What is SUKU?
Suku is a blockchain-based ecosystem that aims to make supply chains more transparent, efficient, and accessible. The platform works on providing users with a supply-chain-as-a-service platform to connect businesses and consumers.
The ecosystem has four components:
- The first component is the Suku platform. On this feature, trading partners can transact with each other and access features, services, and capabilities that make trading easier.
- The technology partners are another key component of the project. These are developers who create applications and services on the Suku core layer.
- Then, there are trading partners who are Suku platform users who interact and carry out transactions on the Suku platform.
- Lastly, the major component of the protocol is the SUKU token. It is an ERC-20-compatible token used by trading and technology partners within the Suku ecosystem. You can see the current SUKU token price on the Suku price chart above.
Apart from these four features, there are different layers to the Suku project. The first layer is the applications and services layer. On this layer, applications and services can be built on the Suku core layer. The core layer contains the core capabilities that participants use on the Suku platform.
On the infrastructure layer, you can find nodes and infrastructures that support the other layers. Finally, the blockchain layer is responsible for supporting and improving the integrity and security of transactions. Note that Suku is built on Ethereum and it supports the Quorum protocol.
The vision of the Suku ecosystem is to connect trading partners and technology partners in a distributed ecosystem. This will enable businesses to expand and benefit from supply chain technology, and provide additional benefits to consumers at the same time.
The Suku platform provides users with such features as a marketplace, track-and-trace, document authenticator, ecosystem onboarding, and configuration. Besides, the project has been applied in different industries including livestock, logistics, and manufacturing.
Use Cases of SUKU Tokens
Trading and technology partners both make use of SUKU coin to carry out all their activities. Besides, as a technology partner, you can design applications or services where you can earn SUKU tokens as fees.
Moreover, another major use of SUKU coins is governance. To vote on key proposals, like changes to the Suku core layer, you need to have and hold SUKU crypto assets in your wallet.
In addition to that, SUKU tokens are used to cover transaction fees. For specific transactions that require the use of the Suku core layer, transaction fees are charged.
Finally, for all users of the platform, SUKU tokens are given as rewards for activities. One such activity is onboarding a new user on the platform. Besides, new users also get SUKU tokens as a reward to seed their wallets.
Care to buy SUKU tokens? Before doing that, make sure to check the aforementioned SUKU price chart. Knowing the current and the previous SUKU price will help you to make more informed purchasing decisions.
Who Founded SUKU?
SUKU was founded by James Bower, Addison Mackenzie, and Shannon Coble.
James Bower serves as the chairman of the project. He has years of experience in the technology, medical, entertainment, and financial industries. Bower has worked on top projects and patented a video game controller for Apple and Samsung devices.
Addison Mackenzie is a seasoned entrepreneur with over 20 years of experience founding and growing businesses in different sectors. He studied mechanical engineering at Vermont university and has built several profitable companies.
Shannon Coble came to the team with over 12 years of experience in business strategy development, supply chain management, analytics, and operational process improvements. She served in the United States Air Force for six years and worked at Deloitte thereafter. Coble also has experience as a military supply chain consultant and a financial advisor working for Wells Fargo.
SUKU Tokenomics
The maximum supply of SUKU crypto assets is 1.5 billion. 28% of the total supply was reserved for trading partners, while 26.85% – for technology partners. Moreover, 20% was set aside for the day-to-day operation of the platform, while 10% was distributed to the core development team. Lastly, 12.9% and 2.3% were dedicated to token sales and mining allocations respectively.
