Justin Sun expressed that HT staking mining and HT/TRX LP mining will start on September 23th, 14:00 (HKT), with the mining duration being 15 days. SUN is set to HuobiGlobal HT staking and liquidity mining on after the review.
This news is coming after Huobi Global issued the TRC20 of HT on the TRON blockchain.
TRON Foundation on Medium stated, “We would like to welcome Huobi Token (HT), the Huobi Global Ecological Token, on entering the Official SUN.IO Observation List! Huobi Global Exchange has issued (not minted) a TRC-20 of HT on the TRON blockchain. SUN will begin HT staking and LP liquidity mining on sun.io after the review.”
The publication also expressed that the SUN mining pool community are open minded and they choose premium assets to form their mining pools. The candidates differ from TRC10/20 through non-TRC10/20 assets.
The SUN community is set to cooperate with the JUST team and other exchanges to ensure cross-chain bridge thereby establishing unity among global crypto communities, facilitating ease of interoperability.
Justin Sun tweeted: “HuobiGlobal has now opened the deposit and withdrawal of TRC20-HT. This issuance of TRC20-HT will not make any impact on the total issuance size of $HT (Huobi Token) or the circulation of $HT (Huobi Token).”
Sydney Ifergan, the crypto expert tweeted: “Cross-chain asset mining for non-TRC10/20 tokens through cross-chain token issuance is set for activation season with the Sun Community on the TRON Foundation.”
The SUN community self-governance is upcoming. It has been stated that the community will be completely governed by users. Users will be voting with SUN to set new mining pools. The SUN token will be the transit center in the TRON DeFi ecosystem, facilitating a a cross-chain channel between TRON and other external digital assets.
The reference for mining pool listing will be the observation list of SUN. Thus openness and transparency is maintained at the code.
The observation list will consist of the most premium cryptocurrencies to providing a diverse array of staking assets, from which the SUN community can choose to make the liquidity pool.
The project evaluation is based on criteria like should have been listed on JustSwap, should be in official whitelist, audited project code, social media presence and engagement, and long term work association with TRON ecosystem identifying with TRON value proposition.
The first batch of non-TRC10/20 tokens which are currently under observation are BitCoin (BTC), Ethereum (ETH), Ripple (XRP), BitcoinCash (BCH), Litecoin (LTC), Bitcoin SV (BSV), and STEEM (STEEM). However, not all the assets on the observation pool might get added to the mining pool.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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