Sui Name Service Transitions to Decentralized Protocol, Empowering Users with $NS Token

Sui Name Service (SuiNS), a platform dedicated to providing naming services for Web3 projects, is taking a major leap forward by evolving into a decentralized protocol. The company made this significant announcement on social media, highlighting its commitment to accessibility and transparency. SuiNS is driven by the belief that Web3 names should be intuitive and user-friendly, rather than complex strings of letters and numbers. In line with this vision, the platform is transitioning to a decentralized model, empowering users to create memorable and simple wallet addresses within the Sui community.

The move to decentralization marks a new chapter for SuiNS, as it hands over control to the community through the introduction of the $NS Token. This native token will play a crucial role in the governance of the protocol, allowing stakeholders to actively participate in shaping its future via on-chain voting. The primary goal behind launching the $NS Token is to ensure that the direction of SuiNS is guided by its users, fostering a truly community-driven environment.

The first distribution of the $NS Token took place today in the form of an NFT called the SuiNS(NS) Airdrop. Recipients of this NFT will be able to unwrap it at a designated time to claim their $NS Tokens. In the meantime, users can check and calculate the number of tokens they are eligible to receive, further engaging with the platform's decentralized ecosystem.