🚀 Sui Foundation uses 117 million SUI tokens to create an ecosystem development fund
The organization behind the Sui blockchain - Sui Foundation, said it will establish a new ecosystem development fund with the amount allocated to the fund being 117 million SUI tokens (51 million USD).
Sui Foundation confirms that the above token amount is extracted from Sui's Community Reserve, which is allocated to 50% of the total SUI supply, according to tokenomics.
The new ecosystem development fund will focus on incubating new generation DeFi initiatives and applications on Sui, integrating DeepBook CLOB, AMM, liquid staking and lending order book mechanisms.
Also according to the Sui Foundation, since deploying the mainnet in early May 2023, the Sui blockchain has set a record of processing 65.8 million transactions in just one day, but this is only a small part compared to its true potential. of the network.
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#bitcoin #ethereum #binance #crypto2023
The organization behind the Sui blockchain - Sui Foundation, said it will establish a new ecosystem development fund with the amount allocated to the fund being 117 million SUI tokens (51 million USD).
Sui Foundation confirms that the above token amount is extracted from Sui's Community Reserve, which is allocated to 50% of the total SUI supply, according to tokenomics.
The new ecosystem development fund will focus on incubating new generation DeFi initiatives and applications on Sui, integrating DeepBook CLOB, AMM, liquid staking and lending order book mechanisms.
Also according to the Sui Foundation, since deploying the mainnet in early May 2023, the Sui blockchain has set a record of processing 65.8 million transactions in just one day, but this is only a small part compared to its true potential. of the network.
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#bitcoin #ethereum #binance #crypto2023