{"id":138363,"date":"2023-05-01T13:24:28","date_gmt":"2023-05-01T13:24:28","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=138363"},"modified":"2023-05-01T14:30:32","modified_gmt":"2023-05-01T14:30:32","slug":"binance-users-can-now-farm-sui-tokens-using-staked-bnb","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/binance-users-can-now-farm-sui-tokens-using-staked-bnb\/","title":{"rendered":"Binance Users can Now Farm SUI Tokens Using Staked BNB"},"content":{"rendered":"
As per the recent development, Binance <\/strong><\/span>announced<\/a> SUI to be the 33rd<\/strong> project on its launch pool<\/strong>. The project would make it possible for users to farm SUI tokens through the use of staked BNB tokens<\/a> and TUSD. Similarly, Binance mentioned that farming incentives would start from May 1, and would run for a total of two days. Binance would later list the token if the liquidity requirements are satisfied.<\/strong><\/span><\/p>\n <\/p>\n The crypto exchange stated,\u00a0<\/span><\/p>\n \u201cBinance will then list SUI when its liquidity meets the requirement and open trading with SUI\/BTC, SUI\/USDT, SUI\/TUSD, and SUI\/BNB trading pairs. The exact date and timing will be announced once available. Users will enjoy zero maker fees on the SUI\/TUSD trading pair until further notice.\u201d<\/em><\/p>\n For farming two liquidity pools, up to a total of 40 million SUI tokens would be issued as rewards for the users<\/strong>. Currently, 772.8 million TUSD have been injected into the liquidity pool. At the same time, almost 8.9 million BNB, accounting for approximately $3 million, has been staked.<\/span><\/p>\n On the brighter side, the recent development has catapulted the trading price of the BNB token. At the time of writing, the token has surged by 4.26% in the previous 24 hours, pushing the <\/strong><\/span>trading price<\/a> up to $335.45.\u00a0<\/strong><\/p>\n The total market cap of BNB currently rests at the $52 billion mark<\/strong>. BNB currently trading in the green serves as a sigh of relief for many investors as the token is performing relatively well in the market in comparison to other tokens that have experienced a slowdown.<\/span><\/p>\n In other news, the Binance CEO<\/a><\/strong>, Changpeng Zhao, has <\/span>stated that action would be taken against Justin Sun if he tries to misuse Binance Launchpool\u2019s SUI Airdrop. The statement followed after millions of TUSD were dumped into the liquidity pool.<\/span> It was mentioned that the airdrop is strictly meant for retail customers<\/b><\/span>.<\/span><\/p>\n Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will "take action against it". SMH.<\/p>\n Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.<\/p>\n On the bright side, blockchains are transparent… https:\/\/t.co\/8Xs1oXjfVd<\/a><\/p>\n — CZ \ud83d\udd36 Binance (@cz_binance) May 1, 2023<\/a><\/p><\/blockquote>\n<\/p>\n
CZ Warns Justin Sun and Whales Over the Potential Misuse of SUI Airdrop<\/span><\/h2>\n
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