Supra (SUPRA)
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Release Time:12/09/2024 10:13:14
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Supra (SUPRA) is a scalable Layer 1 blockchain integrating native services and cross-chain interoperability.

What Is Supra (SUPRA)?

Supra is a cutting-edge blockchain infrastructure project designed to provide a vertically integrated Layer 1 blockchain ecosystem. With its robust architecture, Supra combines native blockchain services, cross-chain interoperability, and high-performance infrastructure, catering to decentralized applications (dApps) and enterprises. Its innovations include Distributed Oracle Agreement (DORA), distributed randomness, automation, and a mempool-less transaction mechanism.

 

Supra aims to bridge the gap between Layer 1 and Layer 2 networks with its IntraLayer design, offering seamless cross-chain communication through its HyperLoop and HyperNova bridging solutions. Its comprehensive ecosystem positions it as a pioneer in delivering scalable, efficient, and secure blockchain services.

 

An Overview of Supra’s Ecosystem

Supra ecosystem | Source: Supra

 

Native Vertical Integration

Supra integrates multiple blockchain-related services into its Layer 1 architecture, offering a cohesive platform that includes:

 

  • MultiVM Smart Contracts: Supports various programming environments like Move, EVM, and CosmWasm for broad developer compatibility.

  • Distributed Oracles (DORA): Delivers reliable, push/pull off-chain data for cryptocurrency price feeds, weather data, and more.

  • Distributed Verifiable Random Functions (DVRF): Supplies tamper-proof randomness for gaming, lotteries, and dApps.

  • Automation Network: Allows scheduled transaction execution based on time, on-chain, or off-chain events.

  • Supra Containers: Offers appchain-like functionality with unified liquidity and reduced deployment costs.

Supra’s Core Features

Supra’s Moonshot consensus protocol | Source: Supra Academy

 

1. Performance-Driven Blockchain

  • Moonshot Consensus Protocol: A Byzantine Fault Tolerant (BFT) protocol with instant finality and optimized latency.

  • Sailfish DAG Consensus: Enables low-latency block finalization with high throughput.

  • Mempool-Less Transactions: Uses a bucketing mechanism to optimize latency and ensure censorship resistance.

2. IntraLayer Interoperability

  • HyperLoop: A game-theoretically secure bridge for connecting rollups to Supra.

  • HyperNova: A trustless bridge for connecting Layer 1 chains, including Bitcoin.

  • Cross-VM Transfers: Facilitates asset transfers across supported virtual machines.

3. Modular Design for Scalability

  • Tribe-Clan Architecture: Organizes nodes into tribes and clans to enhance parallelism, reduce network load, and improve fault tolerance.

  • Parallel Execution: Supports sharded execution and state management for high-throughput applications.

4. Robust Developer Support

  • Multi-VM Compatibility: Begins with Move and EVM, expanding to SVM and CosmWasm.

  • Static Analysis: Derives access specifications for deterministic parallel execution without developer input.

  • Supra Containers: Provides dedicated environments for dApps with custom gas tokens and pricing.

SUPRA Token Utility and Tokenomics

The $SUPRA token serves as the unified utility token for the Supra ecosystem, powering its Layer 1 blockchain and all vertically integrated services. It is designed with broad utility to ensure the seamless functioning and growth of the network.

 

1. Gas Fees

  • Primary Gas Token: $SUPRA is used to pay transaction fees across the Supra Layer 1 blockchain, enabling high-throughput and scalable interactions.

  • Ecosystem Operations: Facilitates transactions within native services, including smart contracts, oracles, and automation.

2. Staking and Network Security

  • Proof of Stake (PoS): Node operators must stake 55M $SUPRA tokens to secure the network and validate transactions.

  • Native Service Guarantees: Staked or locked $SUPRA tokens serve as economic security for native services like price feeds, VRF, and bridge protocols.

3. Real-Time Data Access: $SUPRA tokens enable access to real-time oracle data, including cross-chain communication and price feeds.

4. Governance: $SUPRA token holders influence network decisions, contributing to system upgrades, fiscal policies, and ecosystem growth.

5. Utility Beyond Supra

  • Cross-Chain Integration: Enables dApps on other ecosystems to utilize Supra services such as oracles, randomness, and automation using $SUPRA tokens.

  • Cost-Efficient Services: Provides superior performance and security to DeFi and gaming platforms across various chains at lower costs compared to traditional providers.

6. Proof of Efficient Liquidity (PoEL)

  • Dual Capital Efficiency: Users can stake $SUPRA tokens to secure the network and simultaneously provide liquidity for native DeFi applications, earning staking rewards and liquidity fees.

  • Enhanced Ecosystem Growth: This dual-utility model maximizes capital efficiency, supporting both network security and liquidity.

SUPRA Total Supply and Token Distribution 

SUPRA token Allocation | Source: Supra 

 

  • 22.8% Foundation and Treasury: Dedicated to fostering ecosystem growth.

  • 21.0% Validators and Stakers: Ensures network security and longevity.

  • 20.5% Early Contributors: Rewards early supporters of Supra.

  • 16.0% Team: Structured for long-term network development, with tokens locked for 6–12 months post-TGE and gradual unlocks thereafter.

  • 11.0% Ecosystem and Community: Supports initiatives to grow the Supra community.

  • 4.0% Blast Off Airdrop: Incentivizes early adoption and participation.

  • 4.7% Others: Allocated for advisors, strategic partners, marketing, legal, and administrative needs.

