Justin Sun joins the perpetual contract DEX: SunPerp, not just Perp DEX
On the evening of September 19th (Beijing time), Justin Sun, founder of TRON and global advisor of Huobi HTX, attended the "Boundless Imagination in the DEX 2.0 Era" X Space event, co-hosted by Huobi Live, TRON, and SunPerp. He officially introduced SunPerp, his newly launched decentralized perpetual swap trading platform, to the crypto community. This is the first native perpetual swap DEX within the TRON ecosystem, and represents a significant expansion built on the strengths of TRON's stablecoin.
During the live broadcast, Justin Sun systematically elaborated on SunPerp's strategic positioning, product features, user incentive mechanisms, and other key information. He emphasized that SunPerp is expected to drive TRON's transformation from a transfer chain to a transaction chain, bringing about a new wave of explosive growth.
Justin attended the X Space event themed "Boundless Imagination in the DEX 2.0 Era"
The key puzzle of ecological layout: Why SunPerp is necessary
The creation of SunPerp was no whim; it holds significant strategic significance for the development of the TRON ecosystem. Justin Sun noted that while most mainstream public chains have already launched perpetual contract platforms, TRON still lacks this capability. Therefore, from a defensive perspective within the public chain ecosystem, developing a perpetual contract DEX is crucial for TRON. The TRON network boasts the largest circulating supply of USDT, and perpetual contracts are one of its key application scenarios. SunPerp aims to meet the trading needs of TRON users and unleash the ecosystem's immense potential.
Justin Sun believes that perpetual contracts, with their advantages of better liquidity, more convenient settlement, higher capital efficiency, and freedom from asset native chain restrictions, will replace spot trading and become a new trend in cryptocurrency investment. Backed by TRON's infrastructure advantages in the stablecoin layer, SunPerp will have access to a natural pool of funds. Currently, the TRON network has millions of users transferring money every day. Even if SunPerp converts only 1% of these users, it will be able to reach the contract user base of a second-tier centralized exchange, which shows its broad development prospects. Therefore, despite entering the market relatively late, Justin Sun is full of confidence in the development of SunPerp: "We are firmly optimistic about the Perp track and believe that with excellent product experience and solid underlying services, we can achieve a latecomer advantage."
In the future, SunPerp will expand to more public chains such as Ethereum and BSC, and will complement the ecosystem with Huobi HTX. Huobi HTX is oriented towards centralized scenarios, while SunPerp serves users who trade on the chain, forming a combined punch.
SunPerp's "Build First, Break Later": From Product Refinement to Growth Strategy
SunPerp is currently in its early public beta phase. As of September 20th, the third day of public beta, the number of registered users has exceeded 1,000. In the short term, the team's top priority is to focus on product refinement, ensuring smooth trading and market depth, continuously expanding asset coverage, adding new and popular assets, and strengthening the user experience. Further features to enhance user growth will be iterated upon in subsequent versions.
Sunperp DEX public beta launch day 3, the number of registered users exceeded 1000+
"We chose not to award points, conduct airdrops, or create leaderboards in the early stages because we wanted to polish the most basic closed-loop trading system and maximize the smoothness of transactions and the matching experience. It's like the relationship between 1 and 0. Once you get the first 1 right, you can then develop the countless zeros that follow,"Justin Sun emphasized. He also made it clear that all on-chain behaviors of early users will be fully recorded and will be traced back after the incentive system is launched in the future. "As long as the transactions are conducted before the start of future activities, the user's transaction data will be recognized."
Justin Sun also revealed that he will hold a SunPerp press conference during TOKEN2049 on October 1, where more important news will be announced.
Super benefits: the lowest contract rate in the industry, only at SunPerp
In addition to powerful trading tools, a wealth of benefits and promotions are also crucial to the user experience. SunPerp has also made thorough preparations in this regard. First and foremost, it offers the lowest contract fees in the industry. "SunPerp is like the Pinduoduo of DEXs. We've pushed our contract fees to the lowest in the industry," said Justin Sun Furthermore, SunPerp will soon launch a "Deposit and Get Real Money" promotion, which will substantially rebate transaction gas fees to users. Current mainstream new user acquisition methods in the industry, including commission rebate incentives, point airdrops, and lead generation systems, will also be implemented in the future.
In terms of incentive mechanisms, SunPerp will launch two mining modes. The first is "deposit mining," where users deposit funds into SunPerp to earn up to 12% annualized returns, with instant access. The second is "transaction mining," where users who open a position on SunPerp will receive $SUN token incentives, comprehensively enhancing user returns and participation.
$SUN will be fully empowered as the platform token of SunPerp. Justin Sun stated that he plans to use SunPerp's revenue to repurchase $SUN to support the token's value and stability. $SUN will also be given more application scenarios in the future.
How to create an on-chain trading experience comparable to CEX
During the livestream, Justin Sun repeatedly emphasized that SunPerp's core goal is to "create an on-chain trading experience comparable to CEX." This includes slippage control, matching efficiency, leverage capabilities, and the timeliness and depth of asset support. "If we can reach CEX levels in asset coverage, capital efficiency, and trading depth, TRON's massive user base of payers will likely be converted into SunPerp's trading users,"Justin Sun said.
SunPerp currently uses zero-knowledge proof (ZK) technology to transmit order information to the TRON mainnet, ensuring user privacy. Unlike many perpetual contract DEXs, SunPerp allows users to choose whether to display their holdings, and does not disclose position data by default.
Regarding the issue of fund security, which is of primary concern to users, SunPerp also adheres to the standards of large centralized exchanges. Justin Sun stated that the team will implement strict controls to prevent security incidents, eliminating the price manipulation and targeted liquidations that have plagued other perpetual contract DEXs. Furthermore, leveraging its strong financial backing, SunPerp has also established a compensation guarantee mechanism and will establish an independent risk reserve address to provide users with a safety net in the event of a security issue.
Starting from SunPerp: Justin Sun’s growth and original intention
After more than a decade of hard work in the crypto industry, Justin Sun is still constantly innovating. In the past year, new products such as SunPump, USDD 2.0, and SunPerp have been launched. At the end of the live broadcast, Justin Sun also talked about the significance of SunPerp to his personal entrepreneurial cycle. He believes that his entrepreneurial rhythm has changed significantly. Compared with his early years of "starting a business with a focused mind and making quick moves", his current product launches have entered a more mature and methodical stage. "Every new project now is a well-thought-out strategic decision. SunPerp is not something we did yesterday because we saw the track was popular, but rather a deep layout for the next development of the TRON ecosystem."
For Justin Sun, the one thing that remains unchanged is his passion for building the crypto industry. “I’m still quite passionate about it,” he said with a smile.
