Dear OKX Users,
The SUI token sale event on OKX Jumpstart will commence on April 23 via a lottery-based token allocation mechanism. OKB holders can use their OKB to purchase lottery tickets, with winning tickets granting the opportunity to buy SUI tokens. An additional exclusive "Appreciation Sale" will be available for contributors to the Sui ecosystem. Key details are outlined below:
1. Event Overview
Token Sale Basics
- Total Allocation: 225,000,000 SUI
- Token Price: 1 SUI = $0.10
- Max Purchase per User: 10,000 SUI
- Payment Currency: OKB
- Exchange Rate: Determined by the daily OKB snapshot price at 11:00 PM (UTC+7) from April 15–19.
Appreciation Sale (Exclusive)
- Eligibility: Users must be whitelisted by the Sui Foundation.
- Allocation: 25,000,000 SUI (max 1,500 SUI per user at $0.03 per token).
- Lockup: Tokens unlock fully at mainnet launch.
- Participation: Whitelisted users can also join the main lottery event.
👉 Learn more about Sui Network
2. Event Details
Timeline
- Registration: 9:00 AM, April 23 – 9:00 AM, April 24 (UTC+7).
Lottery Mechanics
Tickets: Based on average OKB holdings (snapshots taken April 20–22).
- 1 OKB = 4 tickets (max 8,000 tickets per user).
- Winning Tickets: Each grants 100 SUI. Unused OKB is refunded.
- Distribution: Rewards are vested over 12 months (1/13 unlocked monthly).
Example Scenario
| User | OKB Held | Max Tickets | OKB Spent | SUI Won |
|---|---|---|---|---|
| A | 5 | 20 | 5 | 0 |
| B | 50 | 200 | 50 | 3,600 |
| D | 2,000 | 8,000 | 1,000 | 10,000 |
3. Participation Rules
- KYC Verification: Must complete KYC2.
- Account: Only primary OKX accounts eligible (no sub-accounts).
- Platform: Participation via OKX app only.
- Restrictions: Excludes users from prohibited jurisdictions (e.g., U.S., Cuba, Iran).
4. How to Join
- Maximize OKB Holdings (April 20–22).
- Register Lottery via OKX app (use OKB to purchase tickets).
- Claim Rewards: Winning tickets and SUI distributions occur same-day.
5. Project Introduction: Sui Network
- Type: Layer 1 blockchain designed for mass adoption.
- Key Features: Horizontal scalability, instant settlement, low-cost transactions.
Token Info:
- Symbol: SUI
- Total Supply: 10,000,000,000
- Mainnet Launch: Tokens unlock at launch.
👉 Explore Sui’s official resources
6. Important Notes
- OKB Calculation: Includes Funding, Trading, and Earn accounts (excludes collateralized loans).
- Compliance: Users from restricted regions barred; fraudulent activity voids participation.
- OKX’s Authority: Reserves right to modify event terms.
Risk Warning: Digital asset trading involves high risk. Assess your risk tolerance before participating.
FAQ Section
Q1: Can non-whitelisted users join the Appreciation Sale?
A1: No. Only Sui Foundation-whitelisted contributors qualify.
Q2: How is the OKB exchange rate determined?
A2: Based on daily snapshots (April 15–19) at 11:00 PM UTC+7.
Q3: Are there lockup periods for SUI tokens?
A3: Tokens vest over 12 months (1/13 unlocked monthly).
Q4: What happens to unused OKB?
A4: Refunded to your Funding account post-lottery.
Q5: Is KYC mandatory?
A5: Yes. KYC2 verification is required to participate.
For further details, visit OKX Jumpstart or Sui’s official channels.
OKX Team
April 15, 2023