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Topic: Is SUI a SCAM project or LEGIT? (Read 295 times)

member
Activity: 280
Merit: 22
WOITOKEN Play to Earn NFT Game
October 16, 2024, 07:45:09 PM
#31

Of course there are paid and unpaid ones when we join in the fun but I personally don't really follow that kind of campaign model, I only focus on investment. in my opinion SUI is pretty good if you want to invest in the long term and you trade short term, the current moment is quite good opportunity where the market is sideways and the movement goes up and down. If you just place a buy at the lowest price at that time and wait for it to sell at the highest price at that time after you set the sell bid, just do it over and over again.


I think it is interesting to continue investing in it, because SUI has promising technology and there is an opportunity, but before investing to check its latest performance about where it is going next is the most important and consider the risks that will be faced.
full member
Activity: 392
Merit: 130
PredX - AI-Powered Prediction Market
October 16, 2024, 10:42:20 AM
#30
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?

Of course there are paid and unpaid ones when we join in the fun but I personally don't really follow that kind of campaign model, I only focus on investment. in my opinion SUI is pretty good if you want to invest in the long term and you trade short term, the current moment is quite good opportunity where the market is sideways and the movement goes up and down. If you just place a buy at the lowest price at that time and wait for it to sell at the highest price at that time after you set the sell bid, just do it over and over again.
legendary
Activity: 1932
Merit: 4602
October 16, 2024, 07:00:48 AM
#29
SUI community accuses project team of insider trading
https://x.com/defioasis/status/1846026759722226137

Sui Foundation denies the allegations
https://x.com/SuiNetwork/status/1845890142906863865
"Following an allegation of “Sui insiders selling $400M in tokens throughout this run-up,” Sui Foundation would like to respond directly to this individual:

1. No insiders, neither employees of the Foundation or Mysten Labs (including Mysten Labs founders), nor ML investors, have sold $400M worth of tokens during this period, either individually or combined. Insiders have not been involved in any preemptive selling or violation of lockups and the circulating supply schedule.

2. While the poster did not provide the wallet address, we believe the likely owner of the wallet is an infrastructure partner who owns tokens under a lockup schedule. All token lockups are enforced by qualified custodians and continuously monitored by Sui Foundation, and this partner is in compliance."


member
Activity: 416
Merit: 34
April 19, 2023, 12:33:33 PM
#28
Be wary of any project that makes unrealistic promises or fails to live up to their commitments. Is SUI a scam project or legit. However, the fact that they conducted a lengthy TestNet program and refused to reward their community with an airdrop, while only allowing selected participants to participate in their presale, raises some question marks.

I think, Several factors to consider include the team behind the project, the technology they use, the problems they solve, the market demand, and the transparency of the project as a whole so that it doesn't go to waste.
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
April 19, 2023, 12:27:59 PM
#27
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?
What exactly is meant by the term fraud? In my opinion, they immediately said that there would be no airdrop, but at the same time, other projects that come out in this network are just doing airdrops.
It's a FUD I guess. Big airdrops today are speculated for a long time now and SUI is one of the project that has been speculated to give airdrops to their testnet users. They announced that they will incentivize their testnet users but they didn't actually said anything about airdrop. The news about them doing an airdrop is just an speculations and I think SUI team would incentivize their users on a different way. People are just disappointed after interacting in that project with high hopes of getting a reward by receiving an airdrop and now there are an announcement that they will not do an airdrop. And today, People just spread FUD anywhere just to fulfill their anger as they act like they forced to participate in their testnet.
fvb
member
Activity: 1470
Merit: 13
April 19, 2023, 12:01:31 PM
#26
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?
What exactly is meant by the term fraud? In my opinion, they immediately said that there would be no airdrop, but at the same time, other projects that come out in this network are just doing airdrops.
legendary
Activity: 2268
Merit: 1655
To the Moon
April 19, 2023, 09:57:10 AM
#25
...the truth is that the project also repeats NO AIRDROP over and over again...

Indeed, the SUI team never promised airdrop, but after all, the Arbitrum team repeated the same thing many times, and nevertheless airdrop for early users was still distributed. Therefore, despite the team's assurances that SUI would not be airdrop, the testers continued to test the network and trusting that their work would be encouraged.
hero member
Activity: 2366
Merit: 504
April 19, 2023, 09:45:28 AM
#24
many are become concerned with the fact that despite sui has succesfully raised tremendous amount of investment it's still regardless trying to cater further funds in which it seems the sui devs are quite greedy but maybe they just found that even without the airdrops many are already flocking to the project anyway so having airdrop is definitely waste of resource, so they try to increase their market capitalization through additional fundraising which many considered ridiculous.
sr. member
Activity: 1246
Merit: 262
April 19, 2023, 08:28:15 AM
#23
Looks funny with many people said SUI is scam project or asking about SUI reputation at the future, its happen because SUI not allocated their coins for airdrop participants have been active join and claim faucet testnet airdrop until several of airdrop participants joined on Testnet program but there are not any coin allocated yet for airdrop.

Don't have bigger expectation with any airdrop and fatal mistake when joining with all airdrop program but SUI not release yet about the airdrop hunter will earn SUI coins later, if you have much money can participants in SUI presale on OKX, Kucoin and Bybit hope raise more than 10x from SUI price pre sale start from 0.03$ until 0.1$.
hero member
Activity: 2828
Merit: 611
April 19, 2023, 07:53:50 AM
#22
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?
Not sure though is that is good project in the beginning, never heard of it before to be honest. But as you have said, when majority of the altcoins are doing airdrop to gain support from the community, they do the opposite by not doing it.

