Sui Token Received A Strong Response From Exchanges

Key Points:

Sui Token is being announced by exchanges simultaneously to be listed.
Whitelisted individuals can get up to 1,500 SUI from a total of 25,000,000 SUI for the low price of $0.03.
This could be the new wave after the March Arbitrum airdrop.

OKX, Bybit, and Kucoin stated on April 15 that they would list Sui Token, and all relevant exchanges have started a subscription system for Sui Token’s whitelist. There is no word yet on Binance listing Sui Token or the other exchanges like Coinbase and Huobi.

Sui Token Received A Strong Response From Exchanges 2

According to the OKX announcement, the general sales distribution SUI token sales price is 1 SUI = $0.1, and the maximum number of individual purchases is 10,000 SUI.

Sui ecosystem contributors are the only ones who may purchase more recognition. Users must have been formally whitelisted by the Sui Foundation in order to participate in the Commendation Auction. Whitelisted individuals may acquire up to 1,500 SUI from a pool of 25,000,000 SUI for as cheap as $0.03; tokens will be completely unlocked at the mainnet launch.

Tweets by Bybit_Official

Previously, Evan Cheng and Adeniyi Abiodun, founders of Sui development firm Mysten Labs, said on TwitterSpace that a community access plan with a whitelist of 100,000 users would be implemented.

Even Adeniyi Abiodun reacted to Twitter users’ inquiries regarding SUI airdrops, applicable unequivocally that there would be no SUI airdrop plans in the future, Coincu reported.

On March 22, Mysten Labs struck a deal with FTX to buy FTX’s equity stake in Mysten Labs and SUI token warrants for $96.3 million in cash.

Blockchain development team Mysten Labs secured $300 million in funding in September of last year, with FTX Ventures leading the investment from Coinbase Ventures, Jump Crypto, a16z, Circle Ventures, Binance Labs, and others.

After the big airdrop from Arbitrum, Sui will certainly be well-received by the community. In addition, with the current upward price dynamics of the crypto market, it is likely that SUI will gain a lot of support when listed on major exchanges like Binance and Coinbase.

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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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.