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@SuiNetwork
Get ready for the Suinami 🌊 Build without boundaries. A Layer 1 for the next billion users. Join the Discord: discord.gg/sui
web3bit.ly/suidevdocsJoined August 2021

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📣We’re excited to share that Sui Testnet Wave 2 is now live! 🎉 And in this wave, you can participate and get hands-on with Sui! ⛓️For more in-depth details, see the blog linked at the end of this thread. Let’s dive in 🧵
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🥳 Big news from the #Suinami community – congratulations !
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✨Seed Funding News ✨ Ethos has raised $4.2 million in a seed round to continue development of their reimagined wallet focused on discovering and engaging with apps on the Sui blockchain, and the accompanying wallet infrastructure. 1/
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💥Between epoch changes, Frenemies, the Validator Game, and a variety of ways to test the v1 tokenomics implementation, we’re excited for a dynamic, action-packed, and informative Wave 2! 🥳Thank you for participating in Testnet and being part of the journey towards Sui Mainnet!
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🚰Testnet faucet will be rate-limited (0.01 SUI per request) in order to provide fair access to gas tokens and to ensure a smooth experience The API-based faucet will be disabled for Testnet Wave 2 to discourage bot-based abuse – only a Discord-based faucet will be available=
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A few reminders: 🧪Testnet SUI tokens + staking rewards are for testing purposes only, and do not have any associated monetary value 🛠️Wave 2 is testing an initial v1 of Sui tokenomics – but the accounting algorithm will continue to be fine-tuned during and beyond Wave 2
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📈📉The second game – Validator Game – exercises Sui’s reference gas price mechanism, and allows validators to adjust the minimum gas price in response to simulated external factors, such as SUI price fluctuations. Only validators can play this game in Testnet.
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🏆The first is Frenemies, a competitive game that anyone will be able to play. It’s designed to generate chaotic movements in the validator stake distributions. We’ll share more details about Frenemies, including how to play, as soon as it launches!
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🕹️Testnet Wave 2 also features a pair of games designed to stress-test Sui’s tokenomics design and implementation. These games are designed to cause the validator stake distribution + reference gas price to substantially fluctuate from epoch to epoch to test edge cases.
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📦Storage fund – transactions that require storage require paying a per-byte fee into the storage fund, and validators earn rewards on both delegated stake and the SUI in the storage fund.
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Wave 2 will test Sui’s tokenomics, including: Epoch management – operations like staking/unstaking + staking reward distribution all occur at epoch boundaries ⛽️Gas mechanism – validators will participate in setting the reference gas price + in monitoring validator performance
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Validators, full node operators, delegators, app builders, and end users can all participate. Compared to the previous wave, Wave 2: 💧Includes 2️⃣x the amount of validators 💧Enables anyone to run a full node 💧Allows builders to publish, test, and share their apps on Testnet
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Congratulations to the Round 1 awardees of 's Developer Grant Program! Learn more about the projects👇 #SuiGrants
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🎉We’re excited to announce the 🌊Round 1 recipients of the Developer Grant Program! We awarded $415,000 to a diverse array of projects that showcased innovative, open source solutions that will benefit the Sui ecosystem. Learn more about the 12 teams in our 🧵: #SuiGrants
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Registration for the Sui Builder House Denver is now open! 🎉 📆 Join us February 28 – March 2. 🤝 Come meet the Sui community - builders, partners, and other contributors! 🏆 And don't miss a special competition (with prizes)! See you there!
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Wave 2 will illustrate what makes staking on Sui different from other chains – that delegating stake is especially simple and can be done directly from a wallet, without losing custody of tokens. Anyone can seamlessly participate in securing the Sui network!
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📝🧪Testnet Wave 2 will focus on testing epoch management, tokenomics, and stake delegation. 🕹️It will also feature a new game focused on tokenomics and staking that anyone will be able to play
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10. “Santa Claus” by
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1.For many people around the world, Christmas is a season of joy and celebration. Santa Claus is one of the most popular people on this festival, also known as the Christmas Elves or Saint Nicholas. @SuiNetwork #CapyHolidays
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2. “Nick” by
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We are excited to announce our story! It is a great adventure! Thanks to @EmanAbio , @UnemployedVip and @themoveguy for the great acting in roles of #Capybars😉 If you enjoyed our story, don't forget to support it with a like💙! #CapyHolidays mirror.xyz/suiboy.eth/mOW #sui
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🎉And the next round of #CapyHolidays winners are here! Congratulations to the 10 winners! ❄️ The team behind CapyHolidays chose the following Capys based on the creativity and originality of their names and backstory: 🧵
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We're excited to partner with to introduce two new programs for Web3 developers: 📚 Encode x Sui Educate series 💻 Encode x Sui Hackathon Check it out here👇
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📢Exciting news! We’re partnering with the @SuiFoundation for two new amazing programmes - Encode x Sui Educate as well as an Encode x Sui Hackathon. Find out more and register: medium.com/encode-club/an
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Join Sui Foundation's Head of Growth here now👇
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Excited to chat about what's possible on @SuiNetwork and what it means for creators. Set your reminder and see you all tomorrow morning! twitter.com/Clutchy_io/sta…
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