Why i am looking forward to Sui network?

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Thread🧵 on One of the most anticipated project for so many people : @SuiNetwork , a decentralized permissionless smart contract platform biased towards low-latency management of assets. built by mystenlabs.com #Sui

last month @mysten_labs raised $300mil Series B funding round led by @FTX_Official Ventures and included participation from new investors, like : @BinanceLabs , @coinbase Ventures and O’Leary Ventures, among other investment firms and partners. sui.io/resources-sui/raise-announcement/

The @mysten_labs team thinks they can build a better blockchain. As an example of one novelty to improve scalability, @SuiNetwork forgoes consensus for most transactions, allowing it to parallelize the execution of them and reduce latency, a technique known as “casual ordering.”

#Sui Tokenomics: Currently, the $SUI tokens has Four uses cases: 1. Gas Fees 2. Staking/ Validating 3. Storage Fund 4. Governance Team believe Sui’s capabilities are beyond the frontier of existing blockchain systems. medium.com/mysten-labs/announcing-sui-tokenomics-9cb829086e30

The community of @SuiNetwork is blowing up and people are joining the social media networks everyday, yesterday the discord server had some trouble dealing with the amount of people joining that's a good indication btw ! twitter.com/SuiNetwork/status/1582880451340869632

Not only the social community is growing fast , ventures been gaining to invest in the network rapidly as Series A Raised $36 Mil back in December 2021 led by @a16z with @SamsungNext , @lightspeedvp , @standardcrypto and redpoint.com medium.com/mysten-labs/introducing-mysten-labs-building-foundational-infra-for-web3-7e5ec3df1ccb

9 months later comes the Series B with $300 Mil led By @FTX_Official (FTX ventures) joined by the heavy Wights @coinbase ventures and @BinanceLabs and other investors.

the blockchain offers the #Sui Wallet which can be installed as a Google Chrome extension. The wallet empowers users to create addresses as well as manage their assets on the network. chrome.google.com/webstore/detail/sui-wallet/opcgpfmipidbgpenhmajoajpbobppdil

$SUI token performs 4 functions: -It can be staked to take part in the PoS. -pay gas fees to carry out transactions. -It is viewed as a liquid asset that underpins the entire #Sui blockchain economy. -It gives its holder a right to participate in on-chain voting.

if you want to try #sui network before the coin release you do that by joining the discord server and participate in so many events. also you can claim $SUI and trade some #NFT now on @BlueMoveNFT .

The #Sui blockchain will have to endure stiff competition from other blockchains, but it looks promising and its technical features, development approach, and aspirations seem to have hit it off with a number of blockchain evangelists. @SuiNetwork @mysten_labs