Binance Announces Support for New Highly Anticipated Aptos Rival – Here’s When It Launches

0 8

knife

Binance, the largest crypto exchange in the world by volume, has announced support for new layer-1  blockchain Sui Network (SUI).

In a new announcement, Binance says it will launch SUI on its Launchpool platform, which allows users to stake coins in exchange for new ones.

“Binance is excited to announce the 33rd project on Binance Launchpool – Sui (SUI), a DPoS layer 1 blockchain based on move programming language.”

Binance users can either stake True USD (TUSD) or Binance Coin (BNB) to receive SUI token when it launches. According to the exchange, SUI will go live on Wednesday when appropriate liquidity conditions are met.

Sui Network announced yesterday that mainnet was going live on Wednesday at 12pm UTC.

SUI will have a total supply of 10 billion tokens, but only 5.28% of that will be part of the initial circulating supply and available for retail trading.

The new layer-1 has been said to be a competitor to Aptos (APT) and uses the same coding language, Move, which was originally developed to run Facebook’s attempt at a crypto asset. It will run on a delegated proof-of-stake (dPOS) consensus mechanism and aims to be extremely low latency and high throughput.

Mysten Labs, the developers behind the project, raised $300 million late last year at a $2 billion valuation.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/pixelparticle/WhiteBarbie

The post Binance Announces Support for New Highly Anticipated Aptos Rival – Here’s When It Launches appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 68,127.25
ethereum
Ethereum (ETH) $ 3,516.27
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 602.35
solana
Solana (SOL) $ 184.20
staked-ether
Lido Staked Ether (STETH) $ 3,516.50
usd-coin
USDC (USDC) $ 0.999987
xrp
XRP (XRP) $ 0.600943
dogecoin
Dogecoin (DOGE) $ 0.140045
the-open-network
Toncoin (TON) $ 7.14
cardano
Cardano (ADA) $ 0.438246
avalanche-2
Avalanche (AVAX) $ 32.63
tron
TRON (TRX) $ 0.13444
shiba-inu
Shiba Inu (SHIB) $ 0.000018
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,068.24
chainlink
Chainlink (LINK) $ 14.84
polkadot
Polkadot (DOT) $ 6.41
bitcoin-cash
Bitcoin Cash (BCH) $ 398.38
near
NEAR Protocol (NEAR) $ 6.30
uniswap
Uniswap (UNI) $ 8.07
litecoin
Litecoin (LTC) $ 73.53
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000013
leo-token
LEO Token (LEO) $ 5.69
wrapped-eeth
Wrapped eETH (WEETH) $ 3,643.91
matic-network
Polygon (MATIC) $ 0.546705
internet-computer
Internet Computer (ICP) $ 10.70
kaspa
Kaspa (KAS) $ 0.178958
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.47
ethereum-classic
Ethereum Classic (ETC) $ 24.17
aptos
Aptos (APT) $ 7.49
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.105703
monero
Monero (XMR) $ 163.93
blockstack
Stacks (STX) $ 1.97
mantle
Mantle (MNT) $ 0.87804
render-token
Render (RNDR) $ 7.21
dogwifcoin
dogwifhat (WIF) $ 2.81
filecoin
Filecoin (FIL) $ 4.77
injective-protocol
Injective (INJ) $ 27.95
arbitrum
Arbitrum (ARB) $ 0.798878
hedera-hashgraph
Hedera (HBAR) $ 0.074266
maker
Maker (MKR) $ 2,858.83
immutable-x
Immutable (IMX) $ 1.68
crypto-com-chain
Cronos (CRO) $ 0.095402
okb
OKB (OKB) $ 42.32
cosmos
Cosmos Hub (ATOM) $ 6.50
vechain
VeChain (VET) $ 0.030693
bittensor
Bittensor (TAO) $ 349.04
bonk
Bonk (BONK) $ 0.000034
arweave
Arweave (AR) $ 34.14
optimism
Optimism (OP) $ 1.97
sui
Sui (SUI) $ 0.850766
the-graph
The Graph (GRT) $ 0.220197
floki
FLOKI (FLOKI) $ 0.000208
first-digital-usd
First Digital USD (FDUSD) $ 1.00
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,921.05
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,558.98
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,656.05
lido-dao
Lido DAO (LDO) $ 1.94
theta-token
Theta Network (THETA) $ 1.66
notcoin
Notcoin (NOT) $ 0.016044
thorchain
THORChain (RUNE) $ 4.88
bitget-token
Bitget Token (BGB) $ 1.14
ondo-finance
Ondo (ONDO) $ 1.10
fantom
Fantom (FTM) $ 0.540299
coredaoorg
Core (CORE) $ 1.66
jasmycoin
JasmyCoin (JASMY) $ 0.030415
aave
Aave (AAVE) $ 98.76
whitebit
WhiteBIT Coin (WBT) $ 10.14
jupiter-exchange-solana
Jupiter (JUP) $ 1.08
based-brett
Brett (BRETT) $ 0.143331
celestia
Celestia (TIA) $ 6.72
pyth-network
Pyth Network (PYTH) $ 0.367838
algorand
Algorand (ALGO) $ 0.159438
sei-network
Sei (SEI) $ 0.392304
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,477.66
mantra-dao
MANTRA (OM) $ 1.35
quant-network
Quant (QNT) $ 76.36
gatechain-token
Gate (GT) $ 7.83
elrond-erd-2
MultiversX (EGLD) $ 36.66
flow
Flow (FLOW) $ 0.651946
beam-2
Beam (BEAM) $ 0.01956
msol
Marinade Staked SOL (MSOL) $ 221.37
gala
GALA (GALA) $ 0.02644
kucoin-shares
KuCoin (KCS) $ 10.02
axie-infinity
Axie Infinity (AXS) $ 6.42
bitcoin-sv
Bitcoin SV (BSV) $ 47.67
popcat
Popcat (POPCAT) $ 0.948735
eos
EOS (EOS) $ 0.611879
flare-networks
Flare (FLR) $ 0.020196
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,548.24
tokenize-xchange
Tokenize Xchange (TKX) $ 11.06
ethereum-name-service
Ethereum Name Service (ENS) $ 26.87
dydx-chain
dYdX (DYDX) $ 1.45
bittorrent
BitTorrent (BTT) $ 0.00000090474241
mog-coin
Mog Coin (MOG) $ 0.000002
ordinals
ORDI (ORDI) $ 41.40
akash-network
Akash Network (AKT) $ 3.53
neo
NEO (NEO) $ 12.05