Highly-anticipated layer-1 blockchain Sui launches tomorrow, but how does it, and its native token SUI, actually work? 

The proof-of-stake (dPoS) blockchain, which uses a modified version of the Move programming language, has a cap of 10 billion tokens. 

The Sui Foundation says that a share of SUI’s total supply will be liquid at its Mainnet launch tomorrow. The remaining tokens will be available over the coming years or distributed as future stake rewards.

SUI will be used to pay gas fees for transactions, staking (to earn rewards), and as part of the network’s governance process. 50% of the tokens are allocated to the Community Reserve—a fund managed by the Sui Foundation. 

Most of the remaining tokens will be for those who contributed to the project, and 14% will be allocated to investors, the Sui Foundation has said. Sui community members will be able to purchase the SUI token in the early stages of Sui Mainnet. 

Which exchanges will be supporting SUI? A number of smaller exchanges—BitForex, DigiFinex, HotBit and SuperEx—have allowed customers to buy

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Author: Mathew Di Salvo

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