I recently wrote a blog on the airdrop campaign from Kriya app running on SUI blockchain.
The main reason I am really excited about this airdrop is that there are not even 10K users grinding for this airdrop actively. It is like a hidden gem in the SUI ecosystem and I have seen that SUI airdrops were pretty good recently specially DEEP.
Kriya recently announced that they have updated the tokenomics for the last phase of Airdrop grind. They plan to give out 40% of the tokens to airdrop participants of which 10% will be given to users who mint their Chakra NFT and 30% will be distributed according to how many points you accumulate.
I usually focus on airdrops that are free to participate but this time I am making an exception for Kriya as it requires paid minting of their Native NFT to be eligible for the airdrop but I think this NFT will have long term use case for their platform so will be worth minting.
What Exactly is Kriya?
Kriya calls itself as “1-Stop DeFI Protocol on SUI” as it offers a wide range of DEX services like Swapping, Liquidity pools, Lending. It keeps adding the new coins and projects to the list of pools. It already has options to lend or borrow SUI based sSUI, vSUI and mSUI which shows it is collaborating with other project running on SUI.
It is running a rewards program with Score of MAYA points which are awarded for interactions on the platform through swapping, lending etc. The more MAYA points you earn higher will be your eligibility for their future airdrop of $KDX tokens.
The airdrop is expected to end on 17th Jan so we have about 1 week to accumulate some MAYA points.
Pre-Requisite for Joining the Airdrop!
One of the key requirements for being eligible for the airdrop is that you will need to mint their NFT which costs 5 SUI tokens which is discounted to 2 SUI for people who have a valid referral code. 2 SUI currently is worth about $10 and I think that could be a reason why not many people are grinding for this airdrop. This controls airdrop dilution as Sybil users will be discouraged due to the NFT requirement. Do keep in mind that there is no guarantee on how big the airdrop will be so DYOR before making the decision of minting the 2 SUI NFT. I have decided to mint the NFT as I have seen that most popular NFTs on SUI are gaining value.
One important point to consider here is that the MAYA points you earn as part of the airdrop campaign can be sold on major DEXs of SUI. As per my calculation you will be able to recover more than your NFT investment if you have about $50 worth of SUI or other SUI ecosystem assets to stake on Kriya for the next week. Anything more you do will be extra bonus. Currently 500 Maya points are worth $10 on SuiLend.
Referral Program
The project does want the project to be spammed so they have designed it like an exclusive airdrop. When the project is free to participate it gets spammed my millions of accounts many of which are Sybil.
Kriya has put the requirement to mint the NFT worth 2 SUI ($10) to control the spam users.
Another control they have put in place is that without a valid referral code it will take 5 SUI to mint the NFT which is about $25 currently.
Even the referral program has a limit that each user can only refer a maximum of 10 other users. This is the reason why I request you to use my referral code only if you are a serious user on SUI platform else it will be a waste for you and me.
If you are genuinely interested in SUI long term then feel free to use my referral link to join Kriya and mint their participation NFT - https://app.kriya.finance/airdrop/SAMBTC
If you have any questions about Kriya then do let me know in the comments.
Cheers,
Sam
