$SUI SUI is the native token of the Layer1 blockchain Sui Network, primarily used for network governance, transaction fee payments, and staking.

Sui Network was founded by former members of the Meta blockchain team, focusing on high throughput and low latency, using the Move programming language, suitable for building DeFi, NFT, gaming, and other applications.

The total supply of SUI tokens is fixed at 10 billion, with a distribution mechanism that includes: foundation reserves (33%), team and advisors (20%), early investors (14%), community and ecosystem incentives (20%), staking rewards (10%), and public sales (3%).

The token was launched in May 2023, with an initially low circulation, gradually released according to the unlocking plan. Its price is influenced by market supply and demand, the development of the public chain ecosystem, and the overall cryptocurrency market trends, so investors need to be aware of risks.