On November 1, Sui will unlock 43,960,000 SUI tokens, which is approximately 1.21% of the total supply of tokens in circulation.
Information about SUI
Sui is a layer one blockchain specifically designed to address a number of issues related to Web3.
One of the key innovations offered by Sui is parallel transaction execution. Unlike other platforms that process operations in smart contracts sequentially, the Sui blockchain allows them to be executed in parallel. This approach significantly reduces transaction processing time. Simple operations do not require going through consensus, allowing them to be completed almost instantly.
The Sui network supports smart contracts using Sui Move — a programming language that is a modified version of the Move language. Move is based on the popular Rust language and is designed for fast and secure transaction execution.
SUI is the native token of the Sui blockchain. Tokens can be used for staking and paying gas fees when conducting transactions on the Sui network.
