Fellow Binancians,
Binance is excited to announce the 33rd project on Binance Launchpool - Sui (SUI), a DPoS layer 1 blockchain based on move programming language. The webpage is estimated to be available in 4 hours, before the Launchpool starts.
Users will be able to stake their BNB and TUSD into separate pools to farm SUI tokens over 2 days, with farming starting from 2023-05-01 00:00 (UTC).
Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs. Exact date and timing will be announced once available.
Users will enjoy zero maker fees on the SUI/TUSD trading pair until further notice.
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
Supported Pools:
Stake BNB (webpage will be available in around 4 hours): 32,000,000 SUI in rewards (80%)
Stake TUSD (webpage will be available in around 4 hours): 8,000,000 SUI in rewards (20%)
Farming Period: 2023-05-01 00:00 (UTC) to 2023-05-02 23:59 (UTC).
SUI Farming Distribution
Read about Sui (SUI) in our research report here.
Please note:
Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to 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.
Binance BNB Vault will support the SUI Launchpool. Users who have staked their BNB in BNB Vault will automatically participate in the SUI Launchpool, and receive SUI rewards daily in their Spot Wallets.
BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Project Links
Website: www.sui.io
Whitepaper: https://docs.sui.io/paper/sui.pdf
Twitter: https://twitter.com/SuiNetwork
Discord: https://discord.com/invite/sui
Blog: https://blog.sui.io/
Participation in Launchpool is subject to eligibility based on the user's country or region of residence.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.
Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming SUI.
Currently, users residing in the following countries or regions will not be able to participate in farming SUI: Belarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Thanks for your support!
Binance Team
2023-04-30
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Note: This announcement was last updated on 2023-05-02 to add details on restricted countries and regions.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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