I'm cryptollc by name and I write about crypto, Blockchain and Defi which quite a number of persons have really come to an understanding that it can actually be adopted.
I would like to iterate that nothing included in this article is meant to be a financial advise and you should do a proper research before getting into anything crypto/finance related.
Crypto in general which has paved way for Defi has come to stay and as such, created unlimited possibilities by letting protocols such as Sui Name Service (SNS) to take the front wheel and let people such as it's communities to have a stake and equally have a stake in the matters of it's affairs. And what other way to complement decentralization that letting it's users to have a voice.
Sui Name Service and the company behind it StorkLabs LLC. And you may be wondering!!
What is StorkLabs?
StorkLabs LLC is a company bridging the gap between web2 and web3 through traditional industries. And their main philosophy is that on-chain projects make up the whole project and as such, make the blockchains excellence reach the mass adoption, but this can only be done if good projects are present and we all know that.
Good project you say? Yes and this is where SNS comes
And have sought out ideal ways to build consumer-facing software products on Sui. The software’s focus is SAAS-based, excellent UI/UX, themes, and DAO-ownership. And its goal is for every project to be owned via a DAO and more importantly, the people that support it.
In SNS, our community which is the core factor/ the essence of our protocol should have the ownership.
Decentralization is what we represent.
It is no secret that SNS core focus is to be owned by the community and in this regard have found it ideal to decentralize. StorkLabs LLC will be the exclusive developer of the Sui Name Service and the $SNS token will be used to vote on use of community funds, feature changes, or anything related to the SNS-products / direction.This will keep ensure that feature updates happen quickly, but also give token holders an outlet to make changes in the products and receive real ownership / equity.
$SNS Tokenomics Plan (Current)
25%+ Airdropped to Community
75% Core Contributors / Token Treasury (yet to be divided)
Total Token Supply: 100million
intended Release Date: Q3 2023 — domain registration milestones.
Yes, you heard right!!
25%+ Airdropped to Community.
Have you ever grinded for a project and got nothing? We’re here to change that. If you support us, we’ll support you. The Sui Name Service is our first community-owned protocol. Our DAO will be based on domain registration and engagement.
Get involved in the SNS today.. and earn your place in the DAO.
We build for the People by the People.