Category: Accounting

Singapore,July 30, 2024, 12:00 PM – SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative aims to enhance SUN.io’s decentralized governance and community autonomy. By expanding the real-world use cases of the SUN token, SUN DAO will support the development and long-term governance of the SUN.io protocol. At its core, SUN DAO relies on its protocol functions and the SUN token for security. These functions, which include community engagement, incentive measures, self-regulation, and policy management, are governed through on-chain proposals. The SUN token will be integral to this governance process, integrating and digitizing various forms of capital, such as monetary and human resources, and encouraging active participation from community members in governance and proposals. With the introduction of SUN DAO, SUN.io will transition to a fully decentralized governance model, empowering community members to participate actively in the platform’s voting and decision-making processes. Industry experts believe that SUN DAO will redefine decentralized governance, setting new benchmarks in the DeFi ecosystem for transparency, fairness, and innovation. Explore New Horizons in Decentralized Governance with SUN DAO SUN DAO leverages innovative incentive mechanisms and a tiered governance structure to establish a future-proof governance model, ensuring the long-term success of the SUN.io protocol. This approach is designed to drive continuous growth and improvement, maintaining the platform’s relevance and effectiveness for decades to come. Under the current system, SUN holders can collectively manage the protocol and vote on proposals by converting their tokens into veSUN. Community members with a specified amount of veSUN holdings can submit proposals. For a proposal to be executed, it must receive a minimum number of yes votes and have more yes votes than no votes. This mechanism ensures efficient governance without third-party intervention, allowing the protocol to operate, manage, and develop autonomously according to predefined rules, thereby maximizing efficiency. The SUN token plays a crucial role in this process, digitizing and tokenizing all organizational elements, integrating both monetary and human capital, and significantly enhancing overall efficiency. According to the SUN.io team, the SUN token economy is designed to foster the healthy development and growth of the SUN.io ecosystem in the long term, ultimately benefiting all stakeholders under a robust protocol. SUN.io has introduced economic incentives based on the trust established by SUN DAO, including mutual trust among SUN token holders, the market, liquidity providers, and integrators. These liquidity-based governance approaches aim to sustain active participation in the voting process and expand the pools as the ecosystem grows and attracts more participants. Fostering Innovation on SUN.io to Unlock Diverse veSUN Use Cases The official launch of SUN DAO will significantly expand the use cases of its vote escrow mechanism, veSUN, encouraging greater participation from community users and driving further innovation and development across the SUN.io ecosystem. Users can lock up SUN tokens to receive veSUN, the voting certificate that grants them a voice in platform governance. Those holding a certain amount of veSUN can submit governance proposals to support new markets, add functionalities to the protocol, and more. Other veSUN holders can vote on the proposals while enjoying benefits such as liquidity mining boosts, votes to determine the weights of liquidity pools and 50% of transaction fees in stablecoin pools. Industry experts believe that adopting autonomous governance will revitalize the SUN.io ecosystem. By decentralizing community governance, users gain greater flexibility in resource allocation and can contribute valuable insights for development and improvement. This approach unites community efforts to drive product iteration and fosters a stronger sense of belonging and responsibility among members. By introducing a decentralized, multi-tiered governance framework powered by an incentivized system, SUN DAO motivates community members to propose innovative ideas and solutions, ensuring active participation in the voting process. By attracting new users and investments, SUN DAO fosters growth and innovation within the platform and the broader DeFi sector. As a crucial component of the TRON ecosystem, SUN.io’s implementation of the DAO model is set to attract a broader community of users and developers, supporting TRON in maintaining a healthy, self-reinforcing DeFi ecosystem. SUN.io, the pioneering integrated platform on the TRON network, offers a comprehensive suite of decentralized financial services, including stablecoin swaps, liquidity mining, and the conversion of Dominica’s authorized digital currency while enabling self-governance. As of July 2024, SUN.io amassed a total value locked (TVL) of $431 million. The establishment of SUN DAO will further solidify its leading role in the DeFi ecosystem by extending premium decentralized financial services globally, fostering sustained innovation and growth in the industry. About SUN DAO SUN DAO is a platform aimed at achieving genuine community autonomy and open collaboration through blockchain technology and smart contracts. As a decentralized autonomous organization (DAO), we provide a fair, transparent, and efficient decision-making framework for community members, enabling everyone to equally participate in project development and governance. About SUN.io SUN.io is the first decentralized autonomous platform on the TRON network that integrates stablecoin and comprehensive token exchange while supporting liquidity mining. It aims to provide optimal trading liquidity and asset returns for the TRON ecosystem. Users can stake SUN to obtain veSUN, allowing them to enjoy multiple platform benefits. Media Contact Karina.Wang [email protected] Contact Details Karina.Wang [email protected]

