Sui Public Chain Latest News
Mysten Labs, founded by four former Meta engineers, announced its Layer 1 public chain project Sui in March 2022 and the economic model of its Token SUI in May. This indicator broadcasts the latest news on the Sui public chain.
Sui Releases SUI Token Allocation Details, 20% for Early Contributors
KingData News: The Sui Foundation released details of the SUI Token economics distribution, with 50% of the community reserve managed by the Foundation, 20% for early contributors, 14% for investors, 10% for Mysten Labs vaults, and 6% for community access programs and application testers, stating that "the Sui Foundation will make rewarding and distributing SUI Tokens to early Sui community members a top priority”.
Public Chain Sui Launches 3 New Payment Transaction Types
KingData News: Sui release introduces three new native transaction types and deprecates three existing methods. The new APIs—Pay, PaySui, and PayAllSui—effectively replace TransferSui, SplitCoin, and MergeCoin. The three older methods remain functional for the time being, and Sui will provide advanced notice to the community before removing them. These Payment methods provide greater ease-of-use and can support a variety of scenarios with less coin management overhead.
Sui Foundation Announces Initial Token Allocation and Other Information
KingData News: Layer1 public chain Sui Network retweeted the Sui Foundation's tweet about its role and plans. The Sui Foundation is now up and running, and in addition to the grant program, the Sui Foundation will be releasing more information about Sui's initial token allocation, the process for obtaining a Sui Foundation pledge mandate, and other ways for community members to access funds. On October 25, Sui Foundation's official website went live, and Sui launched its developer grant program and opened applications for it. Grants will range from $10,000 to $100,000, and additional SUI tokens may be awarded.
Sui Version 0.13.0 Will Implement a Major Change to Replace Subobjects With Dynamic Fields
KingData News: The public chain Sui has announced a major change for its 0.13.0 release, replacing the concept of subobjects with dynamic fields. The public chain Sui has announced a major change for its 0.13.0 release, replacing the concept of subobjects with dynamic fields. The team is still working on some parts of Dynamic Fields. To avoid errors in applications that use subobjects, Sui has also published a dynamic field migration guide for developers to change when Devnet is updated to 0.13.0.
Sui Will Soon Introduce the Smallest Unit of SUI Token, MIST, 1 SUI Equals 1 Billion MIST
KingData News: The public chain Sui announced the upcoming introduction of the smallest unit of UI Token, MIST, which is the smallest unit of SUI token. 1 MIST = 10^-9 SUI, which means 1 SUI is equal to 1 billion MIST. The introduction of MIST will offer better support for micropayments, including very low gas fees. Sui says users will soon see the new SUI and MIST value display logic in Sui Wallet and Sui Explorer very soon. On faucet, the allocated gas number will increase to 50,000,000, or 0.05 SUI.
Sui Will Hold the "Sui Builder House" in Lisbon on November 2nd and 3rd
KingData News: Sui, the public chain, has announced that it will hold a "Sui Builder House" in Lisbon on November 2-3, for which registration is now open. The event will introduce developers to the basics of the Sui blockchain and its smart contract language Move, and there will be a bonus contest.
Public Chain Sui Brand Upgraded to Suinami
KingData News: According to official news, public chain Sui has announced that it will upgrade its brand and change its name to Suinami, and now its official media profile has added "Get ready for the Suinami ". In previous news, Sui development team Mysten Labs closed a $300 million Series B round led by FTX Ventures.