๐ Gem Project Analysis!๐ #Binance Launchpool #Layer-1 Gem Project Sui (SUI) ๐
๐๐ Sui: The Next-Gen Layer 1 Blockchain! Offering high transaction speed at a low cost, Sui stands out with its unique Delegated Proof-of-Stake consensus. #SUI๐
๐๐ Here's a captivating thread to explore the world of Sui๐งต๐
1๏ธโฃ Introduction & Overview: Sui is a decentralized layer 1 blockchain designed for speed and scalability. Its Delegated Proof-of-Stake consensus ensures high transaction speed and low costs.
2๏ธโฃ Technology and Feature: Sui utilizes the Move language and parallel transaction execution, enabling faster transactions than its competitors. It focuses on instant transaction finality, reduced latency, and increased speed, making it ideal for real-time trading and DeFi services.
3๏ธโฃ Whitepaper Analysis: The Sui whitepaper by Mysten Labs, backed by a $300 million Series B funding, details its cutting edge technology and blockchain development.
4๏ธโฃ Use Case: The SUI token facilitates gas fees and staking for validators. It enables low latency, real-time on-chain crypto trading, and other DeFi services.
5๏ธโฃ Team and Leadership: Mysten Labs, led by Evan Cheng, Sam Blackshear, Adeniyi Abiodun, George Danezis, and Kostas Chalkias, brings Sui to life. Their experience from Meta brings a wealth of expertise to the project.
6๏ธโฃ Partnerships: Over 85 projects are listed in the Sui ecosystem, including DeFi, gaming, and NFTs. The partnership with Netmarble promises low-cost usage, efficiency, and security.
7๏ธโฃ Recent Developments: Sui's capital locked has surged to $593 million, a 131% increase, overtaking Aptos, Cardano, and Near.
8๏ธโฃ Tokenomics: SUI has a total supply of 10 billion tokens and circulating supply of 1.30 billion. A portion is liquid at mainnet launch, with the rest vesting over time or distributed as stake rewards.
9๏ธโฃ Exchanges:Binance, OKX, MEXC Global and many more, providing liquidity and accessibility to users.