-
Bitcoin
$89,647.44
0.21% -
Ethereum
$3,029.42
-3.43% -
Tether USDt
$1.00
-0.04% -
Solana
$209.73
-2.87% -
BNB
$610.44
-4.01% -
Dogecoin
$0.3575
-9.91% -
XRP
$0.8744
13.61% -
USDC
$0.9998
-0.02% -
Cardano
$0.6691
19.17% -
TRON
$0.1885
5.24% -
Shiba Inu
$0.0...02376
-5.66% -
Toncoin
$5.33
0.27% -
Avalanche
$32.06
-1.13% -
Sui
$3.28
-3.13% -
Pepe
$0.0...02176
-4.67% -
Chainlink
$13.32
0.07% -
Bitcoin Cash
$421.66
-1.49% -
Polkadot
$5.01
1.82% -
UNUS SED LEO
$7.46
0.32% -
NEAR Protocol
$5.33
-2.43% -
Litecoin
$82.12
-1.26% -
Aptos
$11.51
-0.63% -
Dai
$0.9999
0.01% -
Uniswap
$8.21
-2.15% -
Cronos
$0.1605
2.22% -
Stellar
$0.1343
2.07% -
Internet Computer
$8.27
0.46% -
dogwifhat
$3.70
-7.23% -
Bittensor
$498.53
-1.66% -
Render
$6.60
-7.20%
What is SUSHI coin? What does SUSHI coin mean?
SushiSwap's SUSHI coin, the native token of the Ethereum-based DEX, serves as a governance and utility token, facilitating voting rights, reward distribution, staking, and reduced trading fees for SUSHI holders.
Oct 09, 2024 at 09:54 am
Understanding SUSHI Coin
1. What is SUSHI Coin?
SUSHI coin is the native token of SushiSwap, a decentralized cryptocurrency exchange (DEX) built on the Ethereum blockchain. It serves as both a governance and utility token within the platform.
2. What Does SUSHI Coin Mean?
The name "SUSHI" references the Japanese dish of the same name, symbolizing the role of SushiSwap as a decentralized "culinary experience" for trading cryptocurrencies.
3. Functions of SUSHI Coin
Within the SushiSwap ecosystem, SUSHI coin has the following functions:
- Governance: SUSHI holders have the right to vote on proposals and changes to the SushiSwap protocol.
- Reward: SUSHI coins are distributed as rewards to liquidity providers, who make their crypto assets available for trading on the platform.
- Staking: Users can stake their SUSHI coins to earn additional SUSHI through SushiSwap's xSushi reward system.
- Transaction Fees: SUSHI coins can be used to pay for trading fees on SushiSwap, albeit with a reduced rate compared to non-SUSHI users.
4. SUSHI Coin Tokenomics
- Token Symbol: SUSHI
- Blockchain: Ethereum
- Token Supply: 250 million SUSHI
Distribution:
- 100 million (40%) to liquidity providers
- 100 million (40%) to SushiSwap foundation and team
- 25 million (10%) to early contributors
- 25 million (10%) reserved for the community
5. Conclusion
SUSHI coin is an integral part of the SushiSwap ecosystem, enabling users to participate in governance, earn rewards, and interact with the platform in a decentralized manner. Its utility and tokenomics position it as a significant player in the growing decentralized finance (DeFi) market.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
Litecoin Rebrands as a Meme Coin to Cash In on Bitcoin's Bull Run
- 2024-11-16 02:25:01
-
Solana, Tron, and BlockDAG Notably Impact the Crypto Sphere as 2024 Concludes
- 2024-11-16 02:25:01
-
dYdX Community Approves Proposal to Implement Revenue-Sharing Mechanism
- 2024-11-16 02:25:01
-
The Bitfinex Bitcoin Heist: A Cybersecurity Saga That Transformed the Crypto World
- 2024-11-16 02:25:01
-
Cutoshi Gears Up To Introduce Its Multichain DEX
- 2024-11-16 02:15:02
-
Bitcoin (BTC) Price Target Set at $180,000 by VanEck, Market Still in Its Early Phases
- 2024-11-16 02:25:01
Related knowledge
What is the investment prospect of INJ coins
Nov 12,2024 at 04:16pm
What is the Investment Prospect of INJ Coins?Introduction to INJ CoinsINJ coins are the native utility tokens of the Injective Protocol, a decentralized derivatives exchange platform built on the Cosmos blockchain. The Injective Protocol aims to provide a fast, secure, and scalable platform for trading derivatives, spot markets, and futures contracts. I...
