Today, SUN Foundation announced that Huobi exchange’s very own HuobiToken ($HT) is now live and available for LP Mining on SUN.IO after receiving 53.21% votes from the SUN community.
Last October 15th, SUN Foundation informed the community that they are officially launching a SUN vote-to-list web page, in which SUN holders can vote for a new LP Mining Pool and required that the token being voted by the community should be in TRC20 standard and the project team should have entered the SUN whitelist.
🎉 $SUN 🌞 is excited to announce the next LP Mining Token!
🗣️The community has spoken, with 53.21% of votes, the new LP Mining token on https://t.co/6selkiJz5g is HuobiToken (HT) @HuobiGlobal
👉 $HT is now live & available for LP Mining!
🚀 Get started at https://t.co/6selkiJz5g pic.twitter.com/qcqQyqytgL— SUN.IO (@defi_sunio) October 19, 2020
The election period for the new LP Mining lasted for 3 days and with the new vote-to-list mechanism in place, SUN Foundation listened to the community’s vote and boost the TRON DeFi ecosystem as a whole with SUN, especially with the selection of the newest token available for LP Mining, the HuobiToken.
What is HuobiToken?
Huobi Token (HT) is an exchange based token and native currency of the Huobi crypto exchange. Under Huobi Exchange, HT is being used to purchase monthly plan subscriptions, votes on exchange decisions, early access to events, receive cryptocurrency rewards from seasonal buybacks, and trade with other cryptocurrencies listed on the said exchange.
Huobi is a Singapore based web-platform for cryptocurrency exchange and it was founded in China by Leon Li in 2013.
What is SUN?
SUN is a social experiment and it focuses on the DeFi potential of TRON. It is designed as the quintessential Bitcoin equivalent on the TRON network. The company has no VC investments, no PE investments, no pre-mining or reserves for the team, and is wholly operated by the SUN community through its open-source smart contracts.
The collaboration between SUN Foundation and Huobi shows that SUN continues in prioritizing the community when it comes to the decisions and keeping their promise to deliver full self-governance to the SUN community.
Let us know in the comments below and share your thoughts about the SUN community’s voted token.
For more news and updates, see Tron Spark.
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