Key Points:
Sui (SUI Token) has been added as the 33rd project on Binance's Launchpool, allowing users to farm SUI tokens by staking Binance Coin (BNB) and TrueUSD (TUSD) in separate pools.
The farming period will last for two days, from May 1, 2023, 00:00 (UTC) to May 2, 2023, 23:59 (UTC). Following the farming period, Binance will list SUI and enable trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs.
Binance has announced zero maker fees on the SUI/TUSD trading pair until further notice. The addition of Sui to Launchpool provides liquidity and trading opportunities for SUI and is a significant development for the project.
binance
Binance is launching Sui (SUI Token) as the 33rd project on its Launchpool. Users will be able to farm SUI tokens by staking Binance Coin (BNB) and TrueUSD (TUSD) into separate pools. The farming period is set to last for two days, starting from May 1, 2023, 00:00 (UTC).
SUI 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.
Sui is a DPoS layer 1 blockchain that uses the move programming language. Binance has stated that users can stake their BNB and TUSD in the Stake BNB and Stake TUSD pools, respectively. The rewards for Stake BNB will be 32,000,000 SUI tokens (80%), while Stake TUSD will offer 8,000,000 SUI tokens (20%).
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 specific date and timing for this will be announced at a later stage. Additionally, Binance has declared that 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. The BNB Pool Daily R
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Source: Binance
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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
