According to PANews, Sui ecosystem domain service SuiNS has announced its restructuring into a decentralized protocol, allowing users to govern through the NS token.

The distribution of the NS token is as follows: 57% will be allocated to the treasury to fund additional features, support, and maintenance of the SuiNS platform; 28% will be distributed to core contributors and early supporters; 10% will be allocated to community members interacting with the SuiNS protocol; and the remaining 5% will be reserved for future users who actively participate in SuiNS governance.