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$SUI Here’s what you need to know about SUI, a recent cryptocurrency that is attracting attention in the blockchain universe:
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🔹 What is SUI?
SUI is a Layer 1 blockchain designed to be fast, scalable, and focused on decentralized applications (dApps) and NFTs. It was developed by Mysten Labs, a team of former Meta (Facebook) engineers who worked on the Diem / Libra project.
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🔹 Main features of SUI
Functionality Detail
✅ Language Uses Move, a secure programming language, initially developed by Meta. ⚡ Speed Very fast with low latency (processing time under one second). 🔁 Scalability Parallel execution of transactions (simultaneous processing) = high throughput. 💰 Native token The SUI token: used to pay gas fees, staking, and governance. 🏗️ Use cases dApps, decentralized finance (DeFi), Web3 games, NFTs.
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🔹 What is the SUI token used for?
Transaction fees on the network
Staking: securing the network and rewards
Voting in decentralized governance
Economy of dApps developed on SUI
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🔹 Advantages of SUI
Ultra-fast and cost-effective
Parallel execution = more efficient than many traditional blockchains
Developing ecosystem with many NFT and DeFi projects
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🔹 Disadvantages / Risks
Still young, hence volatile
Fierce competition with projects like Aptos, Solana,
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Binance Square is pleased to extend the “Write to Earn” promotion and upgrade the reward structure for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square may each earn up to 30% trading fee commissions from their readers’ Spot, Margin, and/or Futures trade(s).
Eligibility
Only Binance Square creators who fulfill all of the following requirements will be eligible to participate in this promotion: