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

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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

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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.

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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

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

Bybit Learn

GameFi

Kryptomon is a living NFT game that combines gaming elements of Pokemon and Tamagotchi with P2E rewards. Find out more about how it works in this article.

 (DeFi) world continues to expand, a lot of new and innovative concepts have developed, especially within the crypto gaming universe. Out of the entire gaming metaverse, one of the most exciting options is 

. These games let you have fun while you also earn money. The unique combination of role-playing, 

 and cryptocurrency creates a very rewarding experience. If you’re thinking of playing Krytomon or investing in Kryptomon tokens, then read our guide to learn more about the project's potential.

Kryptomon is a living NFT game that combines classic monster-battling mechanics with P2E rewards. Users can create living NFT token monsters to take on adventures.

 works. The game takes these two childhood games and combines them with modern DeFi concepts. It also uses BNB Chain to incorporate NFT and cryptocurrency into the game.

Kryptomon fits in the P2E genre of games. As you play the game, you get more than just the satisfaction of hatching eggs and training your companions to defeat other monsters. Each monster you collect is a living NFT that you can buy, sell or trade. These NFT Kryptomon eggs have unique genetic codes that provide different perks. The in-game token, KMON, is a cryptocurrency token you can exchange for BTC, real-world cash or other forms of currency. Ultimately, your actions can earn you actual money.

, an Amsterdam-based developer with a background in business and economics. Cerchi said he was 

, and wanted to find a way to bring the game into the real world. The rise of cryptocurrency and NFTs created the opportunity for him to develop a new monster battle game.

 has always been to promote a solid user experience. He noticed that projects that create a fun environment for users are the ones most likely to succeed. So Cerchi first generated interest in Kryptomon by running several betas with free giveaways. When users became enthused, the company was able to leverage their excitement to get investors.

Since it was founded in 2021, Kryptomon has been able to close a 

 with the support of reputable companies such as 

. The in-house development team then collaborated with 

 to put the finishing touches on the game. The support given to the company allowed Kryptomon to scale and become an immersive world with truly unprecedented blockchain technology, ultimately enabling Kryptomon to make its mark on the NFT gaming metaverse.

Version 0.5 of Kryptomon was officially launched in October 2021, and since then, the game has gained a lot of followers. Thanks to events like an egg airdrop with 300,000 KMON in prizes, thousands of users have signed up and begun earning valuable rewards, leading to Kryptomon's progressive community growth.

Kryptomon can seem a little complex at a glance because there are so many different mechanics. However, once you get into the game, you'll find that it's actually simple. To succeed, there are only five things you need to know.

Every Kryptomon creature has its own unique and randomly generated DNA. Your creature’s DNA will affect everything from how fast it recovers on the battlefield to how many times it can hit an opponent. Here are the 12 different genes affecting your monster's physical and behavioral characteristics that you'll need to consider when selecting a creature to work with.

Parameters are similar to genes, except they’re not present in your monster at birth, and they can be adjusted. Kryptomons have 38 different parameters that can advance to level 50. Maxing out parameters requires roughly 250 tickets. This can take time, but it turns a mediocre creature into an impressive beast.

Community members play as trainers. To train your own NFT pet monsters, you need training tickets that can be found in loot boxes. Each ticket lets you level up a parameter, and you can choose whether you want to focus on individual talents, resistance or constitution. Training usually takes time. However, if you have a star ticket, you can instantly train your creature to reach a new level.

Kryptomon battles are the main purpose of the game. Your creatures fight against others to gain rewards and increase your ranking in tournaments. There are multiple modes, including one-on-one fights with friends, practice fights with AI and competitive fights against random players. 

In Battle Mode, your creature uses a combination of physical, shield, element and special spells to attack its opponent and chip away at its stamina. Once an opponent's creatures are all knocked out, you win.

Breeding allows you to combine attributes from two creatures into a single egg, which is a fun way to generate new NFT creatures. During breeding, mutation happens, so stats can end up better or worse than those of the creature’s parents. You can breed to get specific parameters and genes, or you can breed for certain physical looks. All of these various traits are somewhat connected, but not dependent on each other. Keep in mind that breeding comes with some limitations. Monsters can breed only a certain number of times per year.

In addition to the gameplay mechanics, there are other exciting features.

Thanks to its place on the BNB Chain network, Kryptomon is a P2E game. Users do everything in the game with KMON, and the cryptocurrency has real-world value. Ways to earn money include winning battles and breeding rare creatures to sell. In fact, selling creatures can be one of the most rewarding ways to earn money. Each creature and egg are a living NFT, and those with impressive stats can be worth a lot of money. Very rare creatures have sold for

An advantage of this game is that you don't have to sit around at a computer to play. Kryptomon mobile allows users to play the game from their phones, making it easy to keep up with your creatures’ feeding and training throughout the day. The mobile app has integrated crypto features so you can also manage your money from your phone. Eventually, the mobile version will also add some augmented reality features that make the game even more immersive.

Compared to many other P2E games, Kryptomon makes it easy to manage your finances. The

 allows Kryptomon NFT trading where you can browse for eggs and mature creatures. You can list items for sale, or bid on desirable monsters. With extensive filtering options, the Kryptomon marketplace ensures that you can find the rarest creatures with the best parameters.

Other than purchasing new NFT pet monsters, the Kryptomon marketplace also enables users to stake their KMON tokens to participate in NFT lotteries and generate "candies", which are used as Kryptomon's in-game currency to purchase loot boxes and items.

Treasure hunts are part of the company's real-world game-play mechanics. A treasure hunt is a limited-time event that involves players using their phone's GPS to visit a specific real-world location. Arriving at this location gives you a mystery box that you unlock. These randomly generated boxes can contain training tickets, new NFT eggs or other exciting items.

