$SUI coin Sui Coin is an ERC20 utility token that was designed to be used primarily in the travel and tourism industry. Sui Coin works as a digital currency for hotels, restaurants, and tour operators in order to facilitate settlements using a simple smartphone app wallet. Token Metrics: • Block time: 15 seconds • Total supply: 3,000,000,000 SUI • Circulating supply: 400,000,000 SUI • ICO price: $0.02 USD per SUI Use Case Breakdown: There are over ten use cases listed in the whitepaper that the developers plan to target within the travel and tourism industry. Research by our team on active partnerships hasn’t yielded any results. Team: There are four founding members listed on their website with two also appearing on their whitepaper. I wasn’t able to find LinkedIn profiles for anyone or any associated GitHub pages. • Jason Anderson – CEO and co-founder of Sui Coin Inc. Lead generation analyst-Imani intelligence USA (December 2015 – August 2016). • Sam Fratantoni– COO and co-founder of IdiNium Group Ltd. Managing director-Legal compliance-Nitinat SA (March 2015 – Present). Attorney at law-Pjaceta & associates (September 2009- March2010). Roadmap: Their roadmap shows them becoming fully operational by February of this year along with initial exchange listings happening between January-March. Social Media Presence: Twitter followers -3332. Telegram group-567 members. Facebook page likes-2958. Whitepaper Quality: I found it difficult to locate information despite many bold claims made throughout such as listing advisors under table ‘1’. Website Quality/SEO ranking: The design of their website appears professional but it has a low SEO ranking which could be due in part because the site appears unfinished since under their partnerships page they literally wrote “partnership information coming soon.” Estimate of how long it would take to implement a similar blockchain product: There are already many blockchain projects that could accomplish almost the same thing as this one so I think it is just a matter of partnering with or getting in early enough on relevant projects that can start processing payments. Concluding Opinion: No information was found that made me reconsider my previous assumptions on this token. Sui Coin is a native token of Sui blockchain developed by Mysten Labs with the focus on scalability, speed and low latency. It adopts Move programming language and object-centric data model to achieve an efficient transaction process. Key Features: Scalability: Transactions are processed in parallel which improves the throughput. Low Latency: The transaction finality is less than a second. Smart contracts move value. 1. Transaction Fees: Paid in Sui for network usage. 2. Staking and Governance: Rewards for staking and voting on proposals. 3. Powering dApps: Supports DeFi, gaming and NFTs. Innovative architecture. Experienced team. The growing ecosystem of open-source tools that have the potential for mass adoption.
Challenges: Intense competition (e.g., Ethereum, Solana). Regulatory risks and adoption hurdles. Investment Outlook: Sui Coin looks promising given its unique technology and evolving ecosystem. But, like every other cryptocurrency, it is full of risks. Investors should keep a note of the ecosystem growth, partnerships and market trends before investing. #BTCNextMove #MarketPullback #BinanceAlphaAlert #USJoblessClaimsFall #ElSalvadorBTCReserve
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