The Sui Token sale is imminent, a brief analysis of valuation and IEO participation methods

Original Title: "Will Sui Rise at Least 10 Times Compared to Aptos? A Quick Guide on How to Participate in Token Sales?"

Original Source: PANews

Sui is the world's first permissionless Layer 1 blockchain designed entirely by former Facebook developers. As a decentralized PoS blockchain, Sui achieves horizontal scalability in throughput and storage.

Sui is often compared to Aptos, as both projects were founded by former Facebook employees. Previously, due to the failure of Facebook's blockchain project, team members left to start their own ventures, developing the Sui and Aptos blockchains with capital support. While Aptos is certainly commendable, Sui is viewed as a more advanced version.

This is where things get interesting. From the beginning, Aptos has received a very high valuation, with the company's current fully diluted valuation at $13 billion and a circulating market cap of $2.3 billion. Do you see the opportunity here?

Crypto Nova believes Sui looks better from a technical perspective.

Given that the market has assigned such a high valuation to Aptos, Sui will also have a very high valuation. The token will be sold at either $0.1 or $0.03, depending on user eligibility. Let's do some calculations:

The total supply of SUI is $10 billion. This means that investing at $0.1 actually corresponds to a fully diluted market cap of $1 billion. Aptos has a fully diluted market cap of $13 billion, so at a similar value, it is at least undervalued by 10 times. Purchasing at $0.03 means investing at a fully diluted market cap of $300 million.

The first round priced at $0.1 has a 12-month lock-up period and cannot be claimed all at once.

The second round priced at $0.03 will be fully unlocked from the first day of token issuance.

Token sales will launch on 3 exchanges:

kucoincomokxBybit_Official

Most requirements are the same. As an example, the token sale on kucoin will be primarily discussed.

(Note: The exchanges will adopt a subscription + lottery sales method, with the general sale token price at $0.1 and a maximum individual purchase quantity of 10,000 SUI. Only contributors to the Sui ecosystem can participate in the second round of sales. To participate in the second round, one must be a whitelisted user as listed by the Sui Foundation. Whitelisted users can purchase up to 1,500 SUI at $0.03, fully unlocked after the mainnet launch.)

The first round is priced at $0.1 with a 12-month lock-up eligibility.

Kucoin will tally users' net worth in the following assets during the period from April 15-22, 2023:

USDTUSDCBTCETHKCS

Based on the comprehensive value calculated in USDT, users will be eligible for the following number of lottery tickets:

There will be a snapshot every hour, giving people the opportunity to participate in the token sale. These requirements are very simple based on the level of trust in centralized exchanges. You may already hold these assets, so just transfer them to kucoin for a week.

Second round at $0.03 with full immediate unlock:

This round is only available to early contributors of Sui and must be whitelisted users of the Sui Foundation. You can click the link to check eligibility: https://verifysupporters.sui.io/

Sui has contacted whitelisted users via email, and users can participate in kucoin using the email address associated with their allocated account. Sui will work with kucoin to handle participation eligibility.

Based on the valuation comparison with Aptos, it can be said:

The first round has a 10x return, but with monthly unlocks over a year.

The second round has a 30x return, with 100% unlock on the first day.

Clearly, the second round offers higher and more desirable returns.

Conclusion

Like APT, SUI has generated a lot of hype and attention in the market. APT has been valued in the billions from the start, meaning that under such a high valuation, any investment has a high profit potential. But this is all based on today's speculation that SUI has a value similar to Aptos. Many people speculate there will be an airdrop, but the team has publicly denied this since last year.

"No airdrop!"

Most posts are purely overhyped, giving false hope. This article is simply Crypto Nova's objective view on SUI's market sale. It provides data and insights for those who are uninformed. This is also based on speculation and data from its competitor APT. The real market demand may still differ significantly. Everyone hopes for an airdrop, but can only act based on the current situation.