Hello INDODAX Members,
We are pleased to announce Two New Crypto Assets that will be added to the INDODAX marketplace, Sui (SUl) and MANTRA (OM). Deposit Sui (SUl) will be on Mainnet, and MANTRA (OM) will be on ERC20 starting on Wednesday, February 7th, 2024, at 2 PM (UTC+7), and trading starts on Thursday, February 8th, 2024, at 2 PM (UTC+7).
About Sui (SUI)
Sui (SUl) is a layer-1 blockchain with low latency and high production yield. Its instant transaction finality makes Sui a prime candidate for on-chain use cases like DeFi and GameFi.
The blockchain is programmed in Rust, a programming language with a focus on fast and secure transaction execution. Rust is also the programming language of Solana, another high-speed blockchain. Sui’s stated goal is to “serve the next billion users on web3” by offering decentralized application (Dapp) deployment with a superior smart contract architecture compared to rival blockchains like Ethereum. This blockchain uses a process called “transaction parallelization” to achieve this, which enables transaction processing in “parallel agreements”.
As Sui calls it, this “horizontal scalability” leads to better data organization in a byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism. Sui (SUI) is ranked 45th with a price of IDR 25,612.14 and a total supply of 10,000,000,000 SUI. For more information about SUI, please visit the link.
About MANTRA (OM)
MANTRA (OM) is a first of its kind, vertically integrated, and regulatory-compliant blockchain ecosystem. The MANTRA OMniverse encompasses the DAO; MANTRA Nodes: a blockchain infrastructure-as-a-service business that includes retail staking, institutional delegation, node management, and white-label validator operations; MANTRA Chain: a protocol for regulated assets for the Cosmos ecosystem; and MANTRA Finance: a globally-regulated DeFi platform that brings the speed and transparency of DeFi to the world of traditional finance. MANTRA (OM) is ranked 397th with a price of IDR 1,557.60 and a total supply of 888,888,888 OM. For more information about OM, please visit the link.
*Price and rankings are based on Coinmarketcap on January 30th, 2024 at 2 PM (UTC+7).
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