Dear OKX Users,
OKX Jumpstart will launch the Sui (SUI) token sale on April 23, 2023 (UTC+8). This edition introduces a lottery-based subscription model for the first time, alongside exclusive benefits for Sui ecosystem contributors. Below are the participation details:
👉 Discover how to maximize your gains in crypto token sales
Key Sale Details
- Total Public Sale Supply: 225,000,000 SUI
- Token Price: 1 SUI = $0.1
- Individual Cap: 10,000 SUI
- Payment Currency: OKB
- Exchange Rate: Determined by the average OKB price from April 16–20, 2023, at 00:00 (UTC+8) daily.
Exclusive Whitelist Sale: Sui ecosystem contributors can purchase up to 1,500 SUI at $0.03 after whitelist verification by Sui Foundation. A total of 25,000,000 SUI is allocated for this, with no lock-up period.
Lottery Rules
- Subscription Period: April 23, 10:00 – April 24, 10:00 (UTC+8).
- Allocation: 1 OKB = 4 lottery tickets (1 ticket = 100 SUI).
- Draw Mechanism: Random selection post-subscription; results published on the event page.
- Max Winning Tickets: 100 per user (10,000 SUI).
- Vesting: Unlock 1/13 tokens at Sui mainnet launch, followed by monthly unlocks over 12 months.
Participation Requirements
- Complete Level 2 KYC verification.
- Use OKX main account via the mobile app (web excluded).
- Geographic restrictions apply (e.g., US citizens ineligible).
👉 Learn how to prepare for token sales with OKB
Step-by-Step Guide
OKB Holding Calculation:
- Average OKB balance (across funding, trading, finance accounts) over 3 days before subscription.
- Example: 5.7 OKB average = 20 tickets (5 × 4).
Token Subscription:
- Enter desired ticket quantity during the认购 window and pay with OKB.
Results & Distribution:
- Unused OKB refunded post-lottery; tokens released per vesting schedule.
Example Scenario
| User | Avg OKB | Max Tickets | OKB Paid | Potential SUI Won |
|---|---|---|---|---|
| A | 5 | 20 | 5 | 0–10,000 |
| B | 50 | 200 | 50 | 3,600 |
Project Overview
Sui Network is a next-gen Layer 1 blockchain designed for scalable, low-cost dApps.
FAQs
Q: Can I participate without OKB holdings?
A: No. OKB is required for ticket allocation.
Q: How is the whitelist verified?
A: Through Sui Foundation’s approval process.
Q: When do unlocked tokens become tradable?
A: Immediately upon release to your funding account.
Disclaimer
Cryptocurrencies are volatile; invest responsibly after thorough research.
OKX Team
April 15, 2023
### Notes:
- Removed promotional links except OKX anchor texts.