SuiNS
SuiNS is short for Sui Name Service. It works like a name tag for your crypto wallet. Instead of using a long code, you get a human-easy name, like “alice.sui” or “example.sui”.
SuiNS lives on the
Sui blockchain. It helps people send crypto without getting mixed up. It even uses @name style, a lot like social media handles.
How SuiNS Will Benefit the Crypto Space
Easy Names – No more long wallet codes. Use short names, easier to remember.
Fewer Mistakes – It’s safer. You send to names instead of strings of letters.
Trust – Names feel more real than random addresses.
Better Access – New users can join crypto world easier.
SuiNS Features
.sui & .move Domains – You can register .sui for people and .move for apps or companies.
Subdomains – You can make sub-names under your main name for better organization.
IPFS Support – You can link your name to content on decentralized web via IPFS.
Full Control – You manage your name, change linked address anytime.
On-chain Governance – Changes happen only when token holders vote, no secret key holders.
Voting Power – You get more power if you lock tokens longer; staking boosts your vote weight.
SuiNS Roadmap
Launch NS Token – On November 14, 2024, SuiNS launched its NS tokens, bringing community governance to life.
Name Service Growth – Push supports for .sui/.move domains, subdomains, IPFS linking.
Governance Rollout – People started voting on name service features using their tokens.
Community Rewards – Tokens set aside for voters as rewards.
Future Plans – More features, improved UI, deeper decentralization. The roadmap is not fully public, but it moves toward community control.
SuiNS’ Whitepaper
The whitepaper shares deep plan:
Governance Rights – NS token gives community voting rights.
Treasury Rules – Foundation holds some tokens, but community controls many tokens via votes.
Token Distribution – See next section below.
Voting Design – Vote by locking NS tokens, more tokens or longer locks boost voting power.
No Multisig Needed – Governance lives on chain. All upgrades or changes need voting. No private key holders have sole control.
Transparent Upgrades – If someone wants to change code, they airdrop crypto currency must propose and voters approve before upgrade happens.
SuiNS’ Tokenomics
Total Supply – 500 million NS tokens.
Distribution:
57% to treasury (22% controlled by voting holders, 35% held by Foundation).
10% for community airdrop to reward early users and fans.
28% for core contributors and early supporters with lockup (1-year cliff, then release).
5% for rewards to token holders who vote (governance rewards).
Unlock Schedule – Contributors unlock over 3 years, after 1-year cliff; Mysten Labs has special schedule.
Voting Rewards – 5% supply used to reward people who vote.
SuiNS Airdrop details
The SuiNS Airdrop is live.
Start Date – NS token launched November 14, 2024, and airdrop began then.
Eligible Users – 183,369 Airdrop NFT holders can claim tokens.
Total Airdrop Share – 10% of total 500M tokens = 50 million NS tokens.
USDT Value – If price ~$0.14, that equals about $7 million USDT.
Platform – Claim on the official site: claim.suins.io.
Tasks to Participate
To claim:
Hold an Airdrop NFT from SuiNS.
Visit claim.suins.io.
Connect your Sui wallet.
Follow the prompt to claim tokens.
How to Participate in the Airdrop
Get the SuiNS Airdrop NFT (if eligible).
Go to claim.suins.io.
Hook up your wallet.
Click “claim NS tokens.”
Wait for tokens in your wallet.
Conclusion
“SuiNS Airdrop” is an exciting chance for early users to claim tokens and join a
NFT Marketplace name service. It makes crypto easier by using names instead of long codes. It embraces community control through on-chain voting and token rewards.
