Mysten Labs recently launched Winter Quest on the X platform, introducing the opportunity for users to win up to 1,000,000 gifts worth 500,000 SUI.
Eligible activities to earn these rewards include interacting with DeepBook, Hyperspace, SuiMint, and SuiFrens on the blockchain.
Rewards, which Mysten Labs calls “gifts,” are given out through a daily reset cycle.
Each gift contains a random amount of SUI.
Progress and earning quotas reset every 24 hours at 00:00 UTC, and actual gift distribution occurs at 01:00 UTC.
Reference: Mysten Labs’ Winter Quest Scoring Logic
Winter Quest is open to everyone, but SuiFrens holders are granted a special privilege that adds a 15% multiplier to the standard reward structure, providing enhanced opportunities to accumulate gifts.
Participants will also have the option to trade futures on Hyperspace, providing a unique way to engage within the Sui community and potentially devise strategies to optimize rewards.
The Winter Quest ends when all available gifts have been distributed.
Founded by five former Facebook engineers, Mysten Labs was founded two years ago with one simple dream. It was a simple dream: to simplify online fund transfers, including cryptocurrency, and make the process as simple as basic online communication.
Mysten Labs successfully completed a $300 million fundraising effort, bringing its valuation to over $2 billion.
The company is backed by leading players in the Web3 space, including Andreessen Horowitz’s a16z cryptocurrency unit, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures.