Binance Launches Sui Network on Launchpool

Binance has added Sui Network to its Launchpool as its 33rd project. Starting from May 1, 2023, Binance users will be able to stake their BNB and TUSD tokens to farm SUI over a two-day period ending at 23:59 UTC, May 2, with hourly balance snapshots taken.

With a total token supply of 10,000,000,000 SUI, the SUI Launchpool will distribute 40,000,000 SUI tokens as rewards (0.4% of total supply). Staking pools for BNB and TUSD offer rewards of 32,000,000 and 8,000,000 SUI, respectively. 

Users are required to complete KYC, and BNB staked into the Launchpool. The launchpool grants standard BNB benefits, including airdrops, Launchpad eligibility, and VIP perks. Further BNB-staked users will also receive daily SUI rewards.

Upon meeting the liquidity requirements, Binance will list SUI and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. According to Binance, the exact timing and date will be announced once it has been determined. 

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What is Sui Network:

Sui is a layer-1 chain with low latency and high throughput. Sui's instant transaction finality makes it an excellent choice for on-chain use cases such as DeFi and GameFi. Rust, a programming language focused on fast and secure transaction execution, is used to create the blockchain. Solana, another high-speed blockchain, also uses Rust as its programming language.

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Learn more about Sui Network:

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