Cryptocurrency exchanges KuCoin, OKX and Bybit announced the listing of SUI — the native token of the Sui Network protocol.
?The 25th #KuCoinSpotlight Token Sale with @SuiNetwork is here! With 2 new participation ways!
⏰Hold & Gain Lottery Tickets: 00:00 on Apr 15 (UTC)
?10,000 $SUI, 22,500 tickets⏰Ecosystem Contributor Allowlist: 01:00 on Apr 18 (UTC)
?1,500 $SUI, 16,666 ticketsJoin now!⬇️
— KUCOIN (@kucoincom) April 14, 2023
On April 22, KuCoin will run a token sale using a subscription mechanism. Ecosystem participants from a separate list will be able to purchase up to 1,500 SUI. Among them, 16,666 tickets will be drawn.
Users can apply to purchase up to 10,000 SUI at a price of 0.1 USDT using lottery tickets. Among the latter, 22,500 winners will be selected.
? Get ready for the Suinami ?
? Introducing the long-awaited #OKX Jumpstart — $SUI$SUI is the native token of @SuiNetwork, a Layer 1 blockchain developed by @Mysten_Labs for the next billion users ?⛓️
?️ Get involved with your $OKB on Apr 20 (UTC) ⤵️
— OKX (@okx) April 14, 2023
OKX will open SUI trading on April 20. The exchange plans to sell 225 million SUI at $0.10 per coin. There will be 2.25 million tickets in total — each allows the purchase of up to 100 SUI. A single user cannot win more than 100 tickets.
? #Bybit x Sui: We are launching the $SUI token sale on ByStarter for early contributors of @SuiNetwork!
A 100,000 $USDT Prize Pool awaits every Bybit user!
?? More details here: https://t.co/LOQPP00uSw #TheCryptoArk #ByStarter pic.twitter.com/pX2zxvOLl2
— Bybit (@Bybit_Official) April 14, 2023
Bybit, via a lottery, will allocate to participants in the Sui Network ecosystem the right to purchase SUI at $0.03 for sums from $10 to $45.
In December 2022, the Sui Foundation revealed details of the native token distribution after the mainnet launch. More than 50% of the issuance will be allocated to developing the project.
In April 2023, cofounder and product director of Mysten Labs Adeni Abiodun denied rumors of an SUI airdrop.
At the end of March, the team launched a “permanent testnet” for Sui Network, which will continue to run after the mainnet release. The mainnet launch is planned for the second quarter of this year.