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Submitted URL: https://blog.sns.domains/sui-name-service-dao-2d5d37cce681
Effective URL: https://blog.sns.domains/sui-name-service-dao-2d5d37cce681?gi=b71fd7d88494
Submission: On December 15 via api from TR — Scanned from DE
Effective URL: https://blog.sns.domains/sui-name-service-dao-2d5d37cce681?gi=b71fd7d88494
Submission: On December 15 via api from TR — Scanned from DE
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Open in app Sign up Sign In Write Sign up Sign In Sui Name Service Follow Nov 29 · 3 min read · Listen Save SUI NAME SERVICE DAO COMPANY TRANSPARENCY / VISION My name is Anthony and I’m the founder/CEO of StorkLabs and the Sui Name Service protocol — releasing next week. But, before then… I’m here to explain how the Sui Name Service will be a company for the people by the people. Exclusively on Sui. Crypto is a force for good. And we intend to use it to change many people’s lives in a positive way. In light of the FTX situation, we believe its appropriate for users to view companies in the space skeptically. So for that reason, I’m detailing the entire structure of the Sui Name Service and the company behind it, StorkLabs LLC. AND WE’RE DOING THIS BEFORE WE EVEN RELEASE OUR SOFTWARE BECAUSE… “ONE CANNOT BUILD A BIG HOUSE WITHOUT A GOOD FOUNDATION” That’s our philosophy. WHAT IS STORKLABS? StorkLabs LLC is a company bridging the gap between web2 and web3 through traditional industries. Our main idea is that the projects on-chain make the chains. Blockchain technology could be excellent, but without good projects, mass adoption will never come. That’s where we come in. We seek to build consumer-facing software products on Sui. Our software’s focus is SAAS-based, excellent UI/UX, themes, and DAO-ownership. Our goal is for every project to be owned via a DAO and more importantly, the people that support it. This is all based on the core belief: Protocols ought to be owned by the people that use them. Centralization is not web3. We are. SUI NAME SERVICE The Sui Name Service is the first of our software products on Sui. It fills the void for Sui domain names and on-chain identity. Our focus is gaming, and the goal is for the project to be owned by the community. It is no secret that the Sui Name Service will have a DAO, under the token $SNS. The Sui Name Service will be registered as a legal entity off-shore and be owned through the $SNS token. StorkLabs LLC will be the exclusive developer of the Sui Name Service and the $SNS token will be used to vote on use of community funds, feature changes, or anything related to the SNS-products / direction. This will keep ensure that feature updates happen quickly, but also give token holders an outlet to make changes in the products and receive real ownership / equity. $SNS Tokenomics Plan (Current): * 25%+ Airdropped to Community * 75% Core Contributors / Token Treasury (yet to be divided) Total Token Supply: 100million. Intended Release Date: Q3 2023 — domain registration milestones. AND, YES, THAT’S RIGHT. 25%+ AIRDROPPED TO COMMUNITY. Have you ever grinded for a project and got nothing? We’re here to change that. If you support us, we’ll support you. The Sui Name Service is our first community-owned protocol. Our DAO will be based on domain registration and engagement. Get involved in the SNS today.. and earn your place in the DAO. We build for the People by the People. A NAME SERVICE BY THE PEOPLE FOR THE PEOPLE DNS which controls the internet is a nonprofit, yet it is controlled by a select group of people. We believe the Sui Name Service, which will be the pillar of Crypto Gaming and the Sui Ecosystem, should be controlled by the people that use it. For this reason, our plan intends to have it ownership distributed in the Sui Name Service back to the community. From a financial perspective, StorkLabs LLC will always be separated from the Name Service and can take on