What is Sui (SUI)?
Sui is a layer-1 blockchain that is designed to enable developers to create web3 experiences for a large number of users. Sui offers scalability and low-latency for simple use cases, and uses a unique data model to allow parallel agreement on transactions. Sui was introduced in 2022 and it aims to be the first internet-scale programmable blockchain platform. SUI, the native token of the blockchain, is scheduled to be released in the first half of 2023.
How Sui (SUI) Works
Sui blockchain is designed to optimize simple transactions, allowing them to be processed quickly without the need for consensus. Transactions are validated individually and not grouped together, which helps reduce latency. Sui does use a consensus protocol called Narwhal, but only to validate transactions involving shared objects. In Narwhal, everyone needs to agree on the rules. If someone tries to cheat or break the rules, the group will notice and the process won't continue until everyone agrees on what to do. This helps make sure that the transactions are secure and everyone can trust the network.
The unique design of SUI allows for parallel processing of transactions that are independent of each other, which makes the blockchain highly scalable and efficient.
Sui's native token, SUI, is used to pay for gas and is also used as delegated stake on validators.
How Many Sui (SUI) Tokens Are in Circulation?
As SUI is not released, the data on its supply is not tracked.
How to Buy Sui (SUI)
Consider investing in Sui (SUI)? It only takes 2 minutes to create an account on Bitget and start trading SUI.
Check out how to get SUI on Bitget here!
Sui (SUI) Resources
Simple 3-step guide to buying SUI today in Philippine
Create your free Bitget account
Select a funding method
Complete your Sui purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Sui using a payment method of your choice:
Buy Sui with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Sui order.
How to buy crypto with credit/debit cardBuy Sui with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Sui is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Sui order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Sui order.Buy Sui with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Sui order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Sui in your Bitget spot wallet
Bitget—where the world trades Sui
How to buy Sui for free
- Learn how to earn Sui for free through the Learn2Earn promotion
- Earn free Sui by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Sui airdrops by joining On-going challenges and promotions
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FAQ
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The Philippines (officially the Republic of the Philippines) is a Southeast Asian archipelago of approximately 7,641 islands. The Philippines has a population of 110 million and is also the second country in Southeast Asia that has a population exceeding over 100 million. The Philippines also has a long history of colonized rule; it was ruled by Spain, the US, and Japan, which created a rich and spanning history in the Philippines.
The official languages in the Philippines are English and Filipino, so you can easily enjoy the service on Bitget as it is fully supported in English regardless of Bitget app or website. The Philippine peso (PHP) is the country's currency, and you can use PHP to buy Sui(SUI) on our P2P, spot, and futures trading right away on Bitget. Whether you are in Manilla, Quezon City, or Davao City, Bitget is ready to serve you with any cryptocurrency needs with the best trading experience.
The Philippines is also famous for its incredible diving spots that attract thousands of divers to the country each year. One of the most well-known diving spots in Coron Town, it is the largest town on Busuanga Island. Its beautiful beaches are surrounded by limestone cliffs. The unique terrain attracts many tourists every year. In particular, 14 well-known World War II wrecks have been preserved, and the remains can be found at a depth of 5 to 40 meters, and each ship is about 100 to 200 meters long.