![]() | SUIIEO Sui is the first permissionless Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that cater to the next billion users in web3. Funding Series A $36 Million Announcing Sui Incentivized Testnet: https://sui.io/resources-sui/announcing-sui-incentivized-testnet/ Funding Series B $300 Million IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
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Overview
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What is SUI
Sui is a smart contract platform maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems.Sui offers scalability and unprecedented low-latency for simple use cases. Sui makes the vast majority of transactions processable in parallel, which makes better use of processing resources, and offers the option to increase throughput with more resources. Sui forgoes consensus to instead use simpler and lower-latency primitives for simple use cases, such as payment transactions and assets transfer. This is unprecedented in the blockchain world and enables a number of new latency-sensitive distributed applications, ranging from gaming to retail payment at physical points of sale.
Sui is written in Rust and supports smart contracts written in the Move programming language to define assets that may have an owner. Move programs define operations on these assets including custom rules for their creation, the transfer of these assets to new owners, and operations that mutate assets.
Sui has a native token called SUI, with a fixed supply. The SUI token is used to pay for gas, and is also used as delegated stake on validators within an epoch. The voting power of validators within this epoch is a function of this delegated stake. Validators are periodically reconfigured according to the stake delegated to them. In any epoch the set of validators is Byzantine fault tolerant. At the end of the epoch, fees collected through all transactions processed are distributed to validators according to their contribution to the operation of the system. Validators can in turn share some of the fees as rewards to users that delegated stake to them.
Sui is backed by a number of state-of-the-art peer-reviewed works and years of open source development.
DetailsIEO (Kucoin Launchpad (Allowlist)): Apr 21, 2023 - May 02, 2023IEO (Kucoin Launchpad (General Public Sale)): Apr 15, 2023 - May 02, 2023 IEO (Binance Launchpool): May 01, 2023 - May 02, 2023 IEO (OKX Launchpad (Recognition sale)): Apr 23, 2023 - May 03, 2023 IEO (ByBit Launchpad): Apr 14, 2023 - May 03, 2023 IEO (OKX Launchpad (General sale)): Apr 19, 2023 - Apr 24, 2023 Token supply: 10,000,000,000 SUI Raised: 336,000,000 USD LegalRegistration country: United StatesRegistration year: 2021 Office address: 379 University Ave, #200 Palo Alto, CA 94301 | Token infoTicker: SUIType: Utility-token Token distribution: Early Contributors - 20% Investors - 14% Mysten Labs Treasury - 10% Community Access Program and App Testers - 6% Community Reserve - 50% |
Project team
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Evan Cheng
Co-Founder, CEO
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Adeniyi Abiodun
Co-Founder, CPO
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Sam Blackshear
Co-Founder, CTO
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George Danezis
Co-Founder, Chief Scientist
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Kostas Chalkias
Co-Founder, Chief Cryptographer
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Koh Kim
Head of Ecosystem
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Todd Fiala
Head of Engineering
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Ally Medina
Head of Operations
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Adam Welc
Software Engineer
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Ade A
Software Engineer
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Alberto Sonnino
Research Scientist
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Alonso de Gortari
Product Manager
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Andrew Burnie
Software Engineer
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Arun Koshy
Software Engineer
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Bauer Wann
Product Manager
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Ben Holcomb
Product Manager
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Brandon Williams
Software Engineer
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Chris Li
Software Engineer
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Clay Murphy
Technical Writer
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Damir Shamanaev
Software Engineer
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Evan Chan
Software Engineer
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François Garillot
Software Engineer
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Godwin Jibs
Software Engineer
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Jennifer Kye
Head of Social
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Kyle Qian
Developer Relations
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Laura Makdah
Software Engineer
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Lefteris Kokoris Kogias
Research Advisor
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Patrick Kuo
Software Engineer
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Pavlos Chrysochoidis
Software Engineer
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Rob Fullen
Executive Assistant
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Sean Asir
Head of Recruiting
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Stella Cannefax
Software Engineer
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Tasos Kichidis
Software Engineer
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Todd Nowacki
Software Engineer
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Xun Li
Software Engineer