Does INJ coin have a ten-thousand-fold potential
Nov 13,2024 at 01:26pm
Does INJ Coin Have a Ten-Thousand-Fold Potential?Determining the potential for astronomical growth, such as ten-fold expansions, involves evaluating a cryptocurrency's underlying fundamentals, market dynamics, and long-term prospects. In the case of INJ coin, an in-depth analysis of these factors reveals a path towards significant appreciation.Understan...
Does INJ coin have a thousandfold potential
Nov 11,2024 at 05:58pm
INJ Coin and Its Thousandfold PotentialIntroductionInjective Protocol (INJ) is a decentralized exchange (DEX) platform that enables trustless peer-to-peer trading of cryptocurrencies and derivatives. The platform is powered by its native token, INJ, which is used for governance, staking, and paying transaction fees. In recent years, INJ coin has gained ...
Does INJ coin have a hundredfold potential
Nov 13,2024 at 04:28pm
Does INJ Coin Have a Hundredfold Potential?In the realm of decentralized finance (DeFi), INJ coin stands out as a promising project with innovative features and significant growth potential. Its mission to revolutionize insurance industry through blockchain technology has garnered considerable attention from investors and industry experts alike. However...
What is the highest price of INJ coins in history
Nov 12,2024 at 03:04pm
What is the Highest Price of INJ Coins in History?INJ, the native token of the Injective Protocol, a decentralized exchange (DEX) built on the Cosmos blockchain, has experienced significant price fluctuations since its launch in 2021. While the cryptocurrency market is known for its volatility, INJ has consistently demonstrated strong performance, attra...
What wallet is good for INJ coins
Nov 14,2024 at 09:02pm
What Wallets Are Compatible with INJ Coins (INJ)?INJ coins, the native cryptocurrency of the Injective Protocol, are supported by several reputable wallets. Each wallet offers distinct features and advantages, catering to diverse user needs. Here's a comprehensive guide to the wallets compatible with INJ coins:1. Injective WalletOfficial wallet develope...
What is the investment prospect of INJ coins
Nov 12,2024 at 04:16pm
What is the Investment Prospect of INJ Coins?Introduction to INJ CoinsINJ coins are the native utility tokens of the Injective Protocol, a decentralized derivatives exchange platform built on the Cosmos blockchain. The Injective Protocol aims to provide a fast, secure, and scalable platform for trading derivatives, spot markets, and futures contracts. I...
Does INJ coin have a ten-thousand-fold potential
Nov 13,2024 at 01:26pm
Does INJ Coin Have a Ten-Thousand-Fold Potential?Determining the potential for astronomical growth, such as ten-fold expansions, involves evaluating a cryptocurrency's underlying fundamentals, market dynamics, and long-term prospects. In the case of INJ coin, an in-depth analysis of these factors reveals a path towards significant appreciation.Understan...
Does INJ coin have a thousandfold potential
Nov 11,2024 at 05:58pm
INJ Coin and Its Thousandfold PotentialIntroductionInjective Protocol (INJ) is a decentralized exchange (DEX) platform that enables trustless peer-to-peer trading of cryptocurrencies and derivatives. The platform is powered by its native token, INJ, which is used for governance, staking, and paying transaction fees. In recent years, INJ coin has gained ...
Does INJ coin have a hundredfold potential
Nov 13,2024 at 04:28pm
Does INJ Coin Have a Hundredfold Potential?In the realm of decentralized finance (DeFi), INJ coin stands out as a promising project with innovative features and significant growth potential. Its mission to revolutionize insurance industry through blockchain technology has garnered considerable attention from investors and industry experts alike. However...
What is the highest price of INJ coins in history
Nov 12,2024 at 03:04pm
What is the Highest Price of INJ Coins in History?INJ, the native token of the Injective Protocol, a decentralized exchange (DEX) built on the Cosmos blockchain, has experienced significant price fluctuations since its launch in 2021. While the cryptocurrency market is known for its volatility, INJ has consistently demonstrated strong performance, attra...
What wallet is good for INJ coins
Nov 14,2024 at 09:02pm
What Wallets Are Compatible with INJ Coins (INJ)?INJ coins, the native cryptocurrency of the Injective Protocol, are supported by several reputable wallets. Each wallet offers distinct features and advantages, catering to diverse user needs. Here's a comprehensive guide to the wallets compatible with INJ coins:1. Injective WalletOfficial wallet develope...
See all articles
