Share this article
Sui Network to Issue Token Following Exchange Sale; Airdrop Hunters Dismayed
The SUI token will be issued after the mainnet launch on May 3 after a token sale on Bybit, OKX and Kucoin.
Updated May 9, 2023, 4:13 a.m. Published Apr 26, 2023, 11:18 a.m.
The highly anticipated release of the SUI token, the native token of layer1 blockchain Sui, will take place once the mainnet goes live on May 3 followingtoken sales on crypto exchanges Bybit, OKX and Kucoin.
Each exchange offered 225 million tokens with a maximum allocation of 10,000 per user. Tokens were sold for $0.10 each and U.S. residents were forbidden from taking part.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sui's blockchain was created by former Meta Platforms (META) employees using a programming language called Move, which is also the language behind the Aptos blockchain.
Developers behind Aptoswere also involved in Meta's failed attempt at issuing a stablecoin called diem. Unlike Sui, Aptos issued its token in the form of an airdrop to users that interacted with a variety of testnets.
Despite consistently telling its community that Sui had no plans to issue an airdrop, users expressed their disappointment on Twitter after token distribution plans were released.
One of the first projects that will go live on the Sui mainnet will be Suiswap, a decentralized exchange and liquidity staking protocol that acts in a similar way to Uniswap on Ethereum.
Sui Network developer Mysten Labs signed an agreement with Alibaba Cloud last month in a deal under which Alibaba Group (BABA) will offer its node services and cloud infrastructure to improve user experience for Sui blockchain validators.
Mysten labs also entered into an agreement with FTX's bankruptcy estate to buy back the failed exchange's equity and token warrants worth $96.3 million in cash after FTX Ventures led Mysten Labs' $300 million Series B raise last August.
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Ano ang dapat malaman:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
