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What is Sui Name Service

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What is Sui Name Service (NS)?

Sui Name Service basic info

Name:Sui Name Service

Ticker:

NSBuy now

Introduction:

What Is Sui Name Service?

Sui Name Service (SuiNS) is a decentralized name service on the Sui blockchain, designed to simplify blockchain interactions and build on-chain identities. Instead of relying on lengthy, complex wallet addresses, users can register readable and memorable names, such as YourName.sui. This makes sending and receiving assets more user-friendly while reducing errors during transactions.

SuiNS allows users to create personalized identities that integrate seamlessly across Web3 platforms, such as wallets, DeFi protocols, NFT marketplaces, and gaming applications. The platform combines usability with decentralized governance, ensuring users have control over their names and the ecosystem's evolution.

How Sui Name Service Works

Sui Name Service operates through a straightforward process of name registration, customization, and integration:

Name Registration: Users can search for and register unique names through the SuiNS platform. Names are owned for one year and can be renewed for up to five years. Once registered, names can be linked to wallet addresses or decentralized content hosted on IPFS.
Customization: Users can add NFT avatars to personalize their names. Names can also be associated with subnames or additional wallet addresses, offering flexibility for both individuals and businesses.
Decentralized Integration: SuiNS names are interoperable across various blockchain applications, including wallets, decentralized finance (DeFi) platforms, and NFT projects. This makes SuiNS a practical choice for users seeking a consistent identity throughout the Web3 ecosystem.
Governance: The platform is fully decentralized, with its governance managed by the NS token. Changes to the protocol, such as updates or treasury allocations, are determined through community voting.

What Is NS Token Used For?

The NS token powers the governance and utility of Sui Name Service (SuiNS), with a total supply of 500 million tokens. It enables token holders to vote on protocol decisions such as upgrades and treasury allocations, ensuring community-driven management. Staking NS increases voting power, rewarding active participation.

Beyond governance, NS tokens can be used to purchase SuiNS names at discounted rates. Additionally, users earn NS as rewards for participating in governance votes, reinforcing its role in fostering a decentralized and engaged ecosystem.

Is Sui Name Service Safe?

Sui Name Service (SuiNS) employs a decentralized framework to manage its operations and governance, which contributes to its security. All protocol updates, treasury allocations, and governance decisions are controlled through community voting and recorded on-chain. This approach ensures that changes are transparent and reflect the collective input of token holders, reducing the risk of centralized control or unauthorized modifications.

The platform utilizes the Sui blockchain’s object-oriented design, which allows contract upgrades to be managed as on-chain objects. This ensures that updates can only occur after community approval, providing an additional layer of transparency and control. While SuiNS incorporates measures to enhance security, users should exercise caution by following standard blockchain practices, such as securing private keys and verifying transactions, to minimize potential risks.

Conclusion

Sui Name Service is a practical tool for building on-chain identities and simplifying blockchain interactions. With a decentralized governance model powered by the NS token, it provides a user-friendly way to integrate personalized names across the Web3 ecosystem. For new investors and users, SuiNS offers a straightforward, secure, and interoperable solution to navigating the complexities of blockchain technology.

Investors should explore the ecosystem further to understand its full potential and risks before making financial decisions.

Current price:

$0.2185More price details

All-time high:$0.5834

All-time low:$0.1791

NS supply and tokenomics

Circulating supply:150,000,000 NS

Total supply:500,000,000 NS

Max supply:500,000,000 NS

Market cap:$32.78M

Fully diluted market cap:$109.27M

Links

Website:https://www.suins.io

X:https://twitter.com/suinsdapp

Buy Sui Name Service for $1Buy NS now

What is the development prospect and future value of NS?

The market value of NS currently stands at $32.78M, and its market ranking is #801. The value of NS is not widely recognized by the market. When the bull market comes, the market value of NS may have great growth potential.

As a new type of currency with innovative technology and unique use cases, NS has broad market potential and significant room for development. The distinctiveness and appeal of NS may attract the interest of specific groups, thereby driving up its market value.

What will the price of NS be in 2025?

Based on NS's historical price performance prediction model, the price of NS is projected to reach $0.3424 in 2025.

What will the price of NS be in 2030?

In 2030, the NS price is expected to change by -18.00%. By the end of 2030, the NS price is projected to reach $0.3969, with a cumulative ROI of +54.82%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of NS and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

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Is NS worth investing or holding? How to buy NS from a crypto exchange?

If you want to buy NS, the following information may be helpful for your investment decisions:

In the last 7 days, the price of NS has fallen by -26.15%, leading to negative returns for most NS investors. The market is currently pessimistic about the price trend of NS.

It is important to note that the current price of NS has retreated by -62.54% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether NS is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in NS or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of NS, if you want to buy or sell NS, you can consider Bitget for your trading needs. The best place to buy NS is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Sui Name Service has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Sui Name Service. Here's a step-by-step guide on how to buy Sui Name Service on Bitget.

Buy NS now Coin buying guide

How to get Sui Name Service through other methods？

Using cash to buy Sui Name Service is not the only way to obtain Sui Name Service. If you have the time to spare, you can get Sui Name Service for free.

Learn how to earn Sui Name Service for free through the Learn2Earn promotion.

Earn free Sui Name Service by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Sui Name Service airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Sui Name Service through Bitget Convert, Bitget Swap, or spot trading.

What is Sui Name Service used for and how to use Sui Name Service?

The use case of Sui Name Service may expand as the crypto market and the project itself develop. Currently, you can use NS to achieve the following goals:

Arbitrage by trading NS: Since NS is a frequently traded cryptocurrency, the price of NS is always fluctuating. Earn more NS by buying low and selling high on the exchange. Bitget spot market provides a variety of NS trading pairs to fully meet your needs.

Earn by staking NS: You can also generate income through financial management methods such as staking NS or lending NS. Bitget Earn offers a variety of financial products designed to help you earn more income from your NS.

Send or pay NS: If you want to give NS to your friends, a charity, or a fundraiser, or you want to pay someone with NS, you can quickly and easily send NS to the recipient through their payment address.

You can also go to the official website of the Sui Name Service project to learn more about the use cases of NS. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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