Privacy Protocol Suterusu Announces Auction of Its In-House Token xSuter
ACCESSWIRE
13 May 2021, 23:31 GMT+10
SINGAPORE / ACCESSWIRE / May 13, 2021 / The privacy-focused decentralized protocol Suterusu announces that it will be conducting a Dutch auction of its in-house token xSuter. Dutch auctions are auctions where the seller puts forward a high asking price and keeps lowering the price until buyers agree to buy the item.
Suterusu will conduct the auctions in five phases and each round will have a limited amount of tokens. The first phase will auction 1,000 tokens and the number of tokens will be reduced by 50 for each of the following phases.
In recent times, Suterusu has performed extremely well. Thousands of users now rely on Suterusu protocol to process truly private transactions on Ethereum and Binance Smart Chain. The network has so far handled over $157 million worth of transactions only on its Binance Smart Chain focused private transaction application, Suter Shield BS
Suterusu, a Layer-2 Privacy Protection Protocol, Acquires Strategic Investement from Fundamental Labs
April 5, 2021 @ 8:19 pm By Omar Faridi
Suterusu, which claims to be the first-ever layer-2 privacy protection protocol that doesn’t need a “trusted setup,” has reportedly acquired a strategic investment from
Fundamental Labs.
As mentioned in the announcement, Fundamental Labs will be focused on expanding Suterusu’s ecosystem and will be deploying Suterusu’s layer-2 private payment network “on more public blockchains.”
Fundamental Labs, a leading investment institution focused on the blockchain and distributed ledger tech (DLT) space, has been investing and incubating various blockchain infrastructure projects that aim to “reshape society and economy on a global scale.”