Thread by @CryptoGirlNova

1) $SUI is regarded as one of the greatest upcoming blockchains.

The token sale has just been announced and is taking place in a few days.

Here's 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 you need to know about #SUI and how you can participate 🧵👇

2) $SUI is the world’s first permissionless Layer 1 blockchain completely designed from the ground up by ex-facebook developers.

They are a decentralized, proof-of-stake blockchain with horizontally scaleable throughput and storage.

I made a full overview months ago ↓

https://twitter.com/CryptoGirlNova/status/1568683164947869696

3) #SUI is often compared to #Aptos since both have been made by ex-facebook developers tasked with the creation of the cancelled Facebook blockchain.

$SUI however is seen as the superior version even though $APT has been absolutely 𝐩𝐫𝐚𝐢𝐬𝐞𝐝 as well.

https://twitter.com/CryptoGirlNova/status/1569439567534780416

4) This is the reason why things get 𝐫𝐞𝐚𝐥𝐥𝐲 interesting.

From the get go #Aptos has received a 𝐜𝐫𝐚𝐳𝐲 𝐡𝐢𝐠𝐡 valuation.

It currently has a total diluted valuation of 13 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 and a market cap of 2.3 𝐛𝐢𝐥𝐥𝐢𝐨𝐧.

See where I'm going with this?

5) $SUI looks to be even better on the tech side of things.

If the market gave #Aptos the valuation it currently has we can expect similar results to #SUI.

The token is sold at 0.1$ or 0.03$ depending on your eligibility.

It's here were we will make some calculations →

6) The total supply of $SUI is 10 billion.

This means when you invest at a price of 0.1$ you are investing at a fully diluted market cap of 1 billion.

#Aptos has a fully diluted market cap of 13 billion so that would translate to a 10x at similar value.

7) Investing at 0.03$ means you are investing at a fully diluted market cap of 300 million.

Round 1 at 0.1$ has an additional 12 month lock schedule so you won't get to claim it all at once.

Round 2 is sold at 0.03$ and has a 100% unlock from the first day of token launch.

8) Based on comparisons to #Aptos we could say:

• x10 profit but monthly unlock for 1 year

• x30 profit but 100% unlock on day one.

Obviously round 2 is 𝐡𝐢𝐠𝐡𝐥𝐲 preferable.

The catch? It is much higher to gain entry.

Moving on to the requirements →

9) The token sale is set to launch on 3 exchanges:

@kucoincom
@okx
@Bybit_Official

Most of the requirements are in the same league.

As an example we will talk most about the token sale taking place on kucoin.

10) Round 1 at 0.1$ and 12 month unlock 𝐞𝐥𝐢𝐠𝐢𝐛𝐢𝐥𝐢𝐭𝐲:

Kucoin will count the net value of the following assets between 15-22 april 2023:

$USDT
$USDC
$BTC
$ETH
$KCS

The combined value calculated in USDT will make you eligible for the following lottery tickets ↓

11) There will be a snapshot every hour and make people have a chance at the token sale.

Depending on how much you trust your money to be held on a cex these requirements are pretty easy.

You are likely already holding these assets so you just send them to kucoin for a week.

12) Round 2 at 0.03$ and full unlock 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐥𝐲:

This round is only available however to $SUI early contributors.

Users must have been officially allowlisted by the Sui Foundation.

Visit the following link to check your eligibility:

verifysupporters.sui.io

13) Allowlisted individuals have been contacted by e-mail and kucoin users with the same exact e-mail adress assigned to their account will be able to participate.

$SUI works together with kucoin to handle the eligibility.

14) ⭐ Conclusion

$SUI has gathered a lot of hype and attention in the market just like $APT did.

Normally I would 100% completely stay away from token sales with the fully diluted valuation of #SUI and #APTOS.

But we've seen how crazy the market can get like with Aptos.

15) $APT was worth 𝐛𝐢𝐥𝐥𝐢𝐨𝐧s from the get go which means any investment at this high of a valuation would still be highly profitable.

This is all based on the speculation of $SUI having a similar value as #Aptos today.

16) Many people have speculated about an #airdrop while the team has always debunked this since last year publically.

"NO AIRDROP!"

Most threads and posts were purely for engagement farming giving false hope.

17) This thread is purely my objective outlook on $SUI releasing in the markets.

Providing the numbers and insights for those not knowing.

It's also based on speculating and numbers from its competitor $APT.

The real market demand might still be highly different.

18) We all would have preferred an #airdrop but we can only act with the situation as it is today.

I personally think their decision to launch a public presale and not an airdrop is rubbish.

They already received 300m in valuation. Why take more?

19) While I don't defend the decision you will still highly benefit from a 0.03$ entry on round 2.

Round 1 will be less competitive especially with the 12 month unlock.

An airdrop would have been better but it is what it is.

Nova out ❤️

20) I hope you've found this thread helpful.

Follow me @CryptoGirlNova for more.

Like/Retweeting the first tweet below would mean a lot to me 👇💟

https://twitter.com/CryptoGirlNova/status/1647291089370619904