Sui is the world’s first permissionless Layer 1 blockchain completely designed from the ground up. Sui is well-known as they are created by former Meta developers. In this article, we provide a guide on how you can be eligible for a potential SUI token airdrop.

What is SUI?

Sui is a decentralized, proof-of-stake blockchain with horizontally scaleable throughput and storage. Sui aims to be a step-function advancement in blockchain technology that will allow creators and developers to build experiences for web3 users.

The project is created by former senior leaders of Facebook’s (Meta) advanced blockchain research and development organization. The team first came together to form Mysten Labs– the company behind Sui. The team is also building Move– an open-source smart contract programming language.

Check out our Sui blockchain guide: Revolutionary Scalability Solution?

What is the Sui $SUI token?

The SUI token is the native token of the Sui platform. It will have a total supply capped at 10,000,000 (i.e. 10 billion) tokens.

SUI token will have 4 main purposes: Gas fees, staking, governance, and as an underlying asset of the Sui economy.

The team has confirmed that Sui community members can purchase the SUI token during the early Sui Mainnet stage. Sui will also have a Community Access Program. This program will reward Sui supporters who have helped test Sui Apps. Rewards will also be distributed to those who help promote Sui.

Will there be a Sui $SUI token airdrop?

There is no official announcement for a $SUI token airdrop, yet. However, the Sui team emphasized in its blog post that they will prioritize the distribution of SUI tokens to early community members. The team also said that those who are already spreading knowledge about Sui, onboarding developers, and testing and refining its’ applications will be part of Sui’s token allocation. However, this will only be after the launch of their mainnet.

The latest news is that the Sui mainnet will be launched in Q1 2023.

How can I participate in a $SUI token airdrop?

The Sui team has not officially announced how and when they will do a $SUI token airdrop. However, they have already strongly hinted that they will prioritise rewarding early community members and supporters. Also, rewards may only be distributed after their mainnet launch, which hasn’t happened yet.

If you want to potentially be eligible to receive a Sui token airdrop, it is suggested to get on board early. From Sui’s blog posts, it appears that helping spread knowledge about Sui, onboarding developers, and testing and refining its’ applications will be rewarded.

The post Sui ($SUI) token airdrop guide: How to get free tokens appeared first on Boxmining.

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Filed under: Bitcoin - @ February 1, 2023 11:12 am