SUI coin (SUI) Live Price, MarketCap, Charts
SUI data, charts, and live price. With this data, users can make informed decisions about their investments and keep track of the latest trends in the cryptocurrency market. Our comprehensive suite of tools allows users to easily analyze historical data, create visualizations, and develop strategies for trading cryptocurrency.
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Sui blockchain native asset is called SUI. The token is used for paying gas fees, staking, governance, and as a liquid asset.
The maximum supply of SUI is limited to 10,000,000,000 (or ten billion tokens). A portion of the total SUI supply will be available for immediate liquidity upon Mainnet launch, while the remaining tokens will be vested gradually over the following years or distributed as future stake reward subsidies.
SUI coin reached an all-time high price of $1.72 on May 3, 2023. (source: Coinmarketcap)
Live price of SUI Coin
What is SUI token?
The SUI token serves four fundamental purposes on the Sui platform:
- Users can stake SUI to participate in the proof-of-stake mechanism.
- SUI serves as the asset denomination used to cover gas fees for executing and storing transactions and operations on the Sui platform. It is a key component facilitating seamless functionality and efficiency within the Sui ecosystem.
- SUI serves as a flexible and highly liquid asset with a wide range of applications. It encompasses the fundamental attributes of money: unit of account, medium of exchange, and store of value. Additionally, it unlocks advanced features through smart contracts, allows interoperability, and enables composability within the Sui ecosystem.
- The SUI token has a crucial role in governance, providing the right to participate in on-chain voting on matters like protocol upgrades. This empowers stakeholders to shape the direction of the ecosystem and ensures their voice is heard in key decisions.
SUI Tokenomics
The Sui economy is defined by three primary groups of participants:
- Token holders of SUI have the opportunity to stake their tokens with validators and actively engage in the proof-of-stake mechanism. Additionally, SUI owners possess the privilege of participating in the governance of Sui.
- Users utilize the Sui platform to submit transactions, enabling the creation, mutation, and transfer of digital assets. Moreover, it facilitates interaction with advanced applications, empowered by smart contracts, interoperability, and composability.
- Validators on the Sui platform oversee the processing and execution of transactions with precision and expertise.
Here is a diagram of SUI tokenomics:
Vesting unlock schedule:
Where to buy SUI coin?
SUI is currently listed on several exchanges including Binance, Kucoin, Coinbase, Kraken.
