The Tie Research
Move With Sui
By Gustavo Lobo
April 28, 2023
- Evan Chang, CEO
- Sam Blackshear, CTO
- Adeniyi Abiodun, COO
- George Danezis, Chief Scientist
- SUI can be staked within an epoch in order to participate in the proof-of-stake mechanism.
- SUI is the asset denomination used to pay for the gas fees required to execute and store transactions or other operations on the Sui platform (similar to other native blockchain tokens). In addition, gas fees are used to reward participants in the proof-of-stake mechanism, and prevent spam and denial-of-service attacks.
- SUI can be used as a liquid asset for a variety of smart contract and monetary policy applications.
- SUI will also be used for governance for on-chain voting on critical matters such as protocol upgrades and other functions.
- The total supply of SUI is capped at 10,000,000,000 (i.e., ten billion tokens). A share of SUI’s total supply will be liquid at mainnet launch.
- The remaining tokens vesting over the coming years will be distributed as future stake reward subsidies. The exact allocation percentages for the distribution have yet to be released. However, it’s been mentioned in Sui’s discord that this information will be published within the next few weeks.
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