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1. Token Overview
Token Name: SUI
Symbol: $SUI
Blockchain: SUI Ecosystem
Website: (https://sui.io/)
Whitepaper: (https://github.com/MystenLabs/sui/blob/main/doc/paper/tokenomics.pdf)
Market Cap: $2.19B
Current Price: $0.84
2. Tokenomics
Total Supply: 10,000,000,000 SUI
Circulating Supply: 2,600,000,000 SUI
Dominance: 0.11% (Ratio of SUI's market cap to the overall crypto market cap)
Distribution
50% Community Reserve (including Delegation Program, Grant Programs, Research & Development, Validator Subsidies)
20% Early Contributors
14% Investors
10% Mysten Labs Treasury
6% Community Access Program and App Testers
Staking Rewards
SUI offers an APY of 3.25%
3. Use Case and Utility
Primary Use Case: SUI enables seamless on-chain asset management, adapting to users' evolving needs. With simple login using web credentials, SUI can be utilized for on-chain applications like gaming, finance, and other real-time services.
Utility within Ecosystem: SUI serves as the backbone for various decentralized applications, providing secure and efficient transactions.
Competitors/Alternatives: Solana and Ethereum may be considered as competitive alternatives.
4. Community and Social Media Presence
Official Twitter: [SuiFoundation](https://x.com/SuiFoundation)
Medium/Blog: [Sui Blog](https://blog.sui.io/)
Community Engagement: The SUI community is active, particularly through initiatives like #SuiPlay0X1. Telegram and Discord groups were not identified.
5. Roadmap and Development Progress
Key Milestones Achieved:
Achieved peaks of over 5,000 TPS (transactions per second) in its first year. By December 2023, SUI hosted 9,000,000 active accounts, with 3,100,000 active in the last 30 days as of August 27, 2024.Surpassed 2.14 billion transactions in 2024, outperforming major blockchains like Ethereum, Tron, and Polygon.
Upcoming Milestones
Development Team Activity:
For the latest updates, users can subscribe to the developer newsletter. The most recent edition (August 15, 2024) introduced Walrus, a new decentralized storage protocol built on SUI.
Core Team Members:
Evan Cheng - Co-Founder, CEO
Sam Blackshear - Co-Founder, CTO
Adeniyi Abiodun - Co-Founder, CPO
George Danezis - Co-Founder, Chief Scientist
Kostas Kryptos - Co-Founder, Chief Cryptographer
Sina Nader - Head of Strategy
Gregorios Siourounis - Managing Director
7. Partnerships and Collaborations
Major Partnerships:
Oracle Red Bull Racing: "Powered by the world’s fastest blockchain."
Partnerships and Impact
SUI engages in university partnerships and funding, notably with London Business School and American University of Sharjah.
Funding projects include Hybrid Blockchain Games, Adaptively-Secure Asynchronous DAG-based Consensus, and Developing a Scalable and Decentralized Shared Sequencing Layer.
8. Security and Audits
Security Audits
Audits are available on the [SUI Foundation's official GitHub](https://github.com/sui-foundation).
Recent Audits:
August 23, 2024: Deepbook v3 - OtterSec
October 11, 2023: SUI Wallet - Critical Section
Security History:
2023: The SUI ecosystem has 46.7% of its components protected by audits or bug bounties, while 53.3% remain unprotected.
9. Market Performance and Trading Volume
Historical Price Performance:
July 26, 2024: Average price was $0.82.
August 26, 2024: Average price was $0.99.
Daily Trading Volume:
SUI has averaged $1M in daily trading volume over the past week.
Exchanges Listed On:
Binance, Coinbase, Gate.io, ByBit, OKX, Kraken, CoinEx, BitGet, Crypto.com, Bitmex.
Volume Heatmap (7 Days):
- Binance: $427M
- Coinbase: $120M
- OKX: $100M
- Bybit: $69M
(Source: coinglass.com)
10. Risks and Concerns
Market Risks:
SUI is relatively stable with a current volatility of 0.93, calculated using the 24-hour volume/liquidity ratio.
Team or Execution Risks:
The SUI team comprises respected professionals with strong backgrounds in blockchain technology, cryptography, and product development. There are no known controversies or issues publicly associated with them.
