First, Break Later": From Product Refinement to Growth Strategy

Currently, SunPerp is in the early public testing phase. As of September 20, the third day of public testing, the number of registered users has exceeded 1,000. In the short term, the team's primary task is to focus on refining the product, ensuring smooth trading and market depth, and continuously expanding asset coverage, timely introducing popular assets, and solidifying the user experience. As for more user growth features, they will be iterated in subsequent versions.

SunPerp DEX Public Testing Hits Over 1000 Registrations on Day 3

"We chose not to implement points, airdrops, or leaderboards in the early stages because we want to refine the most basic trading loop, achieving the utmost smoothness in trading and matching experience. Just like the relationship between 1 and 0, we need to get that first 1 right before developing countless 0s afterward," Justin Sun emphasized. He also clearly stated that all on-chain behaviors of early users will be fully recorded and will be recognized in the future incentive system once it is launched. "As long as the transactions are conducted before future activities begin, the users' trading data will be acknowledged."

Justin Sun also revealed that he will hold a SunPerp launch event during TOKEN2049 on October 1, where more significant news will be announced.

Superb Benefits: The Lowest Contract Fees in the Industry, Only at SunPerp

In addition to powerful trading tools, rich benefits and activities are also essential components of user experience. In this regard, SunPerp has made ample preparations. First is the lowest contract fee in the industry. "SunPerp is like Pinduoduo in the DEX world; we have reduced the contract fees to the lowest in the industry," Justin Sun said. Additionally, SunPerp will soon launch a "Recharge for Real Gold" event, effectively returning transaction gas fees to users. Currently, mainstream user acquisition methods in the industry, including rebate incentives, point airdrops, and copy trading systems, will also be gradually launched.

In terms of incentive mechanisms, SunPerp will introduce two mining models. The first is "Deposit Mining," where users can earn up to 12% annualized returns by depositing funds into SunPerp, with support for instant deposits and withdrawals. The second is "Trading Mining," where users can earn $SUN token incentives simply by opening positions on SunPerp, significantly enhancing user returns and participation.

$SUN will be fully empowered as the platform token of SunPerp. Justin Sun stated that the plan is to use SunPerp's profits for $SUN buybacks to support the token's value and stability. In the future, $SUN will also be endowed with more application scenarios.

How to Create an On-Chain Trading Experience Comparable to CEX

During the live stream, Justin Sun repeatedly emphasized that SunPerp's core goal is "to create an on-chain trading experience comparable to CEX." This includes slip control, matching efficiency, leverage capability, and the timeliness and depth of asset support. "If we can reach CEX levels in asset coverage, capital efficiency, and trading depth, the vast payment user base of TRON could very well be converted into trading users on SunPerp," Justin Sun stated.

SunPerp currently uses zero-knowledge proof (ZK) technology to transmit order information to the TRON mainnet, ensuring user privacy. Unlike many perpetual contract DEXs, SunPerp allows users to choose whether to display their positions, and does not default to publicizing position data.

Regarding the security of funds, which is a major concern for users, SunPerp also aligns with the standards of large centralized exchanges. Justin Sun stated that the team will implement strict controls to prevent security incidents, eliminating issues such as price manipulation and targeted liquidation that have occurred in other perpetual contract DEXs. Additionally, backed by strong capital support, SunPerp has established a compensation guarantee mechanism, setting up an independent risk reserve address to provide a safety net for users in case of security issues.

From SunPerp to Justin Sun: Growth and Original Intent

After more than a decade of hard work in the crypto industry, Justin Sun continues to innovate. In the past year alone, new products such as SunPump, USDD 2.0, and SunPerp have emerged. At the end of the live stream, Justin Sun discussed the significance of SunPerp in his personal entrepreneurial journey. He believes that his entrepreneurial rhythm has changed significantly; compared to the early years of "quietly starting a business and quickly launching," the introduction of new products has now entered a more mature and methodical stage. "Now, every new project is a well-considered strategic decision. SunPerp was not created hastily because we saw the sector gaining popularity yesterday; rather, it is a deep layout for the next step in the development of the TRON ecosystem."

For Justin Sun, what has not changed is his passion for continuously building the crypto industry. "I still feel quite passionate about this," he said with a smile.

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