1. Project introduction

Sui is a boundless platform to build rich and dynamic on-chain assets from gaming to finance.

Sui is a smart contract platform maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems.

Sui offers scalability and unprecedented low-latency for simple use cases. Sui makes most transactions processable in parallel. This better utilizes processing resources and offers the option to increase throughput by adding more resources. Sui forgoes consensus to instead use simpler and lower-latency primitives for simple use cases, such as payment transactions and assets transfer. This is unprecedented in the blockchain world and enables a number of new latency-sensitive distributed applications ranging from gaming to retail payment at physical points of sale.

Sui is written in Rust and supports smart contracts written in Sui Move—a powerful asset-centric adaptation of Move for the Sui blockchain—to define assets that may have an owner. Sui Move programs define operations on these assets, including: custom rules for their creation, the transfer of these assets to new owners, and operations that mutate assets.

Sui highlights:

· Unmatched scalability, instant settlement

· A safe smart contract language accessible to mainstream developers

· Ability to define rich and composable on-chain assets

· Better user experience for web3 apps

· Narwhal and Bullshark DAG-based mempool and efficient Byzantine Fault Tolerant (BFT) consensus

2. Team introduction

Co-Founder & CEO of Mysten Labs: Evan Cheng, who creates foundational web3 infra Sui Network

Co-Founder & CPO of Mysten Labs: Adeniyi Abiodun, who launches Sui Network

3. Investment institution

a16z , FTX, Coinbase Ventures, NFX, Slow Ventures, Scribble Ventures, Samsung NEXT, Lux Capital

4. Application and distribution

Token application:

SUI has four applications:

(1) Being mortgaged to participate in the proof of stake (PoS).

(2) Paying Gas fees to carry out transactions and other operations.

(3) Supporting the functions and liquid assets of the entire Sui economy.

(4) Participating in online voting to play an important governance role.

Token allocation:

The community reserves managed by the foundation: 50%

Early contributors: 20%

Investors: 14%

Mysten lab vault: 10%

Community access planning and application testers: 6%