The use of the NS token will begin with purchasing domain names and governance, and will continue to expand as SuiNS develops.

SuiNS is gradually achieving the decentralization of the protocol, with the NS token playing a core role in this transformation, set to officially launch on November 14. As the platform evolves, NS provides direct utility to community members, enabling them to participate in governance decisions that influence the future of the protocol. By being used for voting on proposals and setting development priorities, NS brings real value to users participating in the platform.

? SuiNS: https://suins.io

Uses of NS Token

The NS token is a key asset in the SuiNS ecosystem, designed to enhance the utility of the protocol and provide users with rights beyond simple holding. NS holders can enjoy the following features, making participation in the protocol more meaningful and rewarding, driving interaction and enhancing community cohesion.

Governance Participation

NS is at the core of SuiNS protocol governance, giving holders a direct voice in key development decisions. By locking NS, holders can increase their influence, gaining an additional 10% voting power for each month locked, with a maximum lock period of 12 months. This mechanism encourages long-term active participation and allocates voting rewards to participants, further incentivizing community-driven governance.

Proposals require at least 1% of the initial circulating NS to participate in order to be considered valid, ensuring basic community involvement and enhancing the legitimacy of the outcomes. Through this process, NS not only strengthens the integrity of the protocol but also rewards users who help shape the future of SuiNS.

Using NS to Purchase Domain Names

In addition to governance, NS can also be used to purchase SuiNS domain names at a discounted price. This feature allows community members to acquire domain names for a fixed number of tokens, ensuring price stability and predictability without worrying about future premiums.

Future Use Cases

SuiNS is expanding powerful new features to enhance the value of Web3 identity services. As these new features are implemented, the uses of NS will also increase, providing community members with more ways to actively participate in the development of SuiNS. By engaging actively, users can help drive innovations that enhance the utility of NS and build an ecosystem that serves users in the long term.

Shaping the Future of Web3 Identity

SuiNS is committed to becoming a fully decentralized Web3 domain service, with NS being a core element of this transition. Community members holding NS gain a voice in the evolution of the protocol, influencing the direction and strategic decisions of SuiNS through governance voting. This not only hands governance directly to users but also aligns the development of SuiNS with community interests, laying the foundation for shared growth and innovation in Web3 identity.

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