April 14, 23:00 - May 3, 06:00

How to Participate in Sui IEO


Project Introduction & Tokenomics

Sui is a Layer 1 smart contract platform that claims to offer unprecedented low-latency for simple use cases by forgoing consensus to instead use simpler and lower-latency primitives. Sui is written in Rust and supports smart contracts written in the Move programming language to define assets that may have an owner.

Sui development team Mysten Labs' investors include a16z, Coinbase Ventures, Binance Labs, Circle Ventures, Jump Crypto, and others.

SUI is Sui's native token, which can be used for staking, paying gas fees, and as a liquidity asset. $SUI holders can participate in governance and vote on-chain on issues such as protocol upgrades.

The total supply of SUI is capped at 10,000,000,000. A share of SUI’s total supply will be liquid at Mainnet launch, with the remaining tokens vesting over the coming years or distributed as future stake reward subsidies. The token allocation of $SUI is as follows.

  • 50.00% Community Reserve
  • 20.00% Early Contributors
  • 14.00% Investors
  • 10.00% Mysten Labs Treasury
  • 6.00% Community Access Program and App Testers

IEO Details


KuCoin launched the 25th Spotlight Token Sale with Sui (SUI) at 23:00 on April 14, 2023 (UTC). There will be 2 ways to participate in the SUI token sale: Hold & Gain Lottery Tickets for General Public Sale Participation and Ecosystem Contributor Allowlist-Only Public Sale Participation.

Token Sale Timeline

  • Subscription Period
    • Pool A: 00:00 on April 15, 2023 to 16:00 on April 22, 2023 (UTC) (During this period, users' holdings will be calculated in hourly snapshots for each day.)
    • Pool B: 01:30 on April 20, 2023 to 16:00 on April 22, 2023 (UTC)
  • Ticket Calculation: 16:00 on April 22, 2023 to 12:00 on April 23, 2023 (UTC)
  • Lottery Ticket Announcement: 13:00 on April 23, 2023 (UTC)
  • Lottery Ticket Draw Result: 04:00 on April 24, 2023 (UTC)

Spotlight Token Sale Details (Pool A): KuCoin General Public Sale

  • Spotlight Hard Cap: 22,500,000 USD
  • Spotlight Allocation: 225,000,000 SUI
  • Total Winning Tickets: 22,500 Tickets
  • Maximum Winning Tickets per User: 1 Ticket
  • Total SUI for Each Winning Ticket: 10,000 SUI (1,000 USD)
  • Spotlight Token Sale Price: 1 SUI = 0.1 USD
  • Token Sale Format: Hold & Gain Lottery Tickets
  • Spotlight Token Distribution Plan: 1/13 will be unlocked on the Token Generation Event (TGE). After 30 days, an additional 1/13 shall be released monthly, such that all Spotlight allocations are released within twelve months from the TGE date.

How to Participate (Pool A)

From 00:00 on April 15, 2023 to 16:00 on April 22, 2023 (UTC), KuCoin will randomly take hourly snapshots of users' USDT, USDC, BTC, ETH, and KCS total balances. The hourly average USDT-denominated Net Asset Value (NAV) of USDT, USDC, BTC, ETH, and KCS will determine the final number of lottery tickets each user can receive. Winners will be chosen in a lottery draw after the subscription period.

To be eligible for participation, users are required to have a daily average USDT-denominated NAV of at least $50. The detailed rules are as follows:

Spotlight Token Sale Details (Pool B): Allowlisted Ecosystem Contributors Only

  • Spotlight Hard Cap: 750,000 USD
  • Spotlight Allocation: 25,000,000 SUI
  • Total Winning Tickets: 16,666 Tickets
  • Maximum Winning Tickets per User: 1 Ticket
  • Total SUI for Each Winning Ticket: 1,500 SUI (45 USD)
  • Spotlight Token Sale Price: 1 SUI = 0.03 USD
  • Token Sale Format: Allowlist provided by the Sui Foundation
  • Spotlight Token Distribution: 100% will be unlocked at mainnet launch

How to Participate (Pool B)

  • To participate in Spotlight Pool B, users must have been officially allowlisted by the Sui Foundation. The allowlisted users must be registered or newly registered on KuCoin using the same email address and names.
  • From 01:30 on April 20, 2023 to 16:00 on April 22, 2023 (UTC), all the allowlist users must complete all subscription processes (pass KYC2, not from restricted areas).