Token Vesting Schedule

SUPRA Token Vesting Schedule | Source: Supra

 

  • Gradual Unlocks: Team and early contributor tokens are initially locked, with no team tokens unlocked at TGE. Unlocks will follow a gradual release schedule to prevent market dilution.

  • Community First: Early VC tokens are excluded from staking or block rewards at launch, ensuring the community’s priority in network rewards.

Supra’s Roadmap and Key Metrics

Key Metrics (as of December 2024)

  • Transaction Throughput: Achieves up to 500,000 TPS in experimental setups.

  • Latency: Sub-second end-to-end transaction finality of 600-900 ms.

  • Node Infrastructure: Supports 625 nodes in a tribe, with clans enabling sharded execution.

  • Investment: Over $42 million raised. 

  • Key Investors: Animoca Ventures, Coinbase Ventures, FiveT Fintech, Hashed, HashKey Capital

Roadmap Highlights

2024: Foundations of Supra

  • Mainnet Launch: Deployment of Supra Layer 1 with MultiVM architecture, featuring Move as the first smart contract platform.

  • HyperLoop and HyperNova: Launch of secure cross-chain bridging solutions, enabling interoperability with major Layer 1 and Layer 2 networks.

  • Native Service Rollout: Introduction of core services like Distributed Oracle Agreement (DORA), Distributed Verifiable Random Functions (DVRF), and automation protocols.

  • Governance Framework: Rollout of $SUPRA-based governance mechanisms, empowering the community to participate in network decisions.

  • Blast Off Airdrop: Distribution of $SUPRA tokens to early supporters and community members.

2025: Expanding Ecosystem Utility

  • Sailfish DAG Consensus Protocol: Implementation of the advanced DAG-based consensus for improved transaction finality and throughput.

  • EVM and SVM Integration: Expansion of MultiVM support to include Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM), enhancing developer accessibility.

  • DeFi Infrastructure: Deployment of Proof of Efficient Liquidity (PoEL) and innovative DeFi primitives like the Dynamic Function Market Maker (DFMM) and Dynamically Structured Pool Protocol (DSPP).

  • Cross-VM Interoperability: Facilitation of seamless asset transfers between VMs within Supra’s network.

2026: Scaling and Innovation

  • Supra Containers: Full deployment of appchain-like containers to enhance scalability and dApp sovereignty while maintaining shared security.

  • Expanded Oracle Services: Introduction of real-time data feeds and advanced automation features, enabling smarter dApps across industries.

  • Global Partnerships: Integration with major blockchain ecosystems and enterprise collaborations to drive cross-chain adoption.

  • Enhanced Governance Mechanisms: Incorporation of reputation-based governance through soulbound NFTs, ensuring meritocracy and decentralization.

Beyond 2026: Future Vision

  • IntraLayer Adoption: Supra aims to become the central coordination layer connecting blockchains, fostering unified liquidity and data exchange.

  • Web3 and Enterprise Solutions: Expansion of blockchain services to support enterprise-grade applications, including decentralized identity and supply chain management.

  • Sustainable Ecosystem Growth: Continuous innovation in tokenomics, community incentives, and cross-chain compatibility to build a robust and self-sustaining ecosystem.

Supra Airdrop and Community Initiatives

The Supra (SUPRA) airdrop is a pivotal initiative designed to reward early supporters, foster community engagement, and drive adoption of the Supra ecosystem. By distributing $SUPRA tokens to contributors and participants, the airdrop reinforces Supra’s community-first ethos while encouraging active involvement in its Layer 1 blockchain and native services.

 

Key Features of the Supra Airdrop

1. Blast Off Airdrop (4% Allocation)

  • Incentivizing Early Adoption: Allocates 4% of the total $SUPRA supply to reward early community members who supported Supra during its initial phases.

  • Engagement Rewards: Participants earn $SUPRA by completing specific tasks, such as using Supra services, engaging with community campaigns, or staking in supported programs.

2. Community-Centric Approach

  • Eligibility Criteria: Airdrop participants may need to fulfill certain requirements, such as interacting with Supra’s Layer 1 network, exploring its native services (like oracles and bridges), or connecting with supported dApps.

  • Focus on Active Users: The airdrop is structured to reward users who actively engage with the Supra ecosystem rather than passive holders, fostering long-term adoption.

3. Gradual Token Distribution

  • Fair Launch Strategy: Tokens are distributed gradually to prevent market dilution and ensure long-term value retention.

  • Community-First Design: Early VC and team tokens are locked at launch, ensuring the airdrop benefits active community members first.

How to Participate in $SUPRA Airdrop

Participants can engage in the Supra airdrop through the following pathways:

 

  • Community Tasks: Completing missions, such as signing up for Supra’s wallet, interacting with Supra’s native applications, and following Supra on social media channels.

  • dApp Usage: Using Supra’s Layer 1 services, including price oracles, VRF, or automation protocols, to qualify for airdrop rewards.

  • Engagement in Ecosystem Growth: Supporting Supra’s initiatives, such as testing new features or contributing to governance proposals.

Conclusion

Supra represents a paradigm shift in blockchain infrastructure, blending high performance with native integration of essential blockchain services. Its modular architecture, innovative consensus protocols, and developer-friendly ecosystem establish Supra as a key player in advancing decentralized applications and Web3 technology.

 

With its ambitious roadmap, Supra is poised to set new standards for Layer 1 blockchain ecosystems, fostering innovation and adoption across industries.

 

Community 

Further Reading 

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
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