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What is SUTER
The Suterusu project was established in Aug 2019. Suterusu brings total transparent privacy to any blockchain platform or application. It integrates a state of the art trustless ZK-SNARK scheme with nearly constant size proofs, efficient proof generation and verification. Suterusu also introduces a Suter Virtual Machine (SuterVM) that supports smart contract blockchains such as Ethereum. Suterusu is fresh technology based on sound principles and a true future-forward privacy protocol. The team is pursuing adoption alongside the development in parallel, projects like IOST, NEO, ProChian, SWFT, STPT, Theta have partnered with the project to build a layer-2 privacy solution.
Suterusu's economic model is deflationary. The system pays fees to validators at an early stage, and as the ecosystem develops, we can provide more advanced services in addition to payment. These potential services include privacy-protected identification, confidential data verification, and private data inquiry. These services are accompanied by a fair SUTER destruction mechanism.
The total capped supply of Suter tokens is 10 billion and the distribution is as follows:
- 16% reserved for fundraising.
- 8% for the Suterusu team.
- 2% for the Suterusu Foundation.
- 5% of future mining rewards will be allocated to the team.
- The remaining 76% will be allocated as mining rewards, with 5% of those rewards delivered to the Suterusu team.
Typical use cases
- Voting right in our online governance
- Network operations
- As gas fee