News

Sui Network To Launch Mainnet In Q2, No Official Plans For Airdrop

Key Points:

Sui Network announced that the project would launch Mainnet in the second quarter of this year.
The project also confirmed that they currently have no plans to airdrop.
From now until the mainnet, the project will host The Wave to Mainnet, a series of events to help users learn about Sui and understand this project’s potential.

The public blockchain Sui Network stated that the mainnet would be launched in the second quarter of this year to promote the Web3 development community on the protocol more.

In addition to revealing the mainnet time, the team clarified that there are presently no plans for an airdrop. This occurs in the context of the community anticipating an airdrop from Sui.

Moreover, from now until the mainnet, the project will host The Wave to Mainnet event. This is a series of events designed to introduce consumers to Sui and help them grasp the potential of this project with promising technology and unique solutions.

Web3 initiatives on Sui have lately grown in scope, with Mysten Labs and Battlemon Partner launching the top NFT, DeFi, and gaming hubs, as well as an open universe of diverse on- and off-chain games.

Sui and Aptos are both blockchain initiatives created by the former Diem team, a blockchain fostered by Meta. Although Aptos has already distributed hundreds of millions of dollars to its customers in late 2022, Sui Network’s airdrop is still unknown.

The Sui Foundation, on the other hand, established a campaign to provide the community early access to SUI tokens. This initiative enables members of the community to buy SUI tokens at an early stage in a fair and decentralized way.

Sui Network previously revealed that this Layer 1 project had completed the Testnet Wave 2 phase.

Speaking of airdrops, Arbitrum, an Ethereum Layer-2 solution, and Space ID, a multichain domain initiative, are both planning to create tokens and distribute them to the project’s early users.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.