SuiNS Token
NS
Average
11.41K
15.55K
26.74K
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150
216
192
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39
44
27
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27
38
32
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SuiNS Token Info
SuiNS Token Intro
Sui Name Service (SuiNS) is a decentralized naming system built on the Sui blockchain, offering users an easy and accessible way to create human-readable names for their wallet addresses, decentralized applications (dApps), smart contracts, and more. This service provides a foundational layer of Web3 infrastructure, aimed at enhancing the user experience by simplifying complex blockchain interactions. Instead of managing long, cryptographic addresses, users can utilize personalized domain-like names that are easier to remember, share, and utilize in transactions.
The $NS Token takes Sui Name Service to the next level by taking the first step to becoming the first truly decentralized Web3 Name Service! The $NS token gives governance over SuiNS to the community by allowing the community to have meaningful input (via their votes) over various aspects of the SuiNS protocol and its ongoing development. Utilizing groundbreaking technology through the Sui blockchain, SuiNS takes governance a step further by completely removing the need for any key or multisig holders.
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Q&A about SuiNS Token Tokenomics
Explore the tokenomics of SuiNS Token(NS) and review the project details below.
What is the allocation for SuiNS Token(NS)?
- Treasury: 57% of $NS tokens (22% controlled by token holders through governance voting, 35% administered by the SuiNS Foundation Ltd).
- Community Airdrop: 10% of the token supply (NFTs distributed to the community, with governance voting to shape the protocol's future).
- Governance Rewards: 5% of tokens allocated for future governance rewards to $NS token holders participating in voting.
- Core Contributors: 28% of the token supply distributed to core contributors and early backers.
What is the supply schedule for SuiNS Token(NS)?
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Sui Name Service (SuiNS) is a decentralized naming system built on the Sui blockchain, offering users an easy and accessible way to create human-readable names for their wallet addresses, decentralized applications (dApps), smart contracts, and more. This service provides a foundational layer of Web3 infrastructure, aimed at enhancing the user experience by simplifying complex blockchain interactions. Instead of managing long, cryptographic addresses, users can utilize personalized domain-like names that are easier to remember, share, and utilize in transactions.
The $NS Token takes Sui Name Service to the next level by taking the first step to becoming the first truly decentralized Web3 Name Service! The $NS token gives governance over SuiNS to the community by allowing the community to have meaningful input (via their votes) over various aspects of the SuiNS protocol and its ongoing development. Utilizing groundbreaking technology through the Sui blockchain, SuiNS takes governance a step further by completely removing the need for any key or multisig holders.