Anoop_145

#sui

The total supply of SUI tokens on Mainnet is capped at 10,000,000,000 SUI (ten billion). This is the total number of SUI that can ever be minted, but the total supply is not available for transactions. Supply availability follows the designed unlocking schedules in place to enhance the tokenomics stability of the network and provide a long-term level of security.

There is a finite supply of SUI. The balance must support all economic activities to scale as more and more people migrate to the Sui platform. In addition, the presence of a storage fund creates important monetary dynamics, in that higher on-chain data requirements translate into a larger storage fund, reducing the amount of SUI in circulation

#sui The term "tokenomics" is a combination of two words, “token” and “economics”, that is generally used to describe the economic principles and behaviors of a blockchain.

The “token” part of the tokenomics portmanteau refers to the native token (or native coin) of the blockchain. On Sui, the native coin is SUI, which acts as the currency of the network. SUI also pays for the computational cost of transactions (gas fees) and storage on the network

Sui uses a proof-of-stake (PoS) consensus mechanism. This means that validators (entities that validate transactions) lock up a certain amount of SUI as collateral (stake). They then earn rewards for processing operations. Users of the network hold their own SUI, which they can delegate to the validators of their choice as part of the validators' stakes. In so doing, the validators reward users based on the amount of SUI they delegate. Users are free to withdraw their SUI or to change their selected validator when the epoch changes.

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