SUI: аnalysis of the prospects for the development of the project

SUI Project Analysis


Ruslan Star

4/25/20232 min read

SUI project

Sui is a high-performance Tier 1 blockchain being developed by Mysten Labs. Sui blockchain, like Aptos, uses the work of Diem, a failed blockchain platform from Meta Corporation. Website: Most of SUI's token offerings (544,000,000 tokens) are issued on April 24, 2023 through an initial public offering conducted on the Bybit, Kucoin, OKX exchanges.

Key applications of the SUI token:

Gas token. The SUI token is used in the Sui network as a unit of payment for gas fees required to perform transactions and other operations on the blockchain.

Steaking and Delegation. SUI can be staked to participate in the Delegated Proof-Of-Stake mechanism.

Management (DAO). A token gives its holder the right to participate in votes related to protocol updates.

Liquid asset. SUI can be used as a versatile and liquid asset in various ecosystem applications.

Half of the entire token issue will be allocated to a "Community Reserve" managed by the Sui Foundation. These assets will be used to develop the ecosystem. The distribution of tokens will look as follows:

50% - "Community Reserve" - 5,000,000,000 SUI. These assets will be used to reward the nodes-validators, delegates, for research and development, as well as for various grant programs for startups in the Sui ecosystem (a linear monthly vesting for 120 months from the date of TGE).

20% - Early Contributors - 2,000,000,000 SUI. Tokens allocated to early contributors to the platform (linear monthly lead for 96 months from TGE).

14% - "Investors" - 1,400,000,000 SUI. Investors tokens (6-12 months Cliff, then linear monthly lead for 25 months from TGE).

10% - "Mysten Labs Treasury" - 1,000,000,000 SUI. Tokens owned by Mysten Labs, the developer of the Sui blockchain (linear monthly lead for 96 months from TGE).

6% - "Community Access Program & App Testers" - 600,000,000 SUI. Tokens to reward community and dApps testers.

The prospects for the SUI cryptocurrency project in the next six months remain uncertain. While the project has gained some traction in the crypto market, there are still many challenges that it needs to overcome to achieve greater success. One of the main challenges is the competition from other well-established cryptocurrencies that have a larger user base and stronger market presence. Additionally, regulatory uncertainty and security concerns continue to pose a threat to the project's growth. However, the SUI team is actively working on addressing these issues and improving the project's infrastructure. If they are successful in these efforts, there is potential for the SUI project to see significant growth in the coming months.