KuCoin Selects SUI Token as 25th Spotlight Token, Driving Web3 Infrastructure Innovation

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.

Read More about AiThority Interview: AiThority Interview with Thomas Kriebernegg, Managing Director & Co-Founder at App Radar

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.

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.

 Latest AiThority Interview Insights : AiThority Interview with Joshua Wilson, Commercial Director, JAPAC at Crimtan

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).

Sui (or Sui Network) is the first Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that cater for the next billion users in web3. Sui is horizontally scalable to support a wide range of dApp development with unrivaled speed at low cost. The first-of-its-kind platform brings users a general-purpose blockchain with high throughput, instant settlement speeds, rich on-chain assets, and user-friendly web3 experiences. Sui is a step-function advancement in blockchain, designed from bottom up to meet the needs of the next billion users in crypto

AiThority Interview Insights: AiThority Interview with at Brian Sathianathan, Co-Founder and CTO at Iterate.ai

 [To share your insights with us, please write to sghosh@martechseries.com]