Get the latest updates on SuiNetwork’s mainnet launch on May 3, 2023. Learn about the Recognition Sale, allowlist, and other important information about the launch.

Introduction

SuiNetwork, a decentralized finance platform built on the Ethereum blockchain, is all set to launch its mainnet on May 3, 2023. This launch is a significant milestone for SuiNetwork as it marks the transition from a testnet to a fully operational mainnet. With the mainnet launch, users will be able to use SuiNetwork to access various decentralized finance products and services.

In this article, we will provide you with all the important information about the SuiNetwork mainnet launch. We will cover topics such as the Recognition Sale, allowlist, and other important updates that you need to know.

SuiNetwork

Recognition Sale

SuiNetwork’s Recognition Sale was a pre-launch event that allowed users to participate in a whitelist process to be among the first to access the SuiNetwork mainnet. Here are some updates on the Recognition Sale:

  • A total of 340k Discord accounts qualified for the Recognition Sale.
  • Only 180k accounts registered for the whitelist process.
  • Approximately 96k users are estimated to win the whitelist process.
  • The chances of winning the whitelist process are 50/50.

To select the winners, SuiNetwork will deploy a random selection algorithm from DRAND. The algorithm will be executed on April 20, 2023, at 3:00 AM UTC.

Sui Network

Allowlist

SuiNetwork’s allowlist is a process that allows users to access the mainnet in a phased manner. The allowlist process will be activated for centralized exchanges (CEXs) on April 21, 2023. The Sui Foundation will contact the first batch of users who have qualified for the allowlist process via email from April 20, 2023 (depending on the time zone).

The email will contain detailed information about how the exchanges will contact the users, and the Sui Foundation will not ask for any information that has already been provided in the portal. Furthermore, the email will not include any external links. Users are advised to be cautious of any scam/fraudulent activities. If you suspect any information received, please post it in the #support channel on the Sui Discord.

Updates

SuiNetwork has released several updates in the run-up to the mainnet launch. Here are some of the updates that you should be aware of:

  • SuiNetwork has launched a new website that provides detailed information about the platform, including its features and products.
  • SuiNetwork has partnered with various DeFi protocols, including Chainlink, Uniswap, and SushiSwap, to provide users with a wide range of decentralized finance services.
  • SuiNetwork has released a whitepaper that outlines the platform’s technical specifications, tokenomics, and governance structure.

Conclusion

The SuiNetwork mainnet launch on May 3, 2023, is an exciting event for the decentralized finance community. With the Recognition Sale, allowlist, and other important updates, users can participate in the SuiNetwork ecosystem and take advantage of its decentralized finance services. SuiNetwork’s partnership with other DeFi protocols and its technical specifications and governance structure outlined in its whitepaper make it a promising platform in the DeFi space.

FAQs

  1. What is SuiNetwork? SuiNetwork is a decentralized finance platform built on the Ethereum blockchain that provides users with various DeFi services.
  2. When is the SuiNetwork mainnet launch? The SuiNetwork mainnet launch is on May 3, 2023.
  3. What is the Recognition Sale? The Recognition Sale is a pre-launch event that allows users to participate in a whitelist process to be among the first to access the SuiNetwork mainnet.
  4. What is the allowlist process? The allowlist process is a phased manner that allows users to access the mainnet. The process will be activated for centralized exchanges on April 21, 2023.
  5. Who has SuiNetwork partnered with? SuiNetwork has partnered with various DeFi protocols, including Chainlink, Uniswap, and SushiSwap.
  6. Where can I find more information about SuiNetwork? You can find more information about SuiNetwork on its new website, which provides detailed information about the platform, including its features and products.

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