OKX Jumpstart has officially announced the upcoming sale of SUI tokens, marking a significant event for the blockchain community. Alongside this token sale, a dedicated Web3 wallet airdrop campaign has been launched, offering participants opportunities to engage with the Sui ecosystem.
Overview of the SUI Token Sale
The SUI token sale on OKX Jumpstart introduces a revised participation mechanism designed to broaden access while ensuring fairness. The process integrates subscription and lottery elements, allowing a wider range of users to potentially acquire tokens at the initial sale price.
Key Dates and Participation Requirements
The token sale is scheduled to commence on April 23, 2023 (UTC+8). To be eligible, participants must hold OKB tokens, use the OKX mobile application, and complete intermediate-level Know Your Customer (KYC) verification. These steps are mandatory for inclusion in the token distribution process.
Token Pricing and Distribution Mechanics
SUI tokens will be offered at a fixed price of $0.10 per token. The distribution will utilize a lottery system based on participants' OKB holdings during a specified snapshot period. This approach aims to reward long-term supporters of the ecosystem while managing high demand for the new asset.
Exclusive Whitelist Opportunity for Sui Contributors
A separate, exclusive whitelist sale is available for active contributors within the Sui ecosystem. Eligibility for this whitelist is determined by the Sui Foundation, which validates an applicant's contribution history. This special allocation acknowledges the early supporters and developers helping to build the Sui network.
OKX Web3 Wallet Integrates with Sui Network
In a significant technical development, the OKX Web3 wallet will support the Sui Network within 24 hours of its mainnet launch. This integration will enable users to manage their SUI and other native assets seamlessly through both the mobile app and browser extension versions of the wallet.
The Sui Airdrop Carnival Campaign
To celebrate the mainnet launch, OKX Web3 Wallet has partnered with Sui World to host an airdrop event on the Galxe platform. This campaign encourages users to familiarize themselves with the network before its official release.
How to Participate in the Airdrop
- Acquire a Sui testnet address.
- Complete the interactive tasks listed on the Galxe campaign page.
- Once the Sui mainnet is live, import that same address into your OKX Web3 wallet.
Participants who complete these steps become eligible to share a prize pool of 5,000 USDT worth of SUI tokens. This initiative is designed to incentivize hands-on learning and early adoption of the new blockchain. For a streamlined experience managing these new assets, you can explore the supported wallet options available.
Frequently Asked Questions
What is OKX Jumpstart?
OKX Jumpstart is a platform that provides users with early access to new digital assets and blockchain projects. It often uses a subscription or lottery model based on the holding of a platform's native token to distribute these new assets fairly to its user base.
How can I qualify for the SUI token sale?
To qualify, you need to hold OKB tokens in your OKX account, use the OKX mobile app, and have completed a KYC Level 2 verification. Your eligibility and potential allocation amount are typically determined by the quantity of OKB you hold during a pre-announced snapshot period.
What is the difference between the public sale and the whitelist sale?
The public sale is open to all eligible OKX users who meet the OKB holding and KYC requirements. The whitelist sale is exclusively for developers and contributors who have been previously vetted and approved by the Sui Foundation for their early support of the ecosystem.
Do I need to use the OKX Web3 Wallet for the token sale?
No, the token sale on Jumpstart occurs on the OKX exchange platform. However, the OKX Web3 Wallet is required to participate in the separate Galxe airdrop campaign and to natively manage SUI assets after the mainnet launch.
How does the Sui airdrop campaign work?
The airdrop campaign involves completing specific on-chain tasks on the Sui testnet. By connecting your testnet wallet to Galxe and finishing the missions, you become eligible for rewards in mainnet SUI tokens, which are claimed by importing your wallet into OKX's Web3 interface.
Is there a risk involved in participating in token sales?
Yes, investing in new cryptocurrency projects inherently carries risk. The value of new tokens can be highly volatile after listing. It is crucial to conduct thorough personal research (DYOR) and only commit funds you are prepared to lose, understanding that early-stage projects can be speculative.