Unlocking the freedom to build powerful on-chain assets

Deadline Has Passed

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.

SUI Launch Program

CoinList will be listing SUI, the native token of the Sui Blockchain, on Day 1 of the Sui launch. As part of the SUI Launch Program, CoinList will be offering 48 hours of free trading on all SUI pairs on CoinList Pro and 1 month of fee-free staking to all CoinList users who register for the launch.

All CoinList users able to trade and stake SUI on our platform are eligible to register for the SUI launch program. SUI trading and staking is prohibited for residents in the U.S., Canada, and other unsupported jurisdictions.

Registration for the SUI Launch Program ends May 1, 2023 23:59 UTC.


For more information on the SUI Launch Program, please visit our FAQ section here.

Key Highlights


  • Unparalleled scalability with real time settlement: The Sui Network is lightning fast and is able to provide real time settlement with 120k transactions per second (TPS)* For reference, traditional payment rails like Visa are only able to achieve up to 24k TPS. This is enabled by Sui’s primary innovation in organizing data into independent objects - meaning that independent transactions, like simple asset transfers, can now be processed at the same time.
  • Dynamic NFTs that unlock new user experiences: Thanks to the way Sui is built, on-chain data storage is highly scalable and composable. This unlocks new use cases - allowing developers to create dynamic NFTs with programmable on-chain attributes that can be upgraded over time. For example, NFT avatars can now be dynamic and change based on on-chain events or achievements. This step-function increase in NFT functionality opens up new possibilities for the Web3 user experience across gaming, commerce, and social.
  • A safe smart contract language accessible to mainstream developers: Sui Move is an iteration of the Move programming language - which was initially developed at Meta for writing safe smart contracts. Sui Move has unique built-in features for securely handling digital assets. This provides blockchain developers with native tools to create high performing, secure, and complex applications. This emphasis on safety and expressivity makes it easier for developers to transition from Web2 to Web3 and realize the full potential of web3 applications.

*Transaction speed based on an non-optimized single-worker Sui validator running on an 8-core M1 Macbook Pro

Example Use Cases

Gaming

Sui’s high TPS and low cost on-chain data storage unlocks new possibilities for in-game NFTs. For example, users can not only import their NFTs into a game, but also upgrade them into new, usable assets as part of the gameplay. An example of a gaming project utilizing this capability is PanzerDogs and their customizable Panzerdog Tank NFTs. Want to upgrade your in-game capability without buying a new NFT? Just trade for new parts and upgrade!

Social

Social networks built on Sui can be designed without scalability limitations - with every media, post, and interaction owned by their creator and verifiable by users. For example, SoWork is a Social project that uses Sui to deliver fast, cost-effective minting of dynamic NFTs. SoWork’s Employee Achievement NFTs feature allows their workplace customers to reward their employees in a fun, engaging manner via dynamic NFTs based on customizable criteria.

Tokenomics

Token Utility

Sui Token provides various core utilities across the SUI ecosystem:

  1. Gas Fees: Used to pay computation fees, aka gas fees.
  2. Storage Fund: Used to compensate validators for storing on-chain object-related data.
  3. PoS Staking Rewards: Staking rewards are distributed to participants of the proof-of-stake mechanism to incentivize and reward validators for honest behavior and securing the chain.
  4. Governance: Used to govern chain parameters and protocol upgrades.



Token Supply and Distribution

SUI will have a total supply of 10,000,000,000 tokens with over 50% of tokens initially managed by the Sui Foundation and to be distributed to Sui’s network participants - including developers, researchers, and validators. The tokens will also be allocated to support the following initiatives:

  • The Developer Grant Program - used to incentivize development and award early builders and projects on Sui.
  • The Delegation Program - which will provide tokens to validators and help meet the staking requirements for operating on the network.

The remaining 50% of SUI tokens is allocated to various early contributors and supporters of the network.