Partnered With:

Sui Token offering is imminent: A brief analysis of valuation and IEO participation

Read this article in 9 Minutes

Many had speculated that there would be a Sui airdrop, but the team had been publicly denying it since last year.

Title: "Aptos for Sui has increased by at least 10 times? How to participate in Token Sales?"

Original source: PANews

Sui 对标 Aptos 至少涨 10 倍？速览如何参与代币销售？

Sui is the world's first license-free Layer 1 blockchain designed entirely by former Facebook developers. As a decentralized PoS blockchain, Sui can achieve horizontal expansion of throughput and storage.

Sui is often compared to Aptos because both projects were started by former Facebook employees. Before that, due to the failure of the Facebook blockchain project, the team members left to start their own business. With capital support, they developed Sui and Aptos two blockchains. While Aptos is definitely commendable, Sui is seen as the premium version.

This is where things get interesting. From the start, Aptos was highly valued, with the company now valued at $13bn in full float and $2.3bn in float. See the opportunity here?

Crypto Nova thinks Sui looks better on the technical side.

Now that the market is valuing Aptos at such a high price, so will Sui. The Token will be sold for $0.1 or $0.03 depending on the user's qualifications. Do some calculations here:

SUI's total supply is $10bn. This means that when you invest at $0.1, you are investing at $1 billion of the full market value. Aptos has a full float market capitalisation of $13bn, so is undervalued by at least 10 times at a similar value. Buying at $0.03 means investing at $300 million.

The first round, priced at $0.10, comes with a 12-month unlock period and cannot be claimed all at once.

The second round of tokens, priced at $0.03, is fully unlocked from the first day the Token is issued.

Sui 对标 Aptos 至少涨 10 倍？速览如何参与代币销售？

Token sales will start on 3 exchanges:

kucoincomokxBybit_Official

Most of the requirements are the same. As an example, we will focus on Token sales on kucoin.

(Note: The exchange adopts the subscription + lottery sales method. The Token price for general sales is $0.1, and the maximum number of SUI purchased by an individual is 10,000. Only Sui ecosystem contributors are eligible for the second round of sales. To participate in the second round, you must be whitelisted by the Sui Foundation. Whitelisted users can buy up to 1,500 SUI for $0.03, fully unlocked after mainnet starts.)

Sui 对标 Aptos 至少涨 10 倍？速览如何参与代币销售？

The first round is $0.10 and 12 months of unlocked participation

Kucoin will calculate the net value of the following assets during April 15-22, 2023:

USDTUSDCBTCETHKCS

Based on the combined value calculated in USDT, users are eligible to receive the following number of lottery tickets:

Sui 对标 Aptos 至少涨 10 倍？速览如何参与代币销售？

There will be a snapshot every hour, giving people a chance to participate in Token sales. The requirements are simple enough, depending on how much trust you have in keeping your money on a central exchange. You may already hold these assets, so simply transfer them to kucoin for a week.

Second round $0.03 and Full Instant Unlock:

This round is only for early contributors to Sui and must be Sui Foundation whitelist users. Can click on the links to view the qualifications: https://verifysupporters.sui.io/

Sui has contacted whitelisted users via email, and users can participate in kucoin using the email address of the assigned account. Sui and kucoin will work together to process participation eligibility.

According to the valuation comparison with Aptos, we can say:

The first round has 10x revenue, but it is unlocked monthly for 1 year

Round 2 has a 30x payoff and is 100% unlocked on day 1.

Obviously, higher returns in the second round are preferable.

conclusion

Like APT, SUI generated a lot of hype and attention in the market. APT has been worth billions of dollars since its inception, meaning that at such a high valuation, any investment is highly profitable. But this is all based on the assumption that SUI and Aptoss are worth something similar today. Many had speculated that there would be an airdrop, but the team had been publicly denying it since last year.

"No airdrops!

Most posts are pure over-involvement and give false hope. This article is simply Crypto Nova's objective view of SUI's sale in the market. Providing data and insights to those who don't know. This is also based on speculation and data from its competitor APT. Real market demand may still be very different. We're hoping for an airdrop, but we have to act on today's conditions.