
Sui Name Service (SuiNS)
@SuiNSdapp
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Your web3 identity for all things Sui! Join us at https://t.co/dIHcfce327
Sui
Joined August 2022
The buyback and burn program is live π₯ 80% of all new name registrations and renewals will now contribute to burning $NS, with the remaining 20% sent to the DAO treasury Tokens will be purchased and burned automatically every day, with tracking coming on the SuiNS home page π
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We will shortly announce the date of the governance proposal to elect the new SuiNS Council team. The more voting power you have, the greater your share of the rewards pool π
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The earlier you voted, the longer your $NS has been staked for, and the more voting power you've accumulated Governance contributions should be rewarded as to strengthen the DAO, and this airdrop celebrates users who've been shaping the future of SuiNS with us π₯
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Anyone who voted on a SuiNS DAO proposal qualifies for retroactive rewards. Allocations will be based on: π³οΈ How many proposals you voted on βοΈ Your votes' consistency and timing ποΈ The date of your earliest vote
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Users who voted on previous proposals will receive their fair share of rewards for spooky season π» There will be no claim site, rewards will be distributed automatically as staked tokens with boosted voting power and visible on
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Devs are building heads down! Voting rewards are integrated in the staking platform, and will be active for future governance votes π³οΈ "Wen retroactive airdrop?" https://t.co/LnVKt5zxTC
Each proposal will have its own $NS pool Your rewards will be proportional to your voting power. The longer you stake or lock your tokens for, the higher your share π Those will be sent to your wallet at the end of the vote, and can be staked to further compound your votes π§
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Adding more utility to $NS has been one of our main focus since launch: ποΈ 25% discount on regs and renewals πΏ Boosted voting power with staking π₯ Supply decrease with buyback/burn And much more coming soon with SuiNS Communities, Profiles & Auction Service
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The buyback & burn contracts were deployed last week, with 80% of name registrations and renewals now used to burn $NS A new UI will be added to the homepage in the coming days to track purchases and burns. Supply is on a deflationary path π₯
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We launched staking last month, enabling users to boost their voting power and have greater control over the future of SuiNS Almost 25.5M tokens, or over 12% of the circulating supply, are currently being staked by 133k+ wallets πΏ
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You're probably reading this for the πͺ Let's first go over what we recently shipped and its impact on $NS going forward, before sharing details on the retroactive voting rewards airdrop
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A lot happened since we posted our H2 roadmap: staking, buyback & burn, voting rewards distribution... Grab a drink, get comfy, let's chat π₯€
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Intern getting ready for βwen voting rewards airdropβ comments under every single post
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25M $NS tokens are currently being staked by 131K+ wallets, that's over 12% of the circulating supply π§
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π¦ dApp Usage These will be based on your package interactions with different dApps. Are you more of a one-app maxi, or an ecosystem explorer?
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β¨ Net Worth Whether you parked your wealth in tokens, NFTs, DeFi, or all of them, you'll have 3 separate badges to flex your size π€ Activity Proudly show your token and NFT volume with these. Perfect to identify day traders, flippers, curators or rotators
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π₯· Sui Coin Cult $SUI, $DEEP, $WAL & $NS holders will join the cult with unique badges based on their token balances π§ Sui Altcoins Degens will shine as well! Alts with a $300k+ FDV, over 5% liquidity and $10k daily volume over the last 7D will be included here
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πΏ Wallet Age A quick glance at one's profile will be enough to spot seasoned users & OGs! Your experience may open new gated channels... π€ SuiNS Names True enthusiasts will have 2 badges to showcase both the size of their collection, and how long they've been a holder for
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Profiles' badges will enable new use cases including gated features and chats, wallet interactions, gaming and much more Let's dive into the badge categories π§
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SuiNS Profiles will be all about identity, embarking a new badge system for you to show who you really are π§ Whether you're an OG whale, Sui power user, DeFi farmer or long time name holder, express yourself onchain with verified badges
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