Sui will unlock 64,190,000 SUI tokens on December 1st, constituting approximately 2.26% of the currently circulating supply.
SUI Info
Sui is a first-tier blockchain designed to address certain challenges associated with Web3.
One of the major innovations offered by Sui is parallel transaction execution. On other platforms that process smart contracts, transactions are executed one at a time, usually in the order they are received. This leads to longer processing times. However, the Sui blockchain accepts transactions in parallel, and simple operations bypass consensus, allowing them to be completed almost instantaneously.
The Sui network supports smart contracts through the Sui Move language, which is an upgraded version of the Move language. Move is a programming language based on the popular Rust language and prioritizes fast and secure transaction execution.
SUI is the native token of the Sui blockchain. Tokens can be used for staking and as payment for gas fees in the Sui PoS network.
Here's a breakdown of what the image and text are about:
* 2.26% of SUI tokens will be unlocked on December 1st, 2024. This means that 64,190,000 SUI tokens will be released into circulation on that date.
* Sui is a first-tier blockchain designed to address certain challenges associated with Web3. It aims to improve the scalability and efficiency of blockchain technology.
* Sui uses parallel transaction execution. This means that multiple transactions can be processed at the same time, which can significantly improve performance.
* Sui supports smart contracts through the Sui Move language. This language is designed to be fast, secure, and easy to use.
* SUI is the native token of the Sui blockchain. It can be used for staking and paying gas fees.
Overall, the image and text are providing information about the Sui blockchain and its upcoming token unlock.
