$APT airdrop: β
$SUI airdrop: TBA?
Sui is a Layer 1 blockchain that raised $300M in funding.
𧡠A thread: how to potentially qualify for $SUI
$SUI airdrop: TBA?
Sui is a Layer 1 blockchain that raised $300M in funding.
𧡠A thread: how to potentially qualify for $SUI
1/9
What is @SuiNetwork?
β’ A permissionless PoS L1 blockchain by Mysten Labs
β’ Current state: Testnet
β’ VCs: onboard (a16z, Binance, FTX, and others).
The blockchain needs a native currency: $SUI is confirmed, but we don't know if, when, and how there will be any airdrop
What is @SuiNetwork?
β’ A permissionless PoS L1 blockchain by Mysten Labs
β’ Current state: Testnet
β’ VCs: onboard (a16z, Binance, FTX, and others).
The blockchain needs a native currency: $SUI is confirmed, but we don't know if, when, and how there will be any airdrop
2/9
There are two airdrop strategies:
β’ Become a validator/node operator. Incentivized with 2000 $SUI (registration *closed* at the moment)
β’ Use Sui testnet. We will cover that on this thread
Aptos airdrop was as much as 15000 USD, depending on the selling price!
There are two airdrop strategies:
β’ Become a validator/node operator. Incentivized with 2000 $SUI (registration *closed* at the moment)
β’ Use Sui testnet. We will cover that on this thread
Aptos airdrop was as much as 15000 USD, depending on the selling price!
3/9
STEP 1: Choose 1 of 3 wallets:
β’ @suiet_wallet
β’ @EthosWalletXYZ
β’ @WaveWalletApp
(none of these has own token)
STEP 1: Choose 1 of 3 wallets:
β’ @suiet_wallet
β’ @EthosWalletXYZ
β’ @WaveWalletApp
(none of these has own token)
4/9
STEP 2: Get test tokens
β’ Connect wallet at sui.bluemove.net
β’ Hit 'SUI Faucet'
OR
β’ Hit the 'airdrop' button inside the wallet interface
OR
β’ paste !faucet + your address on discord
(Note that the network & the discord itself might be congested)
STEP 2: Get test tokens
β’ Connect wallet at sui.bluemove.net
β’ Hit 'SUI Faucet'
OR
β’ Hit the 'airdrop' button inside the wallet interface
OR
β’ paste !faucet + your address on discord
(Note that the network & the discord itself might be congested)
5/9
STEP 3: Use some protocols that are live now:
β’ NFT collections: @SuiBirds, @theSuiPunks, @TheSuiDoge
β’ NFT marketplace: @BlueMoveNFT
β’ Name service: @SuiNames
β’ DEX: @joinMovEX
(The protocols do not have own tokens yet)
STEP 3: Use some protocols that are live now:
β’ NFT collections: @SuiBirds, @theSuiPunks, @TheSuiDoge
β’ NFT marketplace: @BlueMoveNFT
β’ Name service: @SuiNames
β’ DEX: @joinMovEX
(The protocols do not have own tokens yet)
6/9
STEP 4: Watch the protocols that will soon deploy on testnet
Examples: @KriyaDEX, @SNSstork, @ArcoProtocol
The full list can be found on the @earndrop_io discord
You can join here: discord.gg
STEP 4: Watch the protocols that will soon deploy on testnet
Examples: @KriyaDEX, @SNSstork, @ArcoProtocol
The full list can be found on the @earndrop_io discord
You can join here: discord.gg
7/9
What about the $SUI Tokenomics?
β’ $SUI will be used to pay for gas fees
β’ $SUI will be a governance token for an on-chain voting
β’ $SUI will be distributed to validators for securing the PoS network
β’ 10B max supply
Details here: medium.com
What about the $SUI Tokenomics?
β’ $SUI will be used to pay for gas fees
β’ $SUI will be a governance token for an on-chain voting
β’ $SUI will be distributed to validators for securing the PoS network
β’ 10B max supply
Details here: medium.com
8/9
How is Sui Network different from the Aptos Blockchain?
β’ Scalability strategies (Sui plans to shard data storage efficiently and scale its resources horizontally)
β’ Consensus algorithms (Aptos: BlockSTM, Sui: Narwahl & Tusk), meaning different security
How is Sui Network different from the Aptos Blockchain?
β’ Scalability strategies (Sui plans to shard data storage efficiently and scale its resources horizontally)
β’ Consensus algorithms (Aptos: BlockSTM, Sui: Narwahl & Tusk), meaning different security
9/9
What about their similarities?
β’ Both use the Move (Rust-based) programming language
β’ Both raised $300M~ in funding from the biggest crypto VCs
β’ Both core teams worked in the blockchain dev department in Meta
What about their similarities?
β’ Both use the Move (Rust-based) programming language
β’ Both raised $300M~ in funding from the biggest crypto VCs
β’ Both core teams worked in the blockchain dev department in Meta
Being an incentivized validator could be a good strategy when they open again. Until that, some useful resources:
1. medium.com
2. Sui Node Installation Guide medium.com
3. Run a Sui Full node docs.sui.io
I will post here when it happens β‘οΈ
1. medium.com
2. Sui Node Installation Guide medium.com
3. Run a Sui Full node docs.sui.io
I will post here when it happens β‘οΈ
docs.sui.io/build/fullnode
Run a Sui Full Node with Indexer
Note: These instructions are for advanced users. If you just need a local development environment, y...
medium.com/whitelist-offiβ¦
Sui Node Istallation Guide
New gem? A sensational L1 blockchain that uses the Rust programming language and the Move programmin...
medium.com/mysten-labs/vaβ¦
Validator Registration Open
Earlier in June, we announced Sui Incentivized Testnet. Weβre happy to share that registration to pa...
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