1 - #Sui is in the devnet phase. It's still very early. Users are likely wasting their time interacting with the devnet. When testnet is live, then there's higher potential for an airdrop by interacting.
Since there's likely no airdrop eligibility at the moment, this leads to #2
2 - There are many scams going on taking advantage of airdrop season, so Sui wants to minimize stolen funds by officially stating there is no airdrop for the time being (which is probably true).
3 - There has to eventually be some sort of way to give tokens to the "community", and the easiest way to do so is through an airdrop. No point in confirming an airdrop at the moment when Sui doesn't have to.
In preparation for the testnet and mainnet, users can still interact with the devnet for FREE.
1 - Download Sui Wallet and get faucet tokens - chrome.google.com/webstore/detai…
2 - Mint NFTs and play games directly from Sui Wallet (under apps)
Inflation reported at 8.5%, which is better than the expected 8.7%!! #Crypto Markets in green!!✅✅✅
so does this mean we just survived a recession?
Well, there are 3 upcoming event you MUST know about 🧵👇
1) Unemployment Release - September 2, 2022
Politicians have a hard time stating we are in a recession since the unemployment rate is so low. Last report came in at only 3.5%.
If we get a rate of 3.5% or lower at the next release = bullish
2) August CPI Report - September 13, 2022
This next CPI report along with the unemployment rate will lead us to the the most important decision of all, and that's whether the FED will lower or increase interest rates at the next meeting.