OKX will launch the SUI new coin sale on April 23

ChainCatcher news, OKX announced that the OKX Jumpstart will launch the sale of the new SUI token on April 23. This event will adopt a subscription lottery model for the first time, and an additional whitelist sale will be opened for contributors to the Sui ecosystem. The public sale quantity of SUI is 225,000,000 tokens, with a sale price of 0.1 USD per SUI. Individuals can subscribe for a maximum of 10,000 SUI, which must be paid for in OKB.

The general sale time is from April 23, 10:00 AM to April 24, 10:00 AM Beijing time. The subscription method is based on the average OKB holding over the 3 days prior to the subscription date (from April 20 to 22, 2023). For every 1 OKB held, users can subscribe for 4 lottery tickets, with each ticket containing 100 SUI. The more OKB held, the more tickets can be subscribed for, with a maximum of 100 tickets per user. After confirming the number of winning tickets, users can unlock the first batch of 1/13 of the new tokens after the SUI mainnet goes live, with the remaining being unlocked at the same time each month until all are unlocked within a year. The unlocked new tokens will be automatically released to the funding account.

The recognition sale (whitelist users) time is from April 23, 10:00 AM to May 1, 08:59 AM Beijing time. After completing the whitelist verification of the Sui Foundation, whitelist users will enjoy the benefit of purchasing up to 1,500 SUI at 0.03 USD each, sharing a total benefit pool of 25,000,000 SUI, with no lock-up period. Whitelist users can access the "whitelist exclusive" page during the event to purchase new tokens using OKB, with no holding requirements, and can also participate in the public sale simultaneously. (source link)