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The last few days there has been a lot of talk about DEFI, we have also mentioned some things about Tron Defi, the Tron-Just Swap association and other projects linked to the Tron association.

Justin Sun's announcement of the launch of SUN Genesis Mining appears to be creating buying pressure from TRX, which seems to be directly influencing the rise in TRX price.

The TRX reached a peak of $ 0.0480, an atypical record for this cryptocurrency, this according to the CoinGecko record.

Launching.

In recent days Justin Sun announced the launch of SUN Genesis Mining, what he calls a "Social Experiment" based on community governance and which is part of the DEFI ecosystem that the Tron foundation seeks to promote.

"SUN, being completely community-driven, focuses on the decentralized finance (DeFi) potential of TRON. We understand that a series of self-governance communities such as MakerDAO, Compound, AAVE, YFI, etc. have emerged on Ethereum. We hope to use SUN to promote the vigorous development and possibilities of TRON's DeFi self-governance community. "
Sun expressed in an open letter to the community.

The SUN Genesis Mining began on September 2 and will run until September 16, the day when the social experiment will officially start on the so-called "Sun Day". The total supply of SUN will be 19,900,730.

To participate in mining it will be necessary to have Tron (TRX) stored in the Tron link Wallet and on September 16 the system will refund all the tokens to the participating community in a kind of Airdrop that will happen on "Sun Day".

"To participate in the Genesis Mining, simply deposit your TRX in TronLink wallet and login in to the Official website SUN.Market or sun.io using TronLink. This is how users can take part in the initial mining of SUN. In 14 days , the smart contract will refund all assets back to users' accounts, charging no handling fees. DON'T SEND TRX OR ANY TOKEN DIRECTLY TO SMART CONTRACT! THIS WILL LEAD TO THE LOSS OF ALL FUNDS! "
Says the statement.

So if you want to participate in this ecosystem or "social experiment" you can do so by following the steps detailed in the publication.

SUN Genesis Mining, Tron DEFI seems to have some effect on TRX that at the time of this publication its price was $ 0.0341, now it remains to wait to see what these announcements and the mining system bring.

Let me know your opinion!

Here you can read the publication with the announcement of the launch of SUN Genesis Mining.