# Suia Brief

Suia is the SocialFi DApp on Sui Network.

We received [**Sui Grants** ](https://blog.sui.io/grant-recipients-round-one/)& [**Sui Builder Heros**](https://blog.sui.io/builder-hero-award-winners) from Sui Foundation and [**wins MoveCTF champion**](https://twitter.com/Suia2023/status/1637403224855711744) and [**Sui Demo Day Champion**](https://twitter.com/Suia2023/status/1647557113923919872). We also collaborated with Sui Foundation to help them develop the APAC ecosystem which has connected 80+ solid projects for the past 16 months.

Sui Foundation also jointly with Suia launched the [**NFT coffee exchange system**](https://blog.sui.io/redeemable-nfts/) at Taipei Smart City Summit & Expo.

We are backed by Sui Foundation, HashKey, SevenX, EVG, BingX and Y2Z.&#x20;

We also launched the native cryptographically-secure fungible protocol token of Suia.io (ticker symbol SUIA), which is a transferable representation of attributed governance and utility functions specified in the protocol/code of Suia, and which is designed to be used solely as an interoperable utility token thereon.SUIA provides the economic incentives that will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Suia, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts.

SUIA is an integral and indispensable part of Suia, without SUIA, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem in Suia.

Given that additional SUIA will be awarded to a user based only on its actual usage, activity, and efforts made on Suia and/or proportionate to the frequency and volume of transactions, users of Suia and/or holders of SUIA who did not actively participate will not receive any SUIA incentives.

