Question 1

What is SuiNS Token (NS)?

Accepted Answer

The Sui Name Service (SuiNS) is a decentralised platform on the Sui blockchain that allows users to register human-readable names for their wallet addresses, smart contracts, and decentralised applications, simplifying blockchain interactions.

The NS token is the native utility and governance token of the Sui Name Service (SuiNS). It empowers the community by enabling token holders to participate in decision-making processes that influence various aspects of the SuiNS protocol and its development.

Question 2

What is SuiNS Token (NS) used for?

Accepted Answer

The NS token serves multiple purposes within the SuiNS ecosystem:

* **Governance:** NS token holders can vote on proposals that determine the platform's future, including updates, feature additions, and resource allocation, ensuring a decentralised decision-making process.

* **Incentives:** The token is used to encourage community participation by rewarding users who engage in governance and voting activities.

* **Utility:** NS tokens facilitate interactions within the SuiNS ecosystem, such as acquiring and managing domain names and other platform features.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	NS-USDT NSUSDT	bybit	A	0.01055USDT	-4.95%	4,632,838.00NS	1,014	0.01110USDT	0.01128USDT
2	NS-USDT NSUSDT_SPBL	bitget	BB	0.01058USDT	-4.60%	726,512.81NS	651	0.01109USDT	0.01143USDT
3	NS-USDT NS_USDT	gateio	A	0.01059USDT	-5.06%	65,237.00NS	36	0.01115USDT	0.01124USDT
4	NS-USDT NS-USDT	kucoin	BB	0.01052USDT	-6.07%	36,720.60NS	32	0.01120USDT	0.01123USDT
5	NS-USDT NSUSDT	toobit	C	0.01057USDT	-4.63%	4,908,669.00NS	4,356	0.01109USDT	0.01126USDT
6	NS-KRW NS_KRW	coinone	C	14.45KRW	0.00%	0NS	0	14.45KRW	14.45KRW
7	NS-USDC NS_USDC	backpack	C	0.04384USDC	0.00%	0NS	0	0.04384USDC	0.04384USDC