Sui (SUI), is a DPoS layer 1 blockchain based on move programming language project that’s creating a highly scalable and efficient platform for smart contracts. The Sui platform is being developed by Mysten Labs, a company led by co-founder and CEO Evan Cheng.
The Sui blockchain has demonstrated the ability to process 120,000 transactions per second.
Sui has a total token supply of 10 billion SUI, with 0.4% of total token supply available as launchpool token rewards.
The Sui project has partnered with major crypto exchanges for their token sale,
Usage Of (SUI) Token:
The Sui blockchain’s native token is called SUI. There’s quite a few different SUI token use cases:
SUI is used to pay gas fees for transaction
SUI is used for staking and compensating validators for securing the network
SUI is used to fund Sui’s storage fund
SUI is used in Sui Network’s governance process
Approximate Price Of (SUI) Token:
The price of SUI during the token sale varies according to the type of sale.
The SUI price is $0.03 in the Recognition Sale and $0.10 in the General Sale.
Farming SUI By Staking BNB and TUSD🔥on Binance Launchpool!
Initial Circulating Supply: 528,273,717 (5.28% of the total token supply)
- Stake BNB: 32,000,000 SUI in rewards (80%)
- Stake TUSD: 8,000,000 SUI in rewards (20%)
Once the liquidity requirement is met, Binance will list SUI and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. And the best part is, users will enjoy zero maker fees on the SUI/TUSD trading pair until further notice.
(Informations are based on different articles on Google)
