Users can farm SUI tokens by staking BNB and TUSD on Sui, which Binance adds as the 33rd project to Launchpool.
SUI Token Will be Launched by Binance as the 33rd Project on Launchpool
Users will be able to stake their TrueUSD (TUSD) and Binance Coin (BNB) into different pools starting on May 1, 2023, 0:00 (UTC) in order to harvest SUI tokens during a two-day period, according to the statement.
Which Pools are Supported?
Stake BNB and Stake TUSD are the supported pools. Stake BNB offers rewards of 32,000,000 SUI (80%), while Stake TUSD offers incentives worth 8,000,000 SUI (20%). Between May 1, 2023, at 0:00 UTC, and May 2, 2023, at 23:59 UTC, there will be farming.
About SUI Launchpool
Details of the SUI Launchpool include:
- 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.
The trading of SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs will begin after the farming phase as soon as Binance determines that SUI’s liquidity satisfies the necessary standards. Additionally, until further notice, users will not be charged any maker fees for trading the SUI/TUSD pair.
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