How can the community obtain SUI Token when the mainnet is coming soon?

How can the community obtain SUI Token when the mainnet is coming soon?

Early this morning, Sui development team Mysten Labs held a Twitter Space on its official Twitter account with the theme “The Wave to Mainnet”. Two co-founders, Evan Cheng and Adeniyi, participated in the Twitter Space to answer everyone’s questions about SUI Network.

Here are some quick answers to frequently asked questions:

Q:What is Wave to Mainnet?

A: "The Wave to Mainnet" is a series of educational events and content designed to further educate the community about the potential of SUI Network's protocol before the mainnet goes live.

Q: When will the Sui mainnet be launched?

A: Sui mainnet will be launched in Q2 this year, and more information will be shared soon.

Q: How can I get more information about SUI in the first place?

A: All official information can be found at https://sui.io or the SUI Discord group

http://discord.gg/sui

Q: Will there be an airdrop? How can the community obtain SUI Tokens?

A: Currently, the official said that there is no formal airdrop plan, but SUI Network has released the SUI Token community access plan and the distribution details of SUI Token.

SUI Token Community Access Program

https://sui.io/resources-sui/community-access-program

The Sui community is very diverse. Considering the community audience's desire for SUI Token, SUI Foundation is carrying out different SUI Token distribution plans:

Developer Grants : Provides funding to teams building native open source applications.

SUI Delegation Program : Delegating SUI Tokens to community-run validation nodes to help bootstrap their operational networks.

Ambassador Program: Provide community members with tools and resources to promote Sui projects and technologies and share Sui knowledge with local communities;

University Outreach Program: Discover future developers to foster the next wave of builders in Sui’s ecosystem;

Educational Program: Rewarding those who take the time to learn and research Sui, sharing knowledge with the wider Sui community;

While only the developer grant program is currently operational, the rest of the programs are actively underway and will be launched in a short time. The Sui Foundation aims to have all of these projects live before the Sui mainnet launches.

SUI Token Allocation Details

https://sui.io/resources-tokenomics/sui-token-allocation

The Sui Foundation supports and empowers builders and creators in the Sui ecosystem. Importantly, the Sui Foundation plays a key role in spearheading decentralization efforts by spreading the SUI token across the community for optimal use. Initially, the community reserve managed by the Sui Foundation holds more than half of the SUI tokens, which will be used for various community projects:

Delegation Program: The Foundation will help guide community-run validation nodes and will promote fair distribution of network validation node rights by delegating their staking rights to third-party nodes;

Grants Distribution: The Foundation will distribute tokens directly to developers, community ambassadors, and other participants who build on Sui and create educational materials to make it easier to join Sui;

Research and Development: The Foundation will support the further development of the Sui protocol to ensure that it continues to maintain its advantages;

Validator Subsidies: The Foundation has allocated a large amount of tokens to subsidize staking rewards in the early stages of the network.

The pie chart above contains a rough depiction of the Sui token distribution at mainnet launch. However, the Sui token distribution will undergo some fundamental changes as the network matures into decentralization.

For Sui friends who are already spreading knowledge about Sui, introducing developers to Sui, and testing and helping to improve the product experience of Sui’s current applications, the Foundation will ensure that you participate in Sui’s token distribution once the mainnet is launched.

<<:  Will Hong Kong, which is expected to attract more than 80 crypto companies to go all in within half a year, become a global crypto hub?

>>:  The Fed raised interest rates by 25 basis points as expected, suggesting that the tightening cycle is nearing its end

Recommend

What kind of woman is a lover or mistress?

Some women only care about money, are very vain i...

Sincere people can be honest with others. These types of people can be trusted.

People like to get along with sincere people. Suc...

Moles on men's backs - what are the effects of moles?

Physiognomy involves many aspects. Depending on t...

What kind of woman is blessed? What are the characteristics of a blessed woman?

A woman with a clear and deep philtrum is often v...

The fate of a woman can be determined by her face.

In fact, a woman's destiny can be directly de...

Judging from your face whether you will be blessed with children

It is a blessing for a person to be able to enjoy...

Does a man with a widow's peak necessarily cheat on his wife?

Cheating has always been the biggest trouble in m...

What does it mean that three white eyes have a sword?

What does it mean that there is a sword in the th...

A short wisdom line on a man's palm indicates a slow brain development

How to read the complete graphic diagram of a man...