Why Bluefin will become the next miracle of Sui ecosystem?

Finally, we have the alt season! The last alt season lasted 88 days, and this time we have just started a fruitful week. Bitcoin fell back sharply last Friday, and alts were unexpectedly strong. If this is not alt season, what is it? Everything familiar is back, and everything may have just begun.

After the Hyperliquid TGE, the price of the coin continued to rise and exceeded 10 billion US dollars. Sui, as the strongest public chain coin after Solana, has repeatedly set new highs. Hyperliquid @bluefinapp on Sui chose the right time and place to TGE at this time. Here's why Bluefin is worth paying attention to and how to participate now.

1. Business Introduction

Bluefin is a decentralized exchange that focuses on contracts and spot, providing a high-performance trading experience. Bluefin contract trading accounts for more than 85% of the Sui ecological market, and also supports pre-market and contract trading of Sui ecological projects. Spot automatic market maker trading has just been launched for two weeks and has reached a trading volume of 130 million US dollars. In addition, Bluefin has built a complete set of meme infrastructure, aiming to become the meme trading center of the Sui ecosystem. So far, Bluefin has integrated contracts, aggregators, and liquidity pools, and has formed a one-stop on-chain exchange layout that combines on-chain market making and RWA narratives. Since its launch in September 2023, the total transaction volume has exceeded US$38 billion, with more than 72,000 users and US$32.54 million TVL (total locked value).

2. Fundamentals

Bluefin was created by a European and American team, and its founders have backgrounds in prestigious universities such as the University of Pennsylvania and Berkeley. It has received support from top institutions such as Polychain, Brevan Howard, SIG, Tower Research, and Wintermute. There have been no security incidents in the past 3 years, it is equipped with full-time internal security engineers, and has cooperated with 4 top security companies (Trail of Bits, PeckShield, Halborn and Halborn).

3. Token Economics

52% of the tokens are used for ecosystem growth, 20% of the tokens are given to core contributors (no unlocking in the first year, linear unlocking in the next two years), and 28% are given to strategic partners (top venture capital and market makers, no unlocking in the first year, linear unlocking in the next two years).

Tokens for ecosystem growth are mainly used for user incentives (32.5%, unlocked in 5 years, of which 19.68% are airdropped and 12.82% are used for subsequent incentives), protocol development (8.5%, 1/3 unlocked by TGE and the remaining 2 years), treasury (6.5%, linearly unlocked for 36 months after 3 months), liquidity reserves (4.5%, unlocked by TGE, used for CEX market making and DeFi liquidity)

The Bluefin project has a big picture and allocates 19.68% of airdrops to existing and new users. The first part of the confirmed additional airdrops includes Bluefin early community supporters (15.82%), SUI ecosystem partner users (1.67%), Solana and EVM partner users (1.4%), and NFT community partners (0.79%). Users can link Sui, EVM, Base and SOL wallets to check, and there may be unexpected surprises.

Query link: http://trade.bluefin.io/airdrop

Bluefin token economics is well designed, which not only rewards early users, but also takes into account users of Sui ecology and other active ecology, which is conducive to attracting the attention of potential value users. In the future, sufficient token rewards will be reserved to incentivize users to continue using the protocol. There is no unlocking for core contributors and strategic partners in the first year, which ensures the long-term binding of the team, partners and the protocol, is conducive to the sustainable development of the protocol, and protects the interests of coin holders.

IV. Participation Methods

Part II Airdrop Bluefin Accumulated Interaction Rewards (Historical Rewards) are still accumulating. Users can obtain accumulated points and Sui rewards by interacting in Bluefin.

Currently there are the following methods

4.1 Buefin Contract Trading Mining

Get SUI rewards and Blue points based on transaction fees. Users who have traded and earned in Bluefin this year will receive a 20% point bonus. Suitable for users who need to trade mainstream currencies and Sui ecological currencies on a daily basis.

4.2 Bluefin Stablecoin Pool

Deposit wUSDC to provide liquidity to top market makers, obtain SUI and Blue points, and the APR changes dynamically. There is a time limit for withdrawal, and interest and points continue to be calculated during the redemption period.

4.3 Bluefin Spot Liquidity Pool

Provide spot liquidity, obtain SUI and Blue points, and funds can be withdrawn at any time.

Bluefin participation link: https://trade.bluefin.io/referral/v2-rfw60l