We’re super excited to speak about this project today – Sui Name Service aka $SNS.
We know there are some similar ones in the space… Why don’t we make things clear?
Introduction
SNS – is a project being built by giga enthusiast Anthony, a full-stack developer who has loved games from the childhood, now aims to build a gamified protocol by his own. Being doxed and having a registered USA-based company is kinda cool, isn’t it?
SNS – a community-owned decentralized identity platform. Think of it as a crypto analogue of Steam or Google accounts. Of course, built on Sui only.
The project is split into the phases and aims to build:
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A gamified Name Service on Sui;
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A decentralized profile platform (hmm, sounds like Link3 but on Sui?);
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An encrypted messenger;
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A community-oriented DAO;
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More to be revealed…?
Let’s go through the plans in details.
Phase 1 – Sui Name Service
You’re probably aware of the idea. Users can register a domain name which can be used instead of non-friendly wallet address. We saw it on Ethereum first, later on the other blockchains too. So what makes this protocol unique?
We guess the answer lies in the vision – the team is trying to build a truly community-owned protocol, making a strong accent on “community” every time (for real, even too much lol). At first phase, the team aims to:
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Build up the $SNS community;
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Release the name service & resolver extension;
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Raise enough funds to continue development.
Currently, you can apply for the whitelist here.
Phase 2 – Profiles
At this stage, each owner of the “.sui” domain will have a web3 profile – a friendly way to display your NFTs or PFP, link you socials and… more features to be revealed.
Moreover, the JavaScript integration should be brought during this phase, which means potential partners will be able to integrate SNS as a way to “sign in” into their applications.
Quoting the team:
“This will allow partners to easily integrate our service with a variety of different applications and finally create the necessary infrastructure for some companies to create social-based products.”
Phase 3 – Services
Imagine a friendly extension where you can chat with your NFT folks directly using your “.sui” names. Completely encrypted and untraceable, btw.
There isn’t a lot of info yet, since this phase is quite far away. Probably, there will be more ideas on how to expand this social application.
Phase 4 – Governance
At first, quote:
“We are going to reward all of the people who have supported us thus far and helped make the $SNS a reality – the community.”
Now, details:
There will be SNS DAO and respectively – $SNS token. The interesting thing is that 25% of the total supply is dedicated to community (even more to contributors).
We encourage you to go through the detailed article here.
Since you’re aware about straight incentive for its core users, is it worthy to apply for the whitelist to be able to mint your “.sui” domain?
Summing-up
To be honest, we like the approach of SNS. Trying to build a community-oriented & gamified protocol seems to be the right way to spread crypto adoption and attract web2 users into web3.
You can learn more about “who behind the project is” here.
Official resources of Sui Name Service:
Thanks for your time! We invite you to join our Discord and subscribe Twitter to stay in touch and discuss related topics. And simply have fun ;)
Article prepared by @macevoy_eth – team member of Sui Ecosystem.