Why is SUKU (SUKU) crypto grabbing attention?

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Why is SUKU (SUKU) crypto grabbing attention?

Why is SUKU (SUKU) crypto grabbing attention?
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Highlights 

  • SUKU (SUKU) is a blockchain-based ecosystem for Web3 solutions.
  • Its solutions comprise of InfiniteWorld, SUKU Omni, and SUKU DeFi.
  • SUKU is an ERC-20 compatible token used in the ecosystem.

The SUKU (SUKU) crypto was trending on Friday after announcing that British automotive manufacturer McLaren Automotive would launch its Genesis Collection of NFTs powered by InfiniteWorld. McLaren is known for its supercars produced in-house.

What are SUKU and its ecosystem?

SUKU is a blockchain-based ecosystem for Web3 solutions. The ecosystem is designed to empower innovative brands and creators to engage with their audience in different creative ways, both in physical and virtual worlds, through its solutions.   

Its solutions comprise of InfiniteWorld, SUKU Omni, and SUKU DeFi. 

InfiniteWorld is an NFT marketplace and metaverse. The Infinite marketplace creates state of the art, carbon-negative NFT worlds and marketplaces for brands and creators that elevate consumer experiences.  

SUKU Omni provides transparency and traceability solutions where corporations and brands can transform their supply chain into verifiable and engaging stories for their customers. According to its website, nearly 40% of customers would switch to products that offer more transparency.

Its DeFi solution offers microlending to harness Decentralized Finance Technology to make a better, more inclusive world. SUKU DeFi is an ecosystem of purpose-driven lenders who provide microfinance to disenfranchised supply chain participants.

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It uses an algorithmic, autonomous interest rate protocol combined with SMS and WhatsApp based tools for participants to open the financial applications. Its ecosystem comprises the SUKU platform, SUKU token, Trading Partners, and Technology Partners.

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Why is SUKU (SUKU) crypto grabbing attention?Data Source: coinmarketcap.com

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SUKU Token:

SUKU is an ERC-20 compatible token used by its trading and technology partners in the SUKU ecosystem. The token allows users to engage and earn across platforms. The token is used for unlocking exclusive experiences in the metaverse.

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There are more than 4300 token holders. Out of the total supply of 1.5 billion, its circulating supply is 119 million SUKU.

Its trading volume rose 16.08% in the last 24 hours to US$4.9 million. The SUKU token fell 3.55% to US$0.1658 at 2:15 pm ET. 

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Bottom line:

SUKU has a market capitalization of US$19.6 million. MEXC, BTCEX, Huobi Global, KuCoin etc., are the crypto exchange where this token can be purchased and traded.

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