Sui Testnet Wave 2 is now live for several weeks, welcoming participation from validators, node operators, delegators, app developers, and end users. Sui is the first permissionless Layer 1 proof of stake blockchain with scalable throughput and storage. Developed by Mysten Labs, Sui is designed to empower creators and developers to reach the next billion web3 users. With horizontal scalability, Sui supports various applications with top speed and minimal gas fees. The platform's smart contract capabilities enable the creation of dynamic on-chain assets across industries from gaming to finance. $SUI, the native asset, has a capped supply of 10 billion tokens, with a portion circulating at mainnet launch and the rest vesting or distributed as stake rewards. Validators maintain the network in a permissionless manner, resembling roles in other blockchain systems.
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About Sui Testnet
Developed by Mysten Labs, Sui is a smart contract platform specifically created to empower creators and developers to build innovative experiences for the next billion users in web3. With its horizontal scalability, Sui can efficiently support a wide range of applications with unprecedented speed and minimal Gas Fees. This platform enables the creation of dynamic on-chain assets ranging from gaming to finance, all managed by a permissionless group of validators akin to miners or validators in other blockchain systems. SUI is the platform's native asset, with a fixed supply of 10 billion tokens. A portion of this supply will be available for trading at mainnet launch, while the rest will be distributed gradually over the years or as rewards for future stake subsidies.
Step-by-step guide
Missing airdrop steps
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
Project links
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