Subtitle: Salmonation for Indonesia (SUI) Prepares for the Be-One Chain Mainnet Launch Amid Global Market Uncertainty
In the face of an unpredictable crypto market and challenging macroeconomic conditions, Salmonation for Indonesia (SUI) remains steadfast in its mission to develop the Be-One Chain - Indonesia's first high-security, high-performance DeFi blockchain.
Ahead of the mainnet launch, the Salmonation development team has taken several crucial steps to ensure a seamless transition for the Salmonation token ($SUI) from the Binance Smart Chain (BSC) to the Be-One blockchain. With a current market capitalization nearing $1 million, $SUI is set to become a native coin on the Be-One Chain.
Initially launched on Binance Smart Chain (BSC) on March 17, 2022, the $SUI token has seen a promising surge in interest. Its holders have nearly doubled in the past month, signaling strong investor confidence despite lingering market turbulence. As a token with a fair launch approach, $SUI has garnered this support without relying on presale participants.
In response to growing community curiosity about the future of the $SUI token post-mainnet, PT SUI CEO Meidy Salmon has outlined two potential options for the locked 50 percent supply of Salmonation tokens:
Transfer the tokens to the bridge protocol and convert them into Be-One Coin (BOC), subsequently locking the supply in FunDex as liquidity for One Token – a utility token for projects built on the Be-One blockchain.
Burn the SUI tokens and exchange them for native Be-One Chain coins (One Token) that will continue to function as liquidity for the asset's price and market value.
Salmon assures that the latter option eliminates the risk of system leaks, which have been known to occur within bridge protocols.
As the mainnet launch approaches, Salmonation's focus also shifts towards forging strategic partnerships, particularly with venture capital firms interested in investing in blockchain technology. These investments will not involve coins but will be centered on technological advancements.
Post-mainnet, Salmonation will explore listing the digital asset on centralized exchanges (CEX), though it is not a top priority during the initial mainnet phase. With their commitment to innovation and strong community support, the future of the $SUI token and the Be-One Chain looks promising.
