OKX Jumpstart Launches SUI Coins: How to Participate and Contribute

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

OKX Jumpstart, the leading crypto exchange platform, has announced its latest offering to its patrons: SUI coins. The official news of OKX declares that the sales of SUI coins will begin on April 23, 2023 (UTC+8), using the new “subscription+lottery” method. The sales will have a fixed price of 0.1 US dollars and can be paid through OKB, the official currency of OKX. In this article, we will delve deeper into the details and outline how you can participate in the activity and contribute to the Sui ecosystem.

Outline

1. Introduction
2. What are SUI coins?
3. The new “subscription+lottery” method
4. Sales price and payment currency
5. The process: position statistics, new currency subscription, lottery, and distribution
6. Participation through the OKX App
7. Additional whitelist sales for contributors
8. How to complete KYC2 verification and other conditions
9. Conclusion
10. FAQs

What are SUI coins?

SUI coins are a recent addition and an innovative cryptocurrency to the market. They are part of the Sui ecosystem where they are used to power decentralized applications on the network. The SUI coin is based on the Ethereum blockchain and conforms to the ERC-20 standard. It is a utility token and is used as a means of exchange for services and operations that are supported by the Sui ecosystem.

The new “subscription+lottery” method

OKX has introduced a new method for selling SUI coins called the “subscription+lottery” method. It is a combination of traditional subscriptions with a lottery system. This will give users a fair chance of obtaining the currency without the need for unnecessary competition or speculation. The method allows users to subscribe to a pre-determined amount of SUI coins, and then a randomized lottery will determine who will buy the coins.

Sales price and payment currency

The pricing of SUI coins is set at 0.1 US dollars. The payment currency is OKB, which is the official currency of OKX. The pricing is determined by the demand for SUI coins and is likely to change with time.

The process: position statistics, new currency subscription, lottery, and distribution

The sales process of SUI coins involves four stages. The first is the position statistics stage, where users subscribed to OKX Jumpstart are given a position score based on their holding of OKB tokens. The second stage is the new currency subscription, where users can subscribe to obtain a specific amount of SUI. The third stage is the lottery, where users are selected based on the subscription amount and position score to buy the SUI coin. The fourth stage is the distribution, where the SUI coins are distributed to the successful lottery winners.

Participation through the OKX App

Participation in the SUI coin sale is strictly through the OKX App. Users can download the app and create an account before the sales event. It is essential to note that only users who have completed KYC2 verification and meet other conditions can participate.

Additional whitelist sales for contributors

OKX has set aside additional whitelist sales for users who have contributed to the Sui ecosystem. This is an excellent opportunity for contributors to acquire SUI coins at a discounted rate, and the whitelist sales are only open to contributors. However, users must complete the whitelist verification of the Sui Foundation to participate.

How to complete KYC2 verification and other conditions

The OKX App requires users who want to participate in the SUI coin sale to complete KYC2 verification. This verification process requires users to provide relevant identification documents and to complete additional security procedures. Besides KYC2 verification, users must also have completed other relevant conditions before the sales. These conditions include holding OKB tokens, having a specific trading volume, and having an active account on OKX.

Conclusion

In conclusion, the launch of SUI coins by OKX Jumpstart is an exciting opportunity for crypto traders and users. The four-stage sales process ensures fairness and prevents unnecessary market speculation. By following the outlined procedures and conditions, anyone can acquire SUI coins in the sale. The launch of SUI coins will also provide a boost to the Sui ecosystem by increasing the utility value of the SUI coin.

FAQs

1. What is the price of SUI coins?
SUI coins are priced at 0.1 US dollars during the sales event.

2. What is the payment currency for SUI coins?
The payment currency is OKB, the official currency of OKX.

3. How do I participate in the sale of SUI coins?
Participation in the sale of SUI coins is through the OKX App, and users must complete KYC2 verification and meet other conditions.