Please note:

  • Pool B subscription page will be online at 01:00 on April 20, 2023 (UTC);
  • Pool B allowlisted users cannot participate in Pool A;
  • If the number of registered allowlist users is less than 16,666, the remaining token allocations will be reallocated to Pool A.



BitForex launched sale of SUI on April 17, 2023 at 17:30 (UTC+8).

Token Sale Details

  • Token Sale Period: 2023-04-17 17:30:00 - 2023-04-24 17:30:00 (UTC+8)
  • Subscription Amount (on BitForex): 500,000 SUI
  • Subscription Settlement Unit: USDT
  • Subscription Price: 0.1 USDT = 1 SUI
  • Lock-up period: No
  • Maximum purchase limit: 100 USDT
  • Minimum purchase limit: 100 USDT
  • KYC Requirement: Yes
  • SUI listing time: TBA



Bybit will launch sale of SUI on ByStarter at 04:00 UTC on April 21, 2023. Whitelisted participants will have the opportunity to purchase SUI tokens in this recognition sale.

Token Sale Timeline

  • Subscription Period: 04-21 10:00 ~ 05-01 00:59 UTC
  • Allocation Period: 05-01 01:00 ~ 05-03 05:59 UTC
  • Results Announcement: 05-03 06:00 UTC

Token Sale Details

  • Supply: 94,000,000 SUI
  • Token Sale Price: 1 SUI = 0.03 USD
  • Purchase Limit (Per Pax): $10-45
  • Payment Currency: USDT, USDC
  • Token Distribution: 100% will be unlocked at mainnet launch

Rules for participation

  • Whitelisted users must complete Identity Verification Lv. 2 to be eligible for this SUI token sale (the “Token Sale”). Institutions and Market Makers are not eligible to participate.
  • Only white-listed users from non-restricted countries and regions are allowed to participate in the Token Sale. Subaccounts and restricted accounts are not eligible.



The SUI Token sale on OKX Jumpstart will take place on April 23 on OKX Jumpstart in the form of a token allocation lottery.

General Sale information

  • General sale Allocation: 225,000,000 SUI
  • SUI Token Sale price: 1 SUI = 0.1 USD
  • Maximum individual purchase quantity: 10,000 SUI
  • Payment Currency: OKB
  • Exchange rate: Determined by the price of OKB, which is calculated by taking daily snapshots of OKB's price at 16:00 UTC from April 15 to April 19.
  • An additional Recognition Sale will be available for Sui ecosystem contributors only. To participate in the Recognition Sale, users must have been officially allowlisted by the Sui Foundation. Allowlisted users can purchase up to 1,500 SUI from a pool of 25,000,000 SUI for the price of just 0.03 USD, and the tokens will be fully unlocked during the mainnet launch. Allowlisted users can then use OKB to purchase SUI during the event on OKX Jumpstart. Anyone who participates in this special event will still be able to participate in the token allocation lottery.


  • General sale Subscription period: 23 April 2023 02:00 UTC to 24 April 2023 02:00 UTC
  • Lottery tickets: The number of tickets you can subscribe depends on the average amount of OKB held for the 3 days before the subscription date (April 20-22). This is calculated by taking a daily snapshot of your holdings for these 3 days. For each OKB token held, you can get 4 tickets. Winning tickets contain 100 SUI and for each unsuccessful ticket you purchase, your OKB will be refunded.
  • Calculation of winning tickets: After the subscription period is over, internal systems will randomly determine which tickets are successful and unsuccessful. Winning tickets and refunded OKB will be distributed on the same day. For specific winning results, please refer to the details on the event page.
  • Winning ticket quota: The number of winning tickets each user can receive is hard capped at 100 (10,000 SUI)
  • SUI token distribution: The awarded SUI tokens will be distributed over a 12-month period. After confirming the number of winning tickets, users will unlock 1/13 of their tokens on the same day, and an additional 1/13 can be unlocked on the same day each month. Unlocked SUI tokens will be automatically released into users' Funding accounts.

Rules for participation

  • Users must complete KYC2 verification to be eligible.
  • Participants must use their main OKX account — sub-accounts are forbidden.
  • Users can only participate in the lottery through the OKX app.
  • Certain countries and regions are unable to participate in this activity. See Notes for details


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