SUI blockchain is one of the most popular Layer 1 projects of the last 2 years. The project raised $300M in the early stages. Some people criticize the project for being a VC chain like Solana or Aptos but there is no serious concern with the exposure to the VCs in the eyes of crypto investors.
The project will start its token sale on Kucoin and OKX if you have not earned pre-sale privilege on Discord or other SUI criteria. Though I'm not one of these lucky ones, I have no concerns with that as the token sale is as important as pre-sale for me.
The Details and Projection
Kucoin accepts your BTC, USDC, USDT and ETH holdings whereas OKX requires OKB tokens for the distribution of tickets.
The token sale will be on $0.1 on both exchanges.
There will be 12 months of token distribution. The first allocation will be 7.7% of the total receivable tokens.
So, if the price starts with 13x, you will be able to take your money back from the first moment.
0.1 x 13 = $1.3 as the break-even price for the first day.
24th of each month will be the time for investors/traders to increase the volume on the chain. I have not decided what to do if I can get 100 SUI per ticket as planned.
What to do for Tickets?
On OKX exchange, you need to have as many OKB tokens as possible.
I bough 4.16 OKB and this will bring 16 tickets for 3 more days. (1 ticket per 0.25 OKB)
Last 3 days and 4 hours for the ticket distribution phase.
On Kucoin Exchange, you do not have to hold KCS exchange token for that. You can hold stablecoin, BTC or ETH, as well.
Go and Subscribe the event after KYC.
Sing Up Kucoin for 1 free ticket if you are a new customer.
The snapshot involves the daily average USDT-denominated net assets of all accounts including Main Account, Trading Account, Margin Account, Futures Account, Trading Bot Account, Financial Account, and Wealth Account.
Kucoin focuses on your crypto holdings on the exchange during the distribution phase. Thus, It might be better to have as more money as possible.
This is the daily distribution plan according to your assets.
Do your best to get tickets while it is possible.
April 24th is the day of token distribution. We will see a massive listing hype on the project. People assume that Binance will list SUI after 12 months of token distribution. However, if the liquidity is high, Binance may not want to lose this potential fee earnings.
Thrilling to think of these days. I hope you also get SUI distribution for your tickets guys.
Hive On ✌🏼