Binance Launches Sui (SUI) on Launchpool
Binance, the world’s largest cryptocurrency exchange by trading volume, announced that Sui (SUI) had become the 33rd project on Launchpool. It will allow users to stake their BNB and TUSD in order to farm SUI tokens over the course of two days. The farming process will start on May 1. It is expected to continue until the liquidity of the cryptocurrency reaches the required level.
Introducing Sui $SUI on #Binance Launchpool!
Farm $SUI by staking #BNB and $TUSD.
➡️ https://t.co/kJFA84oiCZ pic.twitter.com/uobeCtNt9S
— Binance (@binance) April 30, 2023
Sui Blockchain Launches with 40 Million Token Rewards
Sui is a DPoS layer 1 blockchain built on the move programming language. Its total supply of tokens is 10 billion SUI, with 40 million (0.4%) of the total number of tokens available as Launchpool Token Rewards. The initial circulating supply of SUI is 528,273,717 tokens, which represents 5.28 percent of the total supply.
Binance has announced that it will launch the following trading pairs for SUI: SUI/USDT, SUI/TUSD, SUI/BTC, and SUI/BNB. The SUI/TUSD trading pair will provide users with the benefit of having $0 maker costs till further notice.
Binance Launchpool allows users to farm new cryptocurrency tokens by staking BNB or TUSD tokens for a certain period of time. Users can earn a portion of the newly launched cryptocurrency as a reward for their participation in the Launchpool program.
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Sui has recently gained attention from other cryptocurrency exchanges such as OKX, KuCoin, and Bybit. They have all begun the process of selling SUI to the general public. Binance’s inclusion of SUI on Launchpool provides further validation for the project. It highlights its potential as a promising investment opportunity.
Binance Supports Innovation and Growth in Crypto with Launchpool
The announcement of Sui’s inclusion on Launchpool is part of Binance’s ongoing efforts to expand its offerings and provide users with access to a wide range of new and promising cryptocurrency projects. Binance is helping users to foster innovation and growth in the cryptocurrency space.
As of the time of writing, the SUI trading pairs have not yet been listed on Binance. However, users can expect trading to begin once the liquidity of the cryptocurrency reaches the required level. Binance will announce the specific date and time for the listing once more information becomes available.
Binance’s announcement of Sui’s inclusion in Launchpool is a promising development for the project. It highlights its potential as a new and exciting investment opportunity. As the cryptocurrency space continues to grow and evolve, Binance is committed to providing users with access to the latest and most promising projects through its Launchpool program.
