Following the public token sales of SUI on cryptocurrency exchanges OKX, KuCoin, and ByBit, Binance announced today the listing of SUI on its Launchpool. Users can now stake their tokens to earn SUI rewards. Concurrently, Sui Network confirmed that its mainnet will officially launch on May 3 at 8:00 PM UTC.
Binance Launchpool Details for SUI
According to the official announcement, Binance has launched the 33rd edition of its Launchpool, featuring Sui (SUI). Starting May 1 at 8:00 AM UTC, users can stake BNB or TUSD in dedicated mining pools to earn SUI rewards over a 2-day period.
Key Highlights:
- Total Rewards: 40 million SUI (0.4% of total token supply).
Distribution:
- BNB Pool: 32,000,000 SUI (80%)
- TUSD Pool: 8,000,000 SUI (20%)
- Mining Period: May 1, 8:00 AM UTC – May 3, 7:59 AM UTC.
Once liquidity conditions are met, Binance will open trading pairs for SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB. Exact listing times will be announced later.
👉 Learn more about staking strategies
FAQs
1. How do I participate in SUI mining on Binance?
- Navigate to Binance Launchpad, stake BNB or TUSD in the respective pools, and accumulate rewards automatically.
2. What is the allocation ratio between BNB and TUSD pools?
- 80% of rewards are allocated to BNB stakers, 20% to TUSD stakers.
3. When will SUI trading go live?
- Trading pairs will launch after the mining period ends, subject to liquidity requirements.
4. Is there a minimum staking amount?
- Binance has not specified minimums; rewards are proportional to your staked amount.
5. How is SUI’s mainnet launch relevant to this event?
- The Binance Launchpool aligns with Sui Network’s mainnet debut, potentially boosting token utility and demand.
Key Takeaways
- SUI’s Binance listing amplifies its accessibility ahead of mainnet launch.
- Staking flexibility with BNB/TUSD caters to diverse investor preferences.
- Short mining window (48 hours) encourages early participation.
👉 Maximize your crypto rewards today
Disclaimer: This content is for informational purposes only. It does not constitute financial advice. Investors should conduct independent research before making decisions.
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