On the evening of September 19th (Beijing time), Justin Sun, founder of TRON and global advisor of Huobi HTX, attended the X Space event themed "Boundless Imagination in the DEX 2.0 Era," co-hosted by Huobi Live, TRON, and SunPerp. He officially introduced SunPerp, his newly launched decentralized perpetual contract trading platform, to the crypto community. This is the first native perpetual contract DEX within the TRON ecosystem and represents a significant expansion built on the strengths of TRON's stablecoin.
During the livestream, 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, ushering in 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 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 USDT's key application scenarios. SunPerp aims to meet the trading needs of TRON users and unlock 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 funds daily. Even if SunPerp converts only 1% of these users, it will reach the contract user base of a second-tier centralized exchange, demonstrating its broad development prospects. Therefore, despite entering the market relatively late, Justin Sun is confident in SunPerp's development: "We are firmly optimistic about the Perp track and believe that with its 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 aimed at centralized scenarios, while SunPerp serves on-chain trading users, forming a comprehensive combination.
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 trading fluidity and the matching experience. It's like the relationship between 1 and 0: once you get the 1 right, you can then develop the countless 0s that follow,"Justin Sun emphasized. He also clarified that all on-chain behavior of early users will be fully recorded and retroactively tracked after the incentive system is launched. "As long as the user's transaction data is conducted before the future activities begin, it will be recognized."
Justin Sun also revealed that he will hold a SunPerp launch 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 components of 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 kept 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, points airdrops, and a lead generation system, will also be implemented in the future.
In terms of incentives, SunPerp will launch two mining models. The first is "Deposit Mining," where users deposit funds into SunPerp and receive up to 12% annualized returns, with instant access. The second is "Transaction Mining," where anyone who opens a position on SunPerp will receive token incentives in the amount of $SUN, comprehensively enhancing user returns and engagement.
$SUN will be fully empowered as the platform token for SunPerp. Justin Sun stated that he plans to use SunPerp's proceeds for a repurchase of $SUN to support the token's value and stability. Subsequently, $SUN will be given more application scenarios.
How to create an on-chain trading experience comparable to CEX
During the livestream, Justin Sun repeatedly emphasized SunPerp's core goal: "creating 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, it's entirely possible that TRON's massive user base of payers will convert to 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 DEXes. 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 in the crypto industry, Justin Sun continues to innovate. In the past year, new products such as SunPump, USDD 2.0, and SunPerp have launched. At the end of the livestream, Justin Sun discussed the significance of SunPerp to his personal entrepreneurial journey. He believes his entrepreneurial rhythm has changed significantly. Compared to his early days of "starting things up quickly," he has now entered a more mature and methodical phase in product development. "Every new project now represents a carefully considered strategic decision. SunPerp wasn't just a rushed initiative because we saw a trending market yesterday. Instead, it represents a deep dive into the next phase 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.
