In this tutorial, we’ll explore how you can complete a series of tasks in LumiWave for Sui Wonderland 2024.

In this tutorial, we’ll explore how you can complete a series of tasks in 

: Look for LumiWave’s Bybit Web3 Sui Wonderland 2024 campaign post on X.

and add your comments to complete this task.

button at the top right corner of the page. 

: Select your preferred social login option (

: Follow the instructions to complete your registration.

Ensure that you create a written record of it and remember it

, as losing this password will make your wallet 

and follow the instructions to connect successfully. Please note that you’ll need to disconnect your Sui wallet first in order to enable the 

Beginner

How to Complete LumiWave Tasks for Sui Wonderland 2024

Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

sui name service (suins).png

Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

Intro to Santiment.png

Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

GameFi

Altcoins

Metaverse

Derby Stars is a play-to-earn horse racing metaverse game built on the Polygon powered by a dual token economy consisting of DSRUN and CRT.blockchain

Derby-Stars-pvp-competition.webp

Derby-Stars-NFT-marketplace.png

Derby-Stars-DSRUN-tokenomics.png

, there’s a glaring void when it comes to unique and simple 

-based gaming platforms. Furthermore, few (if any) crypto projects have tapped into the lucrative world of horse racing. 

 takes a fresh approach to the crypto gaming economy. Its user-friendly game helps you earn crypto as you race horses virtually. Let’s dig deeper into the 

 is a first-of-its-kind play-to-earn horse racing metaverse game built on the 

. It’s been built by a group of gaming veterans to bring a new and exciting experience to the gaming crypto economy using NFT horses.

Players can own, breed, raise, train, race and even trade horses in this elaborately crafted game. The more wins horses get, the more prestige and value they hold. 

Set in a 3D universe where players can breed, train and race virtual horses to earn crypto rewards, 

 uses its own racing engine and cartoon rendering graphics for a truly immersive environment as players race their own unique horses across breathtaking scenery.

For a start, players are required to choose a jockey (from four free options) to represent them, with the potential to gain a special fifth jockey if they receive the Early Migrator Badge. The jockey avatar can be fully customized, with eight body components to choose from.

Since the horse NFT is the racing engine of the game, a player must acquire it in order to participate in the training program and racing competitions. Like the jockey avatars, the horse NFTs are made of eight different parts, but are randomly distributed to players upon purchase and cannot be customized. Players can choose to release their horses back to nature in exchange for better and high-value items, including rare-grade horses.

For training to commence, the player selects their race of choice and makes it their goal. The chosen race determines the training period, but the length of full-time in-game training is three years. The total number of points acquired during the training informs the final grade, with the highest receiving a Grade S rank and the lowest a Grade F. The higher the rank of the horse, the more utility tokens, better quality food and experience-increasing items the player receives.

Players can choose from two types of games, as follows.

During the training mode, players can engage in PvE race competitions, which are held with NPCs according to the player’s set schedule. The player can access information before the race to learn more about the participating horses and race course stats, and then make changes in running style based on the data. During the race, it's also possible to check other horses’ progress and to see which horses use particular skills, all in real time.

PvP competitions are held seasonally, and the points accumulated from each race lead to token rewards. Top players who achieve high rankings receive more bonuses, and the winner for each season gets to enter the Hall of Fame. Players need to register with a fee for a competition they wish to compete in, but are free to spectate at any competition.

Based on complex algorithms, and at a fee, players can breed their horses to create multiple foals within the set parameters. Inbreeding is restricted, and crossbreeding between parents and children is not permitted. The breeding fees are paid using CRT and DSRUN tokens, and the mating fee for the stallion in CRT. The characteristics of each new horse are randomly created based on the parents' traits.

For the ultimate gaming experience, players can create or purchase different types of NFTs. 

. Each horse NFT is categorized according to statistics, talent, track preferences and skills, all of which affect the quality of the horse. While statistics can be leveled up, talent, track preferences and skills are fixed, and cannot be altered through training.

Players receive a soul NFT when they breed two horses. The soul NFT can also be hatched as a foal after five days. Soul NFTs aren’t movable creatures, so players can't use them in training programs or racing competitions. However, they can trade them on the 

A foal can participate in all aspects of the game except breeding. After 72 hours, however, a foal matures into a grown horse, resembling its parents in appearance and ability. Occasionally, a mutant may be born with capabilities that eclipse those of its parents.

DSRUN is earned through PvP competitions. Its primary use is as a governance token for proposing and voting on the 

The CRT token supply is unlimited, but they’re only used as in-game currency for breeding horses and crafting items. A player can earn them through various user interactions, such as training horses, PvP competitions and other events.

 has a fixed max supply of 500,000,000 DSRUN tokens, as well as its unlimited supply of CRT tokens.

To limit inflation, protect NFT values and prevent the number of horses from growing indefinitely, the project team incinerates a portion of the consumed CRT and returns all the DSRUN accumulated in the Event Pool as rewards to Derby Star players within various game systems and events. 

The allocation of DSRUN tokens is as shown below.

 comes with backing from one of the top blockchain scalability platforms, Polygon. Thus, it can leverage affordable transactions, further improving user experience.

 team has over 99K followers on X (formerly known as Twitter) and 55.6K followers on Discord. The team values their followers’ input around new developments, showing their commitment to the community.

 is no ordinary P2E racing game: it’s based on unique horse racing stories, and the exemplary graphics and background visuals will capture your imagination, inspiring you to gallop straight to the Hall of Fame. 

What’s more, players can earn crypto in various ways (apart from racing), such as training, breeding and renting out idle horses. 

as a good investment, we highly recommend you 

 before investing in the project, since it’s new and therefore prone to market volatility.

DSRUN tokens are available for purchase on Bybit as a Spot pair (

, you have the opportunity to win from a 50,000 USDT prize pool simply by depositing DSRUN. New users who create an account with Bybit and deposit 100 USDT worth of DSRUN, or deposit 100 USDT to trade DSRUN, can earn 40 USDT from a 40,000 USDT pool. 

Likewise, existing Bybit users who participate have a chance to earn 20 USDT from a 10,000 USDT pool by depositing 100 USDT worth of DSRUN or depositing 100 USDT to trade DSRUN. 

 is bringing excitement back into the gaming space. With tons of easy and fun features, a vibrant community and support from reliable bigwigs in the crypto space, this exciting game is waiting to take you through a horse racing extravaganza like no other. 

Derby Stars (DSRUN): Racing Horses to Earn Crypto

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards