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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
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Post your - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Sui Chief Economist Reveals: Balancing Incentive Mechanisms to Build a Sustainable Token Economy
Mysten Labs Chief Economist Talks About Sui Economic Model Design and Development
Recently, Alonso de Gortari, the chief economist of Mysten Labs, shared his insights on the Sui economic model, discussing how to balance incentive mechanisms among various parties in the network and the future development prospects of the Sui economy.
From International Trade to Blockchain
De Gortari initially was a researcher in the field of international trade, focusing on global value chains and international supply chains. He believes that blockchain technology is closely related to supply chain management and can transparently track the product manufacturing process. The appeal of this technology led him to shift from theoretical research to practical product development.
Design Decisions of the Sui Economic Model
Designing the economic model of Sui requires balancing the interests of three key participants: validation nodes, token holders, and users. Validation nodes wish to earn revenue through gas fees, users want low gas fees, while token holders are in a middle position. The key lies in setting appropriate gas fees to find the balance of interests among all parties.
Sui's Token Economic Innovation
Sui's token economy has several key innovations:
Horizontal scalability: Allows for an increase in block space during peak demand, keeping gas fees stable.
Reference gas pricing mechanism: Ensure that gas fees are neither too high nor too low through public pricing and market competition.
Storage Fund: Solves the negative externality problem of blockchain storage, allowing users to pay storage fees in advance to ensure long-term financial sustainability of the network.
Definition of Inflation and Deflation
De Gortari pointed out that inflation and contraction involve not only the token supply but also the relationship between the level of network activity and the available tokens. The token supply of Sui has a cap, with a total reaching 10 billion tokens. Whether the network is inflating or contracting depends on the comparison between the growth rate of activity and the unlocking speed of tokens.
The Future Development of Sui Economy
Although the Sui mainnet is still in its early stages, its token economy will continue to adjust as the network is used and developed. For example, the recent storage issues may require fine-tuning of the storage fund design. De Gortari emphasizes that the goal of Sui's token economy has always been to align the incentives of all participants towards a prosperous network.