This guide will provide precise instructions on how to meet the requirements for the Sui airdrop, which is anticipated to be one of the largest airdrops in 2023. By dedicating only one hour of your time, you may earn hundreds or even thousands of dollars.
Brief Intro:
Sui is a Layer 1 blockchain that operates on a permissionless model, and it was developed entirely from scratch. In this guide, we will provide you with the best approach to maximize the SUI airdrop. It is expected that the airdrop will occur sometime in Q4 of 2023, so it is advisable to begin generating blockchain evidence as soon as possible to take full advantage of this opportunity.
Sui is a proof-of-stake blockchain that is horizontally scalable, providing ample throughput and storage. Its purpose is to revolutionize blockchain technology, enabling creators and developers to create innovative experiences for Web3 users. The project was initiated by former Facebook (Meta) blockchain research and development executives who established Mysten Labs, the parent company of Sui. The team is also working on Move, an open-source programming language for smart contracts.
Presently, Sui has launched its “Permanent Testnet,“ making it the ideal time to accumulate blockchain evidence to obtain the airdrops. Based on similar initiatives, it has been observed that the more frequently you engage with the blockchain, the greater the number of airdrops you receive. It is anticipated that $SUI will provide “tiered” airdrops, granting more tokens to those who interact with the blockchain the most.
Questions You Might Want to Ask
What is the Sui $SUI token?
The SUI token is the native token of the Sui blockchain, with a maximum supply of 10 billion tokens. SUI will have four main purposes, including gas fees, staking, governance, and as an underlying asset of the Sui economy. The team has confirmed that SUI can be purchased during the early Sui Mainnet stage, and there will be a Community Access Program to reward supporters who help test and promote Sui.
Will there be a Sui $SUI token airdrop?
Currently, there is no Sui token airdrop. However, the team has indicated that they will prioritize rewarding early community members and supporters when they do distribute tokens. In August 2022, Sui had a token airdrop for its Testnet Wave 1 and 2 validators, but registration has since closed. To potentially receive a Sui token airdrop in the future, it’s recommended to get involved early and participate in activities like installing the Sui Wallet, staking Sui, and registering a domain on Sui Name Service.
How can I be eligible to potentially receive a Sui token airdrop?
If you’re interested in potentially receiving a Sui token airdrop, there are several things you can do to increase your chances. For example:
- You need to install and use the Sui Wallet
- Request SUI devnet tokens,
- Stake and earn Sui,
- Mint Sui Capys NFT,
- Register your domain on Sui Name Service,
- Participate in Sui testnet waves,
- Interact with protocols in the Sui ecosystem.
Step-By-Step Guide
How to install and use the Sui Wallet
To install and use the Sui Wallet, you can go to their documentation page and click “Sui Wallet browser extension.” This will take you to the Chrome web store, where you can add the extension to your browser. Then, you can create a new wallet by entering a password and saving your recovery phrase. After confirming that you’ve saved your recovery phrase, you can open the Sui Wallet and start using it.
To request devnet Sui tokens
You need to have a Sui wallet and click the “Request Devnet Sui Tokens” button to receive $SUI. You can request more tokens by clicking on the three lines in the top right corner of the wallet and selecting “Request Devnet SUI Tokens“. Alternatively, you can join the devnet-faucet channel in Discord to learn how to request more tokens. For More info on this click here.
You can stake your Sui and earn more
You can stake your Sui and earn more by clicking the “Stake & Earn SUI” button on your Sui wallet, choosing a validator, and specifying the amount to be staked. You can also track your staked Sui and APY on the “Coins” tab, and withdraw your Sui whenever you want.
Mint Sui Capys NFT
To mint Sui Capys NFT, visit https://capy.art/ and connect your Sui wallet. Then, select “Get a free Capy” and approve the transaction on your Sui wallet. You can mint a maximum of two Capys, and then breed or sell them.
Register your domain on Sui Name Service (SuiNS)
To register your domain on Sui Name Service (SuiNS), go to the “Apps” tab on your Sui wallet, click “Sui Name Service (SuiNS)“, and search for names. Once you choose your desired name and click “Register Name”, you need to connect your Sui wallet, approve the transaction (two approvals are required), and pay 0.001 SUI for the registration fee.
Make use of protocols in the Sui ecosystem
There are many projects being built on Sui, including Synthr, a synthetic asset protocol that will do a $SYNTH token airdrop. When reviewing a potential airdrop, it is essential to consider factors such as the likelihood of the project doing an airdrop, the token allocation, the difficulty of participation, the token utility, and the token lockup period.
Sui is expected to do a huge $SUI token airdrop to reward early and loyal users, and it has already done a successful airdrop in the past. The SUI token will have multiple purposes, including gas fees, staking, governance, and underlying asset of the Sui economy. The token lockup period for any airdropped tokens is unknown at this time.
Key Notes:
- Sui is a scalable and permissionless Layer 1 blockchain designed by former Meta developers.
- SUI is the primary token of Sui, which serves four main purposes: gas fees, staking, governance, and economy.
- At present, there is no official SUI token airdrop, but the development team has hinted that they will compensate early community members and supporters.
- To qualify for a future SUI token airdrop, users can install and use the Sui wallet, earn SUI tokens by staking, register names on SuiNS, mint and breed Capys on Capy.art, and explore other projects built on Sui.
Conclusion:
Keep in mind that the team hasn’t announced when or how they will do a token airdrop, but they’ve hinted that early community members and supporters will be prioritized.
Having completed the above tasks, you are now prepared to be eligible for the Sui Airdrop. It’s simple to meet the qualifications, and you don’t have to take any risks with a potentially hazardous investment. Thank you for reading! If you found this article helpful, please share it with your friends. Additionally, have a look at other beneficial articles on our blog..
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