Introducing Sun Finance
A smart solution on the smartest network
Sun Finance aims to provide a comprehensive roster of De-Fi services supporting up-and-coming projects and solutions that make a mark in the cryptocurrency space.
Why Fantom?
Fantom (FTM) is known as the Ethereum-killer and it has been recognized by the crypto global market for a long time now. Fantom is a platform that allows its users and developers to build decentralized applications (dApps), smart contracts, and also create NFT tokens. Fantom has now become the 5th biggest platform in the crypto industry with a total value locked (TVL) of all the apps crossing the $8.27 billion mark (and rapidly growing).
Fantom Foundation also recently launched Artion, an NFT marketplace built on the Fantom chain. Artion is feature-filled, open-source, fast, and inexpensive: 0% commissions, with the near-zero transaction costs and ultra- fast confirmation and settlements that you are used to.
What is a Crypto Launchpad?
Crypto launchpads are platforms that allow investors to buy into new cryptocurrency projects before the tokens are publicly released. This usually results in purchasing tokens at a reduced or discounted price before they hit the markets and revealed to the general public.
Downside of Traditional Crypto Launchpads
Launchpads generally require you to hold a certain amount of tokens for participating in their Initial Dex Offering (IDOs). This setup results in extreme high volatility of the token price in every upcoming IDOs and only gives life to that project in that specific period.
This leaves the tokens in each holders’ wallet stagnant if there are no active projects in the said launchpad. This makes the tokens a “sleeping asset” for most of the time, missing potential opportunities for the investors.
The SUN Finance Solution
Instead of tokens, the SUN Finance Launchpad shall use a unique approach of utilizing NFTs (non-fungible tokens) as its main launchpad requirement.
Why NFTs?
Apart from the fact that NFTs are not extremely volatile because people can’t create a significant impact on the floor price like it can be the case for standard tokens, NFT traders will also look for the art. 5,000 NFTs will be minted in exchange for SUN tokens. This way, the NFTs itself will have its own value based on the current NFT rarity, trend, and demand.
All the NFTs will be unique in traits, they will have their own rarity scores, they’ll be tradeable on a marketplace and good partnerships and an exclusive club for holders will be created as well.
Tokenomics
SUN tokens will have 10% of tax applicable on both buys and sells. The tax is divided in three, the marketing wallet gets 3%, the development wallet for the launchpad and NFTs gets 3%, the remaining 4% goes to make the LP strong enough to be able to balance the farm rewards.
The total supply is 1 Billion $SUN. The distribution is as categorised:
40% — Presale
30% — Liquidity
25% — Farm Rewards
5% — Giveaways
The tokens will be locked before the farm goes live and will be extended till the time when partnerships with a solid team creating a farm for us is announced.
Roadmap
Q4 2021
- Presale Raise
- Launch on Spiritswap
- Farms
- Partnerships
- Whitelisted on Spiritswap
- Sneak Peek to NFTs
- NFT minting and utility revealed
- AMAs and partnerships commenced
- Community giveaways
- Minting of 5000 NFTs
- Rarity Score Table reveal
- NFT Marketplace launch
Q1 2022
- SUN Finance Launchpad
- Launchpad project applications and evaluations
- Inhouse IDOs with additional usecases of NFTs.
- New De-Fi project launch on SUN launchpad
- Tier Allocations
- More marketing, partnerships, and exposures
- NFT Holders exclusive club reveal
How to buy $SUN tokens:
You can buy $SUN tokens using Fantom tokens in Spiritswap DEX.
- Make sure you have setup Metamask to the FTM network
- Get some FTM coins (either from exchanges like Binance, or you can swap it using bridges)
- Go to Spiritswap or click this link:
https://swap.spiritswap.finance/#/swap/0x60e91f89A2986975822De3BfE50df002Ef46EaAD
- Make sure that your slippage is set to 10–12% for the transaction to go through
- Input the amount of FTM you want to spend and click Swap.
- Confirm the transaction in Metamask and wait it to be confirmed by the network
- Please take note that the maximum buy amount per transaction is 5 million tokens, exceeding this amount will result in a failed transaction. You can use multiple buys in 5million token amounts each if you want to secure more tokens.
Community
The SUN founder, developers, designers, and the community in general are very engaging and supportive for crypto veterans and newbies alike. The team has slated several AMAs, marketing activities, and giveaways prior to the much anticipated minting event on October 19, 2021.
The community is growing fast so if you’re not in it already, we invite you to join our community:
Telegram: t.me/sunfinancelaunchpad
Discord: https://discord.gg/za5twYqm
Twitter: https://twitter.com/SunFinanceFTM
For marketing proposals, kindly email contact@sunfinance.site
