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.
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