Binance To Launch Sui (SUI Token) As 33rd Project On Launchpool

Key Points:

• Binance has added Sui (SUI) to its Launchpool, allowing users to farm SUI tokens by staking Binance Coin (BNB) and TrueUSD (TUSD).
• The supported pools include Stake BNB and Stake TUSD, offering 32,000,000 SUI rewards (80%) and 8,000,000 SUI rewards (20%), respectively.

Binance introduces Sui as the 33rd project to Launchpool, allowing users to farm SUI tokens by staking BNB and TUSD.

Binance has announced the addition of Sui (SUI) as the 33rd project on its Launchpool. Sui is a DPoS layer 1 blockchain based on the move programming language. As per the announcement, users will be able to stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools to farm SUI tokens over 2 days, starting from May 1, 2023 00:00 (UTC).

The supported pools include Stake BNB and Stake TUSD. Stake BNB offers 32,000,000 SUI in rewards (80%), while Stake TUSD offers 8,000,000 SUI in rewards (20%). The farming period is from May 1, 2023, 00:00 (UTC) to May 2, 2023, 23:59 (UTC).

SUI Launchpool Details include:

• Token Name: SUI (SUI);
• Total Token Supply: 10,000,000,000 SUI;
• Launchpool Token Rewards: 40,000,000 (0.4% of total token supply);
• Initial Circulating Supply: 528,273,717 (5.28% of the total token supply);
• Smart Contract Address: Sui (SUI);
• Staking Terms: No upper limit. KYC required.

Following the farming period, Binance will list SUI when its liquidity meets the requirements and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. The exact date and timing for this will be announced once available. Moreover, users will enjoy zero maker fees on the SUI/TUSD trading pair until further notice.

The SUI Farming Distribution includes Dates (00:00:00 – 23:59:59 UTC daily). The dates are from May 1, 2023, to May 2, 2023, with total daily rewards of 20,000,000.00 SUI, BNB Pool Daily Rewards of 16,000,000.00 SUI, and TUSD Pool Daily Rewards of 4,000,000.00 SUI.

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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