(SUKU / USD)
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SUKU is an Ethereum token that powers the SUKU Platform, a blockchain-based ecosystem that aims to make supply chains more transparent. SUKU tokens can be used for platform governance and to reward users and SUKU node operators. SUKU Platform is also developing applications for DeFi lending and NFT marketplaces.
What Is SUKU (SUKU)?
SUKU (SUKU) is a blockchain-based ecosystem that makes supply chains more accessible, transparent, and efficient. The platform offers a supply-chain-as-a-service platform that connects consumers and businesses. A supply chain serves as a network between a company and its suppliers to produce and distribute goods and services. SUKU offers engagement and growth solutions for brands in the physical and virtual world.
The SUKU ecosystem comprises the following components:
Trading Partners: The platform users who interact and transact as supply chain participants.
Technology Partners: Individual developers or organizations who provide services or create applications on top of the SUKU Core Layer for users.
SUKU Platform: The platform allows the trading partners to transact and utilize applications built by technology partners. SUKU Platform comprises four layers: Application and Services, SUKU Core, Blockchain Layer, and Infrastructure.
According to SUKU’s whitepaper, existing supply chains usually employ ineffective software solutions and follow complex processes, making supply chains inaccessible and fragmented among participants. Significant innovations have been made to supply chains, such as RFID technologies, cloud computing, and mobile platforms. These innovations have further led to a variety of systems across several organizations, such as enterprise resource planning (ERP), supply chain management platforms (SCMP), and software-as-a-service (SaaS) applications and platform services.
However, these systems lack integration, hence the need for transparency, access, and efficiency across industries. The supply chain processes produce inefficiencies that continually lead to missed opportunities for organizations and poor consumer outcomes across the supply chain.
The SUKU ecosystem aims to use an open software distribution model, consisting of applications and services utilized by the platform’s trading partners and built with technology partners. The platform intends to connect trading partners and technology partners to facilitate business network expansion that eventually benefits the end consumer.
Interestingly, larger organizations with complex supply chains can utilize SUKU to complement the existing infrastructure to increase transparency. Moreover, smaller organizations with little or no existing infrastructure can also use the suite of SUKU Platform capabilities to improve accessibility. Together these opportunities aim to increase supply chain efficiency, regardless of industry or size.
Further, SUKU works with the following infrastructure to grow in the physical and the virtual world.
1. SUKU Omni: Offers transparency and traceability. SUKU Omni helps brands to provide transparency to conscious consumers by transforming their supply chain. At the same time, it helps consumers to find verified and transparent products. SUKU Omni has the following modules for the brand:
Verify module: Share stories with consumers about the products they like.
Discover module: Helps acquire a deeper understanding of the entire product journey.
Sustain module: Informs the brand on how the supply chain impacts the carbon footprint.
Link module: Connects and activates products with precision throughout the supply chain.
2. Infinite World: This is an NFT marketplace and metaverse infrastructure to navigate brands and products into the metaverse space. Meanwhile, the metaverse is a persistent, online, 3D universe that combines multiple different virtual worlds.
3. SUKU DeFi: SUKU DeFi is an ecosystem that includes purpose-driven lenders to provide microfinance opportunities to disenfranchised supply chain participants.
Furthermore, the SUKU ecosystem employs SUKU Token in the platform activities of both trading partners and technology partners within the network. The SUKU Token serves the following key utilities:
Governance: The SUKU Token offers the user the right to vote. The voting opportunities include voting on proposals to improve the SUKU Core Layer.
Transaction Fees: The fees are for specific transactions where the SUKU Core Layer is used. Also, technology partners may earn SUKU Tokens for designing applications or services.
Rewards/Incentives: Users on the platform are rewarded in the SUKU Tokens. Post onboarding onto the platform, to interact on the forum, the user receives a SUKU Token reward to seed their wallet.
Who Founded SUKU?
James Bower, Addison McKenzie, and Shannon Coble cofounded SUKU in 2016. James Bower is the founder and chairman of Gamevice, a gaming company. Addison McKenzie is a SaaS entrepreneur. Shannon Coble is the chief of staff and an Air Force veteran. Yonathan Lapchik is the chief executive officer of SUKU and a former blockchain product lead at Deloitte, a professional service network.
The platform released its whitepaper in 2020.
How Many SUKU Tokens Are There?
The total maximum supply of SUKU is 1,500,000,000 tokens.
How to Buy SUKU Tokens
SUKU tokens can be purchased and traded at an exchange like Coinbase.
SUKU is on the rise this week.
The price of SUKU has risen by 20.50% in the past 7 days. The price increased by 6.11% in the last 24 hours. In just the past hour, the price shrunk by 3.82%. The current price is $0.09585 per SUKU. SUKU is 93.93% below the all time high of $1.58.
The current circulating supply is 178,280,271.102 SUKU.
SUKU on social media.
SUKU was mentioned in 20 out of 1,665,739 social media posts on Twitter and Reddit on Jun 24, 2022. 20 unique individuals are talking about SUKU and it is ranked #1,115 in most mentions and activity from collected posts.
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