SUI Name Service is a decentralized domain name system that utilizes smart contracts to provide users with a secure and interoperable way to register and use unique, human-readable names on the SUI blockchain. These names can be used to represent online assets such as SUI addresses or IPFS hashes, allowing users to easily and securely access decentralized applications, services, and resources on the SUI network. With SUI Name Service, users have full control over their online identities and assets, ensuring a decentralized and secure experience.
It starts with
👉Phase 1 (Q3 2022 - Q1 2023) :-
The aim is to revolutionize the name service industry with a gaming, community, and profile-focused ".sui" name service. This phase has three primary objectives:
Building up the $SNS community
Launching the name service and resolver extension
Raising sufficient funds for continued development.
👉Phase 2 (Q1 2023 - Q1.5 2023) :-
With profiles, every ".sui" name gets its own exclusive profile that can be set up and shared upon registration.
These profiles display NFT collections and allow users to connect their social media or remain anonymous. There’s also provide JavaScript libraries for easy integration with various applications and enable the creation of social products.
The community-owned $SNS makes it all possible
👉Phase 3 (Q1.5 2023 - Q3 2023):- SUI messaging app! Looking to haggle for that one-of-a-kind NFT without anyone knowing? Look no further! Our top-secret, super stealthy social app lets you message NFT owners and negotiate to your heart's desire without a trace (unless you blab about it). Plus, it's totally free for anyone to use. Just register with ".sui" for the ultimate seamless experience with our family-friendly browser extension and site. No pressure though, registration is totally optional.
👉Phase 3 continued (Q3 2023 - Q4 2023):-
"It's payback time for all the peeps who supported us and made $SNS a reality - the community. In this stage, we're giving our beloved community some real power, but don't worry, we've got some wise-owl safeguards in place to make sure the token stays valuable and the team can keep the bad actors in check. You're welcome, community. You deserve it." - SNS Here’s what’s more with $SNS token 👇 There will be a total of 100 million $SNS tokens, which will be permanently capped at this amount.
50% of the tokens will be locked at release and controlled by the $SNS parent company, SolNames LLC.
The remaining 50% of the tokens will be distributed as follows:
25% to the community, with an additional 2.5% allocated exclusively for whitelist participants.
10% to the parent company as an investment.
15% to the founding team and active contributors, with 48-month vesting schedules.
Tokens will eventually earn dividends from $SNS-owned products, providing a real utility for long-term ownership. The exact distribution of dividends, which will be based on a percentage of specific $SNS product profits, has yet to be determined. The team's goal is to create real value for the community.
👉Phase 4 (Q4 2023 - BEYOND):- At this point what happens with SNS?
The company has a successful name service with a strong community and successful web3 ownership.
Community oversight is good, and there are stakes in its future. Crypto adoption has increased significantly since the start. This is a good time to disrupt traditional web2 companies with the benefits of web3 technology.
Plans for specific details will be discussed in Governance, but some areas of disruption include web2 domains, gaming launchers, and legal matters.
If you have any questions or want to join the team as a co-founder, contact the company on the official discord or via email 🌐 Official website :- SNS (ongoing whitelisting event) 💻 Crew3 :- Join Crew3 complete tasks and Earn ‘Stork’ role for rewards! 🐦 Twitter :- SNS Twitter 💬 Discord :- SNS discord
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