Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

sui name service (suins).png

Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

Intro to Santiment.png

Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

4.png

SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Blockchain

Bitgert (BRISE) is a crypto platform with almost zero gas fees and high transaction speeds of 100, 000 TPS, aiming to provide an affordable and highly scalable environment for DApps.

bitgert-bitrise-chain-tps.jpeg

bitgert-brise-staking-apy-rates.jpeg

bitgert-price-chart.png

Among the myriad blockchain projects launched over the past few years, Bitgert (BRISE) is certainly an attention magnet, due to its bold claims of zero fees and excellent scalability as well as some controversy surrounding the project. In this article, we take a closer look at a blockchain and cryptocurrency that either seems poised to challenge the dominant market players — or harbors the possibility of being a money-sucking fraud.

Bitgert (BRISE) is a crypto platform that aims to provide an affordable and highly scalable environment for projects of various kinds

(DeFi). Bitgert was originally launched as an app on 

 in July 2021. Initially, the project was called Bitrise, with its native token bearing the ticker BRISE. In December 2021, Bitrise rebranded to Bitgert. The rebranding didn’t affect the token or its ticker, and the platform’s operations remain on BNB Chain.

In February 2022, Bitgert launched its own blockchain network, which utilizes a 

 (PoA) validation mechanism. The new network is commonly referred to as Bitgert Chain or Brise Chain.

 Bitgert Chain advertises itself as a platform with zero gas fees and the technical capacity to process up to 100,000 transactions per second (TPS).

 This places Bitgert close to the top of the rankings by speed among blockchains. Indeed, among the currently operational chains, only 

Top Blockchains by Maximum Transactions per Second (TPS) Capacity

Although Bitgert promotes itself as a “zero gas fee” chain, in reality, there are some, albeit tiny, transaction fees involved in using the blockchain. Typical gas fees on Bitgert Chain are small fractions of a cent.

Bitgert supports smart contracts and is an 

 (EVM) compatible chain, which ensures a great level of interoperability with the world’s largest smart contract platform — the 

BRISE is Bitgert Chain’s native cryptocurrency. Originally, BRISE was launched as a token on BNB Chain when Bitgert, then known as Bitrise, was an app based on that chain. The project still maintains an address on BNB Chain for the token.

When Bitgert Chain was launched, BRISE was issued on it as the chain’s native crypto coin. Bitgert has initiated a buyback mechanism under which it buys the BNB BRISE tokens and burns them. BNB Chain charges 12% for each token sale. The buyback program is likely driven by the project team’s intent to eventually replace the entire supply of the BNB-based BRISE with the BRISE natively issued on Bitgert Chain.

 and payment of Bitgert’s minuscule gas fees. It may also be used within 

 (DApps) linked to the platform. For example, Bitgert’s own decentralized exchange (DEX) uses BRISE as one of the cryptos available for swaps.

Staking BRISE is possible via BNB Chain and Bitgert Chain. In both cases, you can earn 

 rewards for staking your BRISE. Staking is available for fixed periods of 30, 60, 90 and 180 days. The longer your stake, the higher the 

 (APY) rate you earn. The current APY rates (as of November 19, 2022) are shown below.

While the principal staked amount is locked for the selected staking period, accrued interest rewards may be harvested at any time. A great feature of the platform’s staking rules is the absence of any minimum staking requirements, i.e., you may start staking with the smallest of amounts.

BRISE has a max supply of 1,000,000,000,000,000 (1 quadrillion). This gargantuan supply number does sound extreme, though it should be noted that as of November 24, 2022, BRISE is worth only $0.00000032 per unit, giving it a 

BRISE’s supply distribution shares have been specified by the project team as follows:

Bitgert’s recommended wallet is Nabox, a multi-chain wallet featuring support for a large number of blockchain platforms. Meanwhile, Brise Wallet, the native wallet developed by the Bitgert project team, has 

Since its launch as a fully-fledged blockchain, the Bitgert project has added a limited number of features, services and apps to expand its operations.

, a project designed to help promising crypto startups raise investor capital on Bitgert through smart contract–driven token sales.

The DEX on Bitgert may also be used for token swaps, with ten cryptos — BRISE, BNB and another eight tokens based on BNB Chain — currently supported.

Bitgert Chain is still a small blockchain with a rudimentary ecosystem. In order to link the Bitgert ecosystem with other larger blockchain environments, the project team is in the process of 

 app. In the meantime, platform users are advised to use the following bridges that support BRISE: Multichain Bridge, IcecreamSwap Bridge and Sphynx Bridge.

