One coin a day💪💪💪
🔥SUI--Who is the representative of the new public chain that triples in 2 months?
🚀🚀🚀
The SUI I recommended in the community on November 9th (see the screenshot below) was priced at 0.5 at the time and is now 16.6, which has tripled in about 3 months. As a representative of the new public chain, I will once again sort out the basics of SUI. The situation is easy for everyone to judge the later trend.
🚀
1. Technical background
Sui is a new public chain of DPoS consensus layer 1 using MOVE language. Move is a bytecode language used to design custom transactions and smart contracts. Sui classifies attributes into the following objects: shared objects, owned objects, and read-only objects. Classifying these assets into different domains can reduce processing and transaction time, and provide scalability for NFT, game products, etc. This is also the main foundation of Sui in the NFT/game industry. Sui's TPS theoretical value reaches 120,000+. Infinite expansion enables developers to build experiences that meet the next billion users in Web3, and the technical direction is relatively cutting-edge.
🚀
Second team
Sui's founder Evan, chief product officer Adeniyi Abiodun, CTOSam Blackshear and other core teams all came from meta (Facebook). Adeniyi led many of Meta's R&D plans in the field of blockchain and cryptocurrency at that time, and the team strength and background are quite strong. Deep foundation.
🚀
three institutions
Behind Sui stands a number of top investment institutions, including a16z, Binance Labs, Jump, Coinbase Ventures, Big Brain Holdings, etc., as well as the explosive FTX, which is also an expected beneficiary of the FTT restart, having completed US$300 million as early as 22 years ago Series B, the valuation at that time reached 2 billion, which can be said to be rich and generous, giving enough room for technology research and development and ecological development.
🚀
Four Ecology
The sui public chain covers more than 100 ecological partners such as DEFI, NFT, GameFI, etc., and has invested in more than 10 ecological projects. The current total TVL value of US$600 million ranks third among non-EVM chains, and the growth rate is much higher. As for other projects, the growth of projects within the ecosystem is good, and it is a thriving positive ecosystem. Among them, Cetus would like to say separately that this project was not very kind. It started several rounds of short orders before November 16th, and then continued to hit the market in half on November 18th and 19th, which had a large negative impact on SUI at that time. The SUI Foundation continues to hold hackathons and developer events around the world, and the community is currently relatively active.
🚀
Five Token Economy
The issuance volume is 10 billion. The current circulation rate is 11.6%, which is relatively low. The IEO price is US$0.1 each. SUI token nodes can obtain token incentives by pledging them. A total of 1 billion tokens are used for node staking incentives. The pressure is unlocked in the first year. It is relatively large, so it faced price pressure for a long time after it went online. After the first large-scale unlocking and one-time release last year, the price achieved a breakthrough. The token model has a certain inflation, which is not its advantage. The total unlocking will be in 2030. The unlocking is completed, but its foundation has left a hole to change the plan according to actual conditions.
🔥
Operation suggestions
The Sui team is a relatively solid technical team. In the early stage, it focused on technological development and ecological construction, and has been relatively steady. The current circulating market value is 2 billion, and the total market value is 17.2 billion, which is not low. Fortunately, the unlocking cycle is relatively long. After this wave of rise, we must expect the continuous emergence of ecological projects to maintain the stable rise of currency prices. It is a value coin with good fundamentals and can be used as a currency library in the bull market.
🔥🔥🔥
Pay attention to Buck's bull market and not get lost, and continue to give you objective value analysis.
wei:Buck888001 welcome to communicate