investors, however, the Sui Name Service will be owned by the people — not venture capitalists. StorkLabs LLC will also be completely transparent with its fundraising needs. As of right now, StorkLabs LLC equity is retained by myself. I come from a SAAS / eCommerce background and I LOVE web3. We’re here to build the future… And I intend to hold control over StorkLabs LLC. Any funds raised / equities distributed will be always made publicly and for the purpose of development / expansion. A NEW STANDARD FOR WEB3 My goal is to set a new standard for businesses on web3 through StorkLabs and the products we make. This business model has never been done before, and it really really excites me. Welcome to history in the making. Want to get more involved? Simply follow us on twitter and stay active in our community. Also: Crew3 coming soon 👀 Website: sns.domains Discord: discord.gg/snsdomains Twitter: twitter.com/snsstork Anthony’s Twitter: twitter.com/mistertoucan Sui Sui Name Service Dao Cryptocurrency Ethereum 2.4K 2.4K 43 2.4K 43 MORE FROM SUI NAME SERVICE Follow Community-first Domain & Identity protocol on the Sui Blockchain. https://sns.domains Oct 26 WHAT ARE DOMAINS? And how the Sui Name Service connects Web2 to Web3 — Let’s talk Domains. In Web2 a domain name is the string of text (ending in a .something) you type into a web browser to open a web page. In Web3, it is also a string of text (ending in a .something) that represents a crypto wallet. But these domains in… Sui 5 min read Sui 5 min read -------------------------------------------------------------------------------- Share your ideas with millions of readers. Write on Medium -------------------------------------------------------------------------------- Oct 16 WHY SUI? by Ayudh To answer all the haters, lovers, and everything in between… why the Sui Name Service is building on Sui. But First, What is Sui? Sui is a new Proof-of-Stake Layer 1 blockchain, created by the team at Mysten Labs. The team is ex-Meta employees who worked on the… Blockchain 3 min read Blockchain 3 min read -------------------------------------------------------------------------------- Sep 22 SUI NAME SERVICE Announcing the Sui Name Service (https://sns.domains) Crypto is at a significant crossroads. It is one of the most innovative technologies of our generation, yet less than 1% of real-world use cases are realizing its full potential. As of this very moment, most of the industry is rooted in speculation and… Sui 3 min read Sui 3 min read -------------------------------------------------------------------------------- Love podcasts or audiobooks? Learn on the go with our new app. Try Knowable RECOMMENDED FROM MEDIUM Sol Invictus THE SUNNY REVOLUTION Kyle Burbank MONEY AT 30: LONG GAME REVIEW Michael Bacina in On Startups and Such UNLOCKING CRYPTOCURRENCY TOKEN SALES Vitscoin in VitsCoin VITSCOIN AMA WITH RETAIL INVESTORS Rider Jensen in Web Development Articles WRITING A CRYPTO CURRENCY TRACKER Trakx in The Capital THE IRS IS CRACKING DOWN ON INVESTORS… HERE’S WHAT YOU NEED TO KNOW ABOUT PAYING BITCOIN AND… Zoren Lorenzana NFT: THE FUTURE OF DEFI WIZARD TOKEN HOW INVESTING IN WIZARD CAN BE YOUR BEST FUTURE INVESTMENT AT THIS TIME? AboutHelpTermsPrivacy -------------------------------------------------------------------------------- GET THE MEDIUM APP SUI NAME SERVICE 7.4K Followers Community-first Domain & Identity protocol on the Sui Blockchain. https://sns.domains Follow MORE FROM MEDIUM ajeykb ARBITRUM: HOW CAN I MAXIMISE MY CHANCES OF RECEIVING AN AIRDROP? Dr_jackal TUTORIAL — HOW TO INSTALL A FULL NODE ON THE SUI NETWORK — DEVNET Mark Vassilevskiy 5 UNIQUE PASSIVE INCOME IDEAS — HOW I MAKE $4,580/MONTH Ann in Crypto 24/7 THESE NEW DEFI PROTOCOLS ARE FREAKING IMPRESSIVE Help Status Writers Blog Careers Privacy Terms About Text to speech To make Medium work, we log user data. By using Medium, you agree to our Privacy Policy, including cookie policy.