Introduction

The 33rd project in the Binance Launchpool, Sui (SUI), a DPoS layer 1 blockchain built on the move programming language, has been announced by Binance with excitement.

The website should be accessible four hours before the Launchpool begins.

Users will be able to farm SUI tokens over the course of two days commencing on 2023-05-01 00:00 (UTC) by staking their BNB and TUSD into different pools.

When Binance's liquidity satisfies the criteria, SUI will be listed, and trading in the BTC, USDT, TUSD, and BNB trading pairs will begin. When they become known, the precise date and time will be disclosed.

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. 

Important information about SUI

  • To determine user awards, which are updated hourly, snapshots of user balances and total pool balances will be taken every hour.

  • Users will be able to accrue points, which will be computed every hour, and collect these prizes at any moment straight to their spot accounts.

  • Each pool's overall pool balance and annual percentage yield (APY) will be updated in real-time. Only one pool can have tokens staked at once.

  • For instance, User A can assign 50% of their BNB to Pool A and 50% to Pool B, but cannot stake the same BNB into both pools simultaneously.

  • Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.

  • Tokens are 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.