Sui Name Service, a naming service provider platform for Web3 projects is reportedly transforming into a decentralized protocol. Today, Sui Name Service (SuiNS) shared this exclusive news through a social media platform that SuiNS is turning into a decentralized protocol. SuiNS claims to be taking this bold step for the sake of accessibility and openness.
Core Objectives of SuiNS Turning into Decentralized Protocol
SuiNS believes that Web3 names should be publicly good and easy to remember instead of long scripts of letters and numbers. To make that happen, SuiNS is transitioning into a decentralized protocol. SuiNS aims to simplify the wallet addresses of the Sui community and would enable them to choose memorable and easy names and to get rid of long scripts of the digits and symbols.
SuiNS is starting its journey as a decentralized protocol by giving the authority in the community’s hands to decide the future of the protocol through $NS Token. Through SuiNS’ native token, it would be convenient for people to decide the future and direction of SuiNS.
SuiNS Allows the Community to Direct SuiNS Through its $NS Token
The core purpose of launching a native $NS token is to ensure the factor that the future of SuiNS lies in the hands of its users. $NS Token will help the platform with governance by enabling the stakeholders to participate in decision-making by means of on-chain voting.
This first $NS Token distribution happened today in the form of an NFT named SuiNS(NS) Airdrop. Users would be able to unwrap this delivered NFT to get $NS Token at the decided time. But, before the time comes, users can checkout and calculate the amount of $NS Tokens they will get.
