SUI 3.14? Scam? Gem? Diem? Or why feed and feed some more?
Let's find out what the former FACEBOOK team is going to feed us). How much did me manage to earn from participation in activities? Will Sui accelerate to the capitalization of Solana? How did the project dead on the asset brought x2 to the deposit for a month? $SUI at 5-10$ by April? How else can you make money? All this and not only you will learn in this article. Enjoy reading it!
Table of contents
Who is SUI and his team?
Sui on the technical side
Тokenomics and funds
Price forecast
Why is it more profitable to buy $SUI than coins from the past cycle?
Community...
Sui quest or easy x2 to deposit
How to earn now and how much have you already managed to earn?
Sui is the most generous project on the bear market?
A trading bot from the SUI team? What?
A little bit about the token
Bottom line
Sui is a tier 1 blockchain that.... blah blah blah blah, no one cares, everyone already knows, cheap, fast, ambitious as always, ala eth 5.0 or sol 2.0 Let's look at the really interesting points/numbers
The Mysten Labs team was founded by former META employees, including Evan Cheng and Adeniyi Abiodun, who have extensive experience at Meta/Apple/Facebook. At Meta, they worked on Diem blockchain/payment system for the social network and Move programming language, which is what SUI is built on. But "something" went wrong and the team founded Mysten Labs, leaving Meta under their wing. They were stifled by regulation, prevented from launching in 2019. The US and EU were putting sticks in their wheels and the best solution was to "separate" and continue under a different name. The team has experience with crypto and in general they are professionals with a capital letter.
Technical side
Let's continue to talk a little about the tedious but important topic - the technical side, so we can understand at least the mood of the team, the prospects, we can conclude what wants to sui, to skim / collect money and go into the sunset or, still, to develop WEB3 industry?
What is Move and why is it better than eth on Solidity? In short, according to the developers, it is safer, faster and cheaper than eth.
Faster? Because it can process transactions in parallel, i.e. Sui can process many transactions simultaneously. Evm blockchains, on the other hand, do it in a queue.
Safer? An asset that is owned by someone else can only be used by its owner. All authorizations to various decentralized applications and wallets take place at the expense of a special private key of the user. These are just a couple of points, but in reality we will only be able to evaluate the security in practice, so time will tell!
Cheaper? Here it is unambiguously yes and will remain so, because they certainly have no problems with scaling.
Bottom line: The team's attitude is confident. The fact that they banned RF in seyl is of course sad, but, unfortunately, this is the time we live in. Yes, it contradicts the fundamental laws of cryptocurrency, but come on, we still live in a capitalist world. Von USA is banned everywhere and everywhere and is much stricter, it's a sin to complain. Perhaps after reading this article you will change your opinion.
If you are interested in the technical side of the project and want to know more, you are welcome here. If you have found any serious bugs, SUI will pay you for it.
Tokenomics
I hope you didn't get bored. Now back to the interesting stuff - tokenomics. Let's start with the funds. They raised $330mn+ from such famous funds as A16z, Jump, Coinbase etc....
A16z acted as Lead investor, these guys have been investing billions of $ in crypto since 2013 and clearly know their business + once invested in FACEBOOK itself)
$36mn was raised at $0.045 in round A and $300mn in round B at $0.5 per token.... As I recall, the price is now 0.48$) As I see it, entering at the fund price is quite attractive, considering that when $APT dropped to the fund price, it gave 4x in a bear market.
From the Round A price we have 5x, from Round B 0.96x... and 5-15x from the safeties on the various exchanges. Which is relatively small.
Below are 2 graphs. 1st chart $APT, 2nd chart $SUI. Think.
Maximum supply SUI 10bn tokens, in circulation now almost 800mn. Until April 24, there will be no serious unlocks and unlocking of tokens will be the same as in the last 4 months. In April will be the first serious unlocking of funds and then also linear smooth unlocking.
You can self-study and keep track of dates here.
We will see all 10bn tokens only in summer 2083) Funds are good, so there is a chance that they will not pour token into the glass, but try to pump it as solana. Wouldn't be surprised to see a base dump to unlock and x5 after....
You might say: "but every month new tokens will be anlocked and it will negatively affect the price". The token $SUI has fallen 64% since its release, is that a lot? Take into account that most of the crypto market has dropped 30-50% since May. So, I guess not and it won't really stop $SUI from giving Xs.
Tokenomics is exemplary, only 14% of tokens are allocated to investors, which is not much. The main part is allocated to the community and most of the tokens have long lockups, so a strong pressure on the price should be expected only in April, and that is not a sure thing.
I think, by the first serious break $SUI should give a couple of X's taking into account this data + by this time the market may revive and given the favorable conditions, you can count on 5-10x, but do not hurry to buy, September is usually a red month and recently there was a break, it is better to divide the purchase at least into 2 parts: 1 part to take now and the second part next month, the prices there can be even nicer. $APT had a $5bn cap in similar conditions, I don't see any obstacles for $SUI to repeat history.
