Sui is a permissionless Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that satisfy the next billion users in web3. Sui is horizontally scalable, supports a wide range of application development, and has unparalleled speed and low cost.
Total supply: 10 billion, allocated to the founding team, investors, public sale, Sui Foundation and future releases.

Token functions: pledge/protect network; transaction fee; governance; account unit/transaction intermediary.

(Meta projects Aptos, Sui, and Linera are highly similar in background, technology, capital, etc.)

Project Introduction

Role:
User: Use the Sui platform to conduct transactions to create, modify and transfer digital assets or interact with complex applications based on smart contracts, interoperability, composability;
SUI token holders: have the option to delegate their tokens to validators and participate in Proof of Stake (POS). SUI owners also have the right to participate in Sui governance;
Validators: carry out transaction processing and execution on the Sui public chain.

Five core components:
The SUI token is the native asset of the Sui platform.
All network operations charge Gas fees, which are used to reward participants in the proof-of-stake mechanism and prevent spam and denial-of-service attacks.
Sui's storage fund is used to transfer staking rewards across time and compensate future validators for storage costs of previously stored on-chain data.
Proof of Stake mechanism PoS is used to select, motivate and reward Sui platform operators (ie verifiers and SUI delegators) for their honest behavior.
On-chain voting is used for governance and protocol upgrades.

Financing
In December 2021, Mysten Labs announced the completion of a US$36 million Series A round of financing led by a16z, Coinbase Ventures, NFX, Slow Ventures, Scribble Ventures, Samsung NEXT, Lux Capital and others participated in the investment.
It is seeking to raise at least US$200 million in Series B financing at a valuation of US$2 billion. This round of financing is led by FTX Ventures, and the project party has received US$140 million in funding support in this round of financing.