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What is the issue volume of SUI coins? One article to introduce the application scenarios of SUI coins

The initial issuance of SUI coins totals 10,000,000,000 SUI, supporting the growth and development of the SUI blockchain ecosystem.

Oct 11, 2024 at 02:48 pm

Understanding SUI Coin and Its Issuance

What is SUI Coin?

SUI is a proof-of-stake (PoS) cryptocurrency that underlies the SUI blockchain, a layer-1 blockchain network designed for high throughput and data accessibility.

Issuance Volume of SUI Coins

The initial issuance volume of SUI coins is 10,000,000,000 SUI.

Distribution of SUI Coins

The initial distribution of SUI coins is as follows:

Early investors: 38.25%
Team and advisors: 13.25%
Community and ecosystem: 32.50%
Public sale: 16.00%

Application Scenarios of SUI Coins

SUI coins serve several essential roles within the SUI ecosystem:

Transaction Fees: SUI coins are used to pay for transaction fees on the SUI blockchain.
Staking Rewards: SUI holders can stake their coins to earn rewards for securing the network.
Governance: SUI coins holders can participate in network governance through voting on proposals.
Decentralized Applications: SUI coins can be used to interact with decentralized applications (dApps) built on the SUI blockchain.
Value Store: SUI coins have value as a digital asset and can be held as a store of value.

Conclusion

SUI Coin is the native currency of the SUI blockchain, designed for high-performance transactions and ease of use. Its initial issuance volume of 10 billion SUI provides a foundation for the ecosystem's growth and development. With a range of applications, SUI Coin empowers users to participate in the SUI blockchain economy, from staking and governance to dApp interactions.

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