Announcing Sui (SUI) Listing on Bitget: A New Era of Object-Centric Blockchain
Are you ready to explore the latest sensation-making waves in the cryptocurrency world - Sui Network? In this article, we will learn what Sui is all about, how it works, and their exclusive campaigns on Bitget.
Introduction to Sui (SUI)
Sui is a new layer 1 blockchain that has quickly gained attention in the crypto world for its unique features. Built on the proof-of-stake consensus mechanism, Sui aims to revolutionize the blockchain landscape by significantly reducing latency in executing smart contracts and enhancing speed and security as we move toward a more extensive adoption of Web3.
Often referred to as the “Solana-Killer,” Sui is designed to eliminate middlemen and enable users to interact seamlessly with their favorite products across apps. By September 2022, Mysten Labs had raised a whopping $300 million Series B funding round to support the launch and growth of Sui.
How does it work?
Sui Network is designed to facilitate proactive communication between requesters and validators, ensuring near-instant transaction finality. It leverages non-overlapping states to enable parallel processing, achieving unprecedented efficiency.
Objects are created and managed by Move, a Rust-based programming language, and have a unique ID stored in the distributed ledger. Transactions can create, destroy, and write objects, with validators executing transactions in parallel for exclusively owned objects, ensuring high throughput with Byzantine Consistent Broadcast. For shared objects, validators use Bullshark, a high-throughput DAG-based consensus protocol.
What are Sui (SUI) tokenomics?
The Sui token (SUI) is the native token of the Sui Network. Boasting a total supply of 10,000,000,000 tokens, SUI is used to pay transaction fees, participate in Sui’s governance, stake to validators, and take part in the proof-of-stake mechanism.
SUI Token Allocation
Source: The Sui Blog
Sui for Bitget Innovation Zone
Are you searching for a centralized exchange that bridges the gap between startups and investors? If so, look no further than the Bitget Innovation Zone! With a dynamic user base of over 8 million Bitgetters and a vast network of more than 100,000 influencers, Bitget Innovation Zone offers a one-of-a-kind opportunity to discover and invest in the hottest and trendiest projects in the market.
We are excited to announce the listing of Sui (SUI) on the Bitget Innovation Zone, opening up a world of possibilities for savvy investors.
Contract Address: 0x2::sui::SUI
- Spot Trading Link: SUI/USDT
- Spot Grid Trading Link: SUI/USDT
- Fee Schedule: SUI/USDT
SUI exclusive campaigns on Bitget
Don't miss out on the chance to earn SUI juicy rewards with Bitget's upcoming event - deposit and trade now to take advantage of this amazing opportunity! During the promotion, the top ten users with the highest SUI net deposit volume will be rewarded with US$1000 in SUI rebates each. As for the other participants, they will receive a 10% rebate on their SUI net deposits, which will be drawn from a prize pool of US$10,000 in SUI. Each participant can receive up to US$200 in SUI from the rebate. (See more event details here)
Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.
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