Bittime - You can take part in the Suilend airdrop and get SEND coins for free! Learn how to get Suilend airdrop, key features, max strategies, and more in the complete guide in this article.
Suilend comes with a quite tempting offer. This Sui blockchain-based decentralized lending platform is preparing for a $SEND token launch planned for December 2024.
For those of you who want to profit from the Suilend airdrop, this article will reveal everything you need to know to maximize your chances of getting free SEND coins.
What is Suilend Airdrop?
The Suilend airdrop is a free distribution of $SEND tokens to users participating in the SuiLend platform ecosystem. The platform provides decentralized lending (DeFi) services that allow users to borrow and lend various crypto assets.
As part of the $SEND token launch, SuiLend is giving early users the opportunity to acquire the token via airdrop.
Through this airdrop, SuiLend aims to reward users who are active and involved in their ecosystem early on. This airdrop will also distribute a total of 40 million SEND tokens.
This amount represents 40% of the total token supply, with 20 million points distributed every day. In this way, the platform invites users to become more involved in various activities, from deposits to loans.
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Main Features of Suilend Airdrop
Suilend Airdrop offers several interesting features that can maximize earning potential for participants. Here are the main features you need to know:
1. Activity Based Points
Users can collect points through activities such as deposits and borrowing assets. 10 million points are allocated every day for deposits, while another 10 million points are allocated for lending. These points will later be converted into SEND tokens.
2. NFT SuiLend Capsules
For very active users, there is the possibility of obtaining additional rewards in the form of NFTs, namely "SuiLend Capsules". These NFTs can offer extra profits or even more points in the airdrop distribution process.
3. Compatibility with Various Crypto Assets
SuiLend supports various popular crypto assets such as SUI, USDC, USDT, ETH, and SOL. This gives flexibility to users to choose the assets they want to deposit or lend to collect points.
4. Security and Transparency
The SuiLend platform is known for implementing high security standards and clear transparency in every transaction. With this, users can feel safer when participating in airdrops.
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How to Participate in Suilend Airdrop
Interested in joining this airdrop program? For those of you who are interested in taking part in the Suilend airdrop, here is a step-by-step guide that you can follow:
1. Visit the Official SuiLend Website
Access the official SuiLend website to get started. Select the "Launch App" option to enter the platform.
2. Connect Wallet
Use a wallet that is compatible with Sui, such as Sui wallet or Dominos. Make sure your wallet already has several assets supported by the platform, such as SUI, USDC, or ETH.
3. Asset Deposit
Deposit prepared assets to the platform to start participating in points collection. You can also buy assets on exchange platforms such as Binance if you don't have the required assets.
4. Borrow Assets to Collect Points
Apart from deposits, you can also borrow assets on the platform to increase the number of points earned. This activity will increase your chances of getting more $SEND tokens.
5. Make Other Transactions
Each additional transaction such as withdrawals, loan repayment, and asset swaps can contribute to the number of points you earn.
6. Monitor Points Progress
Make sure you regularly check your points balance and activity to find out how far you have progressed in earning $SEND tokens.
Suilend Airdrop Revenue Maximization Strategy
To maximize your chances of getting a Suilend airdrop, here are several strategies you can apply:
1. Diversify Your Activities
Don't just focus on one type of activity. Try to diversify between deposits and loans to maximize points earning. You can also interact with various assets supported by the platform.
2. Maintain Consistent Activity
This airdrop is based on points accumulated over time. For this reason, make sure you are active consistently on the platform, either by adding deposits or borrowing assets.
3. Take Advantage of High Yield Opportunities
SuiLend offers high yield opportunities, especially for stablecoin deposits which can provide returns of more than 12%. Try to make good use of this opportunity.
4. Use a Strategic Approach
Try strategies suggested by SuiLend, such as holding stablecoins and borrowing assets like ETH or SOL that offer low lending rates (often under 1%).
Conclusion
The Suilend airdrop is a very valuable opportunity for those of you who want to get more involved in the DeFi ecosystem on the Sui blockchain. By following the guide above and remaining actively participating on the platform, you can maximize your chances of earning $SEND tokens and supporting the development of this project.
Don't forget to always update the latest information from the SuiLend team or keep following Suilend airdrop updates on Bittime. Hopefully this article is useful!
FAQ About Suilend Airdrop
When Will $SEND Token Launch?
The $SEND token is scheduled to launch in December 2024. Further details will be announced by the SuiLend team.
What assets can be used to collect points?
Users can collect points by making deposits or borrowing using assets such as SUI, USDC, USDT, ETH, and SOL.
How Are Points Distributed?
Currently, 20 million points are distributed every day, with 10 million for deposits and 10 million for lending.
By following this guide, you can maximize the potential profits from the Suilend airdrop and earn $SEND tokens for free!
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Reference
Binance Square, Airdrop Weekly Report | Movement airdrop registration will close on December 2; Suilend airdrop checker goes live and tokens will launch on December 12 (November 25-December 1), accessed December 16, 2024.
Crypto Hunter, Suilend Airdrop : How To Be Eligible For $SEND token?, accessed December 16, 2024.
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