SuiNS Token Listing on MEXC on November 14: Check $NS Tokenomics

SuiNS Token Listing on MEXC: Comprehensive Overview of Tokenomics and Key Dates

In an exciting development for the cryptocurrency world, SuiNS ($NS), the innovative digital identity project, is set to make its debut on the MEXC exchange on November 14, 2024. This listing will see the $NS/USDT trading pair available in the Innovation Zone, marking a significant milestone for the project. With the deposit window already open, users can prepare for trading, with withdrawals set to become available starting on November 15, 2024, at 11:00 UTC.

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The MEXC listing is a key moment in SuiNS’s journey, designed to increase accessibility to the token and further establish its presence within the growing crypto space. As the platform expands, the listing aims to build broader awareness for the SuiNS ecosystem and create new opportunities for the community.

What is SuiNS?

SuiNS, short for Sui Name Service, is an ambitious project that aims to revolutionize digital identity management. Built on the Sui blockchain, the platform allows users to manage and register domain names in a decentralized environment. The launch of the $NS token is a pivotal moment for the project, as it signals the platform's shift toward full decentralization. This move empowers the community not only to engage with the system but to participate actively in governance decisions and protocol development.

As a project, SuiNS represents the next generation of domain services, offering greater security, control, and transparency compared to traditional domain name systems. By leveraging blockchain technology, SuiNS ensures that users retain full ownership and control of their digital identities, which is increasingly crucial in today’s online world.

Airdrop and Token Claim Process

Ahead of the token listing, SuiNS is also facilitating an airdrop to reward early supporters of the project. A total of 183,369 NFT holders who participated in the SuiNS airdrop will be able to claim their $NS tokens on the official claim site. The site will be made available to users before the end of the launch day to ensure a smooth and streamlined process for all participants.

This airdrop is a key component of SuiNS's efforts to incentivize early involvement and reward loyal supporters. With the claim window set to coincide with the token’s listing date, users are encouraged to act quickly to secure their tokens as the project moves toward its full launch.

Detailed Tokenomics of SuiNS ($NS)

The tokenomics behind SuiNS are designed to support the project’s long-term development and ensure that the community remains at the heart of its ecosystem. With a total supply of 500 million $NS tokens, the distribution model is carefully structured to align with SuiNS’s goals of decentralization and sustainability.

Here’s a breakdown of the token distribution:

• 57% allocated to Community and Foundation Treasuries: This substantial allocation ensures that the project has the financial resources to fund future development and continue to expand the ecosystem. The treasury will be used to support protocol upgrades, new features, and other initiatives that benefit the community in the long run.
• 10% reserved for Community Airdrop: These tokens are specifically set aside for the active participants who have contributed to the growth of the Sui Name Service ecosystem. This allocation rewards those who have played a role in advancing the project and builds strong community ties.
• 28% for Core Contributors: Early backers, founders, and team members will be rewarded with 28% of the total supply. These tokens will be vested over a three-year period with a one-year cliff, ensuring that contributors remain aligned with the project’s long-term goals. This structure incentivizes early support while ensuring that core contributors stay committed to SuiNS’s continued success.
• 5% for Governance Rewards: This portion of the token supply will be used to encourage community participation in governance. Token holders can engage in voting and decision-making processes that directly impact the future development of the Sui Name Service protocol.

What’s Next for SuiNS?

The MEXC listing is only the beginning for SuiNS. The team behind the project is focused on building a decentralized platform that empowers users with complete control over their digital identities. In the coming months, further updates are expected, including the introduction of new features that enhance the functionality and usability of the platform.

The SuiNS token's listing on MEXC is expected to spark increased demand, providing a strong foundation for the token's price and future development. As more users engage with the platform, the demand for $NS tokens is likely to rise, potentially driving up the token’s value in the process.

SuiNS’s long-term vision is to create a robust ecosystem where users can manage, buy, sell, and transfer digital identities in a secure and decentralized manner. The upcoming token listing and ongoing community-driven initiatives are key to realizing this vision and setting SuiNS apart as a leader in the blockchain-powered digital identity space.

Conclusion

SuiNS’s listing on MEXC exchange marks a critical turning point for the project, allowing it to extend its reach to a broader audience and encourage active participation within its decentralized ecosystem. The strategic tokenomics model and airdrop reward structure highlight the project's commitment to community involvement and long-term growth.

As the $NS token becomes tradable on MEXC, attention will be on its market performance and the development of the platform's features. With a clear focus on decentralization and the management of digital identities, SuiNS is poised to make a significant impact on the future of the blockchain industry.

Source: CoinChapter

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HokaNews Launches New Telegram Channel for Latest Airdrops

HokaNews has officially launched its new Telegram channel, HokaNews Airdrop, designed to provide the latest updates on airdrops and collaborative earning opportunities. The channel aims to keep the community informed and engaged without charging any fees.

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Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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