SUI is brought to you by Facebook’s (Meta) former senior leaders in advanced blockchain research and development. The tech behemoths together formed an organization called Mysten Labs.
Sui is a proof-of-stake blockchain that is entirely decentralized with horizontal scalability and storage. It aims to represent a step-function development in blockchain technology that will let designers and programmers build experiences for Web3 users. Sui is the world’s first permissionless Layer 1 blockchain built from scratch. As per the resonated projects in blockchain, the blockchain interactions are entirely proportionate to the receiving number of airdrops. With “tiered” airdrops, $SUI is likely to distribute more free tokens to users who engage with the blockchain more frequently.
In this guide, you will find all the information you need, starting with the schedule, eligibility criteria, and crypto exchange announcements. Let’s first begin by understanding Sui.
Sui (SUI): An overview
Sui Network is gaining attention as the first permissionless Layer 1 blockchain built from the ground up. Following Arbitrum’s successful airdrops, it is one of the popular projects to airdrop this year. According to rumors, it’s a rapidly expanding platform that could put Solana in danger. Unlike Solana, which focuses on DeFi, it plans to support Web3 and NFTs. The successor to Diem claims that the problems with scalability, security, and gas cost have been resolved by its special features and programming language.
The native token of the platform, the SUI token, which has a total supply of 10 billion tokens, serves four essential purposes: gas fees, staking, governance, and acting as an underpinning asset of the economy.
Early donors will receive a total of 20% of the supply under the SUI allocation. Additionally, the company stated that giving tokens to the neighborhood would be a top priority. This has also led to rumors about a significant airdrop for early participants.
Although Abiodun’s aforementioned claim has been verified, the community still believes that the project will offer users an airdrop. Sui is about to airdrop.
Schedule for Sui token airdrop
SUI token is available from Day 1 on a number of cryptocurrency exchanges. The SUI token will be released on May 3, 2023, the same day as its public mainnet. SUI tokens ought to be available for purchase from Kucoin, OKX, Bybit, and Binance. Probably, you should be able to purchase from Coinbase and other cryptocurrency exchanges as well.
Here is the step-by-step guide explaining the process of participation in Sui airdrop.
Download the Sui wallet on your browser.
Open a fresh wallet.
Create as many addresses as you can.
Verify that you are connected to the “Devnet” network.
Then, in order to obtain devnet SUI, click “Request Devnet SUI.” Additionally, their Discord channel offers devnet tokens for purchase.
Then choose a validator and stake SUI tokens by clicking “Stake & Earn SUI.”
Attempt sending SUI to multiple addresses as well.
Don’t forget to interact with dApps based on SUI, such as Sui Name Service and Suiswap.
They’ve already stated that they will introduce their own token called “SUI” and offer incentives to early adopters. It’s highly likely that when they launch their token, early devnet or testnet users will be qualified for an airdrop.
Crypto exchanges supporting the SUI Token
SUI tokens ought to be available for purchase from Kucoin, OKX, Bybit, and Binance. Although the listing news has not been confirmed yet, you should be able to purchase from Coinbase and other cryptocurrency exchanges as well.
Binance: The SUI token Launchpool on Binance supports two different pools.
In order to earn SUI token rewards, users can stake their BNB or TUSD. A total of 32,000,000 SUI tokens, or 80% of the reward, are up for grabs from the BNB pool. The final 20,000% of the total reward, or 8,000,000 SUI tokens, is offered by the TUSD pool.
Both pools will have a two-day farming period that begins on May 1st, 2023 at 0:00 UTC and ends on May 2nd, 2023 at 23:59 UTC. As compensation for staking their BNB or TUSD during this time, users who take part in the Launchpool can receive SUI tokens.
OKX: One of the FIRST multi-chain wallets to incorporate the Sui Network upgrade is OKX Wallet, which will help to better promote the new network and the multi-chain ecosystem. The OKX Wallet Web Extension and the OKX Mobile App will allow you to view and trade assets on Sui.
Alongside Sui World, OKX Wallet has simultaneously begun the Sui Airdrop Carnival on Galxe. To be eligible for the 5K US dollar Sui token airdrop, use the Sui testnet address to participate and complete the campaign’s tasks. Then, after the Sui mainnet goes live, import the address to the OKX wallet.
Kucoin: There are two methods for taking part in the SUI token sale: holding and acquiring lottery tickets for general public sale or finding out from the Allowlist that you are a qualified ecosystem contributor.
The total number of lottery tickets that each user can buy will be determined by the hourly average Net Asset Value (NAV) in USDT of USDT, USDC, BTC, ETH, and KCS. Following the subscription period, winners will be selected through a lottery draw. Users must have a daily average Net Asset Value (NAV) in USDT of at least $50 to be eligible to participate. The number of tickets a user receives depends on how many holdings they have.
All Sui ecosystem contributors are welcome to use this pool. Users must have been officially allowed listed by the Sui Foundation in order to take part in Spotlight Pool B. Email addresses and names of qualified users will be supplied by the Sui Foundation to the allowlist, which will be used for verification throughout the Calculation Period. In order for the users to be able to purchase the tokens, they must be already registered on KuCoin or have just recently created an account there using the same email address and names as those on the allow listed users.
