How to Participate in the Upcoming SUI Airdrop

Original author: Ani Gomtsyan

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Update: According to Adeniyi Abiodun’s tweet (Co-founder & CPO at Mysten Labs), it appears that the SUI airdrop is not going to happen.

Airdrop farming has quickly gained popularity among crypto enthusiasts as a means to earn sizeable amounts of money. Examples like the Optimism and Arbitrum airdrops have shown that it’s possible to make significant returns by simply participating in these events. Some people have even reported earning six-figure sums from hunting airdrops, with earnings reaching up to $110,000 on a single airdrop.

The Sui Network is gearing up for a potentially massive airdrop, which could provide an excellent opportunity for crypto enthusiasts to expand their portfolio. As a crypto portfolio tracking tool, our brand is not responsible for the airdrop, but we will be supporting the tracking of SUI coins in the future. In this article, we’ll guide you through the process of obtaining the highest amount of $SUI possible during the Sui Mega Airdrop.

What Is the SUI Blockchain?

Sui is a permissionless, PoS-powered Layer 1 blockchain that aims to provide instant settlement and high throughput while also enabling a wide range of next-generation latency-sensitive decentralized applications. It enables developers to create Web3 projects that will serve the expected massive waves of Web3 users.

Sui is launched to support the Web3 community, and it’s backed by Mysten Labs – the Web3 infrastructure organization founded by former senior executives at Meta’s Novi Research. This team consists of experts in cryptography, programming languages, and distributed systems.

According to Evan Cheng (Mysten Co-Founder and CEO), Web3 is currently in the dial-up phase, where processes are slow, expensive, insecure, and difficult to build. That is why Sui is launching with the goal of eliminating middlemen and allowing users to seamlessly integrate and interact with their favorite products across applications.

SUI Blockchain Tokenomics

SUI (also known as Mysten Labs coin) is the SUI blockchain’s native token, with a total supply of ten billion tokens.

Here are the four primary functions of the SUI token:

1. Use the SUI token to stake and participate in the PoS consensus.
2. Use the SUI token to pay gas fees for transactions and other operations.
3. SUI works as an asset that serves as a medium of exchange.
4. It entitles Sui blockchain investors to participate in on-chain voting.

The Sui blockchain tokenomics model includes three key participants:

1. Users: use the SUI platform to create and transfer digital assets (such as NFTs) or communicate with Dapps powered by smart contracts.
2. SUI token holders: delegate their tokens to validators to take part in the Proof-of-Stake mechanism. With SUI blockchain investors, they can also participate in Sui’s governance.
3. Validators: carry out transaction processing and execution on the Sui platform.

How to Get the SUI Airdrop?

1. Get a Wallet

By following the steps outlined above, you can maximize your chances of securing the highest amount of $SUI during the Sui Airdrop. Stay active on-chain, keep up with the latest updates from the Sui Network, and repeat the steps regularly to ensure you make the most of this exciting opportunity.

Conclusion

The Sui Airdrop presents a fantastic chance for crypto enthusiasts to add a potentially valuable asset to their portfolios. By following the steps outlined in this guide, you can position yourself to secure the highest possible amount of $SUI tokens during the airdrop. Staying active on-chain, keeping up to date with the latest updates from the Sui Network, and repeating the steps regularly are essential to maximizing your gains from this opportunity.

As a crypto portfolio tracking tool, our brand is committed to supporting the tracking of SUI coins in the future, allowing users to monitor their investments seamlessly. Don’t miss out on the Sui Airdrop, and make sure to keep an eye on other airdrops in the crypto space to continue expanding your portfolio and taking advantage of the growing Web3 ecosystem.