Sui Blockchain’s Native Token, SUI, Chosen as KuCoin’s 25th Spotlight Token

KuCoin, a global top-5 crypto exchange platform, is excited to announce that SUI token has been chosen as the 25th Spotlight Token. SUI token is the native token of Sui blockchain, a new layer 1 blockchain network that is horizontally scalable to support a wide range of dApp development with unrivaled speed at low cost.

The Sui network is a boundless platform to build rich and dynamic on-chain assets while providing instant settlement and high throughput. Sui’s unique features and programming language have solved the problems of scalability, security, and gas fees. The high scalability of the Sui network is built on two main innovations: the Move programming language and the Narwhal-Bullshark consensus algorithm. Move is a native programming language used to develop applications in the Sui blockchain, while Narwhal-Bullshark separates data transmission from the transaction consensus process, solving the problem of mempool consensus in traditional blockchain designs.

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SUI Token is the native token of the Sui blockchain with four main functions, including staking and participating in PoS consensus, paying gas fees for transactions, acting as a medium of exchange, and allowing SUI token holders to participate in on-chain voting.

KuCoin’s Spotlight Token Program selects high-quality blockchain projects and aims to help the selected projects achieve long-term success. KuCoin is excited to announce that the 25th Spotlight Token Sale* featuring SUI will take place on April 14, 2023 (UTC).

For more information on the SUI Spotlight, click here. You can also secure an additional ticket for the SUI token sale on KuCoin Spotlight and win USDT rewards by inviting new users. The format for token sales is outlined on the KuCoin website.

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