Besides, practice shows that in a bull market it is new projects that shoot, while old ones often do not even reach their ATH. Therefore, it is worth looking at new projects, as on average, they give more X.
Okay, we've dealt with buying a little bit, but how can you make money on Sui now? I'll tell you soon, but for now let's look at another important metric.
Community
Everyone knows how Sui is popularly known, but oooh, things have been changing recently, why? Let's start with the fact that the community is big, 600k+ followers on twitter with a tweetscout score of 1467 points. 700k+ in discord, but there are not enough assets, 200-300 likes on twitter and 5-10 messages per hour in discord... I think the team can see it themselves.
So why is the situation changing? Their reputation didn't change much after the sale, but their current event has a little bit of an effect on that because, it gives them a good amount of money.
Actions
What kind of event is this? Sui quest from July 28 to September 5 was the 2nd season of the event. It was necessary to throw liquidity in different protocols and perform tasks, for all this were awarded points. Among the top 5000 shared 2.5mn $SUI and among ALL the rest 2.5mn more. 1 to 500 place gave 2250 $SUI (1100$), top 500-1000 gave 1250 $SUI (~600$) and top 1000-5000 gave ~156 $SUI (~75$). Another 245,000 wallets received $10SUI each.
Do you think it was difficult to get into the top 500? No, pretty much anyone could do it, you just had to figure out the point system a little bit. If you went in on week 1-2 of the quest, all you needed was $600-700 in stables and their $5-10 Suifrens: Bullsharks nft, which they gave away to pretty much everyone for minimal tesnet interaction. If you went in on day 1, I think $200 would be enough. By the way, nfts during the quest were worth 10-15$, after the quest they sagged to 5$. I'm certainly not implying anything, but it's likely their nfts will be given x2 again in season 3.
As for me, it was the easiest +1k$ from account. x2 to deposit, also risk free. To get $10 $SUI you had to buy nft, touch 3 apps and pour at least $5 $SUI of liquidity. The first season was even easier, but I didn't participate, I don't know, but I got 25 $SUI on my account for minimal interaction. If we add to that the profit from the sale (on average 1500-5000$ per account), we get almost the most generous project on the bear, which replenished the bags of cryptans quite well.
Season 3 is coming up, it will probably be harder to get into the top 500, although even after the bump in season 1 I didn't notice much competition. It may well still be easy to get into the top 1000 in season 3. Next season will most likely be game related, the award system is unlikely to change.
SUI really feeds. Name at least 1 project for the last time, in which you could get ~1200$ per account for an hour of work and 500-600$ investments?
In addition to the rather simple and lucrative quests Sui gives you the opportunity to use their Capy Trading Bot. Yes, yes, a trading bot from the SUI team, you heard me. In a nutshell, it knows how to arbitrage within the blockchain (3 dex), knows how to determine if the price is rising or falling, which allows it to trade and analyze price differences from CEX exchanges. All descriptions and installation instructions can be found here.
Token
Let's get back to the token. There is nothing interesting here, just a regular blockchain token, everything is the same as always.
But the attitude of the developers gives a big +. Let me remind you that the project was originally conceived as a social network payment system, which suggests that perhaps we will see the realization of this idea, perhaps even faster than Ilon will do it. You can see that their ecosystem is growing, working beautifully and the developers themselves are really contributing to it. Becoming a social network payment system, is not an easy task. The team at the very least needs to do a huge amount of testing, which I believe they are doing through their quests.
Those who are familiar with Aptos might say, something is not right here 🙂 🙂 .
Yes, the projects are very similar, similar background, the same programming language, the same goals.....
But in my opinion sui, at least now, looks at least not worse + if we compare tokenomics, sui looks more attractive in terms of speculation at the moment.
Results
1) Technically the project is good, very good
2) The team is on the level, not Indians 🙂 )
3) Tokenomics is adequate and competent
4) Funds are good, these funds have a huge impact on the market and can make sui into anything
5) Community, well here as it is, the main red flag, but it is worth sui to give 5x as everyone will forget their grudges and carry their bags)
6) Price. Constantly jealous of funds and their prices? You are wellcome...
7) Lots of opportunities to make money. There and bug bounty, and quests, and the price looks attractive, and also a trading bot.
Sui gives a good scope for both investment, speculation, activity and DeFi/GameFi sphere. There is clearly something to do, something to capitalize on and something to think about. If they focus on GameFi and mobile games, for example, they can make a good price in a bull market.
Sui gives you earnings now without risk and can give you earnings in the future through both growth and new activities.
The purpose of the article was not to lick the project from head to toe, telling about every little detail, no. I just wanted to take a sober look at the situation and tell you a little more about SUI than just the office....
I hope I managed to give you some food for thought. And the main question is, what kind of company is SUI?) I suggest discussing it in the comments.