Sui’s answer to ENS, SuiNS, airdrops 150 million NS tokens in boon for community governance

The Sui blockchain’s answer to the Ethereum Name Service, SuiNS, is launching a native token. Like other native tokens, NS is designed to transform SuiNS into a “community-governed platform.”

With over 279,000 handles already registered, SuiNS has already established itself as an integral part of the Sui ecosystem. The system allows users to replace complex, alpha-numeric wallet addresses with more memorable and customizable names — simplifying the Sui user experience. 

The NS token will also allow users to participate actively in SuiNS's governance, including voting on future feature developments. This bid aligns SuiNS with the broader philosophy of user autonomy and democratic governance across the crypto industry.

SuiNS, built in collaboration with main Sui development company Mysten Labs, has been integrated into Sui Wallet, Cetus, Aftermath, Turbos Finance and Sui Vision. Earlier this year, the protocol airdropped soulbound NFTs to more than 180 thousand wallets containing SuiNS domains, granting them the right to claim NS tokens at launch.

“We’re ecstatic to see another step towards the decentralization of community-driven projects in the Sui ecosystem with the launch of the NS,” SuiNS CEO Sean Mikha said in a statement. “By empowering the owners of SuiNS names to decide the future of the protocol, we’re positioning SuiNS handles to become the onchain naming service for the world.”

Following the initial airdrop of 150 million NS tokens on Thursday, the circulating supply will increase gradually over the next six years until it hits a 500 million cap, according to its tokenomics page.