Decentralized Token Economy Model for SuiN's Domain Service SuiNS Launched
Publication Time:2024-08-09 23:11:08
SuiN's domain service SuiNS announced its new decentralized token economy model within the Sui ecosystem, aimed at boosting the platform's governance efficiency and encouraging community participation. Under this model, 57% of the NS tokens will be allocated to the treasury, primarily for funding the expansion, feature updates, and maintenance of the SuiNS platform. Simultaneously, 28% of the NS tokens will be directly rewarded to core team members and early supporters who have contributed to the protocol's development. Notably, SuiNS has decided to airdrop 10% of the NS tokens to community members who interact with the protocol, incentivizing a broader user base to participate in the protocol's construction. Lastly, the remaining 5% of the NS tokens will be reserved for future actively engaged users in SuiNS governance, ensuring the sustainability of its economic incentives. This innovative economic model not only highlights SuiNS' emphasis on community-driven development but also provides a governance model that other projects within the Sui ecosystem can learn from.
SuiNS
Decentralized Protocol
NS Token Economy Model