Sui, the layer-1 blockchain founded by former Meta employees, has officially launched its mainnet along with its native token SUI. By the end of launch day, SUI’s market cap was around $750M with 24hr volume exceeding $1B, ranking among the top 100 cryptocurrencies. Last year, Sui garnered much interest following a successful $300M funding round that put its valuation at $2B.
Mysten Labs, the developer behind Sui, has set out on a mission to provide the tools for individuals and creators to have ownership over their data and content and to make Web3 secure, reliable, and primed for mass adoption. Sui, the proof-of-stake blockchain using the Move programming language, spearheads their mission.
What sets Sui apart from other blockchains is its ability to process transactions in parallel and scale horizontally, which keeps transaction costs low and addresses critical bottlenecks found in other blockchains. In addition, Sui uses the Rust-based programming language Move, which intends to make smart contract development easier along with improving scalability and transaction speed while enabling instant processing.
Where is SUI listed?
With ambitious goals, ample funding, and an experienced development team consisting of some ex-Meta employees, several exchanges announced a SUI token listing. Some exchanges include Binance, OKX, KuCoin, ByBit, and Gate.io. The latter offers up to $20,000 in prizes in a SUI trading event.
Gate.io, one of the world’s leading crypto exchanges, offers SUI traders up to $20,000 in cumulative shared prizes. Traders can win prizes by trading the SUI token, inviting new users, and for new users who register. There are three ways to win a prize; further details are outlined in the event announcement.
Get in early on token launches like SUI
SUI was a part of several initial launches on multiple crypto exchanges, which offered SUI at a discounted price before it hit the market. So traders who wanted to get in early may have missed the boat on this one. However, many other initial and non-initial launches and new listings happen almost daily on Gate.io Startup.
Gate.io Startup is one of crypto’s oldest and most popular token launchpads, where traders find high-quality projects and tokens offered at a discounted price. Startup enables traders to get in early on new projects before launching and listing on the markets. For example, several projects on Gate.io Startup reached a record-breaking peak ROI of +8000%. In addition, the platform also hosts free token airdrops and other exclusive offers almost weekly.
