OKX Jumpstart to Sell SUI Coins via Subscription+Lottery Method
According to the official news of OKX, OKX Jumpstart will start selling SUI coins on April 23, 2023 (UTC+8). The activity will use the latest \”subscription+lottery\” method to sell
According to the official news of OKX, OKX Jumpstart will start selling SUI coins on April 23, 2023 (UTC+8). The activity will use the latest “subscription+lottery” method to sell SUI coins, with a sales price of 0.1 US dollars and payment currency of OKB. This process includes position statistics, new currency subscription, lottery and distribution. You can participate in the activity through the OKX APP and complete KYC2 verification and other conditions. At the same time, for contributors to the Sui ecosystem, additional whitelist sales will be launched. The whitelist sales are only open to contributors of the Sui ecosystem, and users need to complete the whitelist verification of the Sui Foundation.
OKX Jumpstart will start SUI sales on April 23, 2023
Introduction
OKX Jumpstart, the innovative token sale platform of OKX, has announced the sale of SUI coins via the latest “subscription+lottery” method, which is scheduled to start on April 23, 2023 (UTC+8). The sale price of the SUI coins will be 0.1 US dollars, and the payment currency will be OKB. The sale process will include position statistics, new currency subscription, lottery, and distribution. In this article, we will discuss SUI coins, the subscription+lottery method, and the sale details.
What are SUI Coins?
SUI coins are the native cryptocurrency of the Sui ecosystem, a blockchain-based protocol that aims to offer secure and decentralized file storage solutions. SUI coins have various use cases within the ecosystem, such as payment for storage services, staking, and community governance. The Sui ecosystem is designed to provide an efficient and affordable decentralized storage solution to individuals and businesses.
The Subscription+Lottery Method
The “subscription+lottery” method is an innovative way of conducting token sales that combines a subscription-based model with a lottery system. In this method, users subscribe to purchase tokens at a fixed price, and then a lottery is conducted to randomly select the participants who will receive the tokens. This method ensures that token sales are conducted in a fair and transparent manner and prevents whales from monopolizing the token supply.
The OKX Jumpstart SUI Coin Sale Details
The OKX Jumpstart SUI coin sale will include the following steps:
**Position statistics**: Before the sale starts, OKX will record the users’ OKB holdings to determine their subscription limits.
**New currency subscription**: Users will be able to subscribe to purchase SUI coins using their OKB balance. The subscription price will be 0.1 US dollars per coin, and the subscription period will be open for 3 hours.
**Lottery**: After the subscription period ends, a lottery will randomly select the participants who will receive their allocated SUI coins. The subscription limit and the number of SUI coins each user received will depend on their OKB holdings and the total number of subscriptions.
**Distribution**: The SUI coins will be distributed to the participants who won the lottery after the subscription period ends.
Whitelist Sales for Sui Ecosystem Contributors
In addition to the subscription+lottery sale, OKX Jumpstart will also conduct whitelist sales for contributors to the Sui ecosystem. The whitelist sales will be exclusive to contributors, and users will need to complete the whitelist verification process of the Sui Foundation to participate.
Conclusion
The OKX Jumpstart SUI coin sale is an exciting opportunity for users to participate in the Sui ecosystem and acquire SUI coins at a fair price. The subscription+lottery method is an innovative way of conducting token sales that ensures fairness and prevents token hoarding by a few individuals. Contributors to the Sui ecosystem will also have the opportunity to participate in the whitelist sales. To participate, users need to complete KYC2 verification and meet other conditions through the OKX app. Don’t miss this chance to be a part of the decentralized future!
FAQs
**1. What is the Sui ecosystem?**
The Sui ecosystem is a blockchain-based protocol that offers secure and decentralized file storage solutions.
**2. What are SUI coins used for?**
SUI coins have various use cases within the Sui ecosystem, such as payment for storage services, staking, and community governance.
**3. How can users participate in the OKX Jumpstart SUI coin sale?**
Users can participate in the sale by subscribing to purchase SUI coins using their OKB balance through the OKX app and completing KYC2 verification and other conditions. Additional whitelist sales are also available exclusively for Sui ecosystem contributors.
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