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SUI

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/

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Overview

Project industryBlockchain Infrastructure
Product typeCryptocurrency
FoundedUnited States

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.

Details

Token supply: 10,000,000,000 SUI
Raised: 36,000,000 USD

Legal

Registration country: United States
Registration year: 2021
Office address: 379 University Ave, #200 Palo Alto, CA 94301

Token info

Ticker: SUI
Type: Utility-token

Project team

Evan Cheng
Evan Cheng
Co-Founder, CEO
Evan Cheng linkedin
Adeniyi Abiodun
Adeniyi Abiodun
Co-Founder, CPO
Adeniyi Abiodun linkedin
Sam Blackshear
Sam Blackshear
Co-Founder, CTO
Sam Blackshear linkedin
George Danezis
George Danezis
Co-Founder, Chief Scientist
George Danezis linkedin
Kostas Chalkias
Kostas Chalkias
Co-Founder, Chief Cryptographer
Kostas Chalkias linkedin
Koh Kim
Koh Kim
Head of Ecosystem
Koh Kim linkedin
Todd Fiala
Todd Fiala
Head of Engineering
Todd Fiala linkedin
Ally Medina
Ally Medina
Head of Operations
Ally Medina linkedin
Adam Welc
Adam Welc
Software Engineer
Adam Welc linkedin
Ade A
Ade A
Software Engineer
Ade A linkedin
Alberto Sonnino
Alberto Sonnino
Research Scientist
Alberto Sonnino linkedin
Alonso de Gortari
Alonso de Gortari
Product Manager
Alonso de Gortari linkedin
Andrew Burnie
Andrew Burnie
Software Engineer
Andrew Burnie linkedin
Arun Koshy
Arun Koshy
Software Engineer
Arun Koshy linkedin
Bauer Wann
Bauer Wann
Product Manager
Bauer Wann linkedin
Ben Holcomb
Ben Holcomb
Product Manager
Brandon Williams
Brandon Williams
Software Engineer
Chris Li
Chris Li
Software Engineer
Chris Li linkedin
Clay Murphy
Clay Murphy
Technical Writer
Clay Murphy linkedin
Damir Shamanaev
Damir Shamanaev
Software Engineer
Damir Shamanaev linkedin
Evan Chan
Evan Chan
Software Engineer
Evan Chan linkedin
François Garillot
François Garillot
Software Engineer
François Garillot linkedin
Godwin Jibs
Godwin Jibs
Software Engineer
Godwin Jibs linkedin
Jennifer Kye
Jennifer Kye
Head of Social
Jennifer Kye linkedin
Kyle Qian
Kyle Qian
Developer Relations
Kyle Qian linkedin
Laura Makdah
Laura Makdah
Software Engineer
Laura Makdah linkedin
Lefteris Kokoris Kogias
Lefteris Kokoris Kogias
Research Advisor
Lefteris Kokoris Kogias linkedin
Patrick Kuo
Patrick Kuo
Software Engineer
Patrick Kuo linkedin
Pavlos Chrysochoidis
Pavlos Chrysochoidis
Software Engineer
Pavlos Chrysochoidis linkedin
Rob Fullen
Rob Fullen
Executive Assistant
Rob Fullen linkedin
Sean Asir
Sean Asir
Head of Recruiting
Sean Asir linkedin
Stella Cannefax
Stella Cannefax
Software Engineer
Stella Cannefax linkedin
Tasos Kichidis
Tasos Kichidis
Software Engineer
Tasos Kichidis linkedin
Todd Nowacki
Todd Nowacki
Software Engineer
Xun Li
Xun Li
Software Engineer
Xun Li linkedin

Social media

SUI web-siteSUI MediumSUIYouTubeSUI LinkedInSUI TwitterSUI DiscordSUI Github

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