SBF Out on $250M Bail Bond + Airdrop

GM Readers!📪 It's BitDegree Insider, and let's turn that Christmas mood on.

⭐️Today's selection:

• 💸SBF Out On $250M Bail Bond
• 👁️ SUI 2022 Review + Airdrop
• 👌Selected Meme of The Day
• 📰Bite-Sized News

SBF OUT ON $250M BAIL BOND

Yeah, you've read that right. The former billionaire famously lost almost all of his wealth nearly overnight. Later he famously said that he's got 'close to nothing' left in his wallet.

But the very same dude found $250M for his bail. That's how the headlines make it sound like. But there's a catch.

SBF arrived in New York on December 21, and appeared in court on December 22. There he was released because he was able to afford this humble bail. 

Naturally, this causes confusion. But he didn't have to present any cash to the court.

It's actually his parents who used their five-bedroom Palo Alto home as collateral for the bond.

So this means that SBF won't be spending time locked away while everyone's going to gather at their family homes for Christmas. 

For him, it's a Christmas miracle. 

TL;DR: SBF released on a $250M bail.

SUI 2022 REVIEW

SUI. A Layer 1 Proof-of-Stake blockchain with a name that's not clear how to pronounce. 

Nevertheless, it's a promising project with huge potential that decided to go full Christmas mode. They're organising an airdrop. More about it in a moment.

First, let's shake hands with SUI.

Sui is designed to be horizontally scalable for developing a wide range of applications with fast speed and low transaction costs.

Horizontally scalable means that it's built to be able to add servers and distribute the load that the blockchain's nodes are dealing with. More servers = faster operations. 

SUI got more into the public's eye recently, as, ironically, their main competitor, Aptos was launched. 

Both SUI and Aptos are built on Move, an open-source language for writing secure smart contracts.

It's a platform-independent language that promises a lot for those who'll master it first.

So people jumped on both hype trains. If SUI wins, they win, and the same goes for Aptos.

And SUI is going to put up a real fight. And you, dear reader, are reading this today. This means that you found out about SUI before most people.

This means that you can become an active user who's gonna be eligible for retroactive rewards in the future. And SUI raised a lot of money. And they will share it.

Here are some numbers. Sui had $336 million invested into it, with a total of two rounds of investments.

Round 1 for $36 million was led by a16z, with Coinbase Ventures, Samsung NEXT, Redpoint, Electric Capital and others as investors.

Round 2 for $300 million was led by... Our 'beloved' FTX. Among other investors were: Jump Crypto, Protofund, Sino Global Capital, Lightspeed Venture Partners and others.

Gladly, The collapse of FTX did not affect SUI in any way! Talk about resilience!

Here's what to know about SUI's tokenomics.

10 billion SUI tokens will be minted. And 6% of them all will go to the Community Access Program and App Testers. Meaning... Early active users!

The SUI mainnet will be launched in 2023. The tokens will be come into existence together with the mainnet. So we've got just the right amount of time. 

Ok. And besides that... It's Christmas, and, as said, SUI is in a holiday mood. 

CHRISTMAS WITH SUI

Sui Network and Sui Capys (NFT collection) are hosting the #CapyHolidays event, where you can win valuable prizes and SUI tokens.

The event is being held on the devnet, as the testnet is currently not working.

So they want people to participate in their programs, to check if everything works. And for those who are willing to help them, they're organising an airdrop. 

Here's what do you gotta do:

• Install SUI wallet and claim test tokens inside it.
• On the Capys (SUI's NFT Collection) website, you can purchase regular boxes for 0.02 SUI or get a premium box by sending three regular boxes to friends.
• Now, take a screenshot of your fresh and new CAPY NFT.
• Post it on Twitter with the hashtag #CapyHolidays, a creative story, and give it a name.

Here are some of the prizes that await the lucky ones:

• The 20 tweets with the most likes will be eligible to win SUI tokens (the number of tokens awarded will depend on the participant's placement).
• The 10 tweets with the most creative story and name (as judged by the Capys team) will receive some merch and 200 SUI tokens each.
• 100 users will receive an invitation to participate in the SUI Token Community Access Program (you'll be available to purchase their tokens earlier than anyone else).

You can also watch a video on how to open boxes or put accessories on your Capy here.

That's a (Christmas gift) wrap for today. Have a wonderful weekend everyone.

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

• Crypto Exchange Binance Responds to Recent FUD from Media and Community. Titan responds after the attack on titan.
• Blockchain.com Reveals that 40% of Respondents Plan to Buy Crypto in 2023. Bear market is here. But the bear market will end.
• Brazilian President Jair Bolsonaro Legalizes Crypto as a Payment Method. He's about to leave his office on December 31, 2022. Last steps.