How can Chinese airdrop hunters obtain SUI on KuCoin and OKX IEO?
Source: https://twitter.com/kkwud1/status/1653749184514920449 https://twitter.com/mrJk888/status/1653756613801693185 Editor’s note: This article is a retrospective of the IEO process for SUI by Chinese airdrop hunters. Its main focus is to provide a view of the working process of an IEO studio for readers who are not familiar with this field. The accuracy of the data related to the lottery results and actual profits in this retrospective has not been verified, and the results of IEO investment depend on the probability of winning the lottery, which is subject to chance. Readers should avoid survivorship bias. There is a case where someone participated in the Bybit SUI IEO by creating 180 accounts, but ultimately 179 of them were frozen, even though each account was operated from a fixed IP address. In a nutshell, the team obtained 650,000 $SUI from the recent SUI IEO on KuCoin and OKX. On April 15th, upon learning about the SUI IEO on OKX and KuCoin, the team quickly checked the $OKX market to see if they could benefit from the positive news and its effect on $OKX’s price increase. Next, the team read the OKX announcement and understood the rules, realizing that they could participate in the public sale. They also read the KuCoin announcement and found that they needed to have an overseas KYC and hold 50–500 USDT to obtain 1 Ticket. After weighing their options, the team decided to create multiple KuCoin accounts, each with 50 USDT. They contacted a KYC merchant to obtain 300 KYC sets, initially priced at 6u, but eventually paid 8u each. However, the KYC process was slow, and setting up the accounts was challenging. Fortunately, each fingerprint IP address was independent and did not require additional IP configuration. The success rate for registering new KuCoin accounts was around 80%. After creating a new account, the team followed the following steps: 1. Change the Google email password 2. Add a secondary email 3. Log in to KuCoin and check KYC status 4. Change the exchange password 5. Add Google Authenticator 6. Book SUI event 7. Deposit USDT The team communicated entirely online, and most of the members were new and unfamiliar with the process. They worked continuously until the night of the 18th. On April 19th, the team prepared to allocate funds to the OKX exchange. As only mobile users could participate, they estimated a lottery success rate of 10–15% and planned to allocate 150 OKB per account, totaling 600 Tickets. They then began to help their team and friends register on the OKX exchange and assist them with KYC online. A few points to note: 1. The team and their friends were all prohibited from using wifi during these three days to avoid being detected by OKX’s IP check. 2. They only used $OKB and were not affected by its price fluctuations, only keeping track of the pledge rate. 3. They allocated USDT to each user and taught them how to pledge their $OKB. 4. They set up a total of 55 accounts, with only 50 accounts receiving lottery wins (none of the old accounts won). The final results were: ● Total funds used were around 5 million RMB; 50 accounts won on OKX, and 15 accounts won on KuCoin, totaling 650,000 $SUI with a paper profit of 6 million RMB. Follow us Wu Blockchain is free today. But if you enjoyed this post, you can tell Wu Blockchain that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Key phrases
Older messages
Research on Survival of NFT Marketplaces (3) The Survival Strategy of Small Platforms in Their Niche
Wednesday, May 3, 2023
Author: @0xMavWisdom Disclosure: The author holds relevant assets such as NFT platform tokens as a personal investor and has no business dealings with any platform or project party. In the first two
Research on Survival of NFT Marketplaces (2) The dead end of trading mining
Wednesday, May 3, 2023
Author: @0xMavWisdom Disclosure: The author holds relevant assets such as NFT platform tokens as a personal investor and has no business dealings with any platform or project party. This is the second
VC monthly report: the number and amount of financing increased slightly in April
Tuesday, May 2, 2023
Author: WuBlockchain According to RootData statistics, there were 101 publicly disclosed crypto VC investment projects in April, an 11% increase from the previous month (91 projects in March 2023) and
Global Crypto Mining News (Apr 24 to Apr 30)
Monday, May 1, 2023
1. The Bahamas is seeking to tighten its crypto laws in the wake of the collapse of FTX, according to a statement from the Securities Commission of the Bahamas Tuesday. The new bill will address
Asia's weekly TOP10 crypto news (Apr 24 to Apr 30)
Sunday, April 30, 2023
Author:Lily Editor:Colin Wu 1. Hong Kong's weekly summary 1.1 Hong Kong SFC to issue crypto exchange license guidelines in May link Hong Kong's Securities and Futures Commission will release
You Might Also Like
Polkadot community backs SnowBridge for seamless Ethereum integration
Saturday, April 27, 2024
The SnowBridge proposal has enjoyed unanimous community support and could go live in 28 days. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Weekly Project Updates: Binance Launches Renzo on Launchpool, EOS Introduces New Tokenomics, $SAFE Begins Circulat…
Saturday, April 27, 2024
1. Starknet Foundation Announces Airdrop Redistribution of STRK to Three User Categories link The Starknet Foundation has announced that it will distribute STRK tokens through a retroactive airdrop to
OP's Superchain Vision | Layer 2 Review
Friday, April 26, 2024
Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Investor exodus from Bitcoin ETFs as BlackRock and Fidelity see significant outflows
Friday, April 26, 2024
BlackRock see back-to-back zero flows as Fidelity's FBTC records first outflow. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Raise your onchain score
Friday, April 26, 2024
New Quests just dropped. Claim APT while you increase your chain score and build your reputation, helping with potential airdrop eligibility Flipside Crypto Hey there, A new Aptos Quest dropped. Claim
NFT & Blockchain Gaming Weekly - 📈 Runes Dominated BTC Transactions Post-Halving
Friday, April 26, 2024
Runes Dominated BTC Transactions Post-Halving. Telegram to tokenise stickers & emojis as NFTs. ApeCoin price drops 66% amid BAYC decline. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
WuBlockchain Weekly: SEC Expected to Reject Ethereum Spot ETF, ConsenSys Sues SEC, CZ trial is approaching and Top…
Friday, April 26, 2024
1. BlackRock's Bitcoin Spot ETF Achieves 70 Consecutive Days of Net Inflows link BlackRock is very pleased with the performance of its Bitcoin spot ETF (IBIT). Since its launch in January of this
Your bi-weekly crypto insights 📊
Thursday, April 25, 2024
Top data-driven insights from across the crypto space, to keep you ahead of trends. This week's top insight: Sei TVL per active address grew 10x since Flipside Crypto Onchain Insider Your bi-weekly
BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows
Thursday, April 25, 2024
Fidelity and Ark only ETFs to record inflows as Bitcoin ETFs begin to cool off. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Your Last Chance to Make BANK on Crypto
Thursday, April 25, 2024
Open This or Miss Out