1. Token Overview
Token Name: SUI
Symbol: $SUI
Blockchain: SUI Ecosystem
Website: (https://sui.io/)
Whitepaper: (https://github.com/MystenLabs/sui/blob/main/doc/paper/tokenomics.pdf)
Market Cap: $2.19B
Current Price: $0.84
2. Tokenomics
Total Supply: 10,000,000,000 SUI
Circulating Supply: 2,600,000,000 SUI
Dominance: 0.11% (Ratio of SUI's market cap to the overall crypto market cap)
Distribution
50% Community Reserve (including Delegation Program, Grant Programs, Research & Development, Validator Subsidies)
20% Early Contributors
14% Investors
10% Mysten Labs Treasury
6% Community Access Program and App Testers
Staking Rewards
SUI offers an APY of 3.25%
3. Use Case and Utility
Primary Use Case: SUI enables seamless on-chain asset management, adapting to users' evolving needs. With simple login using web credentials, SUI can be utilized for on-chain applications like gaming, finance, and other real-time services.
Utility within Ecosystem: SUI serves as the backbone for various decentralized applications, providing secure and efficient transactions.
Competitors/Alternatives: Solana and Ethereum may be considered as competitive alternatives.
4. Community and Social Media Presence
Official Twitter: [SuiFoundation](https://x.com/SuiFoundation)
Medium/Blog: [Sui Blog](https://blog.sui.io/)
Community Engagement: The SUI community is active, particularly through initiatives like #SuiPlay0X1. Telegram and Discord groups were not identified.
5. Roadmap and Development Progress
Key Milestones Achieved:
Achieved peaks of over 5,000 TPS (transactions per second) in its first year. By December 2023, SUI hosted 9,000,000 active accounts, with 3,100,000 active in the last 30 days as of August 27, 2024.Surpassed 2.14 billion transactions in 2024, outperforming major blockchains like Ethereum, Tron, and Polygon.
Upcoming Milestones
Development Team Activity:
For the latest updates, users can subscribe to the developer newsletter. The most recent edition (August 15, 2024) introduced Walrus, a new decentralized storage protocol built on SUI.
Core Team Members:
Evan Cheng - Co-Founder, CEO
Sam Blackshear - Co-Founder, CTO
Adeniyi Abiodun - Co-Founder, CPO
George Danezis - Co-Founder, Chief Scientist
Kostas Kryptos - Co-Founder, Chief Cryptographer
Sina Nader - Head of Strategy
Gregorios Siourounis - Managing Director
7. Partnerships and Collaborations
Major Partnerships:
Oracle Red Bull Racing: "Powered by the world’s fastest blockchain."
Partnerships and Impact
SUI engages in university partnerships and funding, notably with London Business School and American University of Sharjah.
Funding projects include Hybrid Blockchain Games, Adaptively-Secure Asynchronous DAG-based Consensus, and Developing a Scalable and Decentralized Shared Sequencing Layer.
8. Security and Audits
Security Audits
Audits are available on the [SUI Foundation's official GitHub](https://github.com/sui-foundation).
Recent Audits:
August 23, 2024: Deepbook v3 - OtterSec
October 11, 2023: SUI Wallet - Critical Section
Security History:
2023: The SUI ecosystem has 46.7% of its components protected by audits or bug bounties, while 53.3% remain unprotected.
9. Market Performance and Trading Volume
Historical Price Performance:
July 26, 2024: Average price was $0.82.
August 26, 2024: Average price was $0.99.
Daily Trading Volume:
SUI has averaged $1M in daily trading volume over the past week.
Exchanges Listed On:
Binance, Coinbase, Gate.io, ByBit, OKX, Kraken, CoinEx, BitGet, Crypto.com, Bitmex.
Volume Heatmap (7 Days):
- Binance: $427M
- Coinbase: $120M
- OKX: $100M
- Bybit: $69M
(Source: coinglass.com)
10. Risks and Concerns
Market Risks:
SUI is relatively stable with a current volatility of 0.93, calculated using the 24-hour volume/liquidity ratio.
Team or Execution Risks:
The SUI team comprises respected professionals with strong backgrounds in blockchain technology, cryptography, and product development. There are no known controversies or issues publicly associated with them.
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