SuiHub Global Accelerator Extends Deadline for Applications, Accepting Submissions Until January 17

Layer 1 blockchain, Sui Network made an announcement regarding the deadline extension for its accelerator initiative, SuiHub which is now open for applications until January 17th. With strong backing from organizations like Brinc, CoinList, and Ghaf Studios, the program is slated to kick off in February 2025.

Through this initiative, teams involved can secure funding of up to $200,000, which will be released as milestones are met in exchange for tokens and equity. Beyond funding, participants will also get support from the Sui Solutions Engineering team for technical assistance and possible collaboration opportunities to enhance their products while maximizing the Sui Network's potential. The program The program also provides expert insights on essential topics such as defining incentives, crafting distribution strategies, preparing for listings, and establishing a viable token economy.

Moreover, participants can gain exposure to a worldwide audience of over 10 million early users, facilitated by the marketing efforts of SuiHub’s collaborative partners. Assistance will also extend to growth marketing strategies, utilizing Key Opinion Leaders (KOLs), and developing effective go-to-market plans. Teams will have a chance to engage with a vast network of partners to strengthen their offerings and accelerate their path to market.

Who SuiHub Is Looking For?

This initiative is geared towards startups that have a product ready for launch on the Sui network and aim to harness the ecosystem's growth potential. It is particularly focused on founding teams that are serious about building on the Sui blockchain and possess a clear vision for contributing to its development. Teams that are pre-Token Generation Event (TGE) are considered ideal candidates, but those with a token that hasn't yet been listed on exchanges may also be taken into account.

Sui blockchain The platform is developed using the Rust programming language and accommodates smart contracts written in Sui Move, a unique version of the Move language designed by the project’s team. The network functions under a Delegated Proof-of-Stake (DPoS) consensus model, relying on the staking of SUI, which is the network’s native token. Both validator operators and token holders who delegate their tokens to existing validators play crucial roles in maintaining the security and consensus of the network.