Dear Binanciens, Dear Binanciens,
Binance is pleased to announce the 33rd project on Binance Launchpool, titled Sui (SUI), a layer 1 DPoS blockchain based on the Move programming language. The web page should be available in four hours, before Launchpool begins.
Users will be able to stake their BNB and TUSD to separate pools to farm SUI tokens for 2 days, starting on 01/05/2023 at 00:00 (UTC).
Binance will then list SUI when its liquidity meets the requirements and open trading for the SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. The exact date and time will be announced as soon as they become available.
Users will not have any maker fees for 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 (04% of total token supply)
Initial circulating supply: 528,273,717 (5.28% of total token supply)
Smart contract address: Sui (SUI)
Staking conditions: no ceiling. KYC required
Pools offered:
Stake BNB (webpage will be available in approximately four hours): 32,000,000 SUI in rewards (80%)
Stake TUSD (webpage will be available in approximately four hours): 8,000,000 SUI rewards (20%)
Farming period: from 01/05/2023 at 00:00 (UTC) to 02/05/2023 at 23:59 (UTC).
Distribution du farming SUI
You can find more information about Sui (SUI) in our research report here.
Remarks :
Snapshots of user balances and overall pool balances will be recorded hourly to calculate user rewards, which will also be updated hourly.
Users will be able to accumulate their rewards (calculated once per hour) and withdraw them to their Spot wallet at any time.
Each pool's annual percentage yield and total pool balance will be updated in real time.
Tokens can only be assigned to one pool at a time. For example, user A cannot simultaneously place the same BNB in two different pools, but can allocate 50% of his BNB holdings to pool A and 50% to pool B.
Users will be able to release their funds at any time, without delay, and immediately participate in other available pools.
Tokens staked in each pool as well as unclaimed rewards will be automatically transferred to users' Spot accounts at the end of each farming period.
Binance BNB Vault will support Launchpool in SUI. Users who have staked their BNB in BNB Vault will automatically participate in the SUI Launchpool and receive daily SUI rewards in their Spot wallets.
BNB placed in the Launchpool will continue to provide users with the regular benefits of holding BNB, such as airdrops, Launchpad eligibility, and VIP benefits.
Project links
Site Web : www.sui.io
Whitepaper : https://docs.sui.io/paper/sui.pdf
Twitter : https://twitter.com/SuiNetwork
Discord : https://discord.com/invite/sui
Blog : https://blog.sui.io/
Participation in Launchpool is subject to eligibility requirements based on the user's country or region of residence.
Please note that the list of excluded countries below is not exhaustive and may be subject to change due to changing local rules and regulations or other considerations.
Users must complete account verification and be from an eligible jurisdiction to participate in SUI farming.
Currently, users residing in the following countries or regions will not be able to participate in SUI farming: Belarus, Cuba, Crimea region, North Korea, United States of America and its territories (Samoa United States, Guam, Puerto Rico, the Northern Mariana Islands and the United States Virgin Islands), Iran, New Zealand, Democratic Republic of the Congo, South Sudan, Syria, Zimbabwe.
This list may be updated periodically to reflect changing legal, regulatory or other factors.
Thank you for your support !
The Binance team
30/04/2023
Binance reserves the right, in its sole discretion, to cancel this announcement at any time and for any reason without notice.
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