Sui public chain launches MOVE value preservation agreement! Pledge SUI coins and burn them to redeem them

The cost of casting inscriptions is low, and community members often operate manually or use batch tools to quickly obtain multiple inscriptions.

Recently, an inscription project called MOVE appeared on the Sui public chain, with the total amount set at 10 billion. According to the official announcement, MOVE will be gradually distributed through 21,600 epochs. During each epoch, approximately 460,000 MOVEs will be produced, and these inscriptions will be evenly distributed to all participating addresses.

According to the official casting website data, the casting progress of MOVE inscription has exceeded 86%, and the number of SUI pledged in the project has exceeded 823,000. Based on SUI’s current market price of approximately US$0.89 per coin, the total pledged SUI value is approximately US$732,400.

In addition, the official recent announcement also pointed out that once MOVE is minted, it is expected to directly lock nearly one thousandth of the liquidity of Sui tokens.

MOVE casting mechanism

MOVE's mechanism is uniquely designed. Only one inscription can be cast per address per minute, and users only need to cast once per minute. operate. Each casting requires 0.1SUI to be pledged into the inscription.

Interestingly, the SUI staked by users is still stored within their own inscriptions. If the user decides not to hold the inscription anymore, he can get back the previously pledged SUI by burning the inscription. If transaction costs are not considered, this model can be regarded as the first inscription with a value-preserving function.

Four Steps to Mint MOVE

The process of minting MOVE can be divided into the following simple steps:

Install SUI Wallet

Transfer SUI tokens from Withdraw to the wallet

Enter the MINT website

Connect the wallet and perform mint

There are also community members who provide batch casting tools, but you need to import the private key or mnemonic phrase can be used, this part requires readers to make their own decisions.

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