Sui Testnet Wave 2 is Live and will run for several weeks! Validators, full node operators, delegators, app builders, and end users can all participate.
About Sui
Sui is the first permissionless Layer 1 proof of stake blockchain with horizontally scalable throughput and storage, being built by Mysten Labs, and designed from the ground up to enable creators and developers to build experiences that cater to the next billion users in web3. Sui is horizontally scalable to support a wide range of application development with an unrivalled speed with the lowest Gas Fees.
Sui's smart contract platform allows the building of rich and dynamic on-chain assets from gaming to finance, maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems.
$SUI is the native asset with a capped supply at 10,000,000,000 (i.e. Ten billion tokens). A share of SUI’s total supply will be liquid at mainnet launch, with the remaining tokens vesting over the coming years or distributed as future stake reward subsidies.
How to join the Sui Testnet Airdrop?Requirements to earn free crypto coins
Native blockchain
Step-by-Step Guide ''Sui Testnet Wave 2''
▪️ Sui Testnet Wave 2 enables anyone to run a full node, and allows builders to publish, test, and share their apps on Testnet. Sui Testnet 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 through the gas price survey, and in monitoring validator performance through the tallying rule.
- 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.
- Stake delegation and Proof-of-Stake mechanism – Community members can participate in the Proof-of-Stake governance and receive stake rewards. Learn more in the Stake Delegation FAQ.
▪️ 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:
- The first game 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!
- 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.
▪️ 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.
- The API-based 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.
- Between epoch changes, Frenemies, the Validator Game, and a variety of ways to test the v1 tokenomics implementation, they’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!
- Get even more details and links to relevant documentation by diving into the Sui Testnet Wave 2 blog post.
* keep an eye on Sui Discord and @SuiNetwork for more details. Good Luck!
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