OKX Started The SUI IEO Subscription, OKB Loans Interest Rate Soared To 200%

OKX has started the SUI IEO subscription today, and the annual interest rate of OKB loans has risen to over 200%.

The number of public sales is 225,000,000, and the sales price of each SUI is $0.1. Individuals can subscribe to up to 10,000 SUIs, which need to be paid in OKB.

Originally, the exchange said that the SUI token sale event on OKX Jumpstart would take the shape of a token distribution lottery on April 23. OKB holders may use their OKB to purchase raffle tickets, and winning tickets will allow them to purchase SUI.

An extra appreciation sale will be held only for Sui ecosystem contributors. Users must be formally whitelisted by the Sui Foundation in order to participate in the Gratitude Sale.

Whitelisted users may buy up to 1,500 SUI from a total supply of 25,000,000 SUI for only $0.03, and the tokens will be completely unlocked when the mainnet becomes live. Then, during the OKX Jumpstart event, whitelisted users may utilize OKB to buy SUI. The token allocation lottery is still open to participants of this special event.

While the Sui Network is in its early phases, it has captured the attention of the wider cryptocurrency sector. This is due to the protocol’s novel approach to decentralized finance (DeFi), which has piqued the interest of the community in the SUI token. Mysten Labs, created by former executives of Meta’s Novi Research, is backing the Sui Network. The project has announced that its mainnet will go live on May 3.

At the time of the announcements made by the exchange, the excitement of the Sui Network community helped OKB, the native token of the OKX exchange, reach a high close to its ATH in February. However, at the time of writing, OKB is trading at $47.65.

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