Cryptocurrency Q&A
What is the max supply of Sui token?
What is the max supply of Sui token?
KDramaLegendaryStarlightFestival
Thu May 23 2024
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7 answers
1308
Could you please elaborate on the maximum supply of Sui token? I'm curious to know if there's a defined limit to the total number of Sui tokens that can be issued or minted. Additionally, I'm interested in understanding how this supply might affect the value and scarcity of Sui tokens in the long run. Could you also provide any insights into how the Sui protocol manages its token supply to ensure stability and sustainability? Thank you for your time and consideration.
7 answers
Caterina
Sat May 25 2024
On May 3, 2023, Sui Mainnet was officially launched to the public, marking a significant milestone in the cryptocurrency landscape. This network introduced a native token, SUI, that serves as the fundamental unit of exchange within its ecosystem.
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Lorenzo
Fri May 24 2024
The supply of SUI tokens is capped, ensuring scarcity and maintaining the token's value over time. This capped supply also creates a sense of exclusivity and rarity, attracting investors and users alike.
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Claudio
Fri May 24 2024
The SUI token plays a crucial role in facilitating on-chain transactions. It enables seamless and efficient transactions between Sui Mainnet participants, providing the foundation for a robust and secure network.
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Federica
Fri May 24 2024
It is worth noting that Sui Mainnet has a long-run circulating supply of 10 billion SUI tokens. This large supply ensures that the network can scale and support a large number of users and transactions while maintaining stability and reliability.
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Claudio
Fri May 24 2024
Additionally, SUI serves as the means to pay gas fees within the Sui Mainnet. Gas fees are the costs associated with executing transactions on the network, ensuring that the network remains operational and sustainable.
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