Sure, Tron’s Justin Solar simply named a meme coin after himself
CEO of Tron Basis, Justin Solar introduced the launch of $SUN, Tron Community’s first meme coin that will probably be mined to fund Solar Genesis Mining, a community-driven decentralized (DeFi) potential of TRON that runs on open-source good contracts.
(1/5) I’m glad to announce that we have now determined to launch $SUN 🌞 Genesis #Mining. ⛏️
#SUN🌞, manifesting complete #group self-governance, is a residing demonstration within the coalescence of encryption with creative expression.https://t.co/F7HNajPfQc
— Justin Solar (@justinsuntron) August 31, 2020
The CEO stated that the brand new enterprise was a “radical social experiment” that emphasised self-governance and a approach for Solar to pay tribute to the spirit of decentralization as advocated by the mysterious Satoshi Nakamoto. Justin Solar penned an open letter in a weblog that stated:
“Designed as the quintessential Bitcoin equivalent on the TRON network, SUN features zero venture capital investments and zero private equity investments, pre-mining or reserves for the team.”
He hoped that this transfer would encourage the SUN group to suggest, focus on, vote, and even implement “bold and revolutionary” proposals. A lot of because of this $SUN could possibly be a reward for staking crypto on the TRON blockchain. He implied in his letter that customers can promote $SUN, on secondary markets or use it to vote and implement on governance selections.
Furthermore, the CEO claimed that he would additionally take part in Solar’s group discussions and proposals. In line with the discharge:
The official launch of SUN Genesis mining is on September 2, 2020. The overall provide of SUN will probably be 19,900,730, while the rewards for the Genesis mining will probably be distributed on September 16.
Like Solar Genesis Mining there have been different self-governance communities equivalent to MakerDAO, Compound, AAVE, YFI which have emerged on good main contracts platform Ethereum.