Buenos Aires, Argentina – August 1, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions. SUBE cards are pre-loadable wallets used for public transportation across Argentina. They allow users to pay fares for buses, subways, trains, trolleybuses, and ferries with ease. This system is widely implemented in Greater Buenos Aires, as well as over 60 other towns, including notable locations such as Bariloche, Ushuaia, and Mendoza. Tran Hung, CEO of UQUID, expressed his enthusiasm for the service, stating, ” Integrating blockchain into daily life is key to our mission of simplifying transactions. We chose USDT on TRON for its stability, low fees, and speed, making it ideal for LATAM users. After our success with SSS payments in the Philippines, we’re thrilled to bring this innovative solution for SUBE card top-ups to Argentina. Personally, I am excited to see how these advancements can enhance commuting and simplify financial transactions for our users “. Dave Uhryniak, Leader of Ecosystem Development at TRON DAO commented, “We are excited about UQUID’s innovative integration of USDT on the TRON blockchain for topping up SUBE cards. This functionality demonstrates the practical utility of cryptocurrency in everyday life. By leveraging TRON’s stability, low fees, and speed, UQUID is setting a new standard for how digital assets can enhance convenience for users in Latin America.” Transforming Public Transport Payments in Argentina The SUBE card is essential for Argentina’s public transportation system. Traditionally, topping up these cards involved visiting physical locations like subway stations and kiosks, or using online banking platforms, often resulting in long waits and time-consuming processes. Utilizing the TRON blockchain for SUBE card top-ups ensures rapid transaction times, allowing users to add credit almost instantly and eliminating the need for long queues. This convenience will enable commuters to top up their cards anytime and anywhere, particularly benefiting those with busy schedules or who travel during non-standard hours. Transactions on the TRON network are known for their low fees, making it a cost-effective option for users. This enables commuters to maximize their travel budgets without incurring high transaction costs. USDT (Tether), a stablecoin pegged to the US dollar, provides a stable and reliable transaction value. In a high-inflation economy, this stability is crucial for maintaining the purchasing power of commuters’ funds. The integration of USDT on TRON for SUBE card top-ups democratizes access to transportation by providing an inclusive financial tool accessible to anyone with cryptocurrency, regardless of traditional banking limitations. The adoption of USDT on TRON has been growing rapidly across Latin America, including Argentina. According to UQUID, nearly 48.78% of their users in Latin America utilize USDT on the TRON network for their purchases, highlighting the growing preference for TRON-based transactions in the region. This trend is driven by the need for stable and efficient financial solutions in regions experiencing economic instability. The low transaction fees, fast processing times, and stability of USDT on TRON make it an ideal choice for everyday transactions and savings. This new feature represents a significant advancement in the use of blockchain technology for everyday financial transactions, offering a modern and efficient solution for Argentine commuters. It highlights the potential of cryptocurrency to provide practical, real-world benefits, reinforcing the growing trend of digital finance adoption in Latin America and beyond. About Uquid Launched in 2016, Uquid is a pioneer in applying DeFi and Web 3.0 to e-commerce, aiming to deliver the ultimate Shop to Earn experience. With verified merchants, exclusive deals, cashback, and Payin3 with crypto, Uquid leads the way in the Web 3.0 shopping infrastructure. Over the years, Uquid has grown to serve 220 million users across significant platforms such as Binance, Crypto.com, and Gate.io. With a remarkable monthly visitor count exceeding 50 million, Uquid is not just a platform but a pivotal player in shaping the new generation of e-commerce. Boasting the largest selection of over 160 million physical, digital, and NFT products and offering comprehensive shipping services to over 200 countries and territories, Uquid caters to a diverse global customer base. Users shopping at Uquid benefit from flexible and convenient payment methods, including cryptocurrency, fiat, or wallets. In 2021, Uquid introduced the first Buy Now Pay Later with crypto option—Payin3—demonstrating its ambition to dominate the crypto marketplace. Uquid Payin3 allows customers to protect the future value of their crypto by delaying payment in three installments over 90 days, interest-free. Offering an extensive array of products and the best Shop to Earn experience, Uquid continues to redefine the standards of convenience and accessibility in the digital shopping landscape. For more information about Uquid, please visit: Uquid Official Maeve Vu [email protected] About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2024, it has over 244 million total user accounts on the blockchain, more than 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park [email protected] Contact Details Maeve Vu [email protected]