According to official announcements, the Sui blockchain project has confirmed its mainnet launch date as May 3. The native SUI token, initially offered through cryptocurrency exchanges, will be unlocked during the mainnet activation.
Token Sale Details
The Sui team has repeatedly emphasized that SUI tokens will not be airdropped. Instead, they confirmed an Initial Exchange Offering (IEO) model for distribution starting April 15. Participating platforms include:
👉 OKX Jumpstart
👉 KuCoin Spotlight
👉 ByBit ByStarter
The public sale base price is $0.10 per SUI**, while eligible contributors from the **[Sui Foundation's Recognition Sale](https://verifysupporters.sui.io/)** can purchase tokens at a discounted rate of **$0.03.
Whitelist Allocation Update
- Application Closure: Recognition Sale submissions are now closed.
- Eligible Accounts: 180,000 qualified applications (from 340,000 initial accounts after removing duplicates/bots).
- Whitelist Spots: 96,000 randomly selected users will be notified starting April 20.
About Sui Blockchain
Sui is a high-performance Layer 1 blockchain using:
- PoS consensus
- Move programming language (developed by Meta’s former Facebook team)
- Developed by Mysten Labs, sharing technical roots with Aptos
SUI Tokenomics
- Fixed Supply: 100 billion tokens
- Initial Release: Partial supply at mainnet launch
- Future Distribution: Staking rewards over subsequent years
Use Cases:
✅ Network staking
✅ Transaction & storage fees
✅ Governance voting
✅ Native asset trading
FAQs
Q: When will SUI tokens be tradeable?
A: Tokens unlock at mainnet launch (May 3), with trading availability depending on exchange policies.
Q: How can I check my whitelist status?
A: Selected users will receive email notifications from April 20 onward.
Q: What’s the difference between public sale and Recognition Sale prices?
A: Public sale: $0.10/SUI | Recognition Sale: $0.03/SUI (whitelist-only).
Q: Is Sui’s Move language similar to Aptos’?
A: Yes, both use Meta’s Move, but implement distinct blockchain architectures.
Disclaimer: This content provides market information only. It is not investment advice. Investors should conduct independent research and transactions. No liability is assumed for direct/indirect losses.