Suku 2024 Mid-Year Recap

Suku Team
Suku
Published in
5 min readAug 2, 2024

Hey there! Lots have happened during the first half of the year here at Suku, and we wanted to share a bit of the journey with all of you. Buckle up — it’s been an exciting ride!

✨PRODUCT HIGHLIGHT✨

SukuPay Launch

In April, we introduced SukuPay, a fully non-custodial wallet that enables international remittances without apps or setups. This breakthrough simplifies global transfers using native USDC on Polygon PoS.

By simply using your phone number to log into our web app, SukuPay enables fast, secure, and highly affordable transfers.

On and off-ramps are currently only available in the US, but stay tuned for news in H2!

You can try SukuPay here.

JANUARY

Rarible Gravitals

Collaborating with Rarible and Polygon Labs, we launched the first-ever crowdsourced NFT collection minted on X (formerly Twitter). The “Gravitals” mint was open for 72 hours, allowing anyone to describe their desired NFT and tag @Rarible @SukuThis and @0xPolygon.

On December January 31st, Suku, with the support of Rarible and Polygon, launched the first crowdsourced AI-generated NFT collection minted entirely on Twitter called “Gravitals”. Users all around the world minted more than 11,600 NFTs. The campaign delivered over 100 million organic impressions and reached over 90 million users.

[Official Collection]

FEBRUARY

Discount Codes/NFTs Distribution on X for the first time

In partnership with Suku, Bitrefill gave away over 6,700 discount codes NFTs minted entirely on Twitter!

Minting was as easy as tagging @bitrefill and @sukuthis. Each NFT contained a unique code for $$ off your next Bitrefill purchase. The campaign generated over 140 million impressions, reached 100 million+ users, and a happy community of crypto-curious discount hunters!

[Check out the adorable collection on OpenSea]

Barcelona MWC

In February, our CEO and Head of Operations visited Barcelona for the Mobile World Congress. It was a fantastic opportunity to network and showcase Suku’s innovative solutions among industry leaders.

APRIL

A gamified launch for SukuPay

To celebrate the launch of SukuPay, we introduced the “One World, One Dollar” campaign — a fun and engaging global challenge.

We had participation from 4,520 players across 100 countries, with USDC traveling 18,140,369 km in total—about 23.6 roundtrips to the moon. The game’s public dashboard allowed players and friends to monitor their dollars and see their progress and competitors.

The game was also powered by partners like @0xPolygon for robust infrastructure, @privy_io for privacy solutions, and @AlchemyPlatform for developer tools.

This campaign demonstrated the simplicity of cross-border transactions and highlighted our commitment to financial inclusion. Read more about this exciting initiative here.

MAY

Guatemala

Guatemala receives approximately $20 billion in remittances yearly, often through slow, expensive, and uncomfortable systems. So, we went out there! Our Head of Operations, @rafafremd, spent a week learning about the local reality, meeting with partners, and discussing the future of remittances at an event with top retail brand leaders. Guatemala, we’ll be back! 💘

JUNE

Chainlink BUILD

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. In June, we joined their program Chainlink BUILD to gain enhanced access to Chainlink’s industry-leading oracle services and technical support, which helps support the security and use of blockchain-enabled global payments.

In exchange for these services, Suku will make 3% of its native token (SUKU) supply available to Chainlink service providers, including stakers, over time (to be defined in the future). These mutually aligned economic incentives enable both communities to support one another.

Read the full announcement here.

Circle Alliance Program

We joined the Circle Alliance Program to drive innovation and enable accessible international remittances with USDC for everyone. The Program is a global ecosystem of organizations working to innovate and expand financial inclusion for billions of people worldwide.

Learn more about the program here.

Team Off-Site

Our team gathered in Buenos Aires for an unforgettable off-site in June, marking our first in-person gathering after years of remote work. The week was filled with reflections, strategic discussions, and well-deserved fun. Together, we’re ready to tackle the future and continue innovating in the Web3 space.

JULY

New Office

We opened our HQ office in Miami, a new hub for our growing operations.

New Members

This year, we welcomed Diego, Juaco, Lucas, Luz, and Marcela to the Suku team. Their expertise and enthusiasm are already making waves.

Thank you for being part of our journey and supporting Suku. With your continued trust and engagement, we’re excited to push the boundaries of Web3 and revolutionize global remittances. The best is yet to come, and we can’t wait to share more milestones with you in the weeks ahead.

ABOUT SUKU

Suku is on a mission to democratize access to Web3, making its benefits accessible to all Internet users. We are committed to building user-friendly and intuitive tools that simplify the complexities of Web3, making it easy for everyone to leverage its potential. As the Head of Marketing, you will play a pivotal role in shaping our marketing strategy and leading our team to ensure that Suku’s innovative solutions reach and resonate with a global audience.

ABOUT SUKUPAY

SukuPay is a decentralized digital wallet that revolutionizes international remittances. Our platform enables seamless national and international transfers between phone numbers, eliminating the need to download apps or set up accounts. We aim to make cross-border transactions fast, affordable, and accessible to everyone, especially those underserved by traditional financial systems.

Wherever you are, you can try SukuPay here.

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Suku Team
Suku
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Building simple and powerful tools to connect millions of web3 citizens and experiences in one rewarding ecosystem. All powered by SUKU 🟢