Understanding Sui’s Recognition Sale: A Comprehensive Guide
On April 20th, according to an official announcement, Sui has stopped receiving Recognition Sale applications. Recognition Sale will be open to community members who joined Discord
On April 20th, according to an official announcement, Sui has stopped receiving Recognition Sale applications. Recognition Sale will be open to community members who joined Discord before February 1st, with a theoretical number of qualified members just exceeding 340000 accounts. At present, the total number of final submissions for Recognition Sale is 180000, and the Sui Foundation has developed a random selection algorithm for this purpose. It is expected that 96000 winning accounts will be randomly selected from the accounts of 180000 submitters. Users in regions with unclear regulatory regulations may need to perform other participation steps. The Sui Foundation will start contacting whitelist users via email on April 20, 2023, and activate the whitelist on the trading platform on April 21.
Sui: It is expected to randomly allocate 96000 whitelist qualifications to 180000 accounts
For many, investing in cryptocurrencies has become a popular way to earn passive income. However, amidst the growth of various cryptocurrencies, it can be challenging to select the best one to invest in. One such cryptocurrency that has been making waves in the market is Sui. With its Recognition Sale, Sui has caught the attention of many investors. In this article, we will delve deeper into Sui’s Recognition Sale and explain everything you need to know.
What is Sui’s Recognition Sale?
On April 20th, Sui made an official announcement that it would stop accepting applications for its Recognition Sale. The Recognition Sale is a unique way for community members to invest in Sui, allowing them to earn passive income. Only community members who joined Sui’s Discord before February 1st are eligible to participate in the Recognition Sale, and there are approximately 340,000 qualified members.
How Does the Recognition Sale Work?
To participate in the Recognition Sale, community members had to submit an application. The total number of submissions received by Sui for the Recognition Sale currently stands at 180,000. If you are one of them, there is still a chance for you to participate. The Sui Foundation has developed a random selection algorithm that will select 96,000 accounts from the 180,000 submissions.
It is essential to note that users from regions with unclear regulatory regulations may need to take specific actions to participate in the Recognition Sale. Moreover, Sui will get in touch with chosen whitelist users via email on April 20, 2023, activating the whitelist on the trading platform the following day, April 21.
What are the Benefits of Sui’s Recognition Sale?
There are several benefits to investing in Sui through the Recognition Sale. Firstly, it allows community members who have been a part of the Sui Discord community since its early days to support the project’s growth. Secondly, unlike other cryptocurrencies, Sui’s Recognition Sale offers community members exclusive staking and yield farming options, increasing their returns.
How do I Participate in Sui’s Recognition Sale?
Unfortunately, since the Recognition Sale is now closed, you cannot participate at the moment. However, it is expected that Sui will release information about other investment opportunities in the future. To stay informed, make sure you stay up-to-date with Sui’s Discord channel and follow their social media handles.
Conclusion
Investing in cryptocurrencies might seem daunting, but with the right information, it can be an excellent way to earn passive income. Sui’s Recognition Sale is an innovative way for community members to invest and earn through exclusive staking and yield farming. While the Recognition Sale is now closed, Sui is expected to host other investment opportunities in the future.
FAQs
1. What is Sui’s Recognition Sale?
Sui’s Recognition Sale is a unique way for community members to invest in the platform and earn passive income through exclusive staking and yield farming opportunities.
2. How does the Selection Process for the Recognition Sale work?
The Sui Foundation has developed a random selection algorithm that will select approximately 96,000 accounts from the 180,000 submissions.
3. Can I still participate in the Recognition Sale?
Since the Recognition Sale is now closed, you cannot participate at the moment. However, Sui is expected to release information about other investment opportunities in the future.
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