Introducing Sui (SUI) on Binance Launchpool! Farm SUI By Staking BNB and TUSD🔥
Binance Launches 33rd Project - SUI - on its Launchpool
Binance, one of the leading cryptocurrency exchanges, has yet again announced an exciting new project on its Launchpool. This time it is SUI (SUI), a DPoS layer 1 blockchain based on Move programming language. The news has been creating a buzz in the crypto community, and the excitement is palpable.
The SUI webpage is expected to be available in just a few hours, and the Launchpool will start soon after. Users will be able to stake their BNB and TUSD into separate pools to farm SUI tokens over two days, starting from May 1st, 2023, at 00:00 (UTC).
Once the liquidity requirement is met, Binance will list SUI and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. And the best part is, users will enjoy zero maker fees on the SUI/TUSD trading pair until further notice.
Let's take a closer look at SUI's Launchpool details:
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.
Supported Pools:
- Stake BNB: 32,000,000 SUI in rewards (80%)
- Stake TUSD: 8,000,000 SUI in rewards (20%)
Farming Period: 2023-05-01 00:00 (UTC) to 2023-05-02 23:59 (UTC).
This is an excellent opportunity for those looking to get their hands on a new and exciting cryptocurrency. SUI's underlying blockchain technology and Move programming language offer unique features that make it stand out from other cryptocurrencies. With a total token supply of 10 billion, there is ample room for growth, and the 40 million Launchpool token rewards should pique the interest of crypto investors.
Binance has once again proven to be a leading player in the cryptocurrency industry by bringing innovative projects to its users. The Launchpool is a great way for users to earn rewards while supporting new projects, and SUI is undoubtedly an exciting addition to the platform. So, mark your calendars and get ready to stake your BNB and TUSD into the SUI pools to farm some tokens!
Binance Launchpool has announced the addition of Sui (SUI), a DPoS layer 1 blockchain based on move programming language, to its platform. Users will be able to stake their BNB and TUSD into separate pools to farm SUI tokens over two days, with farming starting from May 1st, 2023. Binance will list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. Users can enjoy zero maker fees on the SUI/TUSD trading pair until further notice. Sui has a total token supply of 10 billion SUI, with 0.4% of total token supply available as launchpool token rewards. The smart contract address for Sui is Sui (SUI), and there is no upper limit for staking. KYC is required to participate in staking, and tokens can only be staked in one pool at a time. Users can unstake their funds at any time with no delay and participate in any other available pools immediately. Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period. To participate, users need to complete their account verification and also be from an eligible jurisdiction.
If you liked reading our article you can follow us💜
Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS
Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running
🪙BTC is at a crucial stage, trading just around the 100EMA support region. On the other hand, BTC dominance keeps pumping, which is not really good for altcoins.
If we don't hold this 100EMA support, the next possible bounce zone will be $66,500.
⚠️Trade carefully and use stop loss on all positions.
Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS
Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running
One thing you all need to understand is zooming out on the $BTC chart. I see many people panicking due to $BTC 's movement in the last 10 days. If you look at history, this is quite normal after such a pump. Usually, $BTC needs more liquidity to move up; the more we consolidate in this region, the greater the pump will be in the coming weeks. If you're worried about the chart, just select the weekly timeframe and zoom out, and you'll understand what I'm talking about.
Phantom is Solana's №1 wallet with an upcoming $PHNTM token airdrop in Q2.
👁 - $1.2B valuation 🛕 - $118M raised from Solana, Paradigm, a16z ⛓️ - 10 million users
1️⃣ Install & Configure the Wallet
⛓ ➣ Head to phantom.app ➣ Download & Install the wallet ➣ Save the seed phrase and continue with password
2️⃣ Fund the Wallet
⛓ ➣ Open the extension ➣ Copy Solana address ➣ Fund it with $SOL from any exchange
3️⃣ Get a Reward
⛓ ➣ Head back to Phantom's official website ➣ Install the wallet on your phone ➣ In the wallet, select 'Quests' > Mint a photo ➣ Customize name & description ➣ Mint NFT [Free]
4️⃣ Claim a Reward
⛓ ➣ If it's minted, refresh the page and select the 'Claim' button ➣ Congratulations! You've collected potential airdrop multiplier
5️⃣ Make Swaps
⛓ ➣ Head to 'Swaps' tab ➣ Select tokens to swap & Specify amount ➣ Make several swaps more
6️⃣ Stake $SOL
⛓ ➣ Interact with Solana in the wallet ➣ Select 'Start earning SOL' ➣ Select a validator & specify an amount to stake
📌And we're done. Don't forget to share this post with your friends and hit maximum reaction for the next airdrop post.
Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS
Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running
Another interesting chart that caught our eye is $ENJ . This one was one of the star performers of the previous bull run. Currently in a heavy accumulation zone, once breakout happens, fireworks shall start. The last target is the previous all-time high, which is almost a 1000% gain from the current price. But again, do not go all in; only invest the amount you are willing to lose and take entry in parts.
IMPORTANT NOTE: As the analysis was conducted on a higher time frame, it may take some time for the price to reach all its targets. Consequently, it is advisable to refrain from investing your entire portfolio in spot trading and allocate a smaller portion instead
Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS
Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running
Another spot trade opportunity during this dip is to buy a decent-sized bag of API3 at the current price of $3.26. API3 is one of the biggest competitors of Chainlink, and I would argue it's even better. Developer commits are on the rise, and the treasury is continuously increasing.
I see huge potential for this project to become a top performer in this bull rally.
Price targets? I expect API3 to easily reach $11-15 in a few months from now, while my long-term targets, where I would start taking some profits, are $50 and above. In my opinion, it should reach $100-150 and even higher, but to keep risk lower, I will book partial profits after $50. Again, do not ask us how many months or year it will take to reach these targets. This is a very serious and long-term investment, and I might hold it for a couple of years as I have high conviction on my research.
So only invest what you are willing to lose, and as always, do your own research before investing.
Liquidations are done; alts still look good. ONLY high-leverage gamblers are liquidated. Remember, the recovery of alts will be faster than ever. Do not enter any new positions yet, but in my opinion, this was likely to flush out late longs. Ready for next leg✅
Alright, here is another trade for low leverage traders: Long $WLD with a maximum of 2-5x leverage at the current price or $9.9. Start taking partial profits from $10.5 onwards. We can expect a breakout in $WLD soon, and fundamentally, with the $NVIDIA conference, I expect $WLD to perform extremely well in the upcoming days.
Short-term targets are $12-14, while long-term targets are $20 and above. No stop-loss is required; either buy this in spot or trade with low leverage (2-5x).
Only trade if you have the appetite to hold for days/weeks.
The NVIDIA AI conference is in a few days, and we are already seeing its effect on major AI coins such as $RNDR (whose CEO will be speaking as the main guest), $WLD, $FET, etc. If you are already invested, keep holding as we might see some huge moves in these coins.
The market is currently sideways, and BTC dominance is going down, which is generally fine for alts to pump. But something feels off about this market. I'm not taking many trades, just trailing my already open trades.
Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS
Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running