2 BIG Projects on Suiš§Airdrops by Mysten Labs & Suilend team #crypto #airdrop
Jimbo's Crypto Land
18 days ago
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Executive Summary
Executive Summary
The video highlights two promising projects on the Sui blockchain, both offering potential airdrop opportunities: Steam (mainnet) and Seal (testnet). Hereās a breakdown of each project and why they matter to airdrop hunters:
Steam
- Core Functionality: A decentralized exchange (DEX) powered by Suilend, one of the largest platforms on Sui. It allows users to swap tokens and provide liquidity to earn rewards.
- Recent Updates: Steam is live on the Sui mainnet, offering liquidity pools similar to Momentum DEX but with broader backing from Suilend.
- Reason to Farm: The project is backed by a strong ecosystem (Suilend), making it a high-potential candidate for future airdrops. Users can earn daily points by depositing liquidity, which may translate into token rewards.
- Participation:
- Connect your wallet to the Steam platform.
- Swap tokens or deposit liquidity into pools (e.g., iSUI/SUI or SUI/USDC).
- Monitor for potential airdrop announcements.
Seal
- Core Functionality: A decentralized secret management service by Mysten Labs, designed to secure sensitive data in Web3 applications using on-chain access control and threshold encryption.
- Recent Updates: Currently live on the Sui testnet, Seal is a privacy-focused tool for developers, offering features like client-side encryption and compatibility with storage solutions like Walrus.
- Reason to Farm: Despite Mysten Labs stating that Seal will not have a token, the projectās significance in Web3 security and its backing by the Sui team make it worth exploring for potential retroactive rewards or future incentives.
- Participation:
- Switch your Sui wallet to the testnet.
- Claim testnet SUI tokens from a faucet.
- Engage with Sealās testnet features, such as creating an allowlist or testing subscription services.
Key Insights
- Steam vs. Seal: Steam is a safer bet for liquidity providers, while Seal offers a speculative opportunity for early testnet participants.
- Risk-Reward: Sealās lack of a confirmed token makes it a gamble, but its innovative tech and Suiās track record add credibility.
- Actionable Steps: Both projects require minimal time investment, making them attractive for airdrop hunters.
Why It Matters
These projects represent two distinct airdrop strategies: one focused on liquidity provision (Steam) and the other on early testnet engagement (Seal). Suiās growing ecosystem and strong backing from Mysten Labs make these opportunities worth monitoring.
Transcript
Transcript
Hello my lovely legends! Today we're talking about SUI, our favorite ecosystem. We're going to explore two different projects on SUI. The first one is Steam. This is on the mainnet and the second one is Seal. This is on the testnet. So I got you covered even if you want to deposit liquidity, even if you don't want to deposit any liquidity and do some testnet transactions. Links here for my two-part video because these are two different projects. You can find them on the first link of a description which redirects you on my website. Here you can also go to subscriptions and access our Discord team. This is the Web3 Paradise. Guys, come and join and we big time. I'm not a financial advisor, I'm just a guy on the internet. This is pure entertainment. So first of all, what is Steam? If you watch my Momentum Decentralized Exchange video about SUI, you know what Steam is. It's exactly the same. It's one more dex without a token but this time this is way bigger because as you can see here, this is powered by SUI Land, one of the biggest platforms on SUI. So just one step here, the deposit liquidity on Steam. Exactly the same we did on Momentum. As you can see here, Momentum, my position, I've deposited more than $1,000. I did exactly the same for Steam. As you can see here on my portfolio, I deposited almost $1,000. To me, this might be a better choice. I told you why because it's powered by SUI Land but I'm depositing in both protocols. If I had to choose one, this might be Steam. So go here to swap, make your swap, go to pools, deciding which pool you need to deposit. For me, Momentum was Deep and SUI and Warworks and SUI. For Steam, mine was iSUI and SUI and SUI and USDC and you're earning daily points right over here as you can see. Both protocols have up-point system. Show your choice in which you want to deposit some liquidity. Both good place, both on our favorite ecosystem, SUI. These are all the official links. As you can see, the Discord is SUI Land. I told you this is powered by SUI Land. And now the main event, guys. We're talking about SEAL. This is built by Misten Labs, SUI's team. They also beat Walrus and you saw how big this network was. Now they're building SEAL. Whatever they touch, it's turned into gold. This is the best team ever out there. I had the pleasure to meet one of the co-founders of SUI. This guy is from Greece. He's amazing. He doesn't sleep, guys. He's working 20 hours per day. He's a total freak out there and that's why SUI's success is guaranteed. But before we begin, I want you to see this very clearly. This is from Matteo SUI. That SEAL will have no tokens. So right now, you have a choice to make. Either you believe the team, either you don't just like I always do. Even if I have 1% of taking the airdrop, I'll take my chances. You miss 100% of the shots you don't take. Plus, this is just a 5-minute procedure. So, risk-reward, time-consume-reward, gamma, guys. This is an easy, obvious choice. So, what's it? It's a decentralized secret management service by Misten Labs designed to secure sensitive data in Web3 apps. Unlike centralized solutions like AWS, SEAL offers on-chain access control and threshold encryption, making it a decentralized, flexible way to protect data for any apps on the SUI blockchain. This is live on SUI Testnet and it's a big step towards Web3 privacy. And why does this matter? Web3 apps often struggle with securing data access. Think private messages or gated content. Most solutions are either centralized, which isn't the ideal, come on now, or too missed. SEAL fixes this by giving developers a decentralized tool to secure data without single points of failure. Built on SUI, obviously, it uses Move smart contracts for transparent access control, making it secure and auditable. It's a game changer for Web3 security. And how does this beauty works? It has three features. First, on-chain access control. Move smart contracts on SUI define who can access data like only NFT holders. Second, threshold encryption. No single server holds the key. It's split across multiple servers for safety reasons. And third, client-side encryption. Users encrypt data on their devices, keeping it private. SEAL also works with any storage like Walrus, making it super versatile. And what can you build with SEAL? TONS! You can generate gated content like premium articles for NFT holders or end-to-end encrypted tasks for D-Apps for gaming, encrypt assets that unlocks after some tasks. Here on GitHub, there's a demo marketplace app using SEAL with SUI and Walrus to manage subscriptions. Pretty cool stuff. Time to begin with our steps. And for step number one, we need to have SUI faucet. Guys, we're talking about Testnet. Make sure on your SUI wallet to be on the Testnet. Click here on Settings, Network and be on the Testnet. And right now, I have three websites to get SUI faucet. Just paste your SUI address and claim some tokens. On step number two, we're going to explore the Allowlist example. Here we are. Connect your wallet and then click on Try. Then create your name Allowlist and add your SUI wallet. So here I'm going to put Jimbo 864 and I will create my Allowlist. Then add here your SUI wallet and choose a Walrus service. To me, Walrus.space worked fine. Now, choose a file from your computer and click on the first step. And then click here on the second step and you're good to go. Step number three, the subscriptions example. Here we are. We click on the Try. Then we give a price in MIST, a subscription duration and the name of the service. Once you complete all the information, click on the Create Service. Again, approve the transaction. This will open and again, choose a file from your computer. First step, second step exactly like we did before. And here click on Share this link. This will open and here click on the Subscribe and download and encrypt your file. At the bottom, the official links of MIST and LAB just like we did for Steam. And that was it about SEAL. We explored also one more project on the test end. First, we explore Steam which is on the main end. So guys, like this video, you found this information useful. Always a nice comment is appreciated. Subscribe to the channel. Come to my website to see a lot of air dobes. That was it for this SUI video. Two big projects guys. See you on the next one.