OKX is excited to announce the launch of Cryptopedia Season 4, a learn-to-earn initiative centered around the Sui blockchain ecosystem. This program offers users a structured way to engage with leading decentralized applications (DApps) while earning valuable rewards.
Event Overview and Key Dates
Cryptopedia Season 4 begins at 11:00 AM Vietnam Time (GMT+7) on July 19, 2023, and concludes at 11:00 AM on August 2, 2023. The event is designed to be accessible directly through the OKX Wallet, providing a seamless gateway into the Sui network's growing Web3 space.
Participants who complete specific interactive tasks with the featured DApps will be eligible to receive a share of the reward pool. The total reward pool is valued at over $250,000 and includes 370,370 SUI tokens, plus additional tokens and NFTs provided by the project partners.
How to Participate in Cryptopedia Season 4
Getting started is straightforward. Follow these steps to begin exploring and earning:
- Download or Update the OKX App: Ensure you have the OKX mobile app, version 6.22.0 or higher.
- Access Your Wallet: Open the app, select the 'Wallet' tab, and either create a new wallet or import an existing one.
- Navigate to Cryptopedia: Tap on the 'Discover' tab at the bottom of the app and locate the "Cryptopedia: Learn and Earn" banner.
- Select Season 4: Choose the Sui Network season to view all available interactive DApp tasks.
- Complete and Verify Tasks: After finishing a task, wait at least 10 minutes for the data to be recorded on the blockchain before clicking the "Verify" button to confirm your completion.
👉 Explore the official event page for more details
Featured DApps and Task Rules
Season 4 highlights five prominent projects within the Sui ecosystem. Each has its own unique interactive task for users to complete:
- Cetus: Complete a trade of at least $5 through the CETUS-SUI or CETUS-USDC trading pair on Cetus, AND provide at least $5 in liquidity to one of those same pairs.
- MovEX: Deposit a minimum of 5 SUI and 5 USDC into the SUI/USDC pool in a single transaction, AND conduct trades totaling more than 5 SUI (buying or selling).
- NAVI Protocol: Supply a minimum of 5 SUI to the NAVI Protocol in a single transaction.
- Scallop: Supply a minimum of 5 SUI or 5 USDC to the Scallop lending pool in one transaction.
- Typus Finance: Deposit at least 5 SUI, 5 USDC, or 10 CETUS into any vault on Typus Finance until it is activated, AND place a bid within any of its vaults.
Completing and verifying a task makes you eligible for an NFT draw. There are five types of NFTs: Poseiden, Neptune, Triton (common), and Aegir and Njord (rare). Holding these NFTs is key to qualifying for various reward tiers.
Reward Structure and Distribution
The rewards are distributed across two main categories:
1. Main SUI Token Pool (370,370 SUI)
From each of the five DApps, 2,500 lucky winners will be randomly selected from all participants who completed that DApp's task. These 12,500 winners will share the 370,370 SUI tokens.
2. Additional Project-Specific Rewards
Each partnering DApp is providing extra rewards for participants who hold the rare Aegir or Njord NFTs. The allocation is as follows:
- Cetus: 1,000,000 CETUS tokens to be shared by 650 winners.
- MovEX: 25,000,000 MovEX points to be shared by 2,500 winners.
- NAVI Protocol: 300,000 NAVI tokens to be shared by 1,000 winners.
- Scallop: 250,000 Scallop tokens to be shared by 600 winners.
- Typus Finance: 666 whitelist spots for a free mint of a Typus Finance NFT, plus an additional 1,000 Typus tokens for each winner after minting.
All rewards will be distributed based on a transparent, on-chain random draw mechanism using block hash rules. The OKX Web3 Wallet will distribute the SUI tokens within 14 working days after the event concludes. The partner projects will manage the distribution of their respective token rewards.
Introduction to the Sui Ecosystem Projects
This season focuses on the innovative Sui blockchain, a high-throughput Layer 1 network. The participating DApps represent core components of its DeFi landscape:
- Sui: The foundational layer, Sui is a permissionless blockchain designed for instant settlement and high throughput, enabling a wide range of applications with low costs.
- Cetus: A leading decentralized exchange (DEX) and concentrated liquidity protocol. It aims to build a robust trading infrastructure to facilitate easy and efficient trading for all users.
- Scallop: A next-generation money market protocol and one of the first Sui ecosystem projects to receive a grant from the Sui Foundation. It emphasizes institutional-grade quality, enhanced composability, and strong security.
- NAVI Protocol: The first native one-stop liquidity protocol on Sui, allowing users to participate as liquidity providers or borrowers.
- Typus Finance: A real-yield infrastructure platform. Its first product is DeFi Option Vaults (DOVs), which offer structured investment strategies with defined risk parameters.
- MovEX: A community-oriented organization providing the best liquidity provision and trading experience. Its core products include a hybrid AMM + order book DEX and smart liquidity allocation services.
Understanding OKX Cryptopedia
OKX Cryptopedia is an ongoing learn-to-earn series that simplifies the process of discovering and interacting with the decentralized web. By partnering with different blockchain networks and their top projects, OKX creates curated events where users can complete educational tasks to earn rewards.
The program's core mission is to lower the barrier to entry for Web3. It provides a safe, guided environment for users to explore new DApps, understand their functions, and become active participants in various crypto ecosystems, all while being incentivized for their time and learning.
👉 Discover more learn-to-earn opportunities
Frequently Asked Questions
What is OKX Cryptopedia?
OKX Cryptopedia is a recurring learn-to-earn program that allows users to discover and interact with decentralized applications (DApps) on different blockchains. By completing simple, educational tasks, users can earn cryptocurrency rewards and NFTs.
Who is eligible to participate in Season 4?
Participation is open to both new and existing OKX users. However, due to regulatory restrictions, users from the United States, North Korea, Crimea, Cuba, Iran, Syria, Venezuela, and certain other territories are unable to participate based on their IP address.
How are the winners selected?
Winners for the token rewards are selected randomly using a provably fair method based on blockchain hash rules. This ensures transparency and fairness for all participants.
Why do I need to wait 10 minutes to verify my task?
This waiting period allows the transaction data to be fully confirmed and recorded on the blockchain. Attempting to verify immediately may fail due to processing delays, so it's best to wait to ensure a successful verification.
Can I win rewards from multiple DApps?
Yes, you can complete tasks for all five DApps. Each completed task makes you eligible for that specific DApp's reward draw. However, each wallet address can only receive one reward per DApp category.
When will I receive my rewards?
The SUI token rewards will be distributed by the OKX Web3 Wallet within 14 working days after the event ends on August 2. The partner projects (Cetus, MovEX, etc.) will handle the distribution of their additional rewards, and the timing will be announced by their respective teams.
Important Terms and Conditions
OKX reserves the right to disqualify any participant involved in fraudulent, dishonest, or illegal activities or for any other reason it deems fit. The company also holds the sole right to interpret these terms, and to modify, suspend, or terminate the campaign at any time without prior notice.
All participants agree to abide by the OKX Wallet Terms of Service and Privacy Policy. Participants are solely responsible for any taxes, fees, or additional costs associated with accepting and using their rewards.
This content is for educational and informational purposes only. It does not constitute an offer, solicitation, or recommendation to deal in any products or financial instruments.