Maybe they have their own reasons to do it, but then again, I would say that it's the norm in the community that at least a legit project should airdrop those who support them specially in the beginning. Perhaps the only reason I see them not doing it because they are afraid that those who are going to received it will dump the tokens right away.
Likewise. They only came out after this issue of not airdropping their participants but before those people complain, are they sure that SUI promise to do an airdrop? They can mention something about the airdrop but as long as they don't confirm it to be true, people shouldn't hope about it. I wouldn't blame the project for that and call them a scam.

There are still more than just an airdrop and if this project is proven to be great, those investors can still earn massive with their investments especially if they learn how to hodl it. For those projects who are planning to conduct an airdrop, they can use other coins if they are afraid that their coins will be dumped.
staff
Activity: 2436
Merit: 2347
April 16, 2023, 10:09:03 AM
#21
SUI deceived all its testers and early adopters, though not openly. Many hoped that it would be a new Aptos, only much more generous, but in the end it turned out to be extremely unfriendly to their community, moreover, politicized. They made hope for all their users from CIS countries, and then blocked their access to buy tokens, and also blocked some social networks, designed for such users. In general, the community is already openly calling SUI a scam.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
April 16, 2023, 07:08:29 AM
#20
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?
The fomo of the participants for the reason that some projects previously had large airdrop programs for the community, however, the recent statements disappointed the project's community. Honestly, I see the project very clearly that it's just stubborn and greedy users that they will get the reward, in the crypto environment with airdrop participants they all use faith as the main thing so when things don't work out As they wish, they will always express their frustrations. I just feel like a lot of people are acting like scavenger vultures, the truth is that the project also repeats NO AIRDROP over and over again, anyway this is still a top project for me despite its problems. topic about this but it will continue to develop in the future.
legendary
Activity: 2268
Merit: 1655
To the Moon
April 16, 2023, 07:07:55 AM
#19
...Is it FUD or the actually duped some testers?..

This is all the machinations of those who failed to get a whitelist to participate in the sale on the exchanges)) Perhaps they are trying to influence the team in this way so that it changes its decision and allocates airdrop to all participants of the test network.
legendary
Activity: 3010
Merit: 1156
Leading Crypto Sports Betting & Casino Platform
April 16, 2023, 07:07:32 AM
#18
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?
Not necessarily a scam but are you asking only because of the airdrop? Because that might be only thing worth time in this. As a project i see this being similar to sol but sol devs are never going to jump ship for this so this most likely dies at some point as irrelevant. Or at least it stays low cap as i can see zero changes for this fighting from the top marketcap spots.
legendary
Activity: 2240
Merit: 1375
Fully Regulated Crypto Casino
April 16, 2023, 06:24:31 AM
#17
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?
The retroactive airdrops are always unsure. Some opt to give back to the community and some arent. Lets just move on if we participate on their testnet since every project has the right not to give and these are just speculations. Who knows they might give some on suprise or anything. Ive seen a lot who got dissapointed but thats fine. Maybe participating on their community sale is also a bonus since its quite low.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
April 16, 2023, 03:42:43 AM
#16
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?
For the information I am seeing the developers never made any promise about an airdrop, and instead they seemed to have been very firm against the idea of ever having one, so anyone which participated on the testnet program does not have any legitimate reason to complain about the lack of an airdrop.

Now about your question about this project being a scam, at least on this topic the answer is no, but you must never forget that many projects can turn into a scam in just a few seconds, so you need to remain vigilant in the case the developers of this project finally do something which can be interpreted as scamming their investors.
legendary
Activity: 3080
Merit: 1353
April 16, 2023, 03:19:48 AM
#15
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?

Not sure though is that is good project in the beginning, never heard of it before to be honest. But as you have said, when majority of the altcoins are doing airdrop to gain support from the community, they do the opposite by not doing it.

Maybe they have their own reasons to do it, but then again, I would say that it's the norm in the community that at least a legit project should airdrop those who support them specially in the beginning. Perhaps the only reason I see them not doing it because they are afraid that those who are going to received it will dump the tokens right away.
sr. member
Activity: 1876
Merit: 259
April 16, 2023, 01:04:53 AM
#14
Although unlike Aptos and Arb, Sui still provides an opportunity for early adopters to invest below the presile price even though they don't give it for free but the value will increase in a short time because for early users the price is sui 0.03 while ieo on major exchanges has been announced at a price 0.1
legit or not no one will know.
hero member
Activity: 1960
Merit: 547
Vave.com - Crypto Casino
April 16, 2023, 12:17:03 AM
#13
SUI conducted a TestNet program which lasted for almost a year and eventually they refused to airdrop their community who spend time and efforts to ensure the success of their project. instead of airdropping their communities they lured some few members of their community to participate in their presales. so, what is your opinion on this.? Is SUI a SCAM project or LEGIT?

You are wrong, they had a lot of notice before that they did not plan to distribute the rewards to the testers. But because people always hypothesize that they are just trying to lie to get rid of cheaters, and people still work hard and expect. Many people are disappointed with this result, but the testnet means that you participate voluntarily, no one is forcing you, nor is anyone promising to pay you a reward. I bet you're angry that they don't plan to distribute the airdrop, but it's clearly your fault for expecting too much.

SUI is a very large project that is expected to bring huge profits for us. I find it quite funny how so many people who haven't done any research and don't know what's going on are slandering it.
legendary
Activity: 2324
Merit: 1258
Heisenberg
April 15, 2023, 09:54:13 PM
#12
Well Well Well, I just checked my twitter and guess what? #suiScam is trending



Is it FUD or the actually duped some testers?

You be the judge, check out the different threads on Twitter about people complaining how they were promised air.
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