Justin Sun, the founder of Tron (TRX) and SunPump launchpad recently announced on-chain buyback and burn for Sun token (SUN). This models the new altcoin Rollblock’s revenue sharing approach that has been attracting the attention of the crypto market.
Following his announcement, investors are getting more interested in Rollblock, which has become the role model for top crypto projects, despite just being in its presale stage. Keep reading to get the full details!
Tron Dao (TRX) Rallies Influenced By SunPump Launch
In August 2024, Tron Dao (TRX) founder Justin Sun, launched another project on the TRON network called SunPump. It is a new memecoin launchpad that provides users with an easy and low-cost way to create and trade memecoins, inspired by Solana’s Pump.fun.
The project has attracted investors and boosted TRX’s price. TRX’s market sentiment is currently bullish, its trading volume has surged by 15.52% as it trades above the 200-day simple moving average.
However, TRX’s price declined slightly by 5.67% at the start of September and it currently trades 50% below its ATH. Analysts further predict a price drop by 25.69% from its current price, in the coming weeks, due to its high volatility.
Sun Token (SUN) Price Declines Amid Justin Sun’s Buyback Implementation
Sun token (SUN) is another TRON-based token that had an amazing market performance. Over the past year, its price increased by 433% and surged by 224.71% in the past month alone, outperforming 93% of the top 100 crypto assets including Bitcoin and Ethereum.
However, experts record that the SUN’s volatility is currently very high, all thanks to Justin Sun’s announcement on the X platform about the Tron community’s decision to implement a 100% on-chain buyback and burn process for SUN on the SunPump launchpad.
The buyback process is a revenue sharing approach modeled from a new altcoin, which is meant to further promote the SunPump launchpad. Since the announcement, SUN has sharply declined to $0.027784, a 50% decline from its ATH of $.05436, as investors begin to sell off.
Rollblock Makes Headlines For Its Revenue Sharing Model
Rollblock is a hybrid AI driven GambleFi platform that offers users over 150 games including casino favorites such as poker and roulette. Rollblock has continuously attracted investors since the very first stage of its presale. It is currently making headlines resulting from its implementation of revenue sharing and buyback features which many top crypto projects are modeling.
The platform’s online casino has quickly become a fan favorite for individuals in search of an additional source of income from a community based token. Rollblock eliminates the problems of traditional gambling platforms and other online casino norms by offering users high payouts, fast transactions, and transparent analytics on betting history.
Users can use crypto for transactions on the platform, enhancing swift deposits and withdrawals and eliminating the need for KYC verification. Rollblock’s ongoing presale is in stage 6 and tokens are available for purchase at $0.025.
Despite the affordability of the tokens, Rollblock still rewards players and $RBLK holders through its buy-back feature and revenue sharing model which has driven the presale momentum higher, distinguishing it from competitors. Moreover, analysts predict a surge of up to 1000% at the token’s official launch.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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Source: https://www.crypto-news-flash.com/tron-trx-founder-announces-on-chain-buyback-and-burn-for-sun-following-new-altcoins-revenue-share-model/?utm_source=rss&utm_medium=rss&utm_campaign=tron-trx-founder-announces-on-chain-buyback-and-burn-for-sun-following-new-altcoins-revenue-share-model