Content
@
0 reply
20 recasts
20 reactions
Henry
@mrravi253.eth
WHAT IS SUI NETWORK AND HOW TO EARN MONEY ON THE SUI BLOCKCHAIN LETS READ THIS FULLY THREAD 🧵 Sui Network is a Layer 1 blockchain developed by Mysten Labs, designed to provide fast, low-cost transactions and support for decentralized applications (dApps) and digital assets. It's built with a focus on scalability, using a unique parallel processing mechanism that allows transactions to be processed simultaneously, increasing throughput. The Sui network utilizes the Move programming language, which was originally developed by Facebook’s Diem project, ensuring flexibility and security.
1 reply
0 recast
0 reaction
Henry
@mrravi253.eth
Ways to Earn Money on the Sui Blockchain: 1. Staking and Delegating: You can earn rewards by staking SUI tokens, which helps secure the network. By staking, you can either run a validator node (if you have a substantial amount of SUI) or delegate your tokens to existing validators to earn a share of the staking rewards. 2. Participating in Airdrops and Incentive Programs: Early adopters of the Sui network may have access to airdrops of SUI tokens. Keeping an eye on official announcements and participating in early network activities like testnets may make you eligible for such incentives.
1 reply
0 recast
0 reaction
Henry
@mrravi253.eth
3. Developing dApps or Contributing to the Ecosystem: If you are a developer, building decentralized applications or tools on Sui can open up various opportunities, including grants or earnings from dApp transaction fees. 4. Running a Validator Node: Running a validator node on Sui requires a certain amount of SUI tokens and technical expertise, but it can be lucrative through staking rewards and transaction fees.
1 reply
0 recast
0 reaction
Henry
@mrravi253.eth
5. NFTs and Gaming: Sui has integrated support for NFTs, allowing creators and collectors to mint, buy, and sell digital assets. You can earn by creating or trading NFTs or participating in blockchain-based gaming ecosystems. 6. Yield Farming and Liquidity Providing: As decentralized finance (DeFi) expands on Sui, there may be opportunities to provide liquidity to decentralized exchanges or participate in yield farming, earning interest or rewards for locking up your SUI tokens in liquidity pools. These methods offer diverse ways to engage with the Sui network, depending on whether you are a passive investor or an active developer or validator.
1 reply
0 recast
0 reaction
Henry
@mrravi253.eth
Thank you must follow my Warpcast profile for more information ℹ️ @mrravi253
0 reply
0 recast
0 reaction
