Sui (SUI) is Now Available on INDODAX!

Using different consensus and transaction processing mechanisms, Sui aims to overtake other layer-1 blockchains. Rather than focusing on vertical scalability, Sui aims to quickly scale horizontally, leading to the promised high production output that sets this blockchain apart.

Sui (SUI) crypto asset is now available on INDODAX on the Mainnet network.

Want to know more about Sui (SUI)?

Get to know Sui (SUI) before buying. Read in full below!

Data and Information Sui (SUI) Token

Sui is a layer-1 blockchain with low latency and high production yield. Its instant transaction finality makes Sui a prime candidate for on-chain use cases like DeFi and GameFi. The blockchain is programmed in Rust, a programming language focusing on fast and secure transaction execution. Rust is also the programming language of Solana, another high-speed blockchain.

Sui aims to “serve the next billion users on web3” by offering decentralized application (Dapp) deployment with a superior smart contract architecture compared to rival blockchains like Ethereum. This blockchain uses a process called “transaction parallelization” to achieve this, which enables transaction processing in “parallel agreements.” This “horizontal scalability,” as Sui calls it, leads to better data organization in a byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism.

Founder of Sui (SUI)

A team of former Meta engineers founded Sui: Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias.

Before founding Mysten Labs, the company behind the Sui blockchain, this group of five worked in the Novi division. Mysten Labs has the backing of high-profile crypto VC funds such as a16z, which invested $36 million in a Series A fundraising in December 2021. Another $300 million Series B announcement followed, putting the company’s valuation at $2 billion. Funds that have stakes in Mysten Labs include Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and O’Leary Ventures.

Sui (SUI) Crypto Asset Ranking

As of January 30, 2024, the CoinMarketCap ranking of Sui (SUI) is #45, with a market cap of USD 1,784,112,79. It has a circulating supply of 1,100,947,215 SUI coins and a maximum supply of 10,000,000,000 SUI coins.

How to Buy Sui (SUI) Crypto Asset on INDODAX

Now that you’ve discovered more about Sui (SUI), you can start investing in Sui (SUI) crypto assets on INDODAX easily and securely by visiting the INDODAX website or downloading the INDODAX Mobile App from the App Store or Google Play Store on your device.

To buy Sui (SUI) crypto assets on INDODAX, follow the steps below:

Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
Then, deposit by reading how to deposit
After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
Search for SUI in the IDR market, and click to visit the crypto asset page
On the crypto asset page, enter the balance and desired SUI purchase price, or buy instantly at the current price
Next, you should wait for the price to increase for some time
Once the price increases, your assets can be sold at a higher price with the Instant method
If you use the Limit method, make sure to place a sell order after purchasing the asset and enter a higher sell number