Question 1

What is Sui?

Accepted Answer

Sui is a Layer 1, decentralised, permissionless smart contract platform developed by Mysten Labs. It is designed to support high-performance applications through parallel transaction execution and a unique object-based data model.

Sui uses the Move programming language, which enables secure and expressive smart contract development. Assets on Sui are represented as programmable objects that can be owned, mutated, transferred, or shared. This model allows developers to define complex ownership structures and rules directly at the programming level.

The Sui network is maintained by a permissionless set of validators that operate under a delegated proof-of-stake (DPoS) system. Transaction processing is split between fast-path operations—relying on Byzantine consistent broadcast for low-latency execution—and full Byzantine agreement for operations involving shared mutable objects. This structure enables high throughput while preserving safety and finality.

Epoch-based validator rotation and a native storage fund mechanism are implemented to ensure decentralisation and long-term sustainability of the system.

Question 2

What is SUI used for?

Accepted Answer

SUI is the native token of the Sui network and supports the following functions:

* **Gas Payments:** SUI is used to pay for transaction fees, which cover execution and storage. Transactions must specify a gas object containing SUI to be consumed during execution.

* **Staking:** Token holders can delegate SUI to validators who participate in consensus during fixed-length epochs. The delegated stake determines validator selection and reward allocation.

* **Validator Rewards:** Validators earn rewards in SUI based on their contribution to transaction processing. A portion of these rewards can be shared with delegators.

* **Storage Fund:** A fraction of transaction fees is deposited into a protocol-level storage fund. This fund subsidises the long-term costs of on-chain data, encouraging responsible data usage.

* **Governance:** SUI holders can participate in protocol governance. Although governance mechanisms are in early stages, token holders are expected to vote on upgrades and key network decisions. Delegated stake is a component of governance authority.

Question 3

Who Are the Founders of Sui?

Accepted Answer

Mysten Labs, the original contributor to Sui, was founded by former lead architects of Meta’s blockchain research team: 
* **Evan Cheng**, CEO of Mysten Labs, has an extensive background in platform development, with more than 24 years building developer-facing technology and leading engineering teams at companies such as Apple and Facebook. 
* **Adeniyi Abiodun**, CPO of Mysten Labs, has led engineering and product teams across Big Tech companies including Oracle, VMware and Facebook. He has led product teams within the blockchain industry for over 10 years. 
* **Sam Blackshear**, CTO of Mysten Labs, is a researcher and engineer specializing in programming language design, program verification, and developer tools. He is the creator of the Move smart contract language.
* **George Danezis**, Chief Scientist of Mysten Labs, is a Professor of Security and Privacy Engineering at University College London with over 20 years of experience working on peer-to-peer system security and privacy.
* **Kostas Chalkias** - Chief Cryptographer of Mysten Labs, has over 10 years of experience in lead cryptographer roles in many big tech companies, including Meta and R3.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SUI-USDT SUIUSDT	binance	AA	0.9171USDT	-2.42%	31,761,554.10SUI	220,974	0.9398USDT	0.9415USDT
2	SUI-USD SUI-USD	coinbase	AA	0.9153USD	-2.49%	13,937,070.70SUI	20,060	0.9387USD	0.9401USD
3	SUI-USDT SUI_USDT	gateio	A	0.9172USDT	-2.39%	9,046,040.72SUI	36,276	0.9397USDT	0.9412USDT
4	SUI-USDT SUI_USDT	whitebit	BB	0.9169USDT	-2.40%	8,644,035.17SUI	26,755	0.9394USDT	0.9414USDT
5	SUI-USDT SUIUSDT_SPBL	bitget	BB	0.9169USDT	-2.41%	7,686,054.43SUI	24,796	0.9395USDT	0.9412USDT
6	SUI-USD SUIUSD	kraken	AA	0.9158USD	-2.42%	6,907,034.81SUI	8,377	0.9385USD	0.9390USD
7	SUI-USDT SUI-USDT	okex	A	0.9171USDT	-2.37%	6,719,622.41SUI	41,155	0.9394USDT	0.9413USDT
8	SUI-USDC SUIUSDC	binance	AA	0.9162USDC	-2.37%	6,634,321.50SUI	27,560	0.9384USDC	0.9402USDC
9	SUI-USDT SUI-USDT	kucoin	BB	0.9168USDT	-2.45%	5,310,868.90SUI	16,202	0.9398USDT	0.9413USDT
10	SUI-USDT SUIUSDT	bybit	A	0.9171USDT	-2.39%	3,783,339.08SUI	33,636	0.9396USDT	0.9414USDT
11	SUI-TRY SUI_TRY	whitebit	BB	45.60TRY	-2.48%	1,370,357.70SUI	5,155	46.76TRY	46.81TRY
12	SUI-WBT SUI_WBT	whitebit	BB	0.01189WBT	-1.33%	1,275,337.37SUI	4,337	0.01205WBT	0.01206WBT
13	SUI-USDC SUI-USDC	okex	A	0.9157USDC	-2.35%	1,202,035.88SUI	9,491	0.9377USDC	0.9403USDC
14	SUI-USDC SUI_USDC	whitebit	BB	0.9179USDC	-2.18%	1,133,422.06SUI	2,837	0.9384USDC	0.9402USDC
15	SUI-EUR SUIEUR	kraken	AA	0.8167EUR	-2.54%	1,004,482.62SUI	2,737	0.8380EUR	0.8395EUR
16	SUI-TRY SUITRY	binance	AA	45.56TRY	-2.44%	618,950.20SUI	3,913	46.70TRY	46.78TRY
17	SUI-USDC SUIUSDC	bybit	A	0.9168USDC	-2.21%	589,182.36SUI	2,349	0.9375USDC	0.9395USDC
18	SUI-USD SUIUSD	cexio	BB	0.9170USD	-2.24%	536,072.32SUI	758	0.9380USD	0.9390USD
19	SUI-USD SUI_USD	cryptodotcom	AA	0.9152USD	-2.44%	487,204.10SUI	14,168	0.9381USD	0.9401USD
20	SUI-USD suiusd	bitstamp	AA	0.9167USD	-2.26%	464,956.20SUI	1,311	0.9379USD	0.9392USD
21	SUI-JPY SUIJPY	binance	AA	143.64JPY	-2.57%	448,569.34SUI	4,768	147.43JPY	147.63JPY
22	SUI-EUR SUI-EUR	okex	A	0.8159EUR	-2.69%	254,390.62SUI	2,143	0.8386EUR	0.8397EUR
23	SUI-USDT SUI_USDT	cryptodotcom	AA	0.9167USDT	-2.32%	218,299.20SUI	13,433	0.9385USDT	0.9412USDT
24	SUI-EUR SUI_EUR	whitebit	BB	0.8168EUR	-2.55%	195,685.00SUI	893	0.8382EUR	0.8393EUR
25	SUI-FDUSD SUIFDUSD	binance	AA	0.9194FDUSD	-2.30%	145,821.30SUI	1,823	0.9410FDUSD	0.9429FDUSD
26	SUI-USD1 SUIUSD1	binance	AA	0.9169USD1	-2.71%	145,122.50SUI	490	0.9424USD1	0.9424USD1
27	SUI-BTC SUIBTC	binance	AA	0.0₄1148BTC	-1.20%	107,944.60SUI	391	0.0₄1162BTC	0.0₄1163BTC
28	SUI-BTC SUI_BTC	whitebit	BB	0.0₄1145BTC	-1.21%	107,061.00SUI	278	0.0₄1159BTC	0.0₄1164BTC
29	SUI-EUR suieur	bitstamp	AA	0.8195EUR	-2.16%	71,414.82SUI	414	0.8376EUR	0.8376EUR
30	SUI-GBP SUIGBP	kraken	AA	0.6842GBP	-2.77%	65,101.55SUI	328	0.7037GBP	0.7037GBP
31	SUI-USDC SUI_USDC	gateio	A	0.9153USDC	-2.48%	53,673.90SUI	629	0.9386USDC	0.9400USDC
32	SUI-BRL SUIBRL	binance	AA	4.99BRL	6.17%	61,098.90SUI	322	4.70BRL	4.99BRL
33	SUI-EUR SUIEUR	binance	AA	0.8193EUR	-2.25%	45,114.10SUI	198	0.8382EUR	0.8384EUR
34	SUI-USD SUIUSD	bitfinex	BB	0.9186USD	-2.30%	36,368.24SUI	424	0.9402USD	0.9402USD
35	SUI-USD SUI_USD	gateio	A	0.9184USD	-2.11%	32,934.97SUI	324	0.9382USD	0.9384USD
36	SUI-USDT SUIUST	bitfinex	BB	0.9226USDT	-1.65%	28,029.45SUI	124	0.9381USDT	0.9383USDT
37	SUI-USDC SUIUSDC	bullish	AA	0.9133USDC	-2.63%	18,161.45SUI	73	0.9380USDC	0.9380USDC
38	SUI-IDR SUIIDR	binance	AA	16,635.00IDR	-2.15%	17,936.62SUI	162	17,000.00IDR	17,014.00IDR
39	SUI-TRY SUI-TRY	okex	A	45.66TRY	-1.49%	16,272.16SUI	90	46.35TRY	46.68TRY
40	SUI-USD suiusd	gemini	A	0.9219USD	-1.73%	14,496.83SUI	1,591	0.9381USD	0.9396USD
41	SUI-USDC SUIUSDC_SPBL	bitget	BB	0.9178USDC	-2.21%	13,733.70SUI	1,017	0.9385USDC	0.9387USDC
42	SUI-USD SUIUSD	hashkey	A	0.9171USD	-2.20%	11,367.02SUI	364	0.9377USD	0.9391USD
43	SUI-USDC SUI-USDC	kucoin	BB	0.9224USDC	-1.66%	9,304.90SUI	110	0.9380USDC	0.9390USDC
44	SUI-USD1 SUI_USD1	gateio	A	0.9167USD1	-2.33%	7,401.39SUI	71	0.9386USD1	0.9400USD1
45	SUI-U SUIU	binance	AA	0.9178U	-2.34%	5,285.40SUI	147	0.9398U	0.9398U
46	SUI-USDT SUIUSDT	cexio	BB	0.9152USDT	-2.43%	4,645.77SUI	12	0.9380USDT	0.9380USDT
47	SUI-EUR SUIEUR_SPBL	bitget	BB	0.8175EUR	-2.28%	3,275.64SUI	609	0.8366EUR	0.8395EUR
48	SUI-USDC SUIUSDC	cexio	BB	0.9221USDC	0.96%	2,050.00SUI	6	0.9132USDC	0.9221USDC
49	SUI-BTC SUI_BTC	cryptodotcom	AA	0.0₄1141BTC	-1.28%	239.30SUI	16	0.0₄1156BTC	0.0₄1156BTC
50	SUI-USDT sui_usdt	xtpub	-	0.9171USDT	-2.42%	12,609,858.60SUI	16,460	0.9398USDT	0.9413USDT