SUI Coin • The native asset of the Sui network is called S…

SUI Coin

• The native asset of the Sui network is called SUI, which is distinctively capitalized to differentiate it from the network itself.
• The total supply of SUI is limited to 10 billion coins, with some becoming liquid at the Mainnet launch and the remainder being vested or distributed as staking rewards over time.
• SUI can be staked to engage in the network's proof-of-stake consensus mechanism.
• SUI is necessary for paying gas fees associated with executing and storing transactions on the Sui network.
• SUI functions as a versatile asset, acting as a unit of account, medium of exchange, store of value, and enabling advanced functionalities through smart contracts.
• SUI coins are crucial for governance, empowering holders to vote on protocol upgrades and other important on-chain decisions.
• The limited supply of SUI must support growing economic activities as more users join the Sui platform, with a storage fund influencing the amount of SUI in circulation based on on-chain data needs.