BitSui
  • BitSui Bridge
  • Introduction
    • Cryptographic Bridges between BRC20 and the Sui Network
    • Connecting the Sui and BRC20 Ecosystems
  • Product
    • Multi-Protocol Overview
    • Technical Infrastructure
    • Technical Advantages
  • Getting Started Guide
  • How to bridge on Bitsui
    • The process for cross-chaining from Bitcoin Network to Sui Network network is as follows:
    • The process for cross-chaining from Sui Network to the Bitcoin network is as follows:
  • Token Governance
  • Economic Model
  • Roadmap
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Token Governance

$SSBT powers the entire decentralized application ecosystem of BitSui.

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Last updated 1 year ago

Governance: Holders of the $SSBT token on the Bitsui platform have governance rights and can participate in decision-making processes, such as voting on platform upgrade proposals, listing new tokens, fee structures, and other critical governance matters. This ensures that the community has a say in shaping the future of Bitsui. It should be noted that the community does not have legal control over the affairs of the company or any of its affiliated companies (including but not limited to the selection of the company's management committee), development direction, specific projects, or the allocation of the company's assets, which are the responsibility of the relevant company's board of directors.

Staking Rewards: Bitsui itself is just a blockchain protocol and does not own or operate any computing/storage servers or provide any liquidity resources. It relies on an open, decentralized network consisting of monitoring nodes and liquidity provider nodes, which operate using open-source algorithms to secure the protocol and provide liquidity. Therefore, third parties providing the necessary computing resources or liquidity for transactions will be able to receive $SSBT tokens, Sui tokens, or BRC20 tokens (as applicable) as recognition for their contributions to the network.

Staking Deposits: As an indicator of commitment to the system and to encourage higher performance and availability, nodes are required to deposit a certain amount of $SSBT as collateral (i.e., staking) before participating in protecting the cross-chain network.