The claims of (near) zero fees and speeds of up to 100,000 TPS were bound to attract the attention of blockchain analysts and investors. At the end of the day, with such stellar parameters, Bitgert is destined to become a leading blockchain network, isn’t it?

Unfortunately, some of the project’s characteristics unambiguously 

. There’s a great deal of online controversy and speculation concerning Bitgert at the moment, primarily related to the Bitgert founders’ identities, audits on the platform, and charity announcements made by the project team.

More than a year after the project’s birth on BNB — and nine months after the launch of Bitgert Chain — we still don’t know the true identities of Bitgert’s founders. There’s been speculation in some online sources that the team behind the project uses Artificial Intelligence (AI) software to fake their identities.

Bitgert’s website previously featured an 

 page, with names that couldn’t be cross-referenced on LinkedIn. The page has now been removed from the website. Amid the controversy, the person(s) behind Bitgert have stubbornly refused to reveal their identities, despite this point being one of the most damaging issues for the project’s reputation and brand image. The founder(s) still regularly appear in the project’s online communications and various publications, and are referred to as “the Bitgert founder.”

Another controversial point involves Bitgert’s platform audits. Audits have become a commonly used tool in the crypto industry to ascertain a blockchain platform’s transparency, and to rule out any malicious code in its smart contracts. Bitgert did conduct an audit, and has widely promoted its 98% achieved score. However, it quickly became obvious that the audit was carried out by the Bitgert team themselves. This raised further suspicion about the platform’s operations.

In addition to the disquieting controversies above, Bitgert has also claimed plans to contribute to an unspecified charitable cause. However, neither the actual charity involved nor any other specific details have been released by the project.

BRISE Cryptocurrency and On-Chain Services

Another vague point in the project’s communication material relates to BRISE and the on-chain services offered on Bitgert Chain. Most of the functionality promoted by the platform, e.g., staking and token swaps, seems to be based on the BNB blockchain. It remains unclear to what degree Bitgert Chain’s apps make use of the actual Bitgert Chain and its native crypto coin.

Some online observers have opined that the platform’s widely promoted own chain and crypto coin remain virtually unused, with nearly all of the promoted functionality being based on BNB Chain and the BNB-based BRISE token. For instance, the leading crypto data portals (such as 

) only have details such as prices, supply numbers and contract addresses for the BRISE token on BNB Chain, while data on the Bitgert Chain’s BRISE coin is markedly absent.

The BRISE token was launched in July 2021 at a minuscule price point of around $0.000000008 (that is, $8 for one billion BRISE). The token’s price experienced few changes until October 2021, when it began to rapidly rise, eventually climbing to an all-time high of $0.00000184 ($1,840 per one billion BRISE) in early March 2022. 

Within the period covering this rise, in February 2022 Bitgert announced the launch of its own chain and crypto coin. However, leading price tracking portals have yet to add Bitgert Chain’s BRISE coin to their websites.

By mid-June 2022, the BRISE token’s value had declined to $0.00000029 ($290 per one billion BRISE), remaining relatively stable until August. As Bitgert celebrated six months since the launch of its own blockchain, details about the controversies surrounding the project started to attract wider public attention.

Against the backdrop of increasing online notoriety, Bitgert doubled down on its marketing and promotional activities to project an image of a legitimate crypto with great potential. It seems that these efforts did have a considerably positive effect on BRISE, with the token’s price rising to $0.0000012 ($1,200 per one billion BRISE) by the end of August. This spike was short-lived, however, with BRISE’s price trending downward from early September. As of November 24, 2022, the token trades at $0.00000032 ($320 per one billion BRISE), and is still trending down.

Despite the controversies surrounding the project, Brise price predictions on the leading crypto forecasting portals points to moderate long-term growth for the token. DigitalCoinPrice.com 

 to reach $0.00000127 by 2025 and $0.00000455 by 2030. Meanwhile, PricePrediction 

 will grow to $0.00000115 by 2025 and $0.00000708 by 2030.

If Bitgert is a legitimate project, its near-zero transaction fees and outstanding TPS capacity might help it to eventually challenge the leading blockchains in the industry. However, there remains too much controversy and suspicion linked to it. For now, the BRISE token seems to have weathered this controversy well with the recent spikes. However, these were of a very short-term nature.

Some observers believe that the spikes might have been the beginning stage of the notorious 

 typical of so many failed cryptocurrencies. Ultimately, your appetite for risk — and possibly thrill — will determine if the BRISE token, the current king of controversy, is worth your attention.

What Is Bitgert: Next Big Thing, or a Scam?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards