Is the short-term mining meme of the $SUI chain worth participating in?

♥️#sui链 Mining tutorial & project analysis & participation tutorial just read this one

Recommendation index: ⭐️⭐️⭐️⭐️⭐️

Project Analysis:

Based on my observations and personal conclusions:

The FOMO project is launched by SUI chain's aggregation project HOP to promote their aggregate swap. The navigation and jump are very obvious. The aggregation should not have issued coins.

This approach is very smart. FOMO, as a separate sub-project, wants to distribute tokens fairly in a short-term POW manner. Its essence is the gameplay of Meme coins. The success or failure of the FOMO project and the price of the coin issued in this form will not have a bad impact on the operation of the aggregation project, but the purpose of attracting traffic, promotion and marketing has been achieved.

The current project promotion is relatively successful, with good results on Twitter KOL, WeChat, Binance Square, etc. The participation method is simple. People who are not familiar with computers may have some problems in actual operation, which will be discussed in the following frequently asked questions.

When editing this article, it is 2:30 am on October 5th, Beijing time

At this time, the market value is 7.5 million US dollars.

Mining cost: 0.0(10)7+ (personal calculation may have errors

Current price: 0.0(9)35

The number of coin holders is 20,430 (it is not clear whether there are more than one, but according to Ave, there are 6,043 24-hour transaction addresses).

Mining progress is about to reach 10% (according to the official Twitter, it is estimated to be completed in 7-15 days, which should be quite fast based on the current progress)

Liquidity pool 10,600 SUI (currently small, all mined, no pre-mining or other initial liquidity, all added by the market, probably the project side also added a little. So the current volatility is large, pay attention to the spread and slippage when trading)

Finally, if the project team can think of doing this, I think at least before the tokens are mined, the market should not be too bad. This afternoon, it has been around three times, and it is currently around five times.

How to participate:

I will talk about three ways: I recommend the second one, and I will talk about the operation method and benefits below

1️⃣ Withdraw 2 SUI tokens (suitable for those who are worried about the security of the project or other concerns, the cost is less than 3 US dollars, the disadvantage is that the operation is a little more frequent, and it is not very convenient to maximize the profit)

2️⃣ Withdraw 20-30 SUI tokens (suitable for conservative people, I withdrew 24, I think there is no disadvantage, if there is, the risk is about 30 to 50 US dollars 😂)

3️⃣ For those who are afraid of missing out or find it troublesome to mine, you can buy in small amounts at or near twice the price, which is about 0.0(9)17 USD. Because the pool is small, large amounts are more disadvantageous.

The 1️⃣th method uses a single address and a single window. The mined coins will be credited to your account in real time. You can sell them at a similar price and continue mining. Now you can sell about 5 SUIs for 1 SUI. You can sell them once you have mined about 0.3. If the price is not right, wait a while and keep an eye on the price.

The second method is similar to the first method, but the waiting time can be longer. For example, if I don’t sell in the afternoon, I can sell several times more in the evening, and I can use multiple windows for higher efficiency. I choose to sell about half of the mining at a better price, get more SUI to continue mining, and then repeat the operation. Finally, I plan to withdraw 50 with interest, and the rest will be profitable in batches after mining, depending on the market situation, so as not to work in vain, and not to sell all at once.

There is nothing much to say about the third method, it is just cryptocurrency speculation. There is little competition in the SUI chain and the funds on the chain are decent. For example, the meme Hippo has made more than 300 million US dollars. Given the market and participation of the FOMO project, there should be a chance to make tens of millions, right?

⭐️It is recommended to use a computer to participate (it is said that OnePlus phones are very powerful, but I don’t have one, and I can’t find it with an Apple phone)

Link: suimine.xyz/#/tokens/fomo

Mining steps:

1️⃣Create a wallet in the upper right corner

2️⃣Copy the private key and import it into the OKX wallet, and recharge gas

3️⃣Click to mine

4️⃣Please note that you need to check whether the money has been received. The first time this page is displayed, it may not be possible to mine.

5️⃣You can buy and sell directly through the transaction function of OK Wallet, but please note that there should be no limit on buying and selling within 2 SUI per transaction. I don’t know if it is due to OK or other reasons. I haven’t checked it carefully. It doesn’t matter anyway.

Frequently Asked Questions:

1️⃣ There is definitely no problem with Apple computers. I have an M1 pro with 4 windows, which is simple. I didn’t do more because it was troublesome.

2️⃣For Windows computers, it is important to note that if you can mine, it is simple. If you cannot mine, check whether your graphics card has NVIDIA graphics card that is not enabled. Many people’s computers are scrapped and have never been truly enabled. 😂They have always used the graphics card that comes with the system.

Open the Task Manager and check the performance. If there are GPU 0 and GPU 1 under GPU, and your GPU 0 is in use but GPU 1 is not, it means that it has never been turned on. Switch it through the graphics card control panel or search for tutorials. If there is no independent graphics card, then the computer is too old or too cheap...

3️⃣ Many people say that it is a generated wallet, deceiving people to transfer gas fees. It is good to have this awareness. Really, blockchain must have this awareness, but the minimum cost of this attempt is 3 US dollars. You can also check more information. There is no promotional link in the whole article. The money will be transferred immediately after mining. You can sell it as soon as it arrives, and you can make money. It is purely shared

4️⃣Sometimes it stops while digging. I don’t know if it’s because I opened it incorrectly or for some other reason. It doesn’t happen very often. If it stops, just click it again to start again. If you have encountered this, please comment and tell me.

That's all. It took me an hour and a half to type this tutorial by hand. Friends who have read this far, please give me a thumbs up and a follow.

If you want to buy $SUI , you can click below to buy. Binance has a 5% content creation reward, which will not affect your normal transaction fees. It doesn’t matter if you don’t want to.