Bybit Opens Expected SUI Token Presale On April 18

Key Points:

• Bybit announced the official opening of the presale for SUI tokens on April 18 on ByStarter.
• Whitelisted participants will have the opportunity to purchase SUI tokens during this recognition sale.
• Prior to that, the SUI community was buzzing with a potentially imminent SUI airdrop. However, the developer was quick to deny the rumor.

Bybit officially announced that SUI tokens would be distributed to selected community members through a presale that will launch at 10 am UTC on April 18.

According to the official announcement from the exchange, Bybit said it would launch the sale of SUI, the native token of the Sui Network, on its ByStarter platform on April 18, 2023, at 10 am UTC.

In recognition of the initial contributions from the Sui community to the Sui ecosystem and their unwavering support, SUI tokens will be made available to select community members through an accreditation sale. Whitelisted participants will have the opportunity to purchase SUI tokens during this recognition sale.

ByStarter is an advanced token sale platform revolutionizing the crypto investment game. With a rigorous selection process to ensure only the most innovative projects are featured, ByStarter offers users a unique opportunity to invest in early-stage projects before they are traded central.

Prior to this, the blockchain fanbase was also buzzing with a likely SUI airdrop coming up. However, there needs to be some clarification about the existence of such an airdrop. The network’s founder, Adeniyi Abiodun, was quick to deny the existence of any airdrops to avoid instances of spoofing taking place.

Sui is the first permissionless layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that serve the next billions of users in Web3. The high scalability of the network is built on two main inovations, the MOVE Programming Language and the Narwhal-Tusk Consensus Algorithm.

The SUI token is expected because it is used as the currency to pay gas for all activities on the Sui blockchain. Besides, Validators staking SUI are used to participate in the transaction consensus process.

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