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Sui Network to Issue Token Following Exchange Sale

The native token of layer1 blockchain Sui, SUI, will be released once the mainnet goes live on May 3, following token sales on crypto exchanges Bybit, OKX, and Kucoin. Each exchange offered 225 million tokens with a maximum allocation of 10,000 per user, sold for $0.10 each. Sui's blockchain was created by former Meta employees using a programming language called Move, and the first project on the Sui mainnet will be Suiswap, a decentralized exchange and liquidity staking protocol. Sui Network developers, Mysten Labs, signed a deal with Alibaba Cloud to offer its node services and cloud infrastructure to improve user experience.

(By Oliver Knight)

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