The Sui Learn & Earn event offers a unique opportunity to learn about the innovative Sui blockchain while earning SUI token rewards. This guide provides a comprehensive overview of the event, its requirements, and how you can participate.
What is the Sui Learn & Earn Event?
The Sui Learn & Earn event is an educational campaign designed to introduce users to the core concepts and functionalities of the Sui Network. By completing a series of simple learning tasks and a small staking requirement, eligible participants can qualify for a share of the reward pool.
This initiative aims to foster a deeper understanding of blockchain technology and the unique advantages of the Sui ecosystem, such as its high throughput and secure smart contract programming language, Move.
Key Event Details and Timeline
The event operates within a specific timeframe. It is crucial to complete all tasks within this period to be eligible for rewards.
- Event Start: 21:00, April 26, 2024 (UTC+7)
- Event End: 21:00, May 10, 2024 (UTC+7)
- Total Reward Pool: 100,000 SUI
- Individual Reward: 5 SUI (for the first 20,000 eligible users)
How to Participate in the Sui Learn & Earn
Participation is restricted to main accounts on the official app. Sub-accounts are not eligible for this event. To qualify, you must complete the following mandatory tasks during the event period.
Step 1: Learn About Sui
Access the event page and read the five short introductory articles about the Sui Network. These materials cover its technology, consensus mechanism, and use cases. You can review them at any time before the event concludes.
Step 2: Complete the Knowledge Quiz
After studying the materials, answer a short quiz of five questions to test your understanding. The answers are based directly on the provided educational content.
Step 3: Stake SUI Tokens
You are required to stake a minimum of 30 SUI tokens in an On-chain Earn product. This step familiarizes you with core functionalities of the Sui ecosystem, such as staking and delegation.
Step 4: Maintain Your Holdings
The net balance of your staked SUI must not drop below the 30 SUI minimum for seven consecutive days. This ensures you meet the final eligibility criteria.
Important Event Rules and Considerations
Understanding the rules is essential for a smooth experience.
- First-Come, First-Served Basis: The event rewards are limited. Distribution is on a first-come, first-served basis to the first 20,000 eligible users who complete all tasks. Completing all tasks does not guarantee a reward if the quota has been filled.
- Reward Distribution: Rewards will be credited to the Funding accounts of eligible users within 30 days after the event concludes on May 10, 2024.
- Eligibility Restrictions: Users from certain jurisdictions, as determined by their verified information, may be excluded from participation based on local laws and regulations.
- Reward Conversion: The event organizer reserves the right to convert the SUI reward into a platform voucher or USDT of equivalent or lesser value under specific circumstances.
For a complete list of terms and a deeper dive into on-chain earning strategies, you can always explore more learning opportunities.
Frequently Asked Questions
What is the main goal of the Sui Learn & Earn event?
The primary goal is educational. It aims to teach users about the Sui blockchain's fundamentals, such as its architecture and tokenomics, while providing a hands-on experience through staking. Earning rewards serves as an incentive for participation and learning.
Do I need any prior knowledge of Sui to participate?
No prior knowledge is required. The event is designed for beginners. All the information needed to answer the quiz questions is provided in the short introductory articles within the event module.
What happens if the value of SUI changes during the staking period?
You are required to maintain a net balance of at least 30 SUI, not a specific monetary value. Market fluctuations affecting the token's price do not impact your eligibility, as long as your staked token amount does not fall below the 30 SUI threshold.
Can I unstake my SUI immediately after the 7-day holding period?
The rules require maintaining the minimum balance for seven consecutive days during the event period. It is advisable to wait until you have officially completed all event tasks and ensured your eligibility before making any changes to your staked amount.
What are the risks involved in participating?
Participating involves staking cryptocurrency, which is subject to market volatility. The value of your staked SUI and the rewards can fluctuate. This event is not investment advice, and you should only participate with funds you are comfortable risking.
Who should I contact if I have issues during the event?
For support regarding event participation or technical issues, you should contact the official customer support through the app where the event is hosted. They can provide assistance based on your account activity.