Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of its 33rd project on Binance Launchpool – Sui (SUI). The Sui project is a DPoS layer 1 blockchain based on move programming language.
Sui aims to provide a high-performance blockchain platform for decentralized applications (DApps), with a focus on scalability, security, and interoperability. With its innovative technology and strong development team, Sui is poised to become a major player in the blockchain space.
The Sui token (SUI) ICO will be launched on Binance Launchpool, allowing users to stake their BNB and TUSD into separate pools to farm SUI tokens over a two-day period, starting from 2023-05-01 00:00 (UTC).
Here is a step-by-step guide on how to participate in the Sui token ICO on Binance Launchpool:
Step 1: Create an account on Binance
To participate in the Sui token ICO on Binance Launchpool, you will need to have a Binance account. If you don’t have one, you can create one by visiting the Binance website and completing the registration process.
Step 2: Complete your account verification
To be eligible to participate in the Sui token ICO, you will need to complete your account verification on Binance. This involves providing personal information and verifying your identity.
Step 3: Check your eligibility
Users from certain countries and regions will not be able to participate in the Sui token ICO. Please refer to the list of restricted countries provided in the announcement to confirm if you are eligible to participate.
Step 4: Fund your Binance account with BNB or TUSD
To participate in the Sui token ICO, you will need to stake your BNB or TUSD into the respective pools. Therefore, you will need to have sufficient BNB or TUSD in your Binance account.
Step 5: Access the Sui token ICO page on Binance Launchpool
The Sui token ICO page will be available on Binance Launchpool once the ICO starts. You can access it by visiting the Launchpool section of the Binance website or by clicking on the Launchpool tab in the Binance app.
Step 6: Stake your BNB or TUSD
Once you have accessed the Sui token ICO page on Binance Launchpool, you can stake your BNB or TUSD into the respective pools. There is no upper limit to the amount you can stake, but you will need to complete KYC verification.
Step 7: Farm SUI tokens
Once you have staked your BNB or TUSD, you will be able to farm SUI tokens over a two-day period, starting from 2023-05-01 00:00 (UTC). The total rewards for the Sui token ICO are 40,000,000 SUI, which represents 0.4% of the total token supply.
Step 8: Trade SUI tokens
After the farming period is over, Binance will list SUI once its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. You will be able to trade SUI tokens on Binance, and enjoy zero maker fees on the SUI/TUSD trading pair until further notice.