On May 3 at 15:00 (Kyiv / Moscow time), the developers of the first-level blockchain Sui Network successfully launched the mainnet.
🌊After Devnet, multiple Testnet waves, Frenemies, #CapyHolidaysBuilder Houses, and much more – what a monumental moment for the Sui community: Sui Mainnet has launched!💥
Let’s dive into what that means for all of you and why you should #BuildOnSui!
— Sui (@SuiNetwork) May 3, 2023
The team also introduced a new blockchain explorer for the main network – Sui Explorer.
Cryptocurrency exchange Binance has listed the native SUI token and started trading.
#Binance lists @SuiNetwork $SUI!
Trading for $SUI is now live ⬇️
— Binance (@binance) May 3, 2023
The asset started at $1.7, but dropped to $1.3 15 minutes later. At the time of writing, SUI is trading at $1.25.
The platforms OKX, Bybit and KuCoin also announced the placement of the coin.
On May 1, Binance added SUI support to the launchpad for BNB and TUSD holders. The initiative is designed to ensure the liquidity of tokens of new cryptocurrency projects.
According to the data Decrypt, users have already blocked more than $4 billion for SUI pharma. However, due to pool overcrowding, on average, one dollar invested is equivalent to 0.016 SUI.
In total, Binance will distribute 40M SUI, of which 80% will go to BNB stakeholders and the rest to TUSD holders.
Recall that in November 2022, the Mysten Labs startup team launched the first Wave 1 testnet. In March 2023, it implemented a “permanent” Sui Network test network, which will continue to work after the launch of the protocol.
According to the plans of the Sui Foundation, over 50% of the planned tokens will be directed to the development of the project after the launch of the mainnet.
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