Binance today announces the launch of its 33rd launchpool project, Sui (SUI). Sui is basically a DPoS layer 1 blockchain based on the move programming language.
Binance users can now stake their BNB and TUSD into separate pools to farm SUI tokens over 2 days. As per the official blog post farming is expected to start from 2023-05-01 00:00 (UTC). After that Binance will list the SUI on its platform post meeting the liquidity criteria.
Binance will open trading for Sui in the SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs. The date and timing for Sui listing on Binance are not yet declared. Binance is also offering zero maker fees on the SUI/TUSD trading pair.
The total supply of SUI tokens is 10,000,000,000 SUI and the launchpool token reward is 40,000,000 (0.4% of the total token supply). The initial circulating supply of SUI will be 528,273,717 (5.28% of the total token supply).
Here are the details regarding the SUI farming distribution over the 2 days.
|Dates (00:00:00 – 23:59:59 UTC each day)||Total Daily Rewards (SUI)||BNB Pool Daily Rewards (SUI)||TUSD Pool Daily Rewards (SUI)|
|2023-05-01 – 2023-05-02||20,000,000.00||16,000,000.00||4,000,000.00|
As per the official blog post, snapshots of user balances and total pool balances will be taken each hour to calculate user rewards.
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