Suterusu Price Chart Update [SUTER]

Suterusu (SUTER): An Overview

Suterusu is a second-layer private payment infrastructure designed for smart contract platforms. It implements the advanced ZK-ConSnark algorithm, which eliminates the need for a trusted setup. This algorithm improves proof generation and verification efficiency compared to similar solutions. Suterusu's Protocol has been accepted by Eurocrypt 2021 and has been successfully integrated into various platforms, including Ethereum, Binance Smart Chain, Heco, SmartBCH, and Theta. The project's objective is to expand its deployment to other smart contract platforms such as Near, Solana, Avalanche, Moonbeam, Plasma, and Matic. Suterusu stands out as the first privacy project funded by Near's official Cypherpunk Guild Fund and is also applying for grants from the Solana and Polkadot ecosystems. The project aims to build a private payment infrastructure for any cryptocurrency and has attracted investments from renowned institutions.

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Suterusu's Unique Features

While many cryptocurrencies enable global transactions, maintaining complete anonymity often poses a challenge. Suterusu addresses this issue by leveraging its original ZK-ConSNARK technology, which ensures privacy protection without compromising smart contract support. Suterusu's product, Suter Shield, empowers users to benefit from the privacy payment functionality provided by the Suterusu Protocol. Suter Shield functions through four essential steps: registration, funding, transfer, and burn. Suterusu's use cases encompass private DeFi payments, proof of identity, and data protection and monetization. The project generates revenue through a 20% handling fee of the Ethereum network cost.

Suterusu (SUTER) Coin Supply

The total supply of SUTER tokens is capped at 10 billion. Out of this supply, 16% were sold during a private fundraising campaign, 3.2% were allocated to the Suterusu Foundation, 4.8% were reserved for the team, and the remaining 76% will be utilized for future user growth. The investor tokens were unlocked in January, while the team and foundation tokens will be unlocked on October 10th, 2022.