SuiNS Price

SuiNS (Sui Name Service) is a decentralized naming system built on the Sui blockchain. It allows users to register human-readable names, simplifying interactions by replacing complex wallet addresses with easy-to-remember identifiers. These names are represented as NFTs, granting users full ownership and the ability to trade or transfer them. SuiNS also supports subdomains and personalization options, such as associating avatars with names, enhancing user experience within the Sui ecosystem.

The native token of SuiNS is $NS. It plays a central role in the platform's governance, enabling token holders to participate in decision-making processes that shape the future of SuiNS. Additionally, $NS tokens can be used to purchase SuiNS names at discounted rates, providing added utility for holders.

Sui Name Service (SuiNS) simplifies your blockchain experience by replacing complex wallet addresses with easy-to-remember names. You can register a unique name, like "alice.sui," and link it to your Sui account. This makes sending and receiving assets more straightforward and reduces errors.

These names are stored as NFTs in your wallet, giving you full ownership and control. You can personalize your identity by associating an avatar with your name. If you don't renew your name after a year, it becomes available for others to register.

SuiNS has introduced the $NS token to empower the community. Holding $NS tokens allows you to participate in governance, influencing the platform's future. You can also use these tokens to purchase SuiNS names at discounted prices.

By using SuiNS, you make your blockchain interactions more user-friendly and secure. The platform's decentralized approach ensures that you have a say in its development and direction.

Sui Name Service (SuiNS) simplifies blockchain interactions by replacing complex wallet addresses with user-friendly names. Founded in September 2022, SuiNS has achieved several milestones:

> September 2022: Established to create a user-friendly naming service for the Sui blockchain.

> October 2022: Launched on Sui Testnet, allowing early user engagement.

> May 2023: Officially debuted on Sui Mainnet with an auction system for fair name acquisition.

> June 2023: Conducted over 3,000 live auctions within a month of Mainnet launch.

> July 2023: Integrated with more than 20 partners, enhancing utility across the Sui network.

> August 2024: Announced transition to a decentralized model, empowering community-driven development.

The roadmap includes potential updates shaped by community input:

> Registering shorter names (one to two characters) or using emojis.

> Introducing static USD pricing for name registrations.

> Developing an NFT avatar generator for custom profile pictures.

> Enhancing homepage functionality with dynamic widgets and name lookup search.

> Implementing an auctioning system for existing names.

> Establishing a referral system.

> Creating a SuiNS subnames widget.

> Offering fiat on-ramp and payments in tokens other than SUI.

> Providing Linktree-style functionality for SuiNS.

The SuiNS (NS) token serves multiple purposes within the Sui Name Service ecosystem:

1. Governance Participation: Holding NS tokens allows you to vote on proposals that shape the platform's future, giving you a direct voice in its development.

2. Discounted Name Purchases: You can use NS tokens to buy SuiNS names at reduced prices, making it more affordable to personalize your blockchain identity.

3. Trading $NS Token on Exchanges: NS tokens are tradable assets. For instance, you can trade SuiNS tokens on the KuCoin spot market, allowing you to buy or sell NS tokens as part of your investment strategy.

The SuiNS (NS) tokenomics outline the distribution and utility of the NS token within the Sui Name Service ecosystem. The total supply of NS tokens is capped at 500 million, allocated as follows:

1. 57% to Treasury: This portion ensures the protocol's long-term sustainability. Within this, 22% is controlled by NS token holders through governance voting, and 35% is managed by the SuiNS Foundation for protocol support.

2. 28% to Core Contributors and Early Backers: These tokens reward the team and investors who were instrumental in developing the protocol. To promote sustainable growth, these tokens will be released over three years, with a one-year cliff followed by a two-year linear unlock.

3. 10% for Community Airdrop: The NS airdrop allocation rewards active community members and early adopters who have significantly contributed to the platform's growth.

4. 5% for Governance Rewards: These tokens incentivize active participation in governance by rewarding NS holders who engage in voting on key proposals.