Bitcoin Forum

Previously I covered Aptos and 20 early-stage projects in the $APTOS ecosystem.

Now let's move on to Sui by MYSTEN LABS

This thread will explore all about $Sui and all the early projects in the Ecosystem.

Sui is a Proof Of Stake Layer 1 chain that focuses mainly on scalability and dynamic NFTs to support metaverse-based applications.

Sui is written in Rust and supports smart contracts written in the Move programming language.

Not to worry, this thread has all the basic informations you need to know before buying into anything in the SUI ecosystem

A THREAD 🧵

1) Why is Sui so hyped ?
Just recently, SUI raised a total of $300m from various crypto venture capitals
The Founders Evan Cheng, Sam Blackshear and Adeniyi Abiodun were all former employees at Facebook META, they both worked on the LIBRA project when working with META.

when working on LIBRA they helped develop the MOVE PROGRAMMING LANGUAGE (MPL), MPL technology can run more than 160000 transactions per second
MPL technology will also be used to run the SUI Mainnet, so it is extremely fast and secure.
Now let’s get started

2) Where can I buy SUI ?
Currently, Sui ecosystem is still in its early stage and still on devnet
NOTE: Devnet will go through periodic wipes and reset as the dev team is still adding a number of core features and also changes made to their contracts and nodes will need to be thoroughly scrutinized.
When launched, just be sure that you will be able to buy and trade SUI $SUI on all major exchanges.

Sui Ecosystem is valued at $2 Billion, with VCs involving FTX, Coinbase, A16Z, etc.

3) What Sui wallets can i use ?
-Sui Wallet (recommended)
-Suiet Wallet
-Ethos Wallet
-Hydro Wallet 
-Morphis Wallet

Sui wallet is backed and supported by Mysten Labs

Also all the above wallets only works for Chrome on Windows or Mac.

4) What Marketplace can i trade Nfts on Sui ecosystem?
-Bluemove Marketplace
- Sui Gallery Marketplace
- STARSPACE Marketplace
- Clutchy Marketplace
- Keep Sake Marketplace

These are the nft marketplace been built on the ecosystem as at now.

5) What upcoming Nft projects can i look into ?
A lot of NFT projects launching on Sui has been popping up over the last few days

bullish on these ones:

-@Babyapessociety
-@Suidroplets
-@SuiMonkeys
-@Eggworld_sui
-@CyborgsNFTs
-@TokenMasksLabs

NFA.

Well everything above has the basic information you need to dive into the Sui ecosystem.

NOTE: There's so much project been built in the ecosystem, please do your best to check them out and interact with their platform to position yourself for an airdrop.

Follow me on twitter for information's about all this potential airdrops: https://twitter.com/Hidarbillion

does sui also have the potential to hold an airdrop?
see aptos is very busy because they suddenly issued an airdrop announcement, if sui holds it the competition between aptos and sui will be fiercer, these 2 projects will be top in 2022, can't wait to see SUI mainnet Q4  ::)

For incentivized testnet only.

The requirements are still remain unknown but i don't think there will be an airdrop. So many people are asking this in the telegram group and mod has been even clarifying it if there will be no airdrop for the future. I have been running devnet node for sui and apply for incentivized testnet.

It seems like that airdrops will be only coming for node and validators.

I would like to see how VC will be pumping this coin. SUI will be as big as solana. VC is a key to make your project becomes big instantly.

No, they don't have. Here's a helpful thread on how you can get the potential of its ecosystem: https://twitter.com/Sui_Station/status/1579459522665803776?t=p0dn5zIIJB2GSrYBzv91kQ&s=19. They may not issue an airdrop but platforms built on Sui are likely to be good on its potential airdrop just like what BlueMove is doing right now.

I tested this ecosystem on the testnet. Minted a few NFTs, tried to buy a domain name through a wallet, but it didn’t work out due to an error. The general impression is that this is another useless clone of the competitors of the Ethereum ecosystem. If there are 100 or slightly more validators in an ecosystem, then it makes no sense to talk about its decentralization. I still don’t understand why there are so many clones of Ethereum competitors with similar DeFi projects on the market?