Suia (SUIA): A Permissionless & High Performance DApp on Sui

There’s been a lot of buzz lately in the crypto market around Sui Network, due to its recent mainnet launch and token sale held with exchanges such as Bybit. This has also brought attention to Suia, a social network DApp (decentralized app) built on Sui Network. Suia stands apart from other social network platforms due to its personalized NFT recommendations, tailored Feed, Brand Club and composability spaces on Sui.

Excited to find out more about how you can enter the decentralized world and socialize with like-minded individuals on Suia? Read on, as we include everything you need to know about this project. 

Key Takeaways:

• Suia is a social network DApp built on Sui Network. It’s known for its personalized NFT recommendations, tailored Feed, Brand Club and composability spaces on Sui.
• SUIA tokens are the primary platform tokens of Suia. They are used for governance and as a reward to incentivize users to continue contributing to the Suia ecosystem.
• Bybit now offers SUIA tokens as part of its Bybit Launchpool. Commit BIT tokens to earn a share of 900,000 SUIA tokens.

What Is Suia?

NFT Recommendations

Source: Suia.io

One of the biggest highlights of Suia is its NFT Recommendations feature, which utilizes wallet data to make suggestions to users for NFTs that align with their specific interests. It functions similarly to TikTok's algorithm, so that if you enjoy dancing, for example, you'll be presented with an increasing amount of dance-related content. This will help you to discover NFTs that are more likely to catch your attention than others.

Suia's algorithm considers factors such as asset classification, consumer behavior, social connections, brand preferences and regional content in order to provide customized recommendations. Additionally, Suia supports a wide range of premium NFTs, such as Capy and SuiNS, allowing users to conveniently navigate the diverse Sui ecosystem in one location.

Feed

Source: Suia.io

The Feed feature serves as your go-to source for real-time updates to on-chain activities carried out by your favorite whales, creators, brands, collectors and traders. Suia currently enables you to Create, Claim, Like and Reward, and users can look forward to new functionalities when Suia integrates on-chain activities of other projects within its Feed. For example, you’ll be able to mint a SuiNS domain, purchase an NFT on Clutchy (Sui’s NFT marketplace) or customize a SuiBox (see below).

Brand Club

Source: Suia.io

The Brand Club houses exclusive communities based on NFT brands. Owning an NFT from a particular brand grants you access to one of these communities, where you can socialize and interact with other users who hold NFTs from the same brand. You’ll have the opportunity to experience exclusivity rights offered by brands, foster a sense of community and explore potential collaborations. Currently, there are already more than 80 brands actively participating, and it’s anticipated that the SUI ecosystem will witness the emergence of over 1,000 projects in the near future.

SuiBox

Source: Suia.io

Last but not least, SuiBox features an adaptable personal space that you can customize with NFTs that you own. Unleash your creativity and build a unique social experience that you can be proud of.

What Are SUIA Tokens?

SUIA is the primary utility token of Suia. You can purchase these tokens through Bybit. SUIA tokens are used mainly for governance, letting holders vote on proposals regarding the project’s future and development and giving them a voice regarding airdrop rewards, the amount of grants to allocate to development and strategic partnerships, and modifying the parameters of the ecosystem.

SUIA tokens will also be given out to contributors as an incentive to continue participating in the ecosystem.

SUIA Tokenomics

Source: Suia.io

Now that you have a better idea of how Suia works, let’s take a look at SUIA’s overall tokenomics. The maximum supply of 100 million SUIA tokens is distributed as follows: 

• 60% (60 million) allocated to the reserve 
• 20% (20 million) set aside for the team 
• 13% (13 million) reserved for early contributors 
• 7% (7 million) earmarked for the Community Access Program

Excited to be a part of the SUIA family and begin earning for your contributions to the ecosystem? Start investing today at Bybit Launchpool, where 900,000 SUIA tokens can be earned through committing BitDAO (BIT) tokens.

Are SUIA Tokens a Good Investment?

Web3 technology has been rapidly advancing over the past few years, and there’s no doubt that more users are interested in DApps in which the data is theirs to own. Suia is certainly a good place to start for those looking for a decentralized social network that’s open, powerful and user-driven. 

The team behind Suia has worked tirelessly, securing wins during the HCMC Sui Builder House MoveCTF and Sui Demo Day events and successfully receiving grants via the Sui Foundation’s Developer Grants Program and Sui Builder Hero Award. Due to its strong backing, Suia has experienced explosive growth in just 10 months of building, attaining over 320,000 users, 100 Sui brands and over 50,000 daily site visitors.

In March 2023, Suia also launched an NFT-coffee exchange system with the Sui Foundation at the Taipei & Kaohsiung Smart City Summit and Expo. This system allowed expo attendees to generate a wallet and an NFT, which can then be exchanged for a cup of coffee at a nearby coffee stand. This demonstrates the commitment to innovation of both the Suia and Sui Foundation teams.

With such dedication, it’s evident that Suia will be a social DApp to watch for, and that its SUIA tokens will be a good investment.

The Bottom Line

Overall, Suia’s SUIA tokens seem to be a great long-term addition to any crypto portfolio. The network’s unique innovations — NFT Recommendations, Feed, Brand Club and SuiBox — are certainly significant features, not only providing users with a personalized experience, but also giving them a platform to interact with like-minded individuals and form a community. 

We believe that Suia will continue to grow, and we look forward to the team’s innovations. Get in on this investment early by registering with Bybit and getting tokens through the Bybit Launchpool today!

#Bybit #TheCryptoArk