According to official news, Turbos Finance will launch the Sui DePIN project SUI DePin IDO today at 19:00 on Turbos Launchpad. SUI DePin is a brand new IDO procurement model officially introduced by Turbos Launchpad, providing users with a more efficient and fair way to participate. Unlike the traditional first-come-first-served (FCFS) model, the new model allows users to participate in the IDO by staking $SUI or $TURBOS, with allocations based on the amount staked, optimizing the user participation experience.
The new procurement model is centered around the 'Oversubscription Model', which automatically calculates allocation ratios through smart contracts. When users' staked funds exceed the target financing amount, the excess will be automatically returned to the user's wallet after the allocation is completed, ensuring flexibility and maximized use of funds. This design avoids the pressure of rush buying and reduces the risk of users wasting funds due to participation failure.
Previously, Turbos Launchpad has successfully facilitated 5 projects to complete their IDOs since November 2024, and has launched exclusive liquidity pools on the Sui public chain. Especially for AI-related projects, past token performances have been impressive, recording increases of 3x to 10x after TGE, showcasing the platform's strong advantages in quality project selection and market enthusiasm.