Confused by all the details of the game? One of its features can help you with that. The 

 is a website that provides fun, interactive information on all the different aspects of the game. You can search for answers to specific questions, or browse records to get more details. It’s a great way to understand gameplay mechanics and get started with training, battling and breeding.

A big reason that Kryptomon has been successful is because of its ability to follow through on plans. Kryptomon has always been very open with its players and investors. The P2E company has a detailed road map with targets for implementing a broad range of features. So far, they've managed to deliver much of what they've promised, and they're on track to add even more exciting details.

Kryptomon's road map started in mid-2021 with the founding of the company. The company began with an initial NFT offering to generate investments. From there, they used the third quarter of 2021 to mint and distribute eggs, and launch KMON tokens. In the last quarter, the game was released to players. This part of the road map included hatching eggs, releasing treasure hunts and opening a monster-trading marketplace. Closed betas were completed; open betas for Android came next. In the first half of 2022, additional mechanics such as quests, Kryptomon evolutions and monster breeding options were all added.

So what's next for Kryptomon? The company plans to close out 2022 by opening a beta for iOS users, launching an official Android app and initiating PvP and PvE capabilities. These 

 will allow people to battle with friends and random players to earn more rewards. New story challenges and quests will be added, and the new battling system will become a tournament where people can fight for prizes.

The rest of the road map includes augmentations to the game itself. Starting in late 2022 and early 2023, Kryptomon is switching to 3D metaverse gaming. The company will be building lands and structures to populate the metaverse, and adding 3D models for monsters and characters. After the transition to metaverse gaming is complete, the final plan is to create augmented reality gameplay. This will allow for real-world gameplay where users can find additional ways of interacting with their environment.

KMON is a publicly traded cryptocurrency with a total supply of 1 billion tokens and a circulating supply of 190 million. Overall, it has a market cap of 

. KMON  went live in August 2021, and has gone through some exciting changes since then. After KMON was launched, its price rapidly increased to 20 times its original value, resulting in a lot of interest and fairly high trading volumes.

, it's helpful to learn a little about the company's regulation plans. Unlike many other big crypto projects, Kryptomon initially locks down a lot of their crypto. Investors who purchase KMON are allowed access to only a small amount at the time of token generation. Following the generation event in May 2022, the bulk of the crypto was locked for six months. When buyers purchase in bulk, their tokens are unlocked in small amounts at a time to prevent one person from dumping a lot of funds at once.

When Kryptomon first released KMON, it had a listing price of $0.009321. Since then, prices have fluctuated a fair amount. In November 2021, KMON reached an all-time high of $0.2279. Since then, it's gone through a few small peaks and a general, steady decline due to the bear market. After coin prices dropped to around $0.01, they’ve remained fairly stable. As of August 2022, KMON is around $0.01017, so it’s still slightly higher than the original cost.

Through the rest of the third quarter, KMON prices are likely to remain stable. Since the coin has a lot of uses within the game, prices probably won’t drop below $0.01. Unlike many other cryptocurrencies, KMON has a tangible value for players that helps to maintain prices at a reasonable level. Keep in mind that a lot of tokens will be unlocked in January of 2023, which may cause prices to dip.

That being said, the potential for a noticeable increase in KMON’s price does exist. In mid-autumn of 2022, the company plans to implement several new game mechanics. When Kryptomon adds the PvP and PvE features, you can expect renewed interest in the game and a corresponding spike in the token’s price. Then another spike is likely to occur when augmented reality and real-world gameplay go live in 2023.

When KMON was first launched, the only way to get the coin was by joining the game and getting it directly from Binance Smart Chain. Since then, the company has worked to increase availability. In May 2022, KMON was officially listed on Bybit. This global crypto exchange makes it easy to access the coin, even if you don't have a Kryptomon account.

Buying KMON on Bybit is fast and easy. If you don't already have an account, you can start one by 

 and funding it with the USD or crypto you already have in another wallet. Once you have funds in your Bybit wallet, you can go to the 

KMON looks very promising. The token’s price has undergone some highs and lows, and it has eventually stabilized at a reasonable price. It doesn't seem likely to skyrocket any time soon, but neither does it seem likely to plummet. This can produce some very beneficial opportunities for the savvy investor.

Keep in mind that KMON's success is likely to depend on the success of the game. Unlike other metaverse-gaming cryptos, KMON seems to be leaning more toward being a long-term gaming asset instead of a flashy crypto investment. As the game continues to expand, increased interest will heighten the value of the coins. Therefore, investors who purchase large amounts at an early stage could make a nice profit.

All signs point to a solid future for the game itself. Cerchi, Kryptomon's founder, is very experienced and has put a lot of time into analyzing where other P2E gaming companies have gone wrong. The focus on creating a solid user experience ensures the game has more staying power than many other metaverse games. Steps such as locking new tokens help to keep KMON prices from dropping, and game-play features such as NFTs add extra value for players as well as token holders.

KMON probably isn't one of those crypto investments from which a bunch of people will make millions. However, it does have the potential to provide some nice, reliable income for dedicated investors. Common sense, low-risk investment strategies can help KMON investors make a nice return on their efforts, and playing the game allows you to make money even if you don't have the funds to invest.

Whether you love Pokémon-type games or just want to get in on the latest cryptocurrency trends, Kryptomon is worth a try. The game contains a lot of engaging features — including NFT generation, augmented reality and cryptocurrency rewards — and more exciting mechanics are in store. Getting involved now provides many opportunities for both having fun and improving your finances.

Kryptomon (KMON): Revolutionizing Childhood Games With P2E

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards