A Different Kind of Airdrop
Amid high anticipation for a traditional airdrop, the Sui Foundation introduced its SUI Token Community Access Program. This initiative was designed to reward early community members who contributed to the Sui ecosystem during its development phases. Unlike a typical airdrop that distributes free tokens, this program granted eligible supporters the right to purchase SUI tokens at a special price of $0.03.
This event has concluded as of May 3, 2023.
How the Community Access Program Worked
The program was a multi-step process focused on identifying and rewarding genuine early supporters.
- Eligibility: The primary criterion was active participation in the Sui community. Specifically, Discord users who joined the server before February 1, 2023, were considered. The Sui Foundation then selected a pool of these users to be whitelisted for the sale.
- Verification: Whitelisted members had to pass Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. This was facilitated through partner exchanges, including OKX, KuCoin, and Bybit.
- Token Sale: Once verified, participants could take part in the token sale on their chosen exchange, securing an allocation of SUI tokens ahead of the public mainnet launch.
The Shift from a Classic Airdrop Model
The decision to pivot from a potential airdrop to a community sale was a significant move. It aimed to place tokens in the hands of dedicated community members who demonstrated long-term interest, potentially fostering a more stable and committed user base from day one. While it differed from community expectations, it represented a strategic choice in token distribution for a major Layer 1 launch.
About the Sui Network
Sui is a Layer 1 blockchain and smart contract platform designed from the ground up to be fast, private, secure, and accessible to everyone. It utilizes the Move programming language and a novel object-centric data model to enable parallel execution, sub-second finality, and rich on-chain assets.