OKX Opens First SUI Token Public Sale For $0.1 On Apr 23

Key Points:

• The first public sale of SUI tokens will take place on April 23 on OKX Jumpstart in the form of a token allocation lottery.
• The total amount of the public sale is 225 million SUI, the sale price is 1 Sui = $0.1 and the payment currency is OKB.
• The sale is only available to Sui ecosystem contributors.

OKX Jumpstart will start selling the new SUI token on April 23, 2023. The event will be held for the first time in registration lottery mode.

According to the official announcement, the first public sale of SUI tokens will take place on April 23 on OKX Jumpstart in the form of a token allocation lottery. OKB holders can use their OKB to get lottery tickets and winning tickets will have a chance to buy SUI. An additional recognition sale will be available to Sui ecosystem contributors.

To participate in Accreditation Sales, users must be officially whitelisted by the Sui Foundation. Whitelisted users can purchase up to 1,500 SUI from a total of 25,000,000 SUI for just $0.03, and the tokens will be fully unlocked during the mainnet launch.

Then, whitelisted users can use OKB to purchase SUI during the OKX Jumpstart event. Anyone participating in this special event will still be able to participate in the token allocation lottery.

Registration period: April 23, 2023 02:00 UTC to April 24, 2023 02:00 UTC. The number of tickets you can get depends on the average amount of OKB held in the 3 days prior to the registration date (April 20-22). This is calculated by taking a daily snapshot of your holdings for these 3 days. For each OKB token held, you can get up to 4 tickets. Winning tickets contain 100 SUI and for each losing ticket you buy, your OKB will be refunded. The number of winning tickets that each user can receive is limited to 100 (10,000 SUI).

The awarded SUI tokens will be distributed over a 12-month period. After confirming the number of winning tickets, users will unlock 1/13 of their tokens on the same day, and an additional 1/13 can be unlocked on the same day each month. Unlocked SUI tokens will be automatically released to the user’s Funding account.

Sui Blockchain is widely supported by the community for its horizontal scalability to support a wide range of dApp development with unparalleled speed and low cost. It is the first platform to bring users a general purpose blockchain with high throughput, instant payment speed, rich on-chain assets, and user-friendly web3 experience.

As mentioned earlier, in addition to OKX, Bybit is also an exchange that also issues SUI tokens to the people who develop its ecosystem. Bybit announced the official opening of the presale for this tokens on April 18 on